17.05.21 Monday, 8.46 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, contrary to our expectation, opened on positive note at 14749.40 our expected opening band i.e.,14695-14650, on opening move, it made day high 14749.65, thereafter, the Index moved down and made day low till 14591.90, further a short covering lifted the Index and closed at 14677.80 on flat to negative note with intra loss -18.70 points i.e., -0.13%.

What will happen today? Nifty Index may open on positive note at 14700-14750 if open, trade and sustain above 14750 then, the Index may try to re-test 14790-14825-14855-14885-14925-14966-14995-15045 levels. On the other hand, the immediate support lies at 14670-14630, if the Index moves below 14630 then, the Index may re-visit 14590-14550-14500-14460-14425-14380 levels. 

Special Mention: On Friday, the Nifty Index continued the sell-off till 14590 and closed below 14695, today, if the Index moves above 14750 then it may try to re-test 14825-14966-15050 levels very soon. On the other hand, if the Index unbale to move above 14750-14790 then the weakness once again drag the Index till 14600-14420-14415 in the near term, let see how the Index opens today at 14700-14750 levels.  

Trading Strategy: The followers/readers, those who want to take risk then invest partially near 14650-14500 levels in Nifty50 stocks for short to medium term perspective to gain 5-10%. 

Also, read the Nifty Index weekly outlook, which will help the traders/investors to know about the Index weekly hurdle and support levels and I hope it will give more insight about the Nifty index, to read the weekly outlook please, visiit by using the following link: https://www.niftytech.in/marketupdate/62

Further details please do call us on 98410 48022 or contact thro' whatsapp: 99624 70636. Please read carefully, the Disclaimer published in the Disclaimer page.

Wishing you for a safe, secured and profitable trading