20.05.21 Thursday, 8.36 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as expected and written, opened on negative note at 15058.60 our expected opening band i.e.,15075-15045, on opening move, it made low 15052.85 thereafter, the Index moved up and made day high at 15133.40,  further it moved down and made low at 15008.85, closed at 15030.15 on negattive note with intra loss -77.95 points i.e., -0.52%.

What will happen today? Nifty Index may open on flat note at 15045-15010 if open, trade and sustain below 15010 then, the Index may try to re-visit 14975-14955-14938-14890-14865-14830-14815-14800-14750 levels. On the other hand, the immediate resistance seen at 15075-15105, if the Index moves above 15105 then, the Index may re-test 15137-15165-15185-15210-15255-15295-15335 levels. 

Special Mention: Yesterday, the Nifty Index unable to continue the northward rally above 15137, the brief sell-off dragged till 15008 and closed well below 15045, today if the Index move below 15008-14975 then the Index may re-visit 14800-14750-14590 levels in the near term. On the other hand, if the Index moves above 15075-15105 then it may move up till 15137-15185-15220-15336 levels in the near term, let see how the Index opens today at 15045-15010 levels, the intra volatility may be high today and tomorrow due to option weekly expiry and tomorrow's week-end factor, trade with due caution is may advise at this juncture.  

Trading Strategy: The followers/readers, those who invested in Nifty50 stocks near 14650 try to book partial profit near 15050-15150-15330 levels or with the return of 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