21.05.21 Friday, 8.39 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as expected and written, opened on flat note at 15042.60 our expected opening band i.e.,15045-15010, on opening move, it made day high 15069.80 thereafter, the Index moved down thorughout the day and made day low at 14884.90 and closed at 14906.05 on negattive note with intra loss -124.10 points i.e., -0.83%.

What will happen today? Nifty Index may open on positive note at 14980-15010-15045 if open, trade and sustain above 15045 then, the Index may try to re-test 15075-15105-15137-15170-15205 levels. On the other hand, the immediate support lies at 14945-14905, if the Index moves below 14905 then, the Index may re-visit 14885-14860-14835-14801-14775-14750-14735-14705 levels. 

Special Mention: Yesterday, the Nifty Index continued the down move till our support level i.e, 14890, made low 14884 and closed well below 15045, today if the Index moves above 15010-15045 then the Index may re-test 15135-15220-15335 levels in the near term. On the other hand, if the Index fails to move above 15045 then it may try re-visit 14900-14835-14705-14590 levels in the near term, let see how the Index opens today at 14985-15015-15045 levels, the intra volatility may be high today due to week-end factor, trade with due caution avoid aggressive short position.  

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