25.05.21 Tuesday, 8.36 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, opened on positive note at 15211.35, our expected opening band i.e.,15175-15135, on opening move, it made day low 15145.45 thereafter, the Index moved up throughout the day and made day high at 15256.25 and closed at 15197.70 on positive note with intra gain 22.40 points i.e., 0.15%.

What will happen today? Nifty Index may open on positive note at 15255-15285-15310 if open, trade and sustain above 15310 then, the Index may try to re-test 15335-15360-15385-15431-15470-15515 levels. On the other hand, the immediate support lies at 15230-15175, if the Index moves below 15175 then, the Index may re-visit 15145-15115-15080-15045-14990 levels. 

Special Mention: Yesterday, the Nifty Index continued its upward move till 15256, further the Index closed well above 15190, today the Index may try to test 15285-15336, any move above 15336, then the Index may re-test the all time high level i.e., 15431, further move above 15431, then the Index may test 15600-15780 levels in the near term. On the other hand, if the Index not able to sustain near 15300-15336 then, the weakness may drag the Index till 15137-15045, further weakness below 15045, the index may try to re-visit 14985-14885 very soon, let see how the Index opens today at 15260-15285-15310 levels. We can expect a minor sell-off till 15175-15140-15045 levels this week and intra volatility also may be high this week due to F&O expiry, follow the buy on dips strategy.  

Trading Strategy: The followers/readers, those who invested in Nifty50 stocks near 14650 try to book partial profit near 15260-15330-15430 levels or with the return of 10-15%. 

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

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Wishing you for a safe, secured and profitable trading