27.05.21 Thursday, 8.36 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected, opened on positive note at 15257.05, our expected opening band i.e.,15225-15255-15295, on opening move, it made day low 15194.95 thereafter, the Index moved up throughout the day and made day high at 15319.90 and closed at 15301.45 on positive note with intra gain 93 points i.e., 0.61%.

What will happen today? Nifty Index may open on flat to positive note at 15300-15320-15336 if open, trade and sustain above 15336 then, the Index may try to test 15355-15385-15431-15470-15500-15545 levels. On the other hand, the immediate support lies at 15280-15240, if the Index moves below 15240 then, the Index may re-visit 15220-15195-15160-15137-15102-15075-15045 levels. 

Special Mention: Yesterday, the Nifty Index continued its upward move till 15319.90 and closed well above 15300, today the Index must surpass and sustain above 15300-15336, if moves 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 otherhand, if the Index not able to trade and sustain above 15280-15335 then, the weakness may drag the Index till 15160-15045, further weakness below 15045, the index may try to re-visit 14985-14885 in the near term, let see how the Index opens today at 15300-15320-15336 levels. The intra volatility may rule the Index today and tomorrow, due to F&O expiry and tomorrow's week-endfactor, 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 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

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