14.06.21 Monday, 8.36 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as written and expected, opened on positive note at 15796.45, our expected opening band i.e.,15750-15780, on opening move, it made a day high 15835.55 thereafter, the Index moved down and made a day low at 15749.80, further it moved up once again near day high and closed at 15799.35 on a positive note with an intra gain 61.60 points i.e., 0.39%.

What will happen today? Nifty Index may open on a flat to negative note at 15780-15755 if open, trade and sustain below 15750 then, the Index may try to re-visit 15725-15700-15670-15630-15595-15566-15528-15475 levels. On the other hand, the immediate resistance seen at 15800-15835, if the Index moves above 15835 then, the Index may test 15860-15890-15920-15940-16000 levels.

Special Mention: On Friday, the Index once again moved up and continued the northward journey, made an another all time high at 15835.55 and able to close above 15780 for the first time, today the Index must move above 15780-15850, if the Index able to close above 15780-15800 today and tomorrow, then 15920-16000-16070 levels are possible this month. On the other hand, if the Index not able to trade and sustain above 15800-15835-15860 then, the weakness below 15750, the Index once again may be dragged till 15565-15431-15375 levels in the near term, let see. how the Index opens today at 15780-15750 levels, trade with due caution at the higher levels, avoid aggressive long position is my advise at this juncture.

Trading Strategy: The followers/readers, those who invested near 15600 or those who holding positions, watch 15780-15850-15900 to move above, else  try to book profit and wait for further correction to re-invest when the Nifty comes down 15600-15400 levels.

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