28.06.21 Monday, 8.33 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as written and expected, opened on a positive note at 15839.35, our expected opening band i.e.,15805-15821, on opening move, it made a low near at open low, thereafter, the Index moved down and made a day till 15772.30, further it was moved up and made a day high at 15870.80, closed at 15860.35 on a positive note with an intra gain 69.90 points i.e., 044%.

What will happen today? Nifty Index may open on a positive note at 15875-15900-15920 if open, trade and sustain above 15920 then, the Index may try to test 15935-15970-16000-16024-16070 levels. On the other hand, the immediate support lies at 15840-15810, if the Index moves below 15810 then, the Index may re-visit 15780-15760-15745-15725-15700-15675-15650-15610-15590-15565 levels.

Special Mention: On Friday, the Nifty Index able to take support near 15770 and continued the pull back rally once again till 15870 and closed above our thereshold level i.e., 15780. Today if, the Index must move above 15875-15900 then, the further move above 15900, may take the Index till 15920-15970-15995-16020-16070 levels in the near term. On the other hand, if the Index not moves above 15875-15900 then, it may try to re-visit, 15770-15730-15700, further down move below 15700, the weakness may drag the Index till 15675-15620-15565-15505-15450 levels in the near term. Let see. how the Index opens today at 15875-15900-15920 levels, trade with due caution, the intra volatility may be high this week too, due to F&O Expiry.

Trading Strategy: The followers/readers, those who invested near 15450-15500 levels in the Nifty50 stocks, may book partial profit at 15800-15900 levels in Nifty Index or for the profit around 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

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Wishing you for a safe, secured and profitable trading