05.07.21 Monday, 8.39 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as written and expected, opened on a flat to positive note at 15705.85, our expected opening band i.e.,15680-15710, on opening move, it made a high near 15706 thereafter, the Index moved down and made a day low at 15635.95, further the last hour short covering lifted the Index till 15738.35 and closed the day at 15722.20 on a positive bias with an intra gain 42.20 points i.e., 0.27%.

What will happen today? Nifty Index may open on a posiitive note at 15765-15780-15805 if open, trade and sustain above 15805 then, the Index may try to test 15835-15855-15880-15900-15915-15935-15970 levels. On the other hand, the immediate support lies at 15740-15710, if the Index moves below 15710 then, the Index may try to re-visit 15675-15660-15635-15610-15560-15535-15505 levels. 

Special Mention: On Friday, as written and expected. the Index pulled back from the last four trading sessions loosing streak and closed with a positive bias, after it took a support at our band i.e., 15660-15620, it moved from the low point 15635 to 15738 levels. Today, the Index must move and sustain above 15780-15810 then, it may re-test 15839-15885-15915 levels, further move above 15915, may pave the way to test 15970-16024-16070 in the near term. On the other hand, if the Index fails to move and close above 15780-15810 then, the weakness may drag the Index till 15635-15560-15450-15432 levels in the near term. Let see, how the Index opens today at 15765-15780-15805 levels. 

Trading Strategy: The followers/readers, try to re-invest partially near 15600-15450 levels in the Nifty50 stocks for a short term perspective, to gain 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