09.07.21 Friday, 8.33 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected, opened on a negative note at 15855.40, our expected opening band i.e.,15835-15805, on opening move, it made a day high 15885.75 thereafter, the Index moved down throughout the day and made a day low 15682.90, closed the day at 15727.90 on a negative bias with an intra loss -151.75 points i.e., -0.96%.

What will happen today? Nifty Index may open on a negative note at 15685-15660-15635 if open, trade and sustain below 15635 then, the Index may try to re-visit 15610-15560-15535-15505-15450-15432 levels. On the other hand, the immediate resistance seen at 15705-15745, if the Index moves above 15745, then it may re-test 15780-15825-15845-15885-15900-15915 levels. 

Special Mention: Yesterday, the Nifty index unable to continue the northward journey beyond 15900, at the same time it was broken the crucial and threshold support level i.e., 15780, made a day low 15682.90 and closed well below 15780. Today the Index must take support 15682-15635 then, it may trade in a range between 15635-15915 for some more trading sessions, any weakness below 15635 then, the Index may re-visit 15560-15432 levels very soon.  On the other hand, if the Index takes support 15682-15635, then it may try to re-test once again 15850-15915, further up move above 15915 then, the fresh rally may take the Nifty Index to 15970-16024-16070-16150 levels in the near term. Let see, how the Index opens today at 15685-15635 levels, the Intraday volatility may be high today, due to today's week-end factor, trade with due caution and avoid aggressive short position, unless the Index breaks and closes below 15635-15600 levels.  

Trading Strategy: The followers/readers, follow and adopt  the Buy on dips strategy to re-invest near 15600-15450 levels in the Nifty50 stocks with 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