12.07.21 Monday, 8.36 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as written and expected, opened on a negative note at 15688.25, our expected opening band i.e.,15685-15635, on opening move, it made a day low 15632.75 thereafter, the Index moved up and made a day high till 15730.85, further the Intra weakness dragged once again near day low and closed the day at 15689.80 on a negative bias with an intra loss -38.10 points i.e., -0.24%.

What will happen today? Nifty Index may open on a positive note at 15730-15755 if open, trade and sustain above 15755 then, the Index may try to re-test 15780-15805-15830-15855-15880-15900-15915 levels. On the other hand, the immediate support lies at 15705-15680, if the Index moves below 15680 then, it may re-visit 15655-15632-15605-15560-15535-15505-15450-15432 levels. 

Special Mention: Friday, the Nifty index tried to take support at our threshold level i.e., 15635 and closed the day above 15665, today the Index must take support 15655-15632 then, it may try to re-test 15740-15780, any further move above 15780 then, the Index may re-test 15855-15885-15915 levels in the near term. On the other hand, if the Index unable to take support at 15655-15632 then, the weakness may drag the Index till 15560-15505-15450-15435-15400-15375 levels very soon. Let see, how the Index opens today at 15730-15755 levels, 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