15.07.21 Thursday, 8.39 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected, opened on a flat note at 15808.70, our expected opening band i.e.,15820-15780, on opening move, it made a day low 15764.20 thereafter, the Index moved up throughout the day and made a day high at 15877.35 and closed the day at 15853.95 on a positive bias with an intra gain 41.60 points i.e., 0.26%.

What will happen today? Nifty Index may open on a flat to positive note at 15850-15875 if open, trade and sustain above 15875 then, the Index may try to test 15895-15915-15935-15970-15995-16024 levels. On the other hand, the immediate support lies at 15835-15805, if the Index moves below 15805 then, it may re-visit 15780-15765-15735-15705-15675-15655-15632-15605-15565 levels. 

Special Mention: Yesterday, the Nifty index continued the pull back rally and made high at 15877 further, it was closed above 15780-15800 levels, today the Index must sustain above 15850-15875 then, it may try to re-test 15915, any further move above 15915 then, the Index may test 15970-16024-16075-16125 levels in the near term. On the other hand, if the Index fails to move above 15895-15915 then, the weakness may drag the Index till 15635-15450 levels very soon. Let see, how the Index opens today at 15850-15875 levels, the intra volatility may be in a high note, due to weekly option expiry and tomorrow'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