20.07.21 Tuesday, 8.36 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected, opened on a negative bias with gap down at 15958.35, our expected opening band i.e.,15760-15730-15710, on opening move, it made a low at 15740 thereafter, the Index moved up and made a day high at 15836.90, further the Index moved down and made a day low at 15707.50, closed the day at 15752.40 on a negative note with an intra loss -171 points i.e., -1.07%.

What will happen today? Nifty Index may open on a flat to positive note at 15750-15780 if open, trade and sustain above 15780 then, the Index may try to  re-test 15800-15820-15835-15855-15870-15915-15935-15962 levels. On the other hand, the immediate support lies at 15740-15707, if the Index moves below 15707 then, it may re-visit 15675-15645-15610-15570-15540-15510-15480-15450-15432 levels.

Special Mention: Yesterday, the Nifty index witnessed a sell-off and took support near our support level i.e, 15700, made day low 15707.90 and closed well below 15780 levels, today the Nifty index must re-gain above 15780-15835 levels then, it may try to re-bound till 15880-15962 levels in the near term. On the other hand, if the Index unable  to trade and sustain above 15780-15835 then, the weakness once again may drag the Index till 15635-15432 levels very soon. Let see, how the Index opens today at 15750-15780 levels, the intra volatility may be in a high note this week since, we have a trading holiday, tomorrow 21st Jul-Wednesday and weekly option expiry on Thursday, trade with due caution and avoid aggressive short position, unless the Index breaks and closes below 15650-15632 levels.  

Trading Strategy: The followers/readers, try to invest partially near 15700-15450 in Nifty50 stocks for the short term perspective to gain 5-10% return.

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