27.07.21 Tuesday, 8.39 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as expected and written, opened on a neagtive note at 15849.30, our expected opening band i.e.,15780-15740, on opening move, it made a day low at 15797 thereafter, the Index moved up and made a day high near 15893.85, further it was traded in narrow range and closed the day at 15824.45 on a negative note with an intra loss -31.60 points i.e., -0.20%.

What will happen today? Nifty Index may open on a flat to positive note 15835-15860 if open, trade and sustain above 15860 then, the Index may try to test 15900-15915-15935-15962-15995-16020 levels. On the other hand, the immediate support lies at 15815-15795, if the Index moves below 15795 then, it may try to re-visit 15780-15740-15705-15675-15655-15580 levels.

Special Mention: Yesterday, the Nifty index unable to break 15900 levels to continue the pull back rally, it was trading in a range bound move and closed well above our threshold support level i.e., 15780, today the Nifty index must break 15900 levels then, it may try to re-bound till 15962 levels, further move above 15962, may take the Index to test 16025-16070-16145-16220 levels in the near term. On the other hand, if the Index unable to trade and sustain above 15860-15900 then, the weakness once again may drag the Index till 15635-15580 levels very soon. Let see, how the Index opens today at 15835-15860 levels, the intra volatility may be in a high note this week, due to the US FED meet and F&O Expiry, trade with due caution and avoid aggressive short position, unless the Index breaks and closes below 15632-15580 levels.  

Trading Strategy: The followers/readers, those who invested near 15700-15600 in Nifty50 stocks, may start book partial profit booking at 15800-15900 levels in Nifty Index or if, the stocks which gives 5-10% profit then, book partially and wait for further dip till 15600-15400 levels to invest further.

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