20.09.21-Monday, 8.43 am

Good Morning followers & readers 

What has happened on Friday? Nifty Index, as expected and written, opened on a positive note at 17709.65, our expected opening band i.e.,17645-17675, on opening move, it made a day high 17792.95 thereafter, the Index moved down throughout the day, made a day low 17537.65 and closed at 17585.15 on a negative note with an intra loss -44.35 points i.e., -0.25%.

What will happen today? Nifty Index may open on a negative note near 17535-17510-17460 if open, trade and sustain below 17460 then, the Index may try to re-visit 17435-17415-17380-17355-17320-17295-17260 levels. On the other hand, the immediate resistance seen at 17565-17595 if, the Index moves above 17595 then, it may try to re-test 17645-17695-17730-17750-17795 levels.

Special Mention: On Friday, the Nifty index continued the northward journey, made a new all time high 17792.95, the sell-off cum profit booking, as written on Friday intra ooutlook, dragged the Nifty Index till 17537.65 and closed near 17600, today the Index must move above 17565-17605-17645 levels to continue the upward momentum to test 17800-18020 levels in the near term. On the other hand, the weakness now lies near 17510-17460-17435 levels, if the index moves below 17460-17435 then, the sell-off may drag the Index till 17260-17055 levels in the near term. Let see, how the Index opens today at 17535-17510-17460 levels, the intraday volatility may be in high note this week, trade with due caution is my advise in this juncture. 

Trading Strategy: The followers/readers, those who booked the profit near 17750-17800 levels, try to re-invest partially near 17500-17250 levels with a short term perspective in Nifty50 stocks 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

For 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