21.09.21-Tuesday, 8.43 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as expected and written, opened on a negative note at 17443.85, our expected opening band i.e.,17535-17460, on opening move, the pull back rally took the Index up and made a day high 17622.75 thereafter, the Index moved down throughout the day, made a day low 17361.80 and closed at 17396.90 on a negative note with an intra loss -188.25 points i.e., -1.07%.

What will happen today? Nifty Index may open on a flat note near 17400-17430 if open, trade and sustain above 17430 then, the Index may try to re-test 17460-17495-17510-17535-17565-17596-17620-17650-17695 levels. On the other hand, the immediate support lies at 17360-17335 if, the Index moves below 17335 then, it may try to re-visit 17290-17275-17255-17210-17160-17110-17055 levels.

Special Mention: Yesterday, the Nifty index continued the southward journey, made a day low 17361.60 and closed well below 17430 today, the sell-off may continue if, the Index not take the support near 17360-17255, the close below 17255, may drag the Index till 17055-16700 in the near term. On the ohter hand if, the Index moves above 17430-17535 and close above 17535 then , the Index once again march towards the the all the time high till 17792 then, till 18020 levels very soon. Let see, how the Index opens today at 17400-17430 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

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Wishing you for a safe, secured and profitable trading