24.09.21-Friday, 8.36 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as expected and written, opened on a positive note with a gap up at 17671.85 our expected opening band i.e.,17620-17640, on opening move, the Index made a low 17646.55 thereafter, the Index moved up throughout the day, made a day high 17843.90 and closed at 17822.95 on a positive note with an intra huge gain 276.30 points i.e., 1.57%.

What will happen today? Nifty Index may open on a positive note near 17830-17856-17875 if open, trade and sustain above 17875 then, the Index may try to test 17895-17920-17945-17970-18000-18020 levels. On the other hand, the immediate support lies at 17795-17740 if, the Index moves below 17740 then, it may try to re-visit 17715-17695-17660-17645-17595-17575 levels.

Special Mention: Yesterday, the Nifty index as expected broken the recent all time high point and made a fresh all time high at 17843.90 and closed well above 17792 today, the Nifty index may trade with consolidation move with positive bias, it should surpass above 17845-17855, if moves and sustains above 17855 then, the Index then, it may reach till 17920-18020 in the near term. On the other hand if, the Index unable to break 17855-17890 then, the weakness may drag the Index till 17650-17550 levels, further sell-off below 17550-17535 levels, may darg the Index to re-visit 17435-17325 levels in the near term. Let see, how the Index opens today at 17830-17856-17875 levels, the intraday volatility may be in high note due to week-end factor, trade with due caution at higher levels, is my advise in this juncture. 

Trading Strategy: The followers/readers, those who re-invested near 17500 levels, try to start book profit partially with 5-10-15% return or if, the Nifty index moves near 17850-18000 levels.

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