30.09.21-Thursday, 8.37 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as expected and written, opened on a negative note at 17657.95, our expected opening band i.e.,17720-17690-17665, on opening move, the Index made a day low 17608.15 thereafter, the Index moved up with a volatile move, made a day high 17781.75,  further, the intra last hour sell-off dragged till 17700 and closed at 17711.30 on a negative note with an intra loss -37.30 points i.e., -0.21%.

What will happen today? Nifty Index may open on a flat to negative note near 17695-17670-17650 if open, trade and sustain below 17650 then, the Index may try to re-visit 17610-17575-17560-17540-17518-17480-17440-17400-17365 levels. On the other hand, the immediate resistance seen at 17720-17745 if, the Index moves above 17745 then, it may try to re-test 17780-17825-17845-17875-17900-17920-17947 levels.

Special Mention: Yesterday, the Nifty index traded with a range bound and closed 17711.30 with an indside day pattern i.e., either not broken the previous day high or low, it infers the iindecisiveness, today the Index must break 17781-17792 to re-test 17900-17947, if the Index moves, sustains and close above 17947 then, the next leg of upmove till 18020-18150-18310 possible in the near term On the other hand if, the Index moves below 17600-17565 then, the Index may re-visit 17470-17326, further down move below 17326, may drag the index till 17270-17060 levels. Let see, how the Index opens today at 17695-17670-17650 levels, the intraday volatility may be in high note today & tomorrow, due to F&O expiry, month-end and quarterly-end factor, trade with due caution and avoid aggressive short position. 

Trading Strategy: The followers/readers, those who re-invested near 17500-17350 levels, try to book profit with 10-15% return or if, the Nifty index moves near 18020-18150 levels to book profit and start re-invest at 17500-17350 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

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