11.10.21-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 17886.85, our expected opening band i.e.,17850-17885, on opening move, the Index made a day low 17840.35 thereafter, the Index moved up and made a day high 17941.85, the Index traded in a narrow range and closed at 17895.20 on a positive note with an intra gain 104.85 points i.e., 0.59%.

What will happen today? Nifty Index may open on a flat to posiitive note near 17900-17930-17945 if open, trade and sustain above 17945 then, the Index may try to test 17980-18015-18050-18085-18125-18155 levels. On the other hand, the immediate support lies at 17885-17840 if the Index moves below 17840 then, it may re-visit 17810-17790-17760-17735-17700-17670-17645-17620-17565 levels.

Special Mention: On Friday, the pull back rally continued near all time high i.e., 17947, made a high 17941.85 but unbale to break that levels and closed well above 17790, today it looks the Index may try to re-test the all time high 17947 and chances are bright to break the all time high if, the index breaks 17947 levels then, the it may test 18030-18075-18150-18240 levels in the near term. On the other hand if, the Index fails to move above 17947-18000 and moves below 17885-17850 levels then, the weakness cum sell-off, may drag the Index to re-visit 17790-17640-17590-17435 levels in the near term. Let see, how the Index opens today at 17900-17930-17945 levels, the intra volatility may be in a high note this week due to long week-end factor.

Trading Strategy: The followers/readers, who invested last week try to book profit in a partial manner, if the Nifty Index not moves above 17900-18000 or if, the stocks, which you have bought gives 5-10% profit and stay invested on dips near 17450-17300-17060 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