14.10.21-Thursday, 8.34 am

Good Morning followers & readers 

What has happened yesterday? Nifty Index, as written and expected, opened on a positive note at 18097.85, our expected opening band i.e.,18010-18042, on opening move, the Index made a day low 18050.75 thereafter, the Index moved up throughout the day and made a day high 18197.80, further the Index closed at 18161.75 on a positive note with an intra gain 169.80 points i.e., 0.94%.

What will happen today? Nifty Index may open on a positive note near 18195-18225-18245 if open, trade and sustain above then, the Index may try to test 18270-18300-18320-18345-18365 levels. On the other hand, the immediate support lies at 18175-18150, if the Index moves below 18150 then, it may re-visit 18130-18105-18085-18050-18010-17985-17950 levels.

Special Mention: Yestrerday, the Index conitnued the northward journey, made a fresh all time high 18197.80 and closed 18161.75, today the Index must trade above 18225-18250, if the Index moves above 18250 levels then, it may test 18345-18440 levels in the near term. On the other hand if, the Index fails to move above 18225-18250 and moves below 18150-17950 levels then, the weakness cum sell-off, may drag the Index to re-visit 17840-17790 levels in the near term. Let see, how the Index opens today at 18195-18225-18245 levels, today the intra volatility may be in a high note due to weekly option expiry and long week-end factor, trade with due caution at the higher levels and avoid agressive short or long positions.

Trading Strategy: The followers/readers, who invested last week try to book profit, if the Nifty Index not moves above 18200-18250-18350 or if, the stocks, which you have bought gives 10-15 profit and stay invested on dips near 17750-17600 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