09.11.21-Tuesday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a positive note at 18040.20, our expected opening band i.e.,17950-17985, on opening move, the Index moved down and made a day low 17836.10 further, the Index moved up throughout the day, made a day high 18087.80 and closed at 18068.55 on a positive note with an intra gain 151.75 points i.e., 0.85%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to positive note near 18065-18090-18110 if open, trade and sustain above 18110 then, the Index may try to test 18130-18155-18185-18205-18220-18260 levels. On the other hand, the immediate support lies at 18040-18015, if the Index moves below 18015 then, it may re-visit 17970-17950-17930-17915-17895-17865-17840-17810 levels.

Special Mention: Yesterday, the Nifty Index continued the pull back rally till 18087.80 and closed well above 18k, today the Index must trade above 18090-18110-18155, if moves above 18155 then it may re-test 18240-18340-18490 levels in the near term. On the other hand if, the Index fails to move above 18095-18110-18155 and trades below 18040-17990 then, the weakness may drag the Index till 17760-17610 levels very soon. Let see, how the Index opens today at 18060-18090-18110 levels.

Nifty Bank index: Nifty Bank index, yesterday on the opening move made a day high 39674.05 thereafter, the Index moved down and made a day low 38932.15, closed 39438.25, today the Nifty Bank Index must move above 39675-39800 levels to continue the pull back rally till 40000-40160-40280-40500 levels. On the other hand the strong support seen 39300-39230 levels, any weakness below 39230 then, it may re-visit 39075-38940-38730 levels.

Trading Strategy: The followers/readers, those who invested near 17700-17600 start book partial profit near 18150-18350 levels or the stocks you have invested gives a profit 3-6% return and stay invested till 17600-17450 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.