11.11.21-Thursday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a negative note at 17973.45, our expected opening band i.e.,18015-17985-17950, on opening move, the Index moved down and made a day low 17915 further, the Index moved up, made a day high 18061.25 and closed at 18017.20 on a negative note with an intra loss -27.05 points i.e., -0.15%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to negative note near 18000-17970-17950 if open, trade and sustain below 17950 then, the Index may try to re-visit 17930-17915-17895-17875-17840-17805-17760-17730 levels. On the other hand, the immediate resistance seen at 18015-18045, if the Index moves above 18045 then, it may re-test 18065-18100-18130-18165-18185-18210-18225-18250-18315-18340 levels.

Special Mention: Yesterday, the Nifty Index unable to continue the pull back rally, the weakness dragged the Index till 17915 and closed well below 18040 levels, today the Index must take support 17970-7950-17915, if take support and moves above 18060-18115 then it may re-test 18240-18340-18490 levels in the near term. On the other hand if, the Index fails to move above 18060-18115 and trades below 17915 then, the weakness may drag the Index till 17840-17760-17610 levels very soon. Let see, how the Index opens today at 18000-17970-17950 levels, we can expect high intraday volatilty due to, today's weekly option expiry and tomorrow's week-end factor.

Nifty Bank Index: Nifty Bank index, yesterday opened near 39206.30, on the opening move, it made a day high 39220.30 thereafter, the Index moved down, made a day low 38873.80 and closed 39023.25, today the Nifty Bank Index must  take support 39025-38932 levels, if takes support these levels then, it may try to move up and re-test till 39220-39560-39675-39750-39890-40160 levels. On the other hand any weakness below 38870 then, the Index re-visit 38750-38640-38530-38430-38380 levels.

Trading Strategy: The followers/readers, those who invested near 17700-17600 start book partial profit near 18115-18350 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.