15.11.21-Monday, 8.34 am

Good Morning Members

What has happened on Friday? Nifty Index, as expected and written, opened on a positive note at 17977.60, our expected opening band i.e.,17920-17970, on opening move, the Index made a day low 17905.90 thereafter, it moved up, made a day high 18123 and closed at 18102.75 on a positive note with an intra gain 229.15 points i.e., 1.28%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a positive note near 18140-18190 if open, trade and sustain above 18190 then, the Index may try to re-test 18220-18240-18270-18295-18310-18340-18395 levels. On the other hand, the immediate support lies at 18125-18085, if the Index moves below 18085 then, it may re-visit 18060-18020-17995-17950-17920-17905-17850 levels.

Special Mention: On Friday, the Nifty Index took support near 17900,  the pull back rally lifted the index till 18123 and closed well above 18000, today the Index must move above 18190-18220 to continue the pull back rally, if the index moves above 18220 then, the Index re-test 18340-18460 levels in the near term. On the other hand if, the Index fails to move above 18190-18220 and trades below 18125-18060 then, the weakness may drag the Index once again till 18000-17905-17798 levels very soon. Let see, how the Index opens today at 18140-18190 levels, the Intra volatility may be in high note this week due to long week-end factor.

Nifty Bank Index: Nifty Bank index, on Friday opened near 38707.05, on the opening move, it made a day low 38467.80 thereafter, the Index moved up, made a day high 38822.85 and closed 38733.35, today the Nifty Bank Index must move above 38880-38930 levels, if moves above 38930 then, it may try to re-test 39150-39220-39360-39475-39560-39675 levels. On the other hand, any weakness at 38930 then, the Index once again re-visit 38820-38720-38600-38550-38465-38350-38200 levels.

Trading Strategy: The members/followers/readers, those who invested near 17700-17600 start book profit near 18200-18350-18460 levels or the stocks you have invested gives a profit 5-10% return and stay invested till 17800-17600-17450 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.