17.11.21-Wednesday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a positive note at 18127.05, our expected opening band i.e.,18145-18170, on opening move, the Index made a day high 18132.65 thereafter, it moved down, made a day low 17958.80 and closed at 17999.20 on a negative note with an intra loss -110.25 points, i.e., -0.61%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to negative note near 17980-17955-17925 if open, trade and sustain below 17925 then, the Index may try to re-visit  17910-17845-17800-17750-17730 levels. On the other hand, the immediate resistance seen at 18040-18090, if the Index moves above 18090 then, it may re-test 18115-18130-18180-18210-18245-18270-18295-18320-18340 levels.

Special Mention: Yesterday, the Nifty Index unbale to continue the pull back rally, once again moved dwon till 17958.80 and closed well below 18100, today the Index must take support 17900, any weakness below 17900 then, the Index may re-visit 17800-17730-17615 levels very soon. On the other hand if, the Index takes support near 17900 and moves above 17960-18040 then, it may re-test 18130-18210-18340 levels in the near term. Let see, how the Index opens today at 17980-17955-17925 levels, the Intra volatility may be in high note due to tomorrrow's option weekly expiry and week-end factor.

Nifty Bank Index: Nifty Bank index, yesterday opened near 38710.90, on the opening move, it made a day high 38724.70 thereafter, the Index moved down, made a day low 38211.10 and closed 38307.10, today the Nifty Bank Index must take support 38200-38105 levels, any weakness below 38100 then, the Index  may try to re-visit 38045-37910-37790-37650-37460 levels. On the other hand, the immediate resistance seen at 38345-38600 if the Index moves above 38600 then, it may re-test 38725-38820-39175-39350 levels in the near term.

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.