25.11.21-Thursday, 8.43 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a posiitve note at 17550.05, our expected opening band i.e.,17510-17555, on opening move, the Index made a day high 17600.60 thereafter,  the last hour sell-off dragged down, made a day low 17354 and closed at 17415.05 on a negative note with an intra loss -88.30 points, i.e., 0.50%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to negative note near 17410-17385 if open, trade and sustain below 17385 then, the Index may try to re-visit 17355-17335-17305-17280-17260-17220-17190-17155-17115 levels. On the other hand, the immediate resistance seen at 17450-17490, if the Index moves above 17490 then, it may re-test 17530-17570-17605-17660-17695-17715-17750 levels.

Special Mention: Yesterday, the pull back rally lifted the Nifty Index till our threshold resistance levels i.e., 17615, made a day high 17605 but, unable to surpass this level, the late hour sell-off dragged once again till 17354 and closed well below 17450, today the Index must move above 17450-17490, further move above 17490, the pull back rally may continue till 17615-17805-17950 in the near term. On the other hand if, the Index unable to move above 17450-17490 and moves below 17355-17305 then, the weakness may drag the Index once again to re-vist till 17280-17216, further sell-off below 17216 may drag the Index till 17105-17060-16900 levels very soon. Let see, how the Index opens today at 17410-17385 levels, the Intra volatility may be in a high note, due to today's  F&O Expiry and tomorrow's week-end factor.

Nifty Bank Index: Nifty Bank index yesterday, opened at 37384.75, on the opening move, it made a day low 37238.05 thereafter, it moved up, made a day high 37891.90, the last hour sell-off dragged down and closed 37441.95, today the Nifty Bank Index must take support near 37390-37240 and moves above 37470-37560 then, it may re-test 37660-37700-37820-37890-37980-38060 levels very soon. On the other hand, the any weakness near 37260-37140 then, the Index may drag to re-visit 37040-36950-36840-36650 levels.

Trading Strategy: The members/followers/readers, those who booked profit near 18100-18200 levels, start invest in partial manner till 17400-17200 for a short to medium term perspective to gain 5-10% in Nifty top 100 stocks.

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.