26.11.21-Friday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a flat note at 17417.30, our expected opening band i.e.,17410-17385, on opening move, the Index made a day low 17351.70 thereafter, the Index moved up till 17564.25 and closed at 17536.25 on a positive note with an intra gain 121.20 points, i.e., 0.70%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a negative note near 17450-17405 if open, trade and sustain below 17405 then, the Index may try to re-visit 17375-17350-17300-17280-17260-17220-17190-17155-17105 levels. On the other hand, the immediate resistance seen at 17490-17530-17565, if the Index moves above 17565 then, it may re-test 17605-17660-17695-17715-17750 levels.

Special Mention: Yesterday, the Nifty Index traded with a consolidation mode and not moved below 17350, the last hour up move liffed the Index till 17564.35 and closed well above 17450, today the Index must move above 17565-17615, further move above 17615, the pull back rally may continue till 17690-17805-17950 in the near term. On the other hand if, the Index unable to move above 17600-17615 and moves below 17450-17400 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 17450-17405 levels, the Intra volatility may be in a high note, due to week-end factor.

Nifty Bank Index: Nifty Bank index yesterday, opened at 37362.05, on the opening move, it made a day low 37118.40 thereafter, it moved up, made a day high 37507.95 and closed 37364.75, today the Nifty Bank Index must take support near 37270-37120 and moves above 37390-37510 then, it may re-test 37625-37750-37820-37890-37980-38020-38140 levels very soon. On the other hand, the any weakness below 37120-37030 then, the Index may drag to re-visit 36950-36840-36650-36525-36310 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.