05.01.22-Wednesday, 8.34 am

Good Morning Members.

What has happened yesterday? Nifty Index, as expected and written, opened on a positive note at 17681.40, our expected opening band i.e.,17625-17645-17680, on opening move, the Index made a high 17715 thereafter, the Index moved down, made a day low 17593.55, further, the last hour upmove took the Index, made day a high 17827.60 and closed at 17805.25, on a positive note with an intra gain 179.55 points, i.e., 1.02%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat note near 17800-17760-17745 if open, trade and sustain above 17800-17830 then, the Index may try to re-test 17870-17900-17930-17960-18000 levels. On the other hand, the immediate support lies at 17710-17670 if, the Index moves below 17670 then, it may re-visit 17645-17620-17595-17555-17525-17490 levels.

Special Mention: Yesterday, the Nifty Index continued it's pull back rally beyond our further threshold resistance levels, i.e., 17805 and closed near 17805 levels; today, the Index must move above 17805-17830, if it moves above 17830 then, it may try to re-test 17960-18050-18135 levels in the near term. On the other hand if, the Index unable to move above 18005-18030-18090 and moves below 17760-17670 then, the index may try to re-visit once again till 17595-17450-17385 levels very soon. Let see, how the Index opens today at 17800-17760-17745 levels.

Nifty Bank Index: Nifty Bank index yesterday, opened at 36551.25, on the opening move, it made a day low 36374.40 thereafter, it moved up, made a day high 36887.80 and closed on a positive note at 36840.15 with an intra gain 418.25 points, i.e,,1.15%, today the Nifty Bank Index must move above 36885-37030, if to do so, then it may try to re-test 37175-37285-37400-37590 levels. On the other hand, any weakness near 36840-36890 and moves below 36740-36630 then, the Index may be dragged to re-visit 36540-36490-36375-36280-36200-36125-36045-35950-35850 levels.

Trading Strategy: The members/followers/readers, those who invested near 16600-16400, try to book full profit near 17800-17960 levels in the Nifty Index or the stocks that you have bought gives 9.15 profit then, book profit and wait for further down move to invest further near 16700-16400 levels in Nifty100 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.