11.01.22-Tuesday, 8.54 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a positive note at 17913.30, our expected opening band i.e.,17845-17870-17900, on opening move, the Index made a day low 17879.15 thereafter, the Index moved up, made a day high 18017.45 and closed at 18003.30, on a positive note with an intra gain 191.90 points, i.e., 1.07%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat note near 18000-18025 if open, trade and sustain above 18025 then, the Index may try to re-test 18055-18070-18095-18135-18155 levels. On the other hand, the immediate support lies at 17975-17940 if, the Index moves below 17940 then, it may re-visit 17910-17880-17840-17790 levels.

Special Mention: Yesterday, the Nifty Index continued its pull back rally beyond our threshold resistance levels, i.e., 17960 and closed above 18k mark; today, the Index may try to move above 18050 levels, further pull back rally above 18050 then, the Index may continue its's up move till 18090-18135-18245 levels in the near term. On the other hand if, the Index fails to move above 18050 and moves below 17960-17910 then, the Index may try to re-visit 17840-17790-17660 levels very soon. Let see, how the Index opens today at 1800-18025 levels. 

Nifty Bank Index: Nifty Bank index yesterday, opened at 37930.55, on the opening move, it made a day low 37929.35 thereafter, it moved up, made a day high 38400.35 and closed on a postive note at 38347.90 with an intra gain 608.30 points, i.e,,1.61%, today the Nifty Bank Index must move above 38400-38460, if to do so, then it may try to re-test 38550-38730-38925-39110 levels. On the other hand, any weakness near 38460-38370 and moves below 38160-38060 then, the Index may re-visit 37960-337820-37510-37430-37235 levels.

Trading Strategy: The members/followers/readers, those who booked profit near 17960 levels in the Nifty Index, may start to re-invest partially near 17650-17400-17250 level in the Nifty100 stocks for short to medium term perspective to gain 5-10%.

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.