13.01.22-Thursday, 8.46 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a flat note at 18170.40 our expected opening band i.e.,18135-18155-18190, on opening move, the Index made a day low 18128.80 thereafter, the Index moved up, made a day high 18227.95 and closed at 18212.35, on a positive note with an intra gain 156.60 points, i.e., 0.87%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a positive note near 18250-18300 if open, trade and sustain above 18300 then, the Index may try to re-test 18325-18340-18355-18375-18385-18425-18455-18480 levels. On the other hand, the immediate support lies at 18225-18200 if, the Index moves below 18200 then, it may re-visit 18160-18130-18100-18080-10855-18011-17965 levels.

Special Mention: Yesterday, the Nifty Index continued its pull back rally beyond our threshold levels, i.e., 18210 and closed just above 18210 levels; today, the Index may try to move above 18245-18300 levels, further pull back rally above 18245-18300 then, the Index may continue its's up move to re-test 18350-18460-18600 levels in the near term. On the other hand if, the Index fails to move above 18300-18350 and moves below 18225-18160 then, the Index may try to re-visit 18055-17965-17880 levels very soon. Let see, how the Index opens today at 18250-18300 levels. The Intra volatility may be in a high note due to today's option weekly expiry and tomorrow's week-end factor.  

Nifty Bank Index: Nifty Bank index yesterday, opened at 38719.60 on the opening move, it made a day low 38604.60 thereafter, it moved up, made a day high 38851.45 and closed on a postive note at 38727.55 with an intra gain 285.35 points, i.e,,0.74%, today the Nifty Bank Index must move above 388-39120, if to do so, then it may try to re-test 39195-39370-39540-39675 levels. On the other hand, any weakness near 38850-39120-39195 and moves below 38780-38680 then, the Index may re-visit 38605-38500-38385-38095-37925 levels.

Trading Strategy: The members/followers/readers, those who invested near 17650 start book profit  partially near 18250-18350 levels and wait for 18460-18600 to book full profit.

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.