14.01.22-Friday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a flat note at 18257, our expected opening band i.e.,18250-18300, on opening move, the Index made a day low 18163.80 thereafter, the Index moved up, made a day high 18272.25 and closed at 18257.80, on a positive note with an intra gain 45.45 points, i.e., 0.25%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to positive note near 18250-18225-18210 if open, trade and sustain above 18250-18270 then, the Index may try to test 18300-18325-18340-18355-18375-18385-18425-18455-18480 levels. On the other hand, the immediate support lies at 18200-18165 if, the Index moves below 18165 then, it may visit 18140-18115-18090-18065-18035-18000-17965 levels.

Special Mention: Yesterday, the Nifty Index continued its pull back rally beyond our threshold levels, i.e., 18245 and closed just above 18255 levels; today, the Index may try to move above 18257-18300 levels, further pull back rally above 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 18255-18275 and moves below 18200-18165 then, the Index may try to re-visit 18055-17965-17880 levels very soon. Let see, how the Index opens today at 18250-18225-18200 levels. The Intra volatility may be in a high note due to today's week-end factor, we can expect a technical sell-off till 17960-17940, it may happen either today or next week and aviod agressive long position. 

Nifty Bank Index: Nifty Bank index yesterday, opened at 38717.55 on the opening move, it made a day open and high at the same levels, i.e., 38717.55 thereafter, it moved down, made a day low 38376.15 and closed on a negative note at 38469.95 with an intra loss -257.60 points, i.e,,-0.67%, today the Nifty Bank Index must move above 38600-38850, if to do so, then it may try to re-test 39195-39370-39540-39675 levels. On the other hand, any weakness near 38400-38325 and moves below 38325 then, the Index may re-visit 38210-38095-37925-37860-37680-37500 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 and adopt buy on dips strategy till 17900-17500 levels.

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.