17.01.22-Monday, 8.34 am

Good Morning Members

What has happened on Friday? Nifty Index, contrary to our expectation, opened on a negative note at 18185, our expected opening band i.e.,18250-18225-18210, on opening move, the Index made a day low 18119.65 thereafter, the Index moved up, made a day high 18286.95 and closed at 18255.75, on a flat to negative note with an intra marginal loss -2.05 points, i.e., -0.01%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to negative note near 18250-18200 if open, trade and sustain above 18250-18285 then, the Index may try to test 18300-18330-18355-18375-18385-18425-18460-18495 levels. On the other hand, the immediate support lies at 18185-18160 if, the Index moves below 18160 then, it may visit 18140-18120-18105-18090-18075-18045-18010-17970 levels.

Special Mention: On Friday, though the Nifty Index showed some weakness, some profit booking dragged the Index till 18119,  but moved again till 18286 and closed well above 18250 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 18255-18285 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 18250-18200 levels. 

Nifty Bank Index: Nifty Bank index on Friday, opened at 38302.35 on the opening move, it made a day low 38007.75 thereafter, it moved up, made a day high 38448.05 and closed on a negative note at 38370.40 with an intra loss -99.55 points, i.e,,-0.26%, today the Nifty Bank Index must move above 38375-38450, if to do so, then it may try to re-test 38565-38670-38755-38850-39080-39195 levels. On the other hand, any weakness near 38330-38210 and moves below 38175 then, the Index may re-visit 38135-38100-38060-38010-37880-37820-37630 levels.

Trading Strategy: The members/followers/readers, those who invested near 17650 start book profit near 18250-18350-18500 levels and wait for further dips to re-invest again near 17950-17700 levels in Nifty100 stocks with 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/mar5ketupdate/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.