18.01.22-Tuesday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a negative note at 18235.65, our expected opening band i.e.,18250-18200, on opening move, the Index made a day low 18228.75 thereafter, the Index moved up, made a day high 18321.55 and closed at 18308.10, on a positive note with an intra gain 52.35 points, i.e., 0.29%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to positive note near 18300-18321-18335 if open, trade and sustain above 18335 then, the Index may try to test 18355-18370-18385-18425-18460-18495 levels. On the other hand, the immediate support lies at 18285-18260-18230 if, the Index moves below 18230 then, it may visit 18205-18170-18140-18125-18095-18065-18045-18017-17970 levels.

Special Mention: Yesterday, the Nifty Index moved up again near our threshold resistance levels , i.e., 18355, made a high 18321.55 and closed well above 18300 levels; today, the Index may try to move above 18335-18355 levels, further pull back rally above 18355 then, the Index may continue it's up move to re-test 18460-18600 levels in the near term. On the other hand if, the Index fails to move above 18335-18355 and moves below 18285-18230 then, the Index may try to re-visit 18120-18055-17965-17880 levels very soon. Let see, how the Index opens today at 18300-18321-18335 levels. 

Nifty Bank Index: Nifty Bank index yesterday, opened at 38212.55, on the opening move, it made a day high 38617.50 thereafter, it moved down, made a day low 38138.25 and closed on a negative note at 38216.15 with an intra loss -154.25 points, i.e,,-0.40%, today the Nifty Bank Index must move above 38320-38445, if to do so, then it may try to re-test 38515-38560-38615-38755-38850-39080-39195 levels. On the other hand, any weakness near 38200-38138 and moves below 38138 then, the Index may re-visit 38110-38095-37930-37865-37680-37500 levels.

Trading Strategy: The members/followers/readers, those who invested near 17650 start book profit near 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.