19.01.22-Wednesday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a positive note at 18337.20, our expected opening band i.e.,18300-18321-18350, on opening move, the Index made a day high 18350.95 thereafter, the Index moved down throughout the day, made a day low 18085.90 and closed at 18113.05, on a negative note with an intra loss -195.05 points, i.e., -1.07%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat note near 18110-18145 if open, trade and sustain above 18145 then, the Index may try to test 18185-18220-18250-18275-18295-18320-18350 levels. On the other hand, the immediate support lies at 18085-18040 if, the Index moves below 18040 then, it may visit 18015-18000-17970-17945-17920-17870-17820 levels.

Special Mention: Yesterday, the Nifty Index moved up near our threshold resistance levels , i.e., 18355, made a high 18350.95, the intra sell-off dragged the index till 18085.90 and closed well below 18120 levels; today, the Index may try to move above 18220-18270 levels, further pull back rally above 18270 then, the Index may continue it'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 18220-18270 and moves below 18085-18000-17970 then, the Index may try to re-visit 17880-17740-17660 levels very soon. Let see, how the Index opens today at 18110-18145 levels. The intra volatility already in elevated levels, today some kind of consolidation move may happen with volatility, due to tomorrow's option weekly expiry and Friday's week-end factor. 

Nifty Bank Index: Nifty Bank index yesterday, opened at 38337.40, on the opening move, it made a day high 38855.55 thereafter, it moved down, made a day low 38095.40 and closed on a negative note at 38210.30 with an intra loss -5.85 points, i.e,,-0.02%, today the Nifty Bank Index must move above 38275-38385, if to do so, then it may try to re-test 38475-38565-38630-38690-38765-38815-38855-39060 levels. On the other hand, any weakness near 38275-38385 or if, moves below 38095-38000 ten, the Index may re-visit 37890-37860-37685-37500-37300-37090 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/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.