20.01.22-Thursday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a flat note at 18129.20, our expected opening band i.e.,18110-18145, on opening move, the Index made a day high 18129.20 thereafter, the Index moved down with a highly volatilie move, made a day low 17884.90 and closed at 17938.40, on a negative note with an intra loss -174.65 points, i.e., -0.96%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to negative note near 17940-17910 if open, trade and sustain above 17940-17995 then, the Index may try to test 18020-18060-18090-18115-18130-18145-18195-18215-18250 levels. On the other hand, the immediate support lies at 17885-17850 if, the Index moves below 17850 then, it may visit 17820-17785-17740-17700-17660 levels.

Special Mention: Yesterday, the Nifty Index moved down beyond our threshold support levels, i.e., 17960, made a low 17884.20 and closed well below 17960 levels; today, the Index may try to move above 17960-17995 levels, further move above 17995-18060 then, the Index may continue it's up move to re-test 18220-18350-18460 levels in the near term. On the other hand if, the Index fails to move above 18060-18130 and moves below 17915-17885 then, the Index may try to re-visit 17820-17740-17660 levels very soon. Let see, how the Index opens today at 17940-17910 levels. The intra volatility already in elevated levels, today we can witness more volatility, due to today's option weekly expiry and tomorrow's week-end factor. 

Nifty Bank Index: Nifty Bank index yesterday, opened at 38145.75, on the opening move, it made a day high 38330.50 thereafter, it moved down, made a day low 37769.25 and closed on a negative note at 38041.35 with an intra loss -168.95 points, i.e,,-0.44%, today the Nifty Bank Index must move above 38140-38185, if to do so, then it may try to re-test 38210-38260-38330-38375-38440-38485-38535-38620-38670-38730 levels. On the other hand, any weakness near 38140-38185 or if, moves below 37985-37900 then, the Index may re-visit  37835-37770-37710-37685-37620-37580-37500-37300 levels.

Trading Strategy: The members/followers/readers, those who booked profit near 18350 levels, try to start re-nvest near 17900-17685 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.