25.01.22-Tuesday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a negative note at 17575.15, our expected opening band i.e.,17555-17525, on opening move, the Index made a day high 17599.40 thereafter, the Index moved down throughout the day, made a day low 16697.85 and closed at 17149.10 on a negative note with an intra loss -468.05 points, i.e., -2.66%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to negative note near 17010-16995-16940 if open, trade and sustain above 17065-17100 then, the Index may try to test 17150-17185-17255-17285-17315-17355-17385-17415 levels. On the other hand, the immediate support lies at 16910-16885 if, the Index moves below 16885 then, it may visit 16840-16785-16755-16688-16640 levels.

Special Mention: Yesterday, the Nifty Index moved down beyond our threshold support levels, i.e., 17380-17150, made a low 16997.85 and closed near 17150 levels; today, the Index may try to take support near 16950-16885-16835 levels, further move below 16835 then, the Index may continue it's sell-off to re-visit 16750-16688-16550-16410 levels very soon. On the other hand if, the Index takes support near 16950-16888-16835 and moves above 17010-17150 then, it may try to re-test 17285-17350-17485-17600 levels in the near term. Let see, how the Index opens today at 17010-16995-16940 levels. The intra volatility already in elevated levels, the volatility may rule the Index, due to tomorrow's holiday on account of Republic day and F&O Expiry on Thursday and week-end factor. 

Nifty Bank Index: Nifty Bank index yesterday, opened at 37601.95, on the opening move, it made a day high 37694.70 thereafter, it moved down, made a day low 36375.35 and closed on a negative note at 36947.55 with an intra loss -626.75 points, i.e,,-1.67%, today the Nifty Bank Index must move above 36880-36960-37035, if to do so, then it may try to re-test 37150-37320-37415-37470-37615-37695-37760-37910-38035 levels. On the other hand, any weakness near 36880-36960 or if, moves below 36545-36375 then, the Index may re-visit 36270-36135-36020-35995-35825-35660-35530-35475 levels.

Trading Strategy: The members/followers/readers, those who booked profit near 18350 levels, try to start re-invest near 17000-16680-16410 levels in Nifty100 stocks with medium term perspective to gain 9-15%.

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.