28.01.22-Friday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a negative note with gap down at 17062, our expected opening band i.e.,17075-17000-16950, on opening move, the Index made a day low 16866.75 thereafter, the Index moved up throughout the day, made a day high 17182.50 and closed at 17110.15 on a negative note with an intra loss -167.80 points, i.e., -0.97%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat note near 17110-17090-17060 if open, trade and sustain above 17075-17110-17125 then, the Index may try to test 17150-17185-17215-17240-17265-17285-17310-17340-17375-17415-17435 levels. On the other hand, the immediate support lies at 17045-17025-17005 if, the Index moves below 17005 then, it may visit 16985-16965-16940-16905-16866-16836-16780-16740-16710-16688 levels.

Special Mention: Yesterday, the Nifty Index moved down once again till our threshold support levels, i.e., 16835, made a low 16866.75 further, moved up till 17182.50 and closed well below 17150 levels; today, the Index may try to take support near 17045-17010-16985 levels, further move below 16985 then, the Index may continue it's sell-off to re-visit 16835-16710-16688-16550-16410 levels very soon. On the other hand if, the Index takes support near 17045-17010-16985 and moves above 17090-17120-17150 then, it may try to re-test 17310-17485-17600 levels in the near term. Let see, how the Index opens today at 17110-17090-17045 levels. The intra volatility already in elevated levels, today the intra volatility may rule the Index, due to week-end factor. 

Nifty Bank Index: Nifty Bank index on Tuesday, opened at 37058.20, on the opening move, it made a day low 37012.25 thereafter, it moved up, made a day high 38147.65 and closed on a positive note at 37982.10 with an intra gain 275.35 points, i.e,,0.73%, today the Nifty Bank Index must move above 38020-38095, if to do so, then it may try to re-test 38145-38170-38220-38330-38395-38460-38540-38615-38715-38785-38855 levels. On the other hand, any weakness near 38095-38145-38170 or if, moves below 37815-37715 then, the Index may re-visit 37645-37580-37445-37360-37280-37150-37040-36960-35850-36740-36670 levels.

Trading Strategy: The members/followers/readers, those who invested in Nifyt100 stocks near 17000-16850 levels, try to start book partial profit if Nifty Index not moves above 17150-17300 levels or the stocks that gives 4-6% profit.

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.