14.02.22-Monday, 8.34 am

Good Morning Members

What has happened on Friday? Nifty Index, as expected and written, opened on a negative note with gap down at 17451, our expected opening band i.e.,17510-17470, on opening move, the Index made a day high at 17457.75; thereafter, it  moved down, made a day low 17303 further, it moved near day high and closed at 17374.75,on a negative note with an intra loss -260.30 points, i.e., -1.48%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a negative note with gap down  by tracking the Asian Indices, near 17310-17245-17210 levels; if open, trade and sustain below 17200 then, the Index may try to re-visit 17185-17150-17135-17085-17065-17045-17005-16950-16920-16885-16850-16835 levels. On the other hand, the immediate resistance seen at 17340-17410 if, the Index moves above 17410 then, the index may try to re-test 17455-17495-17515-17550-17575-17605-17640 levels.

Special Mention: On Friday, the Nifty Index unable to continue the pull back rally beyond our threshold level i.e., 17575, moved down till 17303 and closed well below17575; today, the Index may face strong hurdle at 17375-17450, if moves above 17450 then. the pull back rally may continue to test 17640-17795-18085-18180 levels in the near term. On the other hand, if the Index unable to move above 17375-17450 and moves below 17260-17210 then, it may try to re-visit 17185-17045-16950-16835 levels very soon.  Let see, how the Index opens today at 17310-17245-17210 levels. 

Nifty Bank Index: Nifty Bank index on Friday, opened at 38567.65, on the opening move, it made a day high 38790.25 thereafter, it moved up, made a day day low 38396.40 and closed on a negative note at 38517.25 with an intra loss -493.70 points, i.e,,-1.27%, today the Nifty Bank Index must move above 38590-38640 if to do so, then it may try to re-test 38720-38790-38895-38925-38985-39200--39290-39380-39425-39540 levels. On the other hand, any weakness near 38590-38640 or if, moves below 38400-38290 then, the Index may re-visit 38150-38040-37900-37770-37655-37540-37430-37320-37095 levels.

Trading Strategy: The members/followers/readers, those who booked a partial or full profit near 17600-17800 levels in the recent run, try to re-invest near 17200-17000-16800 levels in the top Nifty100  stocks for a short to medium term perspective to gain a profit 5-10%.

To, 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.