09.03.22-Wednesday, 8.46 am

Good Morning Members

What has happened yesterday? Nifty Index, opened on a positive at 15747.75, on opening move, the Index made a day low 15671.45; thereafter, it moved up, made a day high 16028.75 and closed at 16013.45 on a positive note with an intra gain 150.30 points, i.e., 0.95%.

What will happen today? 

Nifty Index: Today, the Nifty Index may open on a flat to negative note near 16010-15945-15925 levels; if open, trade and sustain below 15925 then, the index re-visit 15890-15850-15810-15780-15755-15711-15690-15670-15620-15575 levels. On the other hand, the immediate resistance seen at 16025-16065 if, the Index moves above 16065 then, it may try to re-test 16105-16130-16175-16205-16245-16275-16310 levels.

Special Mention: Yesterday, the Nifty Index moved down till 15671, the intra pull back lifted the Index & closed above 16k; today, the Nifty Index may try to take support near 15945-15810 levels; if, the Index trades and sustain above 16025-16110 levels then, the Index may re-test 16205-16350-16480 levels in the near term. On the other hand, if the Index moves below 15945-15810 then, the Nifty Index may re-visit 15750-15670-15515 levels very soon. Let see, how the Index opens today at 16010-15945-15910 levels, the intra volatility may be in a higher level due to tomorrow's option weekly expiry and Friday's week-end factor, trade with due caution is my advise at this juncture.

Nifty Bank Index: Nifty Bank Index yesterday, opened at 32575.60, on the opening move, it made a day low 32251.35; thereafter, it moved up, made a day high 33361.55 and closed on a positive note at 33253.90 with an intra gain 278.50 points, i.e., 0.84%, today the Nifty Bank Index must move above 33135-33265 levels; if to do so, then it may try to re-test 33355-33450-33575-33625-33690-33765-33980 levels. On the other hand, any weakness near 33135-33265 if, moves below 33025-32940 then, the Index may re-visit  32845-32710-32645-32580-32415-32285-32155-32000-31850 levels.

Trading Strategy: The members/followers/readers, those who booked profit near 17500 levels, try to re-invest near 15900-15700-15500 levels in top Nifty100 stocks for a short to medium term perspective to gain 6-9% in the near term.

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.