25.03.22-Friday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, contrary to our expectation, opened on a negative note at 17094.95, our expected opening band 17250-17290-17310, on opening move, the Index made a day low 17091.15; thereafter, it moved up, made a day high 17291.75 and closed at 17222.75, on a negative note with an intra loss -22.90 points, i.e., -0.13%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on flat to  positive note near 17255-17290 levels; if open, trade and sustain above 17290 then, the index re-test 17315-17345-17370-17395-17415-17440-17475-17505-17550-17595-17640 levels. On the other hand, the immediate support lies at 17190-17165-17150 if, the Index moves below 17150 then, it may try to re-visit 17135-17115-17065-17035-16995-16960-16925-16885 levels.

Special Mention: Yesterday, the Nifty Index unable to continue the pull back rally above 17355, made a low 17090 levels and closed well below 17355; today, the Nifty Index may try to move above 17290-17345 levels; if move and sustain above 17345 levels then, the Index try to re-test 17450- 17550-17650-17795 levels in the near term. On the other hand, if the Index unable to move above 17290-17350 levels and moves below 17165-17150-17090 levels then, the Nifty Index may re-visit 17000-16800 levels in the near term. Let see, how the Index opens today at 17255-17290 levels; the intra volatility may be in a higher level due to today's  week-end factor, trade with due caution and avoid aggressive short position or long position, is my advice at this juncture.

Nifty Bank Index: Nifty Bank Index yesterday, opened at 35633.70, on the opening move, it made a day high 35957.70; thereafter, it moved down, made a day low 35421.70 and closed on a negative note at 35527.10 with an intra loss -620.25 points, i.e., -1.72%, today the Nifty Bank Index must move above 35630-35750 levels; if to do so, then it may try to re-test 35840-35960-36055-36105-36195-36275-36400-36515-36660 levels. On the other hand, any weakness near 35630-35750 if,moves below 35420-35385-35275 then, the Index may re-visit 35140-34940-34740-34580-34420-34260-34100 levels.

Trading Strategy: The members/followers/readers, those who invested near 16900-15700 levels, try to book full profit near 17440-17790 levels  or the stocks that you have invested gives profit 9-15-20% then book profit.

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

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Wishing you for a safe, secured and profitable trading.