28.03.22-Monday, 08.34 am

Good Morning Members

What has happened on Friday? Nifty Index, as expected and written, opened on a positive note at 17289, our expected opening band 17255-17290, on opening move, the Index made a day high 17294.90; thereafter, it moved down, made a day low 17076.55 and closed at 17153, on a negative note with an intra loss -69.75 points, i.e., -0.40%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on flat to positive note near 17195-17230 levels; if open, trade and sustain above 17230 then, the index re-test 17250-17270-17295-17325-17355-17390-17420-17445 levels. On the other hand, the immediate support lies at 17160-17125 if, the Index moves below 17125 then, it may try to re-visit 17100-17075-17045-17015-16995-16960-16925-16890-16845 levels.

Special Mention: On Friday, the Nifty Index unable to continue the pull back rally above 17355, made a low 17076 levels and closed well below 17355; today, the Nifty Index may try to move above 17200-17250 levels; if move and sustain above 17250 levels then, the Index try to re-test 17350-17445-17550-17650 levels in the near term. On the other hand, if the Index unable to move above 17200-17250 levels and moves below 17075-17020-17000 levels then, the Nifty Index may re-visit 16800-16695-16470 levels in the near term. Let see, how the Index opens today at 17195-17230 levels.

Nifty Bank Index: Nifty Bank Index on Friday, opened at 35700.40, on the opening move, it made a day high 35717.40; thereafter, it moved down, made a day low 35203.85 and closed on a negative note at 35410.10 with an intra loss -117 points, i.e., -0.33%, today the Nifty Bank Index must move above 35485-35570 levels; if to do so, then it may try to re-test 35655-35715-35855-35935-36020-36105-36190-36275-36340-36405-36520-36660-36825 levels. On the other hand, any weakness near 35485-35570; further, it,moves below 35325-35203 then, the Index may re-visit 35135-35065-34940-34740-34580-34420-34260-34095 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

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.