29.03.22-Tuesday, 08.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a positive note at 17181.85, our expected opening band 17195-17230, on opening move, the Index made a day low 17006.90; thereafter, it moved up, made a day high 17235.10 and closed at 17222, on a positive note with an intra gain 69 points, i.e., 0.40%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on flat to positive note near 17295-17340-17370 levels; if open, trade and sustain above 17370 then, the index re-test 17395-17442-17495-17520-17550 levels. On the other hand, the immediate support lies at 17235-17185 if, the Index moves below 17185 then, it may try to re-visit 17165-17145-17120-17090-17055-17030-17005-16940 levels.

Special Mention: Yesterday, the Nifty Index unable to continue the pull back rally above 17355, made a low 17003.90 levels and closed well below 17355; today, the Nifty Index may try to move above 17245-17295 levels; if move and sustain above 17295 levels then, the Index try to re-test 17445-17650-17795 levels in the near term. On the other hand, if the Index unable to move above 17295-17345 levels and moves below 17235-17170 levels then, the Nifty Index may re-visit 17000-16735-16470 levels in the near term. Let see, how the Index opens today at 17195-17230 levels.

Nifty Bank Index: Nifty Bank Index yesterday, opened at 35488.70, on the opening move, it made a day low 35016.30; thereafter, it moved up, made a day high 35770.80 and closed on a positive note at 35710.50 with an intra gain 300.40 points, i.e., 0.85%, today the Nifty Bank Index must move above 35770-35920-35975 levels; if to do so, then it may try to re-test 36135-36215-36295-36370-36440-36530-36620-36720-36825-36970 levels. On the other hand, any weakness near 35770-35920-35975; further, it moves below 35550-35395 then, the Index may re-visit 35230-35015-34810-34740-34580-34420 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.