31.03.22-Thursday, 08.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a positive note with gap up at 17468.15, our expected opening band 17395-17445-17495, on opening move, the Index made a day low 17387.20; thereafter, it moved up, made a day high 17552.50 and closed at 17498.25, on a positive note with an intra gain 172.95 points, i.e., 1.00%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on a flat to positive note near 17495-17520-17550 levels; if open, trade and sustain above 17540 then, the index re-test 17560-17585-17610-17650-17680-17710-17740-17795 levels. On the other hand, the immediate support lies at 17450-17421 if, the Index moves below 17421 then, it may try to re-visit 17370-17325-17265-17230-17200-17170-17130-17080-17040-17000 levels.

Special Mention: Yesterday, the Nifty Index able to continue the pull back rally above 17355, made a high 17522 levels and closed well above 17355; today, the Nifty Index may try to move above 17500-17550 levels; if move and sustain above 17550 levels then, the Index try to re-test 17650-17795 levels in the near term. On the other hand, if the Index unable to move above 17500-17550 levels and moves below 17420-17355 levels then, the Nifty Index may re-visit 17200-17000 levels in the near term. Let see, how the Index opens today at 17495-17520-17550 levels. The Intra volatiliy may be in a high note, due to today's F&O Expiry and month-cum-quarterly end factor, try to avoid aggressive long or short position till this week-end. 

Nifty Bank Index: Nifty Bank Index yesterday, opened at 36421.55, on the opening move, it made a day low 36070.55; thereafter, it moved up, made a day high 36421.10 and closed on a positive note at 36334.30 with an intra gain 486.90 points, i.e., 1.36%, today the Nifty Bank Index must move above 36420-36515 levels; if to do so, then it may try to re-test 36595-36645-36710-36825-36970-37145-37300 levels. On the other hand, any weakness near 36420-36515; further, it moves below 36200-36070 then, the Index may re-visit 35975-35920-35815-35710-35575-35445-35230-35015 levels.

Trading Strategy: The members/followers/readers, those who invested near 16900-15700 levels, try to book full profit near 17550-17790 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.