01.04.22-Friday, 08.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a flat to positive note at 17519.20, our expected opening band 17495-17520-17550, on opening move, the Index made a day high 17559.80; thereafter, it moved up, made a day low 17435.20 and closed at 17464.75, on a negative with an intra loss -33.50 points, i.e., -0.19%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on a flat to positive note near 17465-17495 levels; if open, trade and sustain above 17495 then, the index re-test 17520-17560-17585-17610-17650-17680-17710-17740-17795 levels. On the other hand, the immediate support lies at 17435-17390 if, the Index moves below 17390 then, it may try to re-visit 17345-17315-17280-17245-17215-17175-17135-17080-17040-17000 levels.

Special Mention: Yesterday, the Nifty Index able to continue the pull back rally above 17355, made a high 17559.80 levels and closed well above 17442; today, the Nifty Index may try to move above 17560-17595 levels; if move and sustain above 17595 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 17560 levels and moves below 17440-17385 levels then, the Nifty Index may re-visit 17200-17000 levels in the near term. Let see, how the Index opens today at  levels. The Intra volatiliy may be in a high note, due to today's week-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 36440-36590 levels; if to do so, then it may try to re-test 36675-36825-36970-37145-37320-37500-37775 levels. On the other hand, any weakness near 36440-36590; further, it moves below 36295-36135 then, the Index may re-visit 36030-35925-35815-35710-35575-35445-35230-35015 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.