22.04.22-Friday, 08.34 am

Good Morning Members

What has happened yesterday? Nifty Index, opened on a positive note 17234.60, our expected opening band 17185-17245, on opening move, the Index made a day low 17215.50; thereafter, it moved up, made a day high 17414.70 and closed at 17392.60, on a positive with an intra gain 256.05 points, i.e., 1.49%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on a negative note with a gap down by tracking Asian Indices near 17290-17215 levels; if open, trade and sustain above 17290 then, the index re-test 17320-17395-17415-17450-17490-17545 levels. On the other hand, the immediate support lies at 17220-17185, if the Index moves below 17185 then, it may try to re-visit 17120-17085-17050-17705-16965-16875-16825 levels.

Special Mention: Yesterday, the Nifty Index continued the upward move and tested near our threshold resistance levels i.e, 17445 made a high at 17414 and closed very well above 17275; today, the Nifty Index may try to take support near 17240-17190 if, moves up and sustain above 17275-17360 levels; then, the Index tries to re-test 17450-17550-17665 levels in the near term. On the other hand, if the Index unable to take support 17160 then, it may try to re-visit 17120-17050-16965-16825 levels very soon. Let see, how the Index opens today at 17290-17215 levels. The Intra volatility may be in a high note, due to-day's week-end factor. 

Nifty Bank Index: Nifty Bank Index yesterday, opened in 36513.10, on the opening move, it made a day low 36395.70; thereafter, it moved up, made a day high 36913.35 and closed on a positive note at 36816.10 with an intra gain 501.20 points, i.e., 1.38%, today the Nifty Bank Index must move above 36850-36915 levels; if to do so, then it may try to re-test 37085-37125-37200-37385-37465-37545 levels. On the other hand, any weakness near 36850-36915; further, it moves below 36700-36625  then, the Index may re-visit 36535-36440-36310-36230-36160-36045-36925 levels.

Trading Strategy: The members/followers/readers, those who bouhgt near 16800 levels, try to book parial profit neear 17400-17660 in Nifty50  levels or the stock that your have bought gives profit 5-9% then book the partial 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, visit 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.