25.04.22-Monday, 08.49 am

Good Morning Members

What has happened on Friday? Nifty Index, as expected and written opened on a negative note with gap down at 17242.75, our expected opening band 17290-17215, on opening move, the Index made a day high 17315: thereafter, it moved down, made a day low  17149.20 and closed at 17171.95, on a negative with an intra loss -220.65 points, i.e., -1.27%.

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 17050-16965 levels; if open, trade and sustain above 17050 then, the index re-test 17105-17150-17190-17215-17240-17290-17315-17345 levels. On the other hand, the immediate support lies at 17050-17000-16965, if the Index moves below 16965 then, it may try to re-visit 17120-17085-17050-17705-16965-16875-16825 levels.

Special Mention: On Friday, the Nifty Index unable to continue the upward move and moved down and closed very well below 17275 at 17171.95, today, the Nifty Index may try to take support near 17050-16960 if, moves up and sustain above 17240--17315 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 17050-17000-16965 then, it may try to re-visit 16895-16825-16750 levels very soon. Let see, how the Index opens today at 17050-16965 levels. This week, the Intra volatility may be in a high note, due to F&O expiry. 

Nifty Bank Index: Nifty Bank Index yesterday, opened in 36514.15, on the opening move, it made a day high 36578.95; thereafter, it moved down, made a day low 35991.50 and closed on a negative note at 36044.75 with an intra loss -771.35 points, i.e., -2.10%, today the Nifty Bank Index must move above 36130-36215 levels; if to do so, then it may try to re-test 36355-36410-36515-36590-36670-36890 levels. On the other hand, any weakness near 36130-36215; further, it moves below 35925-35830 then, the Index may re-visit 35690-35460-35320-35120-35050 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

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Wishing you for a safe, secured and profitable trading.