27.06.22-Monday-8.47 am

Good Morning Members

What has happened on Friday? Nifty Index, as expected and written, opened on a positive note with gap up at 15657.40, our expected opening band 15590-15630-15665 on opening move, the Index made a day high 15749.25; thereafter, it moved down, made a day low 15619.25, further it moved up near day high and closed at 15699.25, on a positive note with an intra gain 142.60 points, i.e., 0.92%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on a positive note with gap up near 15785-15800-15835 levels; if open, trade and sustain above 15835 then, the index may re-test 15865-15905-15945-15985-16025-16060-16110-16170 levels. On the other hand, the immediate support lies at 15550-15495; if, the Index moves below 15495 then, it may try to re-visit  15470-15430-15395-15365-15330-15295-15245 levels.

Special Mention: Friday, the Nifty Index, continued the pull ack and moved till 15749 and closed very well above 15630, today the Nifty Index must move above 15835-15885 levels; if to do so then, the index may re-test 15990-16170 levels in the near term. On the other hand, if the Index unable to move above 15835-15885-15905 then, it may try to re-visit 15630-15370 levels very soon; if, the Nifty Index moves and closes above 15865 for three conescutive trading sessions then, it may re-test 16170-16490 levels in the near term. Let see, how the Index opens today at 15785-15800-15835 levels, this week the intra volatility may be in a high note due to F&O expiry, trade with due caution till Jun'22 or second week of Jul'22, avoid aggressive long or short positions.

Nifty Bank Index: Nifty Bank Index on Friday, opened at 33434.80, on the opening move, it made a day low 33390.85; thereafter, it moved up, made a day high 33721.90 and closed on a positive note at 33627.45 with an intra gain 492.45 points, i.e., 1.49%, today the Nifty Bank Index must move above 33825-33950-34065 levels; if to do so, then it may try to re-test 34135-34175-34355-34535 levels. On the other hand, any weakness near 33825-33950-34065; further, it moves below 33720-33580 then, the Index may re-visit 33390-33300-32650-32545-32440-32300 levels.

Trading Strategy: The members/followers/readers, those who re-invested near 15350-15200 try to booke partial profit near 15900-16170 or the stocks given profit 6-9%.

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.