12.07.22-Tuesday-8.34 am

 Good Morning Members

What has happened on yesterday? Nifty Index, as expected and written, opened on a negative note with gap down at 16136.15, our expected opening band 16160-16125 on opening move, the Index made a day low 16115.50; thereafter, it moved up, made a day high 16248.55 and closed at 16216, on a flat to negative note with an intra loss -4.60 points, i.e., -0.03%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on a negative note near 16145-16110-16080 levels; if open, trade and sustain above 16195-16210 then, the index may re-test 16245-16280-16305-16325-16385 levels. On the other hand, the immediate support at 16080-16050; if, the Index moves below 16050 then, it may try to re-visit 16025-15985-15930-15895-15800 levels.

Special Mention: Yesterday, the Nifty Index, unable to continue the northward journey beyond our threshold resistance levels i.e., 16275 and closed above 16160 levels, today the Nifty Index must move and close above 16210-16250-16275 levels; if to do so then, the index may re-test 16320-16490 levels in the near term. On the other hand, if the Index unable to move and closes above 16210-16250-16320 then, it may try to re-visit 16025-15930-15660 levels very soon, as written yesterday, the tehnical sell-off dragged the Index till 16115, if the index moves below 16110 then, it may re-visit 16025-15930 levels very soon. Let see, how the Index opens today at 16145-16110-16080 levels, this week the intra volatility may be in a high note due to the India inc. corporate quarterly results and weak global cues, trade with due caution till Jul'22,, avoid aggressive long and short positions.

Nifty Bank Index: Nifty Bank Index yesterday, opened at 35017.60, on the opening move, it made a day low 35006.55 thereafter, it moved up, made a day high 35543.10 and closed on a postive note at 35469.65 with an intra gain 345.60 points, i.e., 0.98%, today the Nifty Bank Index must move above 35545-35650 levels; if to do so, then it may try to re-test 35760-35850-35960-36085 levels. On the other hand, any weakness near 35545-35650; further, it moves below 35400-35260 then, the Index may re-visit 35130-35015-34860-34820-34710-34600-34400 levels.

Trading Strategy: The members/followers/readers, those who re-invested near 15350-15200 try to book profit near 16250-16320-16490 or the stocks given profit 9-15%.

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.