14.07.22-Thursday-8.34 am

Good Morning Members

What has happened on yesterday? Nifty Index, as expected and written, opened on a positive note at 16128.70, our expected opening band 16120-16145 on opening move, the Index made a day high 16140; thereafter, it moved down, made a day low 15950.15 and closed at 15966.65, on a negative note with an intra loss -91.65 points, i.e., -0.57%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on a flat note near 15985-15950 levels; if open, trade and sustain above 15985-16005 then, the index may re-test 16026-16045-16080-16105-16125-16140-16165-16190-16205-16240-16275 levels. On the other hand, the immediate support at 15950-15900; if, the Index moves below 15900 then, it may try to re-visit 15885-15855-15820-15795-15750 levels.

Special Mention: Yesterday, the Nifty Index, as expected and written on 11th July, the technical sell-off dragged till our next threshold support levels i.e., 15950-15900, made a low 15950 and closed near 15950 levels, today the Nifty Index must move and close above 16050-16110 levels; if to do so then, the index may re-test 16250-16320-16490 levels in the near term. On the other hand, if the Index unable to move and closes above 16050-16110 then, it may try to re-visit 15890-15690-15510 levels very soon. Let see, how the Index opens today at 15985-15950 levels, the intra volatility may be in a high note due to today's weekly expiry, tomorrow's week-end factor, 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 35259.80, on the opening move, it made a day high 35308.15 thereafter, it moved down, made a day low 34757.60 and closed on a negative note at 34827.80 with an intra loss -304.45 points, i.e., -0.87%, today the Nifty Bank Index must move above 34905-35145 levels; if to do so, then it may try to re-test 35310-35455-35550-35650-35760-35850-35960 levels. On the other hand, any weakness near 34905-35145; further, it moves below 34755-34605 then, the Index may re-visit 34450-35310-35200-34075-33660 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.