20.07.22-Wednesday-8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as expected and written, opened on a negative note at 16187.05, our expected opening band 16245-16225-16175 on opening move, the Index made a low 16187.05; thereafter, it moved up, made a day high 16359.60 and closed at 16340.55, on a positive note with an intra gain 62.05 points, i.e., 0.38%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on a positive note with a gap up by tracking the Asian Indices near 16450-16490-16515 levels; if open, trade and sustain above 16515-16530 then, the index may re-test 16570-16610-16650-16695 levels. On the other hand, the immediate support at 16360-16325-16275; if, the Index moves below 16275 then, it may try to re-visit 16160-16125-16085-16030-15995-15930 levels.

Special Mention: Yesterday, the Nifty Index, continued the northward jouney beyond our threshold resistane levels, i.e., 16275 and closed very well above 16275 levels, today the Nifty Index closes above 16325 for an another two trading sessions; then, the index may re-test 16610-16795 levels very soon. On the other hand, if the Index unable to move and closes above 16440-16510 then, it may try to re-visit 16150-16070-15930 levels in the nearn term. Let see, how the Index opens today at 16450-16490-16515 levels, intra volatility may be in a high note due to tomorrow's option weekly expiry, trade with due caution, avoid aggressive long and short positions.

Nifty Bank Index: Nifty Bank Index yesterday, opened at 35113.25, on the opening move, it made a day low 35110.50 thereafter, it moved up, made a day high 35761.65 and closed on a positive note at 35720.35 with an intra gain 361.65 points, i.e., 1.02%, today the Nifty Bank Index must move above 36010-36085-36160 levels; if to do so, then it may try to re-test 36240-36390-36535-36580-36825 levels. On the other hand, any weakness near 36160-36240; further, it moves below 35760-35545 then, the Index may re-visit 35380-35265-35025-34970-34800 levels.

Trading Strategy: The members/followers/readers, those who re-invested near 15350-15200 try to book full profit near 16440-16515-16600-16795 or the stocks given profit 12-18%.

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.