15.09.22-Thursday, 8.34 am

Good Morning Members

What has happened yesterday? Nifty Index, as written and expected, opened on a negative note with gap down at 17771.15, on opening move, the Index made a open & day low at the same level i.e., 17771.15; thereafter, it moved up, made a day high 18091.55 and closed at 18003.75, on a negative note with an intra loss - 66.30 points, i.e., -0.37%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on a flat to positive note near 18020-18055-18090 levels; if open, trade and sustain above 18090 then, the index may test 18125-18145-18175-18195-18215-18260 levels. On the other hand, the immediate support lies at 17997-17970 if, the Index moves below 17970 then, it may try to re-visit 17930-17890-17845-17810-17770-17730-17690 levels.

Special Mention: Yesterday, the Nifty Index, though witnessed a gap down near our threshold support level, made a panic bottom at 17771, the sharp pull back lifted the Index till 18091 levels and closed very well above 18k mark, today the Index must move and sustain above 18055-18090-18125 then, it may re-test 18215-18410 levels in the near term. On the other hand, if the Index unable to move above 18055-18090-18125 and moves below 17990-17770 then, it may try to re-visit 17650-17485-17380 levels in the near term. Let see how the Index opens today at 18020-18055-18090 levels, the intra volatility may be in high note due to today's option weekly expiry and tomorrow's week-end factor, trade with due caution at the higher levels is my advise, at this juncture.

Nifty Bank Index: Nifty Bank Index yesterday, opened at 40308.80, on the opening move, it made a day low 40288.90; thereafter, it moved up, made a day high 41626.90 and closed on a positive note at 41405.40 with an intra gain 532.30 points, i.e., 1.30%, today the Nifty Bank Index must move above 41475-41625 levels; if to do so, then it may try to re-test 41765-41990-42000-42065-42135-42385 levels. On the other hand, any weakness near 41475-41625 further, it moves below 41300-41235 then, the Index may re-visit 41115-40900-40830-40605-40445-40285 levels.

Trading Strategy: The members/followers/readers, those who re-invested near 17400-17350 try to book full profit near 18100-18250-18400 or the stocks given profit 9-15% and wait for the the Nifty to correct further to re-invest.

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.