14.11.22-Monday, 08.34 am 

Good Morning Members... 

What has happened on Friday? Nifty Index, as expected and written, opened on a positive note at 18272.35, our expected opening band 18295-18330, on opening move, the Index made a low 18259.35; thereafter, it moved up, made a day high 18362.30 and closed at 18349.70, on a positive note with an intra gain 321.50 points, i.e., 1.78%.

What will happen today?  

Nifty Index: Today, the Nifty Index may open on a flat to positive note near 18330-18360-18390 levels; if open, trade and sustain above 18390 then, the index may test 18440-18460-18485-18510-18535 levels. On the other hand, the immediate support lies at 18300-18260 if, the Index moves below 18260 then, it may try to re-visit 18330-18360235-18205-18180-18160-18125-18085-18055 levels.

Special Mention: On Friday, the Nifty Index continued the Northward journey, till our threshold resistance levels i.e., 18350, made a high 18362 and closed well below our threshold resistance levels i.e., 18300; today, the Index must break 18360-18395-18430 levels, if it is moves and sustain above 18430 then, it may re-test 18510-18640 levels in the near term. On the other hand, if the Index unable to move above 18360-18395-18430 and moves below 18295-18175 then, it may try to re-visit 17960-17810 levels in the near term. Let see how the Index opens today at 18295-18350-18390 levels, the intra volatility may be in a high note, due to today's week-end factor, trade with due caution and aviod aggressive short/long position, is my advise at this juncture.

The IIP data for Sep'22 released on 11th Nov-Friday, the data shows the Industrial prodcution turned to a positive zone at 3.10% when compared to the last month reading i.e., -0.80%, the WPI Inflation and Annual Inflation data for Oct'22  is expected today.

The India Inc. Q2 (Jul-Sep'22) earnings started to announce, so far out of 4248 companies, 1683 announced their Q2 earnings, the net profit seen a positive growth about 9.20%, when compared with a last quarter. The Net profit for Q2 stood at Rs.197,181.40 Cr. as against the Q1 net profit of Rs.180,615.80 Cr. 

Nifty Bank Index: Nifty Bank Index on Friday, opened at 42163.40, on the opening move, it made a day low 41918.40; thereafter, it moved up, made a day high 42345.50 and closed on a positive note at 42137.05 with an intra gain 533.30 points, i.e., 1.28%, today the Nifty Bank Index must move above 42345-42460 levels; if to do so, then it may try to re-test 42570-42745-42850-43050 levels. On the other hand, any weakness near 42345-42460 further, it moves below 41220-42090 then, the Index may re-visit 42010-41920-41675-41480-41320 levels.

Trading Strategy: The members/followers/readers, those who invested near 16950 levels, try to book full profit near 18350-18500-18640 levels or the stocks given 12-15-20% return and wait for further pirce correction to re-invest once again.

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.