21.11.22-Monday, 08.34 am 

Good Morning Members... 

What has happened on Friday? Nifty Index, contrary to our expectation, opened on a positive note at 18382.95, our expected opening band 18345-18315 on opening move, the Index made a high 18394.80; thereafter, it moved down, made a day low 18256.50 and closed at 18307.65, on a negative note with an intra loss -36.25 points, i.e., -0.20%.

What will happen today?  Nifty Index: Today, the Nifty Index may open on a negative note near 18280-18255 levels; if open, trade and sustain above 18280-18325 then, the index may test 18340-18375-18420-18445-18470-18495 levels. On the other hand, the immediate support lies at 18255-18210 if, the Index moves below 18210 then, it may try to re-visit 18180-18160-18125-18105-18075-18045-18015 levels.

Special Mention: On Friday, the Nifty Index unable to continue the northward journey, beyond our threshold resistance levels i.e., 18445 and closed well below 18399; today, the Index must break 18400-18445 levels, if it is moves and sustain above 18400-18445 then, it may re-test 18550-18640 levels in the near term. On the other hand, if the Index moves below 18210-18175 then, it may try to re-visit 18100-17960 levels in the near term. Let see how the Index opens today at 18280-18255 levels, the intra volatility may be in a high note this week, due to F&O expiry and weak global cues, trade with due caution and aviod aggressive long position, is my advise at this juncture.

The IIP data for Sep'22 released on 11th Nov-Friday, the data shows that, the Industrial prodcution turned to a positive zone at 3.10% when compared to the last month reading i.e., -0.80%. The Annual Inflation data for Oct'22 releasd yesterday, the data shows that the Inflation has come down to 6.77% from the Sep'22 level i.e., 7.41% and WPI Inflation data also came yesterday for the month of Oct'22, it stood at 8.39% Vs.10.70% (Sep'22).

The India Inc. Q2 (Jul-Sep'22) earnings started to announce, so far out of 4248 companies, 3816 announced their Q2 earnings, the net profit seen a positive growth about 14.10%, when compared with a last quarter. The Net profit for Q2 stood at Rs.242,208.50 Cr. as against the Q1 net profit of Rs.212,315.70 Cr. 

Nifty Bank Index: Nifty Bank Index yesterday, opened at 42545.75, on the opening move, it made a day high 42590.75; thereafter, it moved down, made a day low 42223.70 and closed on a negative note at 42437.45 with an intra loss -20.60 points, i.e., -0.05%, today the Nifty Bank Index must move above 42475-42550 levels; if to do so, then it may try to test 42590-42620-42690-42770-42850-42960 levels. On the other hand, any weakness near 42475-42550 further, it moves below 42305-42225 then, the Index may re-visit 42125-42045-41970-41845-41775-41625 levels.

Trading Strategy: The members/followers/readers, those who invested near 16950 levels, try to book full profit near 18440-18500-18640 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.