05.12.22-Monday, 08.30 am 

Good Morning all... 

What has happened on Friday? Nifty Index, as expected and written, opened on a negative note at 18752.40, our expected opening band 18815-18795 on opening move, the Index made a high 18781.95; thereafter, it moved down, made a day low 18639.10 and closed at 18812.50, on a negative note with an intra loss -116.40 points, i.e., -0.36%.

What will happen today?

Nifty Index: Today, the Nifty Index may open on a positive note near 18710-18740-18780 levels; if open, trade and sustain above 18078 then, the index may test 18815-18835-18860-18885-18915-18950 levels. On the other hand, the immediate support lies at 18675-18640 if, the Index moves below 18640 then, it may try to re-visit 18600-18585-18555-18510-1847518445 levels.

Special Mention: On Friday, the Nifty Index unable to continue the upward rally, further the Index moved down till 18639.20 and closed above our threshold levels i.e., 18640; today, the Index must break 18710-18740 levels, if it is moves and sustain above 18740-18780 then, it may test 18885-18950-19050 levels very soon. On the other hand, if the Index moves below 18675-18640 then, it may try to re-visit 18440-18260-18135 levels in the near term. Let see how the Index opens today at ........... levels, the intra volatility may be in a high note, due to today's week-end factor, trade with due caution and aviod aggressive long position, is my advise at this juncture.

INDIA's Macro Data:

The GDP data for the Q2 ending Sep'22 released on 30th Nov'22, the GDP slipped into 6.30% Vs.13.50% (Q1-Jun'22). The IIP data for Sep'22 released on 11th Nov-Friday, the data shows that, the Industrial production 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 on 14th Nov, 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 on 14th Nov for the month of Oct'22, it stood at 8.39% Vs.10.70% (Sep'22).

India Inc. Earnings:

The India Inc. Q2 (Jul-Sep'22) earnings started to announce, so far out of 4248 companies 4146 announced their Q2 earnings, the net profit seen a positive growth about 14.40%, when compared with a last quarter. The Net profit for Q2 stood at Rs.243,326.90 Cr. as against the Q1 net profit of Rs.212,722.30 Cr. 

Nifty Bank Index: Nifty Bank Index on Friday, opened at 42976.70, on the opening move, it made a day low 42937.80; thereafter, it moved up, made a day high 43131.90 and closed on a negative note at 43103.75 with an intra loss -156.90 points, i.e., -0.36%, today the Nifty Bank Index must move above 43130-43185 levels; if to do so, then it may try to test 43340-43515- 43630-43710-43770-43825 levels. On the other hand, any weakness near 43130-43180 further, it moves below 42990-42885 then, the Index may re-visit 42830-42740-42660-42625-42555 levels.

Trading Strategy: The members/followers/readers, those who invested near 16950 levels, try to exit all the position near 18850-19050 levels or the stocks given 24-30% 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.