26.02.2020 Wednesday, 8:30 am 

What has happened yesterday? Nifty index as written and expected opened on a positive note with gap up at our resistance level i.e. 11875, made a day high at 11883.05 thereafter, the non-stop sell-off dragged the Index till our support level i.e.11810, further volatile swing move lifted up and down, the late hour weakness cum sell-off once again dragged down the Index till 11779.90 and ended the day at 11797.90 with negative bias.

What will happen today? Nifty Index today may open on a negative bias with gap down by tracking the global markets to  test 11750-11695, further down move below 11695 if trade and sustain then, it may test 11655-11615-11555. Likewise, the immediate resistance seen at 11780-11835, further strong move above 11835 then, it may test 11885-11930-11995.

Special Mention: Corona Virus is Jolt the Global Market, all global indices are trading in deep red, the impact is not isolating the Indian stock market, we will have to feel the pinch. The panic sell-off may drag the Nifty index till 11750-11615, the last hope lies at 11615 any close below 11615, may drag the Index till 11200-11000. We can expect a short term bounce till 11930 in a day or two, lets hope for that. 

Trading Strategy: Safe trader stay away, those who hold long donot keep the BUY in Nifty Futures below 11750 levels in Nifty Index on closing basis or keep stop loss 11615 worse cum worse basis . For further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

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