27.02.2020 Thursday, 8.59 am 

What has happened yesterday? Nifty index as written and expected opened on a negative note with gap down at our support  level i.e. 11695, made a low on open at  11680 thereafter, the consolidation move lifted the Index to 11783 till noon session,  further, the late hour weakness cum sell-off once again dragged down the Index till our support band 11655-11615, made a day a low 11639.60 and ended the day at 11695.65 with negative bias.

What will happen today? Nifty Index today may open on a flat note to test 11670-11640, further down move below 11640 if trade and sustain then, it may test 11615-11578-11550-11480. On the other hand, the immediate resistance seen at 11710-11750, further strong move above 11750 then, it may test 11780-11835-11885-11930.

Special Mention: Global Market weakness still on, the Corona Virus is spreading worldwide, the impact may prevail for some more days until any vaccination found to control the epidemic and most of the asian markets are trading in red. The lsst hope for the Nifty index lies at 11615-11578, any close below 11578, the weakness cum sell-off may drag the Index till 11490-11380-11190. We can expect a short term bounce till 11880-11930 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 11615 levels in Nifty Index on closing basis, try to exit long position and selling may be initiated at 11885-11930 levels, if any short term bounce happens. For further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

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