28.02.2020 Friday, 8.39 am 

What has happened yesterday? Nifty index as written and expected opened on a flat note with negative bias, made a day high at 11663.85 thereafter, the non-stop sell-off dragged the Index beyond our support level i.e. 11550 made a day low 11536.70 in the opening session further, the F&O monthly expiry volatile move lifted the Nifty index near day high and closed the day at 11633.30 which is above our threshold support level i.e.11615. with negative bias.

What will happen today? Nifty Index today may witness an another big gap down day to test 11430-11320, further down move below 11320 if trade and sustain then, it may test 11255-11191-11120-11060. On the other hand, the immediate resistance seen at 11530-11570, further strong move above 11570 then, it may test 11615-11650-11730.

Special Mention: Global Market weakness still on, the Corona Virus is spreading worldwide, the impact may continue to prevail until any vaccination found to control the epidemic, all the global equity markets are trading in deep red. It looks the Nifty Index may test 11300-11090 very soon, unless it closes, above 11750 for three consecutive trading sessions, we may not see any upmove in the near term.  

Trading Strategy: Sell on rise is the mantra as of now in F&O segment, any one wants to invest in equity segment may buy Nifty 50 stocks for medium term perspective at 11300-11000 levels in the Nifty Index.  Further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

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