02.03.2020 Monday, 8.27 am 

What has happened on Friday? Nifty index as written and expected opened with a huge gap down at our support level i.e 11320  thereafter, the non-stop sell-off dragged the Index to our next level support i.e 11250, made a low 11239 further consolidation cum volatile trade took the Nifty index up and down, the late hour sell-off once again dragged the Index till 11175.05 and ended the day at 11201.75 with negative bias.

What will happen today? Nifty Index today may witness a gap up opening to test 11290-11350, further up move above 11350 if trade and sustain then, it may test 11400-11470-11540-11615. Likewise, the immediate support lies at 11220-11175, further sell-off  below 11175 then, it may test 11090-10945-10850.

Special Mention: Global Market weakness still on, the Corona Virus is spreading worldwide, the impact may continue to prevail some more days or some more weeks, since all the global equity markets are trading in over sold zone, may see some techinical bounce, the Nifty Index also may see some bounce till 11400-11540-11615. At the same time it looks the Nifty Index may take strong support 11175-11090, any close below 11090 for three consecutive trading sesssions then, it may test 10850-10650.  

Trading Strategy: Sell on rise is the mantra as of now in F&O segment if Nifty Index not closes above 11615, any one wants to invest in equity segment with low valuation stocks on the top Nifty Index stocks for medium term perspective at 11200-11000 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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