03.03.2020 Tuesday, 8.33 am 

 What has happened yesterday? Nifty index as written and expected opened with a gap up beyond our resistance band i.e 11290-11350, the non-stop up move lifted the Index till 11433 thereafter, the late hour sell-off erased all the morning gains and dragged the Index till 11036.25 and  closed the  day at 11132.75 with negative bias.

What will happen today? Nifty Index today may open on a flat note with negative bias to test 11116-11090, further down move below 11090 if trade and sustain then, it may test 11036-10945-10850. On the other hand, the immediate resistance seen at 11158-11175, further up move above 11175 then, it may re-test 11235-11318-11365-11430.

Special Mention: Yesterday, newly afftected Corona Virus cases reported in India triggered the fresh sell-off, we expect the Nifty likely to take support 11000-10900 zone for time being and should closely watch the yesterday's high i.e.11433 and low 11036, any fresh direction the Nifty index may take beyond these levels on either side, the consolidation move is good to take support at 11k mark.  

Trading Strategy: Sell on rise is the mantra as of now in F&O segment if Nifty Index, if not closes above 11433, or watch 11090-11036 to go long if, Nifty Index closes below 11036 then, do not hold long position. One can keep invest in equity segment with low valuation stocks on the top Nifty Index stocks for medium term perspective at 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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