06.03.2020 Friday, 8.28 am 

What has happened yesterday? Nifty index contrary to our expectation opened on a gap up with positive bias, traded near our resistance levels i.e 11350, made day high at 11338, thereafter, the sell-off dragged till 11250, weekly option expiry volatility move once again lifted the Nifty Index till our next level resistace i.e. 11395, made a day high at 11389.50, the late hour sell-off dragged till 11244.60 and closed the day at 11269 on a flat to positive note.

What will happen today? Nifty Index may witness an another black Friday, it looks may open on a gap down once again by tracking global indices to test 11036-10935, further move below 10935, if trade and sustain then, it may test 10845-10750-10640-10575. On the other hand, the immediate resistance seen at 11115-11175, further up move above 11175 then, it may test 11230-11285-11350-11390.

Special Mention: As written on 03rd March about the 02nd March day high and low, which is important trading band, any weakness below 11036 today then, the Nifty index could test 10850-10640-10575 by today or Monday, the last hope is lies at 10640-10575.   

Trading Strategy: We keep on writing and saying, Sell on rise is our mantra, as of now in F&O segment if Nifty Index unless it closes above 11433, our Privilege Members are still holding a Short position continuously in Nifty Futures and keep booking the profit and re-entering the short position at higher levels. One may keep invest in equity segment with low valuation stocks on the top Nifty-100 stocks for medium term perspective at 11000-10650 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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