09.03.2020 Monday, 8.35 am 

What has happened on Friday? Nifty index as expected opened on a gap down and tested our important support levels i.e 10845, made a day low 10827.15, thereafter, the strong pull back lifted the Index till our threshold resistance level i.e.11036, made a day high 11035.10, then it was consolidating around 11k and closed the day at 10989.45 on a negative bias.

What will happen today? Nifty Index may witness an another panic Monday, it looks may open on a gap down once again by tracking global indices to test 10640-10575, further move below 10575, if trade and sustain below 10575 then, it may test 10434-10335-10291-10140. On the other hand, the immediate resistance seen at 10730-10840, further up move above 10840 then, it may test 10960-11036-11175.

Special Mention: As written on 06th March-Friday, if the Nifty breaks the 02nd March day high and low, which is important trading band, any weakness below 11036 then, the Nifty index could test 10850-10640-10575 by Friday or Monday, today it may test 10640-10575, the last hope is lies at 10640-10575 below 10575 if trades and sustain below more panic till 10350-10030 possible.   

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 10650-10575 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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