11.03.2020 Wednesday, 8.27 am 

What has happened on Monday? Nifty index as expected opened on a gap down, made a day high 10751.55, which was our resistance level i.e.10730 and breached our important support levels i.e 10575, the Index was trading with consolidation move with a range, by noon the sell-off intensified and broken the support levels, tested our further support levels i.e. 10335-10291, made a low 10294.45, thereafter the Intra short covering due to HOLI holiday and low level value buy lifted up the Index, ended the day at 10451.45 on a negative bias.

What will happen today? Nifty Index may  on flat not with negative bias to test 10400-10335, further move below 10335, if trade and sustain then, it may test 10295-10140-10030-9950. Likewise, the immediate resistance seen at 10470-10515, further up move above 10515 then, it may test 10575-10625-10685-10750.

Special Mention: Watch closely the day high and low made on 09th March-Monday i.e. the high 10751.55 and low 10294.45, both the levels are important now, any down move and close below 10294.45, may drag the index to 10030-9950 levels and further upmove is possible only by closing above 10751.55 for three consecutive trading sessions.   

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 10640. BISTA 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. Investors may keep invest in equity segment with low valuation stocks on the top Nifty-100 stocks for medium term perspective till 10300-10000 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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