12.03.2020 Thursday, 8.25 am 

What has happened yesterday? Nifty index as expected opened on flat note with negative bias, made a low near open levels i.e 10334, which was our support levels also and moved up till 10545, thereafter the higly volatile move dragged down and pulled up the Index finally, ended the day at 10458.40 on a flat with positive note..

What will happen today? Nifty Index may witness another selling bout by tracking the global indices, which are trading in deep red, the Index may test 10140-10030, further move below 10030, if trade and sustain then, it may test 9950-9820-9725-9685. On the other hand, the immediate resistance seen at 10294-10335, further up move above 10335 then, it may re-test 10445-10545-10635.

Special Mention: Last hope for the Nifty index lies at 10000-9820, any violation beyond 9820 and closes below may drag the index till 9685-9500 levels very soon. Please read our special bulletin written yesterday i.e. 11th March 2020, to read click this link: https://www.niftytech.in/marketupdate/54.   

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 parts on the low valuation stocks on the top Nifty-100 stocks for medium term perspective till 10000-9820 levels in the Nifty Index. Further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

Please read carefully, the Disclaimer published on the Disclaimer page. Wishing you for a safe and secured trading.