19.03.2020 Thursday, 8.29 am 

What has happened yesterday? Nifty index as expected opened with positive bias at our first level resistance i.e 9100, made a  day high 9127.55 thereafter, the strong sell-off dragged the Index throughout the day with high volatility till end of the session, made a day low 8407.05, ended the day at 8468.80 with negative bias.

What will happen today? Nifty Index may open on a nagative note with gap down by tracking the global indices to test 8210--8148, if trade and sustain below 8148 then, it may test 8060-7990-7930-7893-7680-7500. Likewsie, the immediate resistance seen at 8410-8550, if trade and sustian above 8550 then, it may re-test 8675-8820-8920-9000.

Special Mention: As written in the Nifty Special Bulletin dated: 16th March'20, the Nifty Index may test the first target 7988 either today or tomorrow, as per the corrective wave pattern. We anticipated the mild pull back yesterday till 9400, but it had stopped at 9127, further weakness dragged down. If, Nifty Index take support today at 8150-7988 then, the short term reversal may be possible. To read our special bulletin please click this link:https://www.niftytech.in/marketupdate/54

Trading Strategy: SELL on rise is our mantra, as of now in F&O segment, if Nifty Index unless it closes above 10000 for three consecutive trading sessions or try to BUY near 8150-7980 in Nifty Index levels and book profit then and there. BISTA Privilege members are continuing the short position in Nifty Futures, by booking the profit at low level and re-enter again at high level.

Investors/traders may keep invest in parts on the low valuation stocks on the top Nifty-50 stocks for long term perspective till 8200-7900 levels in the Nifty Index or for a short term play and book profit for 5-10% profit. 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.