23.03.2020 Monday, 8.33 am 

What has happened on Friday? Nifty index as expected opened with positive bias at our support level i.e 8310, made a high 8307 thereafter, the brief sell-off dragged down the Index till 8178.20 further, the strong pull back lifted the Index throughout the day with high volatility till our final resistance level i.e. 8850, made a day high at 8883 and ended the day at 8745.45 with positive note.

What will happen today? Nifty Index may witness gap down once again by tracking the global indices, to test 7988-7830, if trade and sustain below 7830 then, it may test 7770-7670-7520-7485-7405-7340. Likewise, the immediate resistance seen at 8080-8175, if trade and sustian above 8175 then, it may re-test 8330-8445-8505-8675-8740-8880

Special Mention: It looks the short term technical pull back in the Nifty Index is short lived with the target 8883, if sustain, trade and close below 7987-7830, may pave the way to our next level targets on the corrective wave till 7540-7305-6615, please refer our Nifty Special Bulletin dated: 16th March'20. This correction may end by March or April mid, thereafter, the consolidation with counter move may begin. 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 7500-7300 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 7700-7500-7300 levels in the Nifty Index or for a short term play and book profit for 5-10% profit if, Nifty Index 9000 level not break. Further details please do call us on 98410 48022/90805 71223 or contact thro' whatsapp: 99624 70636.

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