24.03.2020 Tuesday, 8.26 am 

What has happened yesterday? Nifty index as expected opened with gap down at our support zone i.e 7988-7830, made a low 7945 thereafter, the brief pull back lifted the Index near our resistance level i,e. 8175, made a high 8158, further sell-off dragged down the Index near the lower circuit level i.e 7870 but, the sensex hits the lower circuit breaker i.e.10%, before Nifty reaches, both the Indices were suspended the trading for 45 minutes, thereafter on a highly volatilie cum weakness move dragged down the Nifty Index till 7583.60 and closed the day at 7610.25 with negative bias.

What will happen today? Nifty Index may witness a gap up  with positive note by tracking the global indices, to test 7985-8080, if trade and sustain above 8080 then, it may test 8160-8235-8310-8370-8410-8555. Likewise, the immediate support lies at 7830-7737, if trade and sustian below 7737 then, it may test 7584-7655-7583-7430-7340-7300-7160.

Special Mention: High volatility on the card due to the F&O Expiry, which is  falls on 26th March, we expect a vast swing move in the Nifty Index between 8880-7300. Please refer our Nifty Special Bulletin dated: 16th March'20. This correction may end by March or April mid week, thereafter, the consolidation with counter move may begin, subject to the normalcy returns across the global and Covid19 is controlled before April'20 else. we may face further worst situation, ever seen. To read our special bulletin please click this link:https://www.niftytech.in/marketupdate/54

Trading Strategy: 'CASH IS THE KING' is our new mantra and SELL on rise is also continues as of now in F&O segment, if Nifty Index unless it closes above 8883 for three consecutive trading sessions or high risk trader may try to BUY near 7300-6800 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 7500-7300-6800 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.

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