25.03.2020 Wednesday, 8.38 am 

Hi Readers

My humble and sincere request to all the readers of this article, to obey the Government order and stay@home till 14th April'20, to avoid further consequences and complication, either in the economy front or on social health, our health is very, very important to all of us, with a unity we will come out of this situation very quickly and have a positive hope to return normal life very soon....

What has happened yesterday? Nifty index as expected opened with gap up at our resistance zone i.e 7985-8080, made a high 8036.95 thereafter, the strong sell-off dragged the Index till 7511.30, further volatility ruled the Index finally, ended the day at 7801.05 with positive note.

What will happen today? Nifty Index may open on a flat note, to test 7740-7670, if trade and sustain below 7670 then, it may test 7635-7575-7511-7405-7380-7340-7300-7235-7160. On the other hand, the immediate resistance seen at 7835-7988, if trade and sustian above 7988 then, it may test 8036-8120-8180-8275-8360-8420-8480-8555.

Special Mention: High volatility on the card due to the F&O Expiry tomorrow, we expect a vast swing move in the Nifty Index between 7300-7500 to 8200-8500. 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. Already major countries announced/going to announce economic relief packages to tackle the situation, especially USA is ready to annouce $2 trillion as a revival package, the sell-off may arrest for some time from now, lets hope for the best, the best should happen in coming days. 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 7500-7300-7100 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.