26.03.2020 Thursday, 8.28 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 flat note and took support at our first level support i.e. 7740, made a day low 7714.75 thereafter, the strong up move with short covering lifted the Index till our resistance level i.e.8360, made a day high 8376.75 with volatility and closed the day at 8317.85 with positive note.

What will happen today? Nifty Index may open on a negative note,  to test 8275-8170, if trade and sustain below 8170 then, it may re-test 8140-8100-8040-7985-7880-7795-7715-7680-7585-7510. On the other hand, the immediate resistance seen at 8300-8375, if trade and sustian above 8375 then, it may re-test 8420-8480-8555-8605-8670-8735-8809-8883.

Special Mention: High volatility on the card due to the F&O Expiry today, we expect a range bound move in Nifty Index with consolidation between 8300-8600 on the higher side and 7900-7500 in the lower side. 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 going to annouce $2 trillion as a economic 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 use this short term rally to book profit in cash segment, which was bought near 7500 levels in Nifty Index, almost major Nifty50 stocks rallied 10-25% hence, book profit and convert in to CASH, keep the hot cash in your hands. It seems worst is not over, it is behind us, adopt  'CASH IS THE KING' approach. Further details please do call us on 98410 48022 or contact thro' whatsapp: 99624 70636.

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