27.03.2020 Friday, 8.40 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 economic front or on social front, 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 8300 levels, made a day low 8304.90 thereafter, the strong up move lifted the Index with a hope of FM's economic reilef package, till our resistance level i.e 8735, made a high 8749.05, after the FM's press conference, the Nifty index witnessed a mild sell-off with high volatility and ended the day at 8641.45 with positive note.

What will happen today? Nifty Index may open on a positive note,  to test 8750-8835, if trade and sustain above 8835 then, it may re-test 8883-8915-8990-9125-9210. Likewise, the immediate support lies at 8610-8520, if trade and sustian below 8520 then, it may re-test 8460-8365-8305-8220-8150-8057-7985-7890-7800-7655.

Special Mention: We expect a range bound move with high range in the Nifty Index to consolidate further between 7500-8900, already the reilef rally passed three trading sessions, this may continue today and Monday with the short term target 8885-9150, further move may be decided based on the continous close above 8883 for three trading sessions else, 7988-7500 will act as good support, watch 7500 closely, any weakness below 7500, then 7300-6825 are possible down side support levels. Please refer our Nifty Special Bulletin dated: 16th March'20, 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.