30.03.2020 Monday, 8.37 am 

Hi Readers

My humble and sincere request to all the readers of this article, to obey the 21 day Government curfew 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 on Friday? Nifty index as expected opened with positive note beyond our resistance zone i.e.8750-8835, by taken the support at 8910, this upmove due to the RBI press confrerence, made a day high 9038.90, before the RBI press conference, thereafter, the profit booking cum sell-off dragged the Index during and after the press conference till 8522.90 and witnessed high volatility till end of the session, further the Index closed the day at 8660.25 with flat note.

What will happen today? Nifty Index may open on a negative note with gap down by tracking the global Indices, to test 8520-8455, if trade and sustain below 8455 then, it may re-test 8365-8275-8185-8095-7988-7870-7690-7510. On the other hand, the immediate resistance seen at 8610-8750, if trade and sustain above 8750 then, it may test 8810-8885-8985-9040-9150-9235-9390.

Special Mention: We expect a range bound move with high range consolidation in the Nifty Index between 7500-9400, already the reilef rally passed four trading sessions, if the Nifty Index trades and closes below 8450 then, it may re-test the recent low 7511 further, weakness below 7511 then, 7340-7100-6825 possible down side levels. At the same time any upmove is possible only above 8883-9038 if, the Index trades, sustains and closes above 9040 then, 9390-9510 levels are possible.  Please refer our earlier Nifty Special Bulletin dated: 28th Feb'20, 16th Mar'20 and 29th 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 8885-9040 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.