31.03.2020 Tuesday, 8.34 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 yesterday? Nifty index as expected opened with gap down beyond our support zone i.e.8520-8455, by taken the support at 8335, thereafter, the Index moved up and made a day high 8576 further, the late hour weakness cum sell-off dragged the Index till 8244 with high volatility, ended  the day at 8281.10 on negative bias.

What will happen today? Nifty Index may open on positiive note with mild gap up by tracking the global Indices, to test 8360-8430, if trade and sustain above 8430 then, it may re-test 8545-8640-8750-8805-8883-8950. Likewise, the immediate support lies at 8310-8245, if trade and sustain below 8245 then, it may re-test 8165-8095-7987-7875-7692-7600-7511.

Special Mention: We expect a range bound move with high range consolidation in the Nifty Index between 7500-9200. Yesterday, the Index unable to move above the Friday's high i.e. 9038.90 and closed below 8450, further close below 8450 for an another two trading sessions then, it may re-test 7987-7511 levels very soon. 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. Today being a month-cum-quarterly and financial year end, we expect high volatility in the Nifty Index. 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 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 7900-7500 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, those who want to take risk then, may buy again Nifty50 stocks with lower valuation at 7900-7500 levels in Nifty Index for the short term target 5-15%. Safe traders/investors may 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.