01.04.2020 Wednesday, 8.30 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 up beyond our resistance zone i.e.8360-8430, by taken the support at 8358, thereafter, the Index non-stop movement lifted and made a day high till 8678.30, the last hour mild sell-off dragged down with voaltile move and closed the day at 8597.75 on a positive note.

What will happen today? Nifty Index may open on a flat note with negative bias, to test 8550-8480, if trade and sustain below 8480 then, it may re-test 8430-8360-8275-8185-8095-7987-7870. On the other hand, the immediate resistance seen at 8585-8640, if trade and sustain above 8640 then, it may re-test 8680-8715-8765-8830-8885-8955-9035.

Special Mention: We expect a range bound move with high range consolidation in the Nifty Index between 7500-9200. Yesterday, the Index unable to close below 8450, further weakness below 8450 if, trades and closes for an another two to three 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, it may test 9390-9510. The Nifty50 Index seen a worst ever quarter since, it's inception i.e.1996, lost 29.34% (3570.70 points) on a closing basis, when compared with 31st Dec'19, the Index closed at 12168.45. It looks the Index bottemed out at 7500 levels for time being unless, any unexpected worse thing happens in the near term, till then this level may act as a strong support. 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 for safe traders/investors 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 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 10-20%. 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.