07.04.2020 Tuesday, 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-STAY SAFE, 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 bias beyond our resistance zone i.e.8255-8280-8312, made a day high 8356.55 thereafter, the Index non-stop movement with weakness cum sell-off dragged till 8100, the long weekend voaltility once again lifted the Index till 8220 further, the last hour sell-off dragged the Index beyond our support level i.e. 8095, made a day low 8055.80 and closed the day at 8083.80 on a negative note.

What will happen today? Nifty Index may open on a positive bias with gap up by tracking global indices, to test 8360-8430-8489, if trade and sustain above 8489 then, it may re-test 8525-8570-8650-8715-8750-8840-9040. Likewise, the immediate support lies at 8220-8170, if trade and sustain below 8170 then, it may re-test 8125-8055-7988-7870-7782.

Special Mention: We expect a range bound move with high range consolidation in the Nifty Index between 7500-9200. On Friday i.e 03rd Apr also, the Index once again closed below 8450, further weakness below 8450 if, trades and closes today 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. 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.