08.04.2020 Wednesday, 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-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 yesterday? Nifty index as expected opened with positive bias with gap up near our resistance zone i.e.8360-8430-8489, made a day low 8360.95 thereafter, the Index non-stop movement with strong pull back with volatility moved till our resistance level i.e 8840, made a day high 8819.40 and closed the day at 8792.20 on a positive note.

What will happen today? Nifty Index may open on a flat note with positive bias, to test 8760-8820-8885, if trade and sustain above 8885 then, it may re-test 8930-8985-9040-9105-9155-9190-9230-9265-9390. On the otherhand, the immediate support lies at 8720-8660, if trade and sustain below 8660 then, it may re-test 8595-8530-8450-8360-8290-8220-8170-8055.

Special Mention: We expect a range bound move with high range consolidation in the Nifty Index between 7500-9200. Yesterday being a third trading session, the Index unable to close below 8450 and rallied till 8819, it infers that, a range bound trade bwtween 9100-7900 for some more trading sessions, further rally is possible only if, the Index cross and closes above 9040 for three continuous trading sessions then, it may test 9390-9510. Likewise, the weakness only below 8055 if, the Index trades, sustain and closes below 8055 for three continuous trading sessions then, it may re-test 7985-7835-7715-7511.  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: Once again I am reiterating that '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 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.