04.05.2020 Monday, 8.40 am 

Hi Readers

My humble and sincere request to all the readers of this article, to obey the lockdown and STAY HOME-STAY SAFE, till 17th May'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 Thursday? Nifty Index as expected opened with a gap up beyond our resistance zone i.e.9680-9725 by taken a support near 9725, made a day low 9731.50 thereafter, a non-stop rally lifted the Index till our further resistance level i.e 9880 made a day high 9889.05 and closed the day at 9859.90 on a positive bias.

What will happen today? Nifty Index may open on a negative note with gap down by tracking the global indices to test 9430-9390, if trade and sustain below 9390 then, it may re-test 9320-9260-9190-9145-9080-9025-8910. Likewise, the immediate resistance seen at 9500-9580, if trade and sustain above 9580 then, it may re-test 9640-9700-9735-9785-9835-9890.

Special Mention: On Thursday i.e 30th Apr'20, the Nifty Index reached our high level targets till 9900 since, it moved and closed above 9390 levels, within two trading sessions the Index traded near 9900, today we must see whether it can able to close above 9390, if Nifty index closes below 9390 for three consecutive trading sessions then it may test 9040-8800 levels very soon. At the same time further upmove possible only if trade, sustain and close above 9900 level, may lift the Index till 10150-10500 levels in the near term.

For time being, the Index bottemed out at 7500 levels 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: Try to encash the short term BUY by booking the profit unless 9700-9970 surpass and closes above this level and sit with CASH, once again the Nifty may re-test 8900-7900 levels, use that opportunity and Invest to trade in Cash segment for short term perspective for 10-20% return in Nifty50 low valuation stocks.  In Nifty Futures BUY on dips near 9300-8900 levels may try or SELL on rise at 9725-9970 may try in F&O segment. 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.