11.05.2020 Monday, 8.33 am 

Hi Readers

What has happened on Friday? Nifty Index as expected opened on a positive note wih gap up beyond our resistance zone i.e.9275-9345, made a high at  9382.65 thereafter, the Index was trading in a range bound with consolidation between 9350-9300, the late hour sell-off dragged the Index till 9238.20 and closed the day at 9251.50 on a positive note.

What will happen today? Nifty Index may open on a positive bias with gap up by tracking global indices to test 9350-9390, if trade and sustain above 9390 then, it may test 9420-9460-9505-9595-9660-9695. On the other hand, the immediate support lies at 9310-9240, if trade and sustain below 9240 then, it may test 9205-9140-9116-9080-9040. 

Special Mention: Nifty Index if trade, sustain and closes below 9200 for three consecutive trading sessions then, it may test 9040-8700 levels very soon. At the same time, the Nifty Index is trying to surpass above 9390, today it may trade above 9390 if to do so, then it may test 9500-9535 levels and the Index closes above 9390, once again may continue the upward move till 9600-9900 in the near term. 

Trading Strategy: The Investor/trader may Invest to trade in Cash segment for short term perspective for 10-20% return in Nifty50 low valuation stocks when the Nifty Index reahces 8900-8500 levels. In Nifty Futures BUY on dips near 9000-8700 levels may try or SELL on rise at 9500-9700 may try in F&O segment. 

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

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.