26.06.2020 Friday, 8.45 am 

Hi Readers

What has happened on yesterday? Nifty Index as written and expected opened with negative note with gap down near our support zone i.e 10200-10150, made a day low 10194.50, thereafter, the Index moved up till our resistance level i.e.10330, made a  high at 10355, further the volatile move due to F&O expiry, dragged down till noon session, once again the Index moved up and made a day high at 10361.80, the late hour sell-off pushed down the Index and closed the day at 10288.90 on a flat to negative note. 

What will happen today? Nifty Index may open on a flat to negative bias to test 10270-10220 if open, trade and sustain below 10220 then, it may test 10195-10150-10120-10075-10025-9970-9845. On the other hand, the immediate resistance seen at 10330-10360, if trade and sustain above 10360 then, it may re-test 10410-10450-10480-10510-10550-10660.

Special Mention: Nifty Index sell-off continued yesterday till our support level i.e 10200, we should watch 10200-10150-10120 levels today, how it holds in these band, if the Index moves below 10150-10120 then further weakness may drag the Index till 10070-9970, further any close below 10150-9970 for three consecutive trading sessions then it may re-test 9845-9725-9545 levels in the near term. At the same time, the Index should close above 10330 again and break above 10550 then, it may test 10660-10770-10990 in the near term, it looks the Index may consolidate between 10550-10000 levels for some more time. The volatility may be in raising mode till Tuesday since, month and quarterly end falls coming Tuesday.

Trading Strategy: The Investor/trader may re-invest at 10000-9800 levels in the Nifty 50 stocks for a short term gain around 5-10%. This is a traders market, to trade for short term gains, rather to wait for long term basis. 

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.