Wednesday 11 March 2020

NIFTY TREND

Nifty has been moving as per global cues. Unless nifty makes a daily close above 10561, it is bound to make new lows. 

We may expect a bottom near 9850 as the slide has stated only on last Friday.  Last expiry on 5.3.020 was at 11269 and we are almost 800 points down at 10458. US market closed 5% lower is adding to the woes. 

The expiry day is likely to be in a range of 10270-10610.  BN 26050-26950.


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