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Wednesday, March 25, 2020

+500 Points Upside Rally by Nifty and closed @8317, Then How will you trade on Expiry Day (26-03-2020)! | What is reason behind this sudden Rally by Nifty | Today's Market movers and News of the Day | Levels for Nifty and Banknifty for 26-03-2020

                                                                                                                           Date: 25-03-2020

Subject: 1. +500 Points Upside Rally by Nifty and closed @8317, Then How will you trade on Expiry Day (26-03-2020)! | What is reason behind this sudden Rally by Nifty !

2. Today's Market Movers and News of the Day.

3. Levels for Nifty and Banknifty for 26-03-2020.


Hey My Brothers & Sisters,

              Hope your Day spends Good, Let's come to our Today's topics as I mentioned in Subjects.


1.  +500 Points Upside Rally by Nifty and closed @8317, Then How will you trade on Expiry Day (26-03-2020)! |
 What is reason behind this sudden Rally by Nifty !

Nifty 50 closed UP by +516 Points (6.62%)

Analysing Chart of Nifty 50 : 15 min Time Frame


 Presenting the Chart of Nifty 50 of 15 Min time frame

> As Dow Jones has been closed UP by over +2000 Points in it's Last Trading session. By following this and Positive action by RBI Boost up the Nifty today, Hence the Nifty given Gap down Opening today morning by -65 Points,

> Nifty opens at 7735 today morning, Given an awesome Upside rally till the closing and given 8376 as Day's High price.

> As per Technical views Nifty has opens 7735 and then suddenly tested the Resistance level of 7901.

> After tested 7901 Nifty comes down between the range of 7901 and 7707 again and Consolidate their over 1 hour.

> After consolidation between the range Nifty has breaks again the Same resistance of 7901 and makes Upside rally, As we mentioned that the 7901 is a Major resistance Level for Nifty.

> After the Breakout of 7901 Nifty has started to climbing up for the Next target achievement of 8088, and also suddenly breaks same level with High volume.

> After breakout of 8088 Nifty climbed up to achieve the New level of 8318, After the successfully breakout of the same level and made high 8375 as Day's high price.

> After reached the Level of 8318 Nifty has stopped it's upside rally and then given final closing at 8317 near the Major Resistance level 8318. Just 1 point far.


So Now, What's the next? What's going to happens on 26-03-2020? What should be the Levels for 26-03-2020?



Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.

> Nifty currently closed at 8317, Under the Major resistance level of 8476.

> 8088 is active as an Major support level. Because Nifty is breaks it with High volume today.

> Dow jones is running in Green now, As we are going to consider it's closing. Let's see what happens in Dow Jones trading session today.

> If Nifty breaks the level of 8476 with High volume then we can see more upside rally till 8555-8725.

> If Nifty breaks a Major support of 8088 with High volume then again it will sleep below 7900-7700 respectively.

> As Tomorrow the Monthly expiry for all Futures and Options, So we may see some downfall as Selling pressure of Futures and Options.

> But during the COVID - 19 Pandemic, in between we are getting some positive news. (Will post in News for the day section) . And also RBI Action is also supports Nifty to boost up.

> So the all Positive news are going to Boost up the Nifty as well. Let's see what happens on Expiry day.

So It's Our Technical analysis Views about Nifty 50 for Upcoming Trading sessions. 

At the End of the Blog we will provide Levels for Nifty and Banknifty for 26-03-2020.

Now Let's Talk about Banknifty Chart Analysis.  


 Banknifty closed UP by +1373 Points (8.03%)



Presenting the Chart of Banknifty 15 Min time Frame

> As Nifty given gap down opening by -65 Points then By following same Banknifty also given gap down opening by -500 Points.

> 16759 was opening price of Banknifty today morning. 
After opening suddenly Banknifty has tested the Resistance level of 17011.

> After tested the 17011 Banknifty has comes down under the same level and consolidate over 1 hour.

> Again Banknifty breaks the level of 17011 with High volume after some consolidation over the level and started upside target achievement rally.

> After that the next targets achieved by banknifty are 17573-18175 and 18730

>The Final target of 18730 was active as a Major resistance for Banknifty. After the achievement of the same Banknifty has comes down from there.

> After tested 18730 banknifty again tested the support of 18175 and given final closing at 18481.

So What's the Next targets and Levels for the Banknifty ?

> Current closing price of Banknifty is 18481 is between 2 major levels. First one is major resistance of 18730 and second is Major support of 18175.

> The clear picture we can see in the charts, If Banknifty breaks the Major support of 18175 then we can see downfall till 17573-17000 respectively.

> If banknifty breaks major resistance of 18730 with High volume then we can see upside rally till 19419.

> As we know that tomorrow is monthly expiry for all futures and options so we can see some downfall due to selling pressure for fno.

             Sensex closed UP by +1861 (6.98%)

As Nifty given some recovery today and also Global markets given closing in Green, That's why Sensex closed Up by +1861 points.

Now Let's Move to our second subject.


2. Today's Market Movers and News of the Day.

Reliance breaks major Resistance yesterday
hitting 10% circuit breaker today



                                  ICICIBank breaks Major Resistance 



                  HDFCBank breaks Major Resistance 
                           and 10% Circuit breaker



                    LT breaks Major Resistance today


                  Maruti Breaks Major Resistance today



Mentioning some more Market Movers below.

1. KotakBank
2. HUL
3. Bharti Airtel
4. TCS
5. AsianPaint

                          Let's Move to News of the Day.

> As Nifty bounced +500 Points, Over 8 stocks hitted 10% Circuit breaker.

> Terrerist attack on Gurudwara in Afghanistan, 25 Dead.

> COVID-19 Positive cases reached to 600 over India.

> Transport Ministry suspends toll collection across india till 14 April.


> As we all are watching videos on whatsapp that Policemen hitting public, Everyone are sharing that videos instantly. So why you are sharing this thing, See the Youtube Video Link Below





          3. Levels for Nifty and Banknifty for 26-03-2020.

1. For Nifty Resistance No.  (1) 8413 (2) 8476 (3) 8555
    For Nifty Support No.  (1) 8088 (2) 7900

Market is totally Unpredictable nowadays. Strictly follow levels.

2. For Banknifty Resistance No   (1) 18730 (2) 19400
    For Banknifty Support No. (1) 18175 (2) 17573

Market is totally Unpredictable nowadays. Strictly follow levels.




We haven't provided calls today because we didn't get proper Analysis to make a Levels.




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 So that's it for this Blog guys, Hope you Like our today's Content and Hope the Levels Provided to you will help you and Give you a Little bit of idea.



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1 comment:

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+500 Points Upside Rally by Nifty and closed @8317, Then How will you trade on Expiry Day (26-03-2020)! | What is reason behind this sudden Rally by Nifty | Today's Market movers and News of the Day | Levels for Nifty and Banknifty for 26-03-2020

                                                                                                                           Date: 25-03-2020...