GLOBAL MARKETS CONTINUES CRASHED DOWN ON FRIDAY, What could the Possibilities for Nifty on 2nd March, What would your strategy for trading on 2nd March 2020?

                                                                                                              Date: 01-03-2020 

SUBJECT: What should be your strategy to trade tomorrow 

After Crashed Stock Markets on Last Friday?

                                 Hey my Brothers and Sisters,
                          We all know that on Last friday Global stock markets and Nifty has crashed by -3.71% (-431 Pts) Due to the Affection of CORONA Virus news on Global Markets and the Same has affect our Indian Markets and It's only reason behind the Crashed the NSE & BSE.

                     By this effect of Corona Virus news the Dow Jones has dropped down by -1.39% (-357 Pts.) At the opening time the Dow jones was dropped by -1000 points, But It's recovers itself and Comes to -357 points.

        
        Nifty Crashed on Friday, 28 Feb. -431 points. (-3.71%)

          Sensex Crashed on Friday, 28Feb. -1448 pts. (-3.64%)

    Banknifty Crashed on Friday, 28Feb. -1039 pts. (-3.44%)

                       So What's next? What can be the Technical Probabilities of the Nifty 50 and Banknifty for the Monday 02nd March 2020? 
     
                     Let's Have a look at the chart of Nifty and Banknifty.

           Analysis Nifty 50 Chart (Time Frame : 1 Day)

               So Presenting the Nifty 50 (1 day time frame chart) Here, Let's see what's the Different levels wants to Specify! 

 1. Nifty 50 has Made low of 11175 on Last friday, So The Major support area around 11180. Fibonacci Retracement is also Showing the same area for Support in the Charts.
     
2. Also we can see the Supply & Demand area Between 11100-11180.

3. As we all know that Dow Jones has tumbles -357 points by Last friday, So there is Possibilities to Nifty to open Likely Negatively and can performs Downside for First half

4. If Nifty is breaking 11100 with High Volume and High Force and sustain there for sometime then the Next target Downside is 10940-10925. 

5. If Nifty making new Lower low during next 3-4 Trading sessions it can be tumble to 10600 for the Final target. 

6. If the target at Downside 10600 achieve in next some days then we can expect Bounce from there, Otherwise Before that only and only Any Positive News can Boost up Nifty 50 And Banknifty. 


 Now Let's have a look at Banknifty Chart (1 Day Time frame)

          Analysis of Banknifty Chart (Time frame: 1Day)

Here Presenting the chart of Banknifty, Now let's see what's the Technicals wants to Specify!

1. Nifty Bank has also Fallen -3.44% on Last friday due to Nifty and Global markets has crashed,
   It has Made low of 29051 on Last friday.

2. It has given Breakdown of Major support at 29440. Then given closing at 29147.

3. Because of Nifty, The Banknifty also looking to open likely a Negative and If making New lower        low then it's New major supports at (1) 28940 , (2) 28150 and Final target at (3) 27600.

4. HDFC Bank and INDUSIND Bank also breaks some Major Supports in Last week. So Banknifty and Nifty Both are looking weak, So Expecting some more Downside Targets next week. Not Expecting all. But some for sure.

5. And The CORONA Virus news is also there to Tumble the markets, So Can't hope any Recovery without the Proper Bottom in the Market. And We have Suggested the Bottom for Nifty and Banknifty.

                  Also Some Stocks are known as Market Movers for the Nifty and Banknifty has also crashed last week, RELIANCE, HDFCBANK, INDUSINDBK, LT, TITAN, KOTAKBANK, TCS Are form them.

                 Let me show some Major Breakdowns for the Stocks in Last week, 
    
                 Here they are,

                      RELIANCE SUPPORT BREAKDOWN

                           TCS SUPPORT BREAKDOWN

                             L&T SUPPORT BREAKDOWN

                 INDUSINDBK SUPPORT BREAKDOWN

                  But Market is Looking Fundamentally Strong, Dow jones also looking Fundamentally strong, So there is a chances of revovery in Coming trading sessions, But If Nifty is going to Follow the technicals so It will make new Lower low, Will make a new Bottom and then Go for Upside. 

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