How should you trade and What should strategy on 06-03-2020 after Expiry day? | Nifty Closed UP by 18 Pts |What's happens for SBI Card IPO Final day of Subscription| Reason behind YESBANK jumps 29% | Levels for Nifty and Banknifty for 06-03-2020 | Results of given calls for 05-03-2020 to Paid Clients.

                                                                                                                                 Date: 05-03-2020

         Subject: (1) Today's Market condition of Nifty. Banknifty Sensex
                        (2) What's Happening on SBI Card IPO on Final day?

                        (3) Today's Market Movers and News of the day.

                        (4) Levels for Nifty and Banknifty for 6th March 2020
                        (5) Results of Given calls to Paid Clients for 05-03-2020

                                  Hey My Brothers & Sisters,

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

(1) Today's Market condition of Nifty. Banknifty & Sensex

First of all Let's talk about Today's Conditions of Nifty, Banknifty and Sensex with the Chart of 15 Min Time Frame.

                       Nifty 50 Closed UP by +18 Points (0.16%)

         Analysing Chart of Nifty 50 : 15 min Time Frame

           Presenting here the Chart of Nifty 50 with 15 Min time frame. First of all Let's talk about DOW JONES, the Dow Jones closed by +1173  (+4.53%) But SGX Nifty was in Red at morning session. By the effect of Dow jones Nifty has opened Gap up with +56 Points. And As we mentioned that Bullish Harami pattern is there to Boost up the Nifty and the target given 11400-11450. Hence today Nifty has given effect of it and made high of 11389, Only 11 Points far from the Target of 11400.

          Now Let's Analyse it Technically, Nifty opened up with 48 Points and As we can see in the chart there is a Major support at 11250, After opening it's sustains upper side of the support and Just touched the support of 11250 and then Boosted up to the 11400 Respectively. There is found supply and Demand zone between 11355-11420. As we can see that from the Supply Demand zones it has Dropped down and also today is Expiry day for Nifty and Banknifty options,  so it has Declines total -140 Points from the  Day's high price.

          So Now, What's the next? What's going to happens tomorrow?
 Let's Discuss it. 

          As we know that there is a CORONA VIRUS NEWS and because of that the Market is behaving totally Unpredictable. By Going with Technical Analysis there is a Minor Resistance at 11320. and Major support of 11250, 11180, 11150 Respectively. After the Breakdown of 11250 with High Volume Nifty can comes down to the Levels of 11220, 11200, 11180, 11150. And Still Bullish Harami pattern is there and the target of 11400-11450 is still Fresh. So Expecting Nifty to touch that Levels by Next week in coming Trading sessions by Breakout of 11300 it can goes again for the Targets of 11350, 11400, 11450.

       

          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 06-03-2020.

        Now Let's Talk about Banknifty Chart Analysis.

                  Banknifty closed UP by +161 Points (0.56%)

      Analysing the Chart of BankNifty: 15 Min Time frame

         Presenting the chart of Banknifty 15 Min time frame. As today morning Nifty has given Gap up opening by +56 Points, and Same Banknifty has opened +160 points. There is still supply demand zones at 28565-27728. Hence, Banknifty comes in the zones and Go back to the up side movement respected to Recovery of Nifty 50. By the end of the Day and Due to Expiry of Nifty and Banknifty options Banknifty has Declined by -396 Points from the Day's High price. 

           As per the Technicals the Banknifty has opened Gap up about +160 Points and then comes back to the Major support of 28558, Just tested it and Respecting Nifty it has also recovers Upside movement till 29132 as Day's high after the breakout of 28770. Then Sustained sometimes at 29050. and then came back to the Support at 28770. 

          Tomorrow the level of 28770 is Still active to achieve by the Banknifty, Is it's successfully breakdown with the High volume the Banknifty can reach 28558-28300-28140 respectively.  and Upper side the levels of 29050 is Important level to break to reach at 29300-29400-29500 Respectively. 

         
            Sensex closed UP by +61 Points (0.16%)

         As a Nifty Banknifty and Dow jones ended up with Green, Closed Up, So Sensex also has been Closed UP by +61 Points (0.16%)

                    Now Let's Move to our second subject about SBI Card IPO.

     (2) What's Happening on SBI Card IPO on Final day?

          Let's have a look at some interesting facts about SBI Card IPO Subscription on it's Final day.

      SBI Card IPO has oversubsribed 26 times, also the HNI's subscription reached at 44 times.

     The QIB's portion has subscribed by 57.18 times on it's closing day 4th March 2020.

     The offer has been received greater than 263 crore equity shares against the IPO size of over 10cr. shares

-Source: Exchange data.

      The Portion of Employees has been subscribed by 4.73 times. and the Shareholders of SBIN has oversubscribed by 25.8 times.

      IPO has generated 2768 crore from the Anchor book which closed on 28th Feb.

      Today 5th March is the final day of the IPO subscription and IPO is already oversubscribed, and yes, It will rock by Day by day. After all it's the Biggest IPO after 2017.

       Have you subscribed it? Comment your answer.

           Now Let's move on our 3rd Subject for the Blog.

          (3) Today's Market Movers and Stocks in News.

       The Market Movers stocks are these which Makes the direction for the Nifty 50, Sensex and Nifty Bank. The stocks which price is Fluctuated most and Makes market moves Upside or Lowerside. So those Stocks are Known as Market Movers.

         Let me show you some Today's Market Movers stocks with Images.

   Reliance has breaks again major support today and started consolidation

         YESBANK bounce back from Major support

     (News is there in Yesbank, Posting in News section)

     KOTAKBANK bounce back from the Major Support

   ASIANPAINT has bounced back 2 days ago, Still up

         Some More Market Movers Mentioned below:

1. SBIN

2. HDFCBANK

3. BAJAJ finance 

4. BhartiAirtel

5. EicherMotors

               Now Let's move to the News of the Day.

           Yes Bank Share jumps more than 29% today as                 Government asks to SBI and LIC to buy stack in               Struggling YesBank. 

  

 Gold price rises for 4th Day to Rs. 43373 per 10 Gram.

Silver slips Rs.35 per Kilogram.

Rupee Gains after 5 Days, Closed 6 Paisa Higher today

        

       Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for 6th March 2020

1. For Nifty Resistance No.  (1) 11275 (2) 11325 (3) 11350

    For Nifty Support No.  (1) 11250 (2) 11220 (3) 11175

2. For Banknifty Resistance No. (1) 29000 (2) 29100 (3) 29250

    For Banknifty Support No. (1) 28770 (2) 28600 (3) 28500

              YOU CAN CONSIDER SUPPORT AND RESISTANCE AS A TARGETS. 

Now Publishing the Results of Given calls for 

Today (05-03-2020) to our Paid Clients

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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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