Date: 06-03-2020
Subject: 1. How will you trade and What should be the Levels for Monday 09-03-2020 After the Fall of Nifty
And Reasons behind the Sudden Fall of Nifty
2. RBI Actions on YesBank and It's Reactions today on YesBank Share Price
3. Today's Market Movers and Stock in the News
3. Today's Market Movers and Stock in the News
4. Levels for Nifty and Banknifty for Monday (09th March 2020)
5. Results of given calls for 06-03-2020
Hey My Brothers & Sisters,
Hope your Day spends Good, Let's come to our Today's topics as I mentioned in Subjects.
1. How will you Trade and What should be the Levels for Monday (09-03-2020) After today's Fall Of Nifty?
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 Down by -289 Pts. (-2.57%)
RBI has put Rs 50,000 withdrawal limit on Yes Bank till April 3 and the bank is also not allowed to lend, disburse payments.
1. How will you Trade and What should be the Levels for Monday (09-03-2020) After today's Fall Of Nifty?
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 Down by -289 Pts. (-2.57%)
Analysing Chart of Nifty 50 : 15 min Time Frame
As we know that Dow Jones has closed by -969 Points (-3.58%) on Last Trading session due to the Effect of CORONA VIRUS NEWS. The News of Corona Virus has been affects the Stock Markets Globally and all Markets has been crashed since last week. As well as the SGX Nifty also was down by -350 Points, So the Indian Markets Follows SGX Nifty very cruely. So Nifty 50 also opened Gap down by -326 Points.
Now let's see the chart with Technicals, The Major support of Nifty 50 is at 10850-10800 Respectively. Nifty opened at 10942 and Made low at 10831 after the Slight breakdown of the Support 10850. Actually we have Predicted the target downside are 10800-10650 Respectively but that time our Blog channel hasn't activated yet. So providing the Levels now. At the upperside of the opening there is the Resistance of 10980 has been Listed.
So Nifty is Sustained there for a Long time and after the Breakout of 10980 it has been go for the Resistance at 11040, But it has reached at 11034 as Day's High price. Overall this is the effect of Global Market crash.
So Now, What's the next? What's going to happens on Monday? What should be the Levels for Monday? Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.
As we mentioned above that there is a targets and Supports as well are 10850-10800. They are still active and if Global Markets Hits new lower low in Next week then Nifty will surely achieve the Targets of 10800-10650 Respectively. But Nifty made a Minor support at 10880. From the current price there is the Resistance of 11040 and the support of 10980 are still active. So you can make the Lines at the Levels mentioned in this Para. And the Corona Virus News is still here to Tumble the Markets. So Expecting More downside levels by Next Trading sessions.
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 09-03-2020.
Now Let's Talk about Banknifty Chart Analysis.
Banknifty closed DOWN by -1013 Points (-3.52%)
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 down opening by -326 points. Banknifty has also opens gap down by -1138 points. The Banknifty is mostly follows Nifty movements, So it's also opens gap down and makes 27200 as Day's low. As Nifty recovers itself by second half so Banknifty also have recovered and make 28042 as day's High.
As per technical Views there is a Major support at 27200 for Banknifty. It has just tested today and go for the Recovery of the Bad fall. 27595-27800 is Supply Demand zones for the Banknifty as we can see in the charts. Major Resistance listed at 28125. It's hasn't been tested till now. But As Nifty Likely to touch 10800 in Next week And if exists in next week then it can test 28125 and then it can fall down from there.
So 27200 is Still active support for the Banknifty for the Coming trading sessions. The final downside target as per Technical views 28650.
And Corona Virus News is still exists. So we can't Predict now for sure. But you can trade by Mark the levels provided in the Para.
Sensex closed Down by -893 (2.32%)
As a Nifty and Banknifty has closed in Red and The Corona Virus News affects the Markets Globally so the Sensex is also closed in Red by -893 (2.32%)
Now Let's Move to our second subject.
2. RBI Actions on YesBank and It's Reactions today on YesBank Share Price.
Now Let's see next what happens today with YesBank stock today?
By this News YesBank Stock falls more than -56% and Made low of Rs. 5 and closed at Rs. 16.
But the SBI's chairman makes a trust to Public that YesBank isn't going to Struggle anymore. All Account Holders and Depositers as well didn't need to worry about there money invested in the Stock and in their Bank account as well.
Some More facts which has been Desided today
- Yes Bank’s authorised capital to be altered to Rs 5,000 crore
- Number of equity shares reduced to 2,400 crore of face value Rs 2
-Investor bank to hold 49 percent stake in the reconstructed bank. It will acquire this stake for not less than Rs 10
- There is a three-year lock-in period for such investors. They also cannot reduce their holding below 26 percent
- The investor bank (State Bank of India) can appoint two nominee directors
- RBI may appoint additional directors to the reconstructed bank’s board
- No change has been made in the rights and liabilities of the reconstructed bank
- Bank’s Additional Tier 1 capital written down completely and permanently
- Account holder won’t be entitled to receive any compensation from the reconstructed bank
- The terms of service and remuneration of all employees of Yes Bank will continue to remain the same.
Now Let's move to our Next Subject
3. Today's Market Movers and Stock in the News
Yesbank Breaks Major support today
(Will update News facts in News section about YesBank)
Reliance Breakdown major support by Opening
Indusindbk has Broken all Major supports and Makes new Low price today
Some More Market movers Mentioned Below
1. Axisbank
2. HDFC
3. Tatamotors
4. Infosys
5. Kotakmahindra
Now Let's move to the News of the Day.
Yes Bank Share dropped more than -56% today as RBI puts a Limit withdrawal of 50000 till 3rd April
BSNL Losses over 2.5 times to Rs. 39000Cr in
April -December 2019
Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for 9th March 2020
1. For Nifty Resistance No. (1) 11000 (2) 11090
For Nifty Support No. (1) 10980 (2) 10900 (3) 10850
Market is totally Unpredictable nowadays. Strictly follow levels.
2. For Banknifty Resistance No. (1) 28000 (2) 28050 (3) 29000
For Banknifty Support No. (1) 27800 (2) 27850 (3) 26600 (Final)
Market is totally Unpredictable nowadays. Strictly follow levels.
YOU CAN CONSIDER SUPPORT AND RESISTANCE AS A TARGETS.
5. Results of given calls for 06-03-2020
Market has opened with Big gap down hence calls aren't activated
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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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Expert Traders Team,
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