Date: 19-03-2020
Subject: 1. How will you trade on 20-03-2020 after NIFTY FALLS -205 POINTS , Recovers 200 Points from
Opening price, Is the Bottom creation complete !
2. Today's Market Movers and News of the Day.
3. Levels for Nifty and Banknifty for 20-03-2020.
4. Results of given calls for 19-03-2020.
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 on 20-03-2020 after NIFTY FALLS -205 POINTS , Recovers 200 Points from
Opening price, Is the Bottom creation complete !
Nifty 50 closed DOWN by -205 Points (-2.42%)
Analysing Chart of Nifty 50 : 15 min Time Frame
Presenting the Chart of Nifty 50 of 15 Min time frame
> As we all know that Dow jones has been closed below 20K at 3 Years Low, SGX Nifty was also in red today morning, So It's affects Nifty and It;s given opening with Huge gap down of
-405 points.
> But But But, Today nifty's movement is looking like different from previous days, As we observed Nifty has closed by +200 Points from today's Opening.
> From some previous trading sessions we have seen that Nifty always given closing below it's opening, But today the Picture is bit different, Nifty has recovered +200 Points from it's opening.
> As per technical Views the Nifty has opened today at 8063, As we mentioned the 7901 Important Support for Nifty, the Nifty has Reached there quickly.
> After taking the major support of 7901 Nifty has given Sharp upside movement from the same level, Goes to the level of 8318.
> At the level of 8318, Nifty has consolidate their for sometime and then Goes for the Next Target Achievement of 8555.
(THE SAME LEVELS WE HAVE PROVIDED IN PREVIOUS BLOG)
> After taken 8555 as a Major resistance the Nifty has come down to 8318 as a Major support. and given closing at 8263, -205 Down from the Last closing, and +200 Points recovered from Today's opening.
So Now, What's the next? What's going to happens on 20-03-2020? What should be the Levels for 20-03-2020?
Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.
> As Nifty has closed at 8263 today, So the Level of 8318 is active as a Major resistance.
> As well the Level of 8088 is active as a Major support, We can see more down fall if Nifty breaking 8088 with High volume.
> 8440 is working as a Minor resistance for Nifty, 8555 target achievement possible if Nifty breaks with High volume the level of 8440.
> Also Dow jones is looking strong now, If SGX Nifty will open in green and sustain above sometime then we can see some Recovery in Nifty tomorrow. Let's see what happens in Global Markets in their 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 20-03-2020.
Now Let's Talk about Banknifty Chart Analysis.
Banknifty closed DOWN by -496 Points (-2.41%)
Analysing the Chart of BankNifty: 15 Min Time frame
Presenting the Chart of Banknifty 15 Min time Frame.
> As Nifty has given gap down opening today, Banknifty also have opened with Huge gap down opening about -1400 Points.
> So it has broken all the Levels which we provided in the Previous blog, But the Nifty has comes to recover itself then the Banknifty also come upside to recover and then Hitting targets as per Levels.
> As per Technical views Banknifty opens at 19428, Made low of 18680 as Day's low price, 18730 was active as a Major support, Bounced back from the nearest region and then comes to 19419 level.
> As 20418 was active as a Major resistance, Banknifty Tested it and fall down to the level of 20000.
> After consolidated at 20000 it has again goes to upside and Breaks the Level 20418 with High volume and then Achieved the target of 20693 as mentioned in the Last Blog, After breakout of 20693 it has made high of 21032.
> After tested the level of 20693, Consolidate their and fall down to other Support levels of 20418-20000 Respectively. and given closing at 20083, Above the support of 20000.
So What's the Next targets and Levels for the Banknifty ?
> For Banknifty as we can see the today's closing price is 20083, is above the Major support of 20000. Same level is tested by too much times in today's trading sessions.
> Banknifty has now Active major resistances are 20418-20693 respectively. and 19419 is acting as a Major support.
> If Banknifty breaks 19419 with High volume then we can see the Levels of 18700 again, the Same way if Banknifty breaks the Resistance level of 20418 with High volume then we can see the target achievement of 20693 and above respectively.
> As we can see the Banknifty as now at a 2 Major levels, We can see the Respective rally with the breakout or breakdown of any level with the High volume.
> DON'T FORGET THAT THE CORONA VIRUS NEWS IS ALSO TO AFFECT THE GLOBAL MARKETS AND INDIAN MARKETS AS WELL, STILL MARKET FOLLOWING SOME TECHNICALS, SO DON'T TRADE BLINDLY, FOLLOW LEVELS STRICTLY.
Sensex closed DOWN by -581 Points (-2.01%)
Now Let's Move to our second subject.
2. Today's Market Movers and News of the Day.
Bajaj Finance breaks a Crucial Support
ICICIBank breaks Major supports
AxisBank breaks Major Support
Maruti breaks Crucial Support
Hindunilvr breaks a Major Support
Mentioning some more Market Movers below
1. TCS
2. Asianpaint
2. Asianpaint
3. LT
4. Titan
5. HCL Tech
Let's have a Look at News of the Day.
> PM Narendra Modi Appeals for "Janta Curfew" on 22nd March 2020, From 7AM to 9PM
> Global Death reached to 8000 on 18th March due to Corona Virus
> Supreme Court orders Floor test tomorrow for MP Govt.
> Silver price comes down by 290 per Kg.
3. Levels for Nifty and Banknifty for 20-03-2020.
Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for 20th March 2020.
1. For Nifty Resistance No. (1) 8318 (2) 8555
For Nifty Support No. (1) 8150 (2) 8088
Market is totally Unpredictable nowadays. Strictly follow levels.
2. For Banknifty Resistance No (1) 20418 (2) 20693
For Banknifty Support No. (1) 20000 (2) 19400
Market is totally Unpredictable nowadays. Strictly follow levels.
4. Results of given calls for 19-03-2020.
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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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