Date: 18-03-2020
Subject: 1. How will you trade on Expiry day (19-03-2020) After Nifty falls -500 Points.
What's the Next Levels ( With Charts)
2. Today's Market Movers and News of the Day.
3. Levels for Nifty and Banknifty for 19-03-2020.
4. Results of given calls for 18-03-2020.
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 Expiry day (19-03-2020),
After Nifty falls -500 Points.
Nifty 50 closed DOWN by -498 Points (-5.56%)
Analysing Chart of Nifty 50 : 15 min Time Frame
Presenting the Chart of Nifty 50 of 15 Min time frame
> As the Dow Jones has been closed by +1000 Points, almost 5% in Green in last trading session, We were expecting some Upside recovery in Nifty today.
> SGX Nifty also was running in green today morning and By this effect Nifty has given Gap up opening with +121 Points today Morning.
> But the Corona Virus News is there to Plunge Nifty and New Positive cases are increasing for corona virus in India, Today it's reached to 151.
> By these Negative news the Nifty has started to give a Fall from the Top of the Day and at the End of the day given a fall of sharp 500 Points from the Top.
> As per Technical Views the Nifty is opened at 9088 and then Made high of 9125. Then came back to the Major supports 9020 and 8950 Respectively.
> After successfully breakdown of the Levels Nifty has given sharp fall to Next major support till 8726 as a Target.
> Consolidate there and breaks the Next Major support of 8555. The breakdown of Major supports can bring Nifty to 8500 the Same thing we have mentioned in Last Blog.
> After the breakdown of the Major support Nifty has given the Low price of 8408 and then given closing at 8468.
1. How will you trade on Expiry day (19-03-2020),
After Nifty falls -500 Points.
Nifty 50 closed DOWN by -498 Points (-5.56%)
Analysing Chart of Nifty 50 : 15 min Time Frame
Presenting the Chart of Nifty 50 of 15 Min time frame
> As the Dow Jones has been closed by +1000 Points, almost 5% in Green in last trading session, We were expecting some Upside recovery in Nifty today.
> SGX Nifty also was running in green today morning and By this effect Nifty has given Gap up opening with +121 Points today Morning.
> But the Corona Virus News is there to Plunge Nifty and New Positive cases are increasing for corona virus in India, Today it's reached to 151.
> By these Negative news the Nifty has started to give a Fall from the Top of the Day and at the End of the day given a fall of sharp 500 Points from the Top.
> As per Technical Views the Nifty is opened at 9088 and then Made high of 9125. Then came back to the Major supports 9020 and 8950 Respectively.
> After successfully breakdown of the Levels Nifty has given sharp fall to Next major support till 8726 as a Target.
> Consolidate there and breaks the Next Major support of 8555. The breakdown of Major supports can bring Nifty to 8500 the Same thing we have mentioned in Last Blog.
> After the breakdown of the Major support Nifty has given the Low price of 8408 and then given closing at 8468.
So Now, What's the next? What's going to happens on 19-03-2020? What should be the Levels for 19-03-2020?
Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.
> 8318 is Active as a Major support now. If Dow jones and SGX Nifty is making new lower low then we can see the Levels of 8088 and 7901 Respectively.
> The Level of 8726 is active as a Major Resistance now, Before it there is a 8555 is a Major Resistance, Nifty is closed at 8468 today, Nifty have to break the level of 8555 with High volume to reach the Major target of 8726.
> Tomorrow there is a Weekly expiry for Nifty and Banknifty options, so we can see the fall to Major support levels.
> Now let's wait for the Global Markets closing and specially Dow Jones and SGX Nifty to close 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 19-03-2020.
Now Let's Talk about Banknifty Chart Analysis.
Banknifty closed DOWN by -1574 Points (-7.11%)
Analysing the Chart of BankNifty: 15 Min Time frame
Presenting the Chart of Banknifty 15 Min time Frame.
> As Nifty has given Positive opening today morning, Follows it and Banknifty also given a Positive opening today for over +300 points.
> But the fear of Corona Virus news is makes Panic the markets, and the Greens are suddenly fall down to red as we can see in charts.
> As per technicals the Banknifty has breakdown the level of 21870 first with the High volume at morning session.
> After the successfully breakdown of 21870 Banknifty has reached down at the Next target 21345
> 20693 was a major support for the Banknifty and after breaks this support the Banknifty has fall down to another major support of 20418 respectively as mentioned in Charts.
So What's the Next targets and Levels for the Banknifty ?
> Banknifty has given closing at 20580 today, so there is as mentioned in charts there is 20693 is Major resistance now for Banknifty. and 21345 is also active as a Major resistance now
> Let's see about the support of Banknifty is there is a Active major support of 20418 and Next one is 20000.
> Tomorrow as Expiry of Banknifty and Nifty options then we can see the Lower levels in Second half as always.
> For now Banknifty is consolidating between 2 major levels of 20693- 20418.
> Both levels are Important as well. 20693 is a Major Resistance and 20418 is active as a Major support as well.
> We can see the Respective rally with the Breakout or Breakdown of any one Level with the High Volume.
Sensex closed DOWN by -1709 Points (-5.59%)
Now Let's Move to our second subject.
2. Today's Market Movers and News of the Day.
IndusindBK breaks a Crucial support
HDFCBank breaks Crucial support
ICICIBank breaks Major support and Makes another one
Reliance breaks a Crucial Support
AxisBank breaks 2 crucial support
Some more Market Movers mentioned Below
1. Bajaj Finance
2. HDFC
3. Kotak mahindra
4. Bharti Airtel
5. Infosys
Let's have a Look at News of the Day.
> Corona Virus Positive cases increased to 151 in India
Maharashtra at 1st for 44 Positive cases
17 Positive in Uttar Pradesh
> RBI to buy Securities of Govt. dated worth Rs. 10000 Cr.
> Indian Railways cancelled 60% ticket bookings due to
Covid-19
> China declared Wuhan is a Safe now, I.e Wuhan is safe now from Corona Virus, Shut down there Last Hospital of Corona Virus cases.
> Gold price gains to Rs. 40500 per 10 Grams after 6 Days fall.
3. Levels for Nifty and Banknifty for 19-03-2020.
Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for 19th March 2020.
1. For Nifty Resistance No. (1) 8555 (2) 8650 (3) 8726
For Nifty Support No. (1) 8400 (2) 8318 (3) 8240
Market is totally Unpredictable nowadays. Strictly follow levels.
2. For Banknifty Resistance No (1) 20700 (2) 21000 (3) 21300
For Banknifty Support No. (1) 20420 (2) 20000
4. Results of given calls for 18-03-2020.
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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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