Date: 17-03-2020
Subject: 1. Why Nifty shown this type of Movement today!
How will you trade and What should your Strategy for 18-03-2020?
2. Why Yes Bank jumps over 58% today?
3. Today's market movers and News of the day.
4. Levels for Nifty and Banknifty for 18-03-2020.
5. Results of given calls for 17-03-2020.
Hey My Brothers & Sisters,
Hope your Day spends Good, Let's come to our Today's topics as I mentioned in Subjects.
1. Why Nifty shown this type of Movement today!
1. Why Nifty shown this type of Movement today!
How will you trade and What should your Strategy
for 18-03-2020?
First of all Let's talk about Conditions of Nifty, Banknifty and Sensex with the Chart of 15 Min Time Frame.
Nifty 50 Closed DOWN by -230 Points (-2.50%)
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 Yesterday Dow Jones has closed down by over -2000 Points, But the SGX Nifty today Morning was
running in Positive by +133 Points
> Nifty 50 and SGX Nifty are follows each other Most Probably we have seen as per our Experience. So Nifty has Opened +88 Points Positive today Morning.
> Also there is Corona Virus news which Affecting Global Markets very Badly, So that Nifty has shown us Just like a Roller Coaster ride today.
> It's Opens Positive, Then came down, Then Again goes Up, Consolidate upside till the second Half, and then Finally given closing for -230 Points from the Previous closing.
> As per Technical Views Nifty has opened at 9285 today Morning. Suddenly given fall to the Levels of 9095-9020 Respectively which are Major supports as we mentioned in Last Blog.
> Exact from 9020 Support Nifty has bounced back and made High of 9400, Given 380 Points of Gain from 9020.
> Then came down to the support level of 9280. Consolidate their over 1.30 Hours and then given final breakdown and given fall till Major support levels 9095-9020-8950
(These all Levels we have Mentioned in Last Blog)
> After breakdown of the Major supports Nifty has made 8916 as Day's Low price.
So Now, What's the next? What's going to happens on 18-03-2020? What should be the Levels for 18-03-2020?
Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.
> 8950 is working as a Major resistance for a Nifty, However it is Very near from Nifty's current price.
> Next Major support listed at 8850 and 8726 is a Very very Major support for Nifty.
> If Nifty Breaks level of 8726 with High volume then we can see the Lower levels till 8550-8500 Respectively.
> If taking resistance then the Major resistance listed at 9020 now, Then the Next one is 9095 now.
> 9020-9095 were major supports till now, But Nifty has changed them as a Major resistance now.
> Now Let's see how's Dow Jones and SGX Nifty performing in their trading sessions. Remember, The markets are driven by a news nowadays. Do not trade blindly.
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 18-03-2020.
Now Let's Talk about Banknifty Chart Analysis.
Banknifty closed DOWN by -946 Points (-4.10%)
Analysing the Chart of BankNifty: 15 Min Time frame
Presenting the Chart of Banknifty 15 Min time Frame.
> As we know that Nifty has opened Gap up with +88 Points, By following the Same Banknifty has also opened with the Gap up of +248 Points.
> As per technicals the Market sentiments are totally bearish due to the Corona Virus effect, the Banknifty has opened gap up, But Suddenly fall down to support of 22468.
> From the same level Banknifty started to rising and made high of 23436. Almost 1000 Points gain in just Half an hour.
> Came down again to the Levels of 22977 and consolidate their over 2 hours and then Finally breakdown the Level of 22977-22468 and made low of 22006 for the Day.
So What's the Next targets and Levels for the Banknifty for Next?
> Today's Banknifty closing price is 22155. It's between 2 major levels.
> The Major support is 21870 and the Major resistance is 22468. The Both of levels are very sensitive.
> If Banknifty breaks the level of 21870 then we can see the downfall till 21300 for Intraday. If Banknifty breaks the resistance of 22468 with High volume then we can see the Higher level till 22977-23200 Respectively.
> Let's see that Which level Banknifty breaks tomorrow, It may the Direction of this Expiry.
> So there are the Major supports and Resistance levels for tomorrow and for Swing as well. Now let's see how Global markets reacts on their Trading sessions.
Sensex closed DOWN by -810 Points (-2.58%)
Now Let's Move to our second subject.
2. Why Yes Bank jumps over 58% today?
> As we know that the Companies from Bank sectors and the Bulls Investors comes ahead to Help yes Bank and Pull it out from the Trouble
> By this and the SBIN is the Main Promoter of Yes Bank now, because the Main support of SBIN has Yes Bank got first. and Also SBIN has bought 49% stack in Yes Bank
> Also Yes Bank declared yesterday that the All Banking services they are going to start from 18th of March from 6 PM Onwards
> So that the Customers can Avail full Banking services from 19th March Onwards.
> By all Above the Positive news for Yes bank, The share price has Jumped over 58% today
> The Opening price for Yes Bank at today morning was 40, Made high for today is 64, and Given closing at 59.15.
Now Let's move to our 3rd Subject
3. Today's market movers and News of the day.
IndusindBank Reached to Major support today
AxisBank breaks Major support today
KotakBank comes Major Support from Major Resistance
Titan continues consolidating on Major support
Some more Market Movers mentioned Below.
1. UPL
2. HDFC Bank
3. AxisBank
4. SBI
Let's have a Look at News of the Day.
> Gold Price continues falls for 6th Day, Rs. 36500 per 10grams.
> Global death Number reaches to 7000 from Corona Virus : Reports.
> Sun Pharma approves 1700 cr. Share Buy back Offers.
> West Bengal reports 1st Positive case for Corona Virus today.
Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for 18th March 2020.
1. For Nifty Resistance No. (1) 9020 (2) 9095
For Nifty Support No. (1) 8850 (2) 8726
Market is totally Unpredictable nowadays. Strictly follow levels.
2. For Banknifty Resistance No (1) 22468 (2) 22750
(3) 22980
For Banknifty Support No. (1) 21870 (2) 21350
Market is totally Unpredictable nowadays. Strictly follow levels.
YOU CAN CONSIDER SUPPORT AND RESISTANCE AS A TARGETS.
5. Results of given calls for 17-03-2020.
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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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