NIFTY closed UP by +190 (2.51%) , What's next scenario to trade for 25-03-2020! | Key Points of today's Speech by FM Nirmala Sitaraman | Whole India going under Lockdown from Midnight , till 15 April | Today's Market Movers and News of the Day | Levels for Nifty and Banknifty for 25-03-2020

                                                                                                                                Date: 24-03-2020

Subject: 1. NIFTY closed UP by +190 (2.51%) , What's the Next scenario to trade for 25-03-2020?

2.  Key Points of today's Speech by FM Nirmala Sitaraman 

3. Whole India going under Lockdown from Midnight , till 15 April

4. Today's market movers and News of the day

5. Levels for Nifty and Banknifty for 25-03-2020.

Hey My Brothers & Sisters,

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

        1. NIFTY closed UP by +190 (2.51%) , What's the Next scenario to trade for 25-03-2020?

Nifty 50 closed UP by +190 Points (2.51%)

Analysing Chart of Nifty 50 : 15 min Time Frame

 Presenting the Chart of Nifty 50 of 15 Min time frame

> Yesterday we mentioned in the Blog that we can see recovery in Nifty, As we all knows that Nifty has opened with Gap up by +238 Points.

> Opening price of Nifty was 7848, Then Nifty has given more and more volatality for today, As we seen made low of 7512 and then bounce back from there and make a rally towards 8000.

> As per Technical views Nifty opens at 7848 then tested the level of 7900 and then Breaks it's major support of 7707.

> After the breakdown of 7707 with High volume Nifty has tested the support of 7500 Respectively as we mentioned in the previous Blog.

> From 7500 Level Nifty has bounced back and then breaks the Major resistance level of 7707 and 7901 Respectively with high volume.

> It's makes rally towards 8000 and then consolidate at the level of 7901. and after breakdown of the same given closing at 7801.

So Now, What's the next? What's going to happens on 25-03-2020? What should be the Levels for 25-03-2020?

Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.

> Nifty's current price is now at 7801, between two important levels.

> 7901 active as a major resistance and 7707 is active as a Major support.

> Breakout of 7901 and 8000 with High volume can achieve the target of 8100-8200-8300 Respectively.

> Successful breakdown of 7707 can achieve the downside the targets of 7508 which is active as a Major support.

> Dow jones is running in green now at almost +9%, +1600 points, If SGX also should in Green tomorrow morning then we can see More positive movement in Nifty.

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 25-03-2020.

Now Let's Talk about Banknifty Chart Analysis.  

        Banknifty closed UP by +189 Points (+1.12%)

Presenting the Chart of Banknifty 15 Min time Frame. 

> As Nifty opened today morning by +238 Points , by followed the same Banknifty also given gap up opening by +690 Points.

> After giving gap up opening Banknifty has suddenly breaks the support level of 17573 with High volume as we can see in charts.

> After the breakdown of the level of 17573 Banknifty has makes the downside rally till 17011, Breaks the same level with High volume and goes for Next downside target 16209. 

> All levels and Target achievement mentioned in the Image.

> After tested the 16209 level banknifty bounced back from there and breaks the upside level of 17011 again , but now as a resistance, Then achieved the next target of 17573 also as resistance as well.

> After tested the 17573 Banknifty has comes down to 17011 level and then given closing at 17107.

So What's the Next targets and Levels for the Banknifty ?

> As we can see that current price of Banknifty is between 2 major levels mentioned in chart.

> First one is the Resistance of 17573 and 17011 is active as a Major support.

> We can see Respective rally with the Breakdown of the Level either Resistance or Support.

> If Banknifty breaks the level of 17000 with High volume then we can see downfall till 16600-16200-15850 Respectively.

> But as Dow jones in Green, (If closing in Green) then Expecting some more recovery in Nifty, So if Banknifty breaks 17500 with High volume then we can see target achievement till 17500-18100 respectively.

> So keep in mind these levels and put it on your charts, you will get better results with the same.

              Sensex closed UP by +692 (2.67%)

As Nifty given some recovery today and also Global markets given closing in Green, That's why Sensex closed Up by +692 Points.

Now Let's Move to our second subject.

  2.  Key Points of today's Speech by FM Nirmala Sitaraman 

> The Last date to file Income Tax returns will be extended to 30 June 

> Debit card holders can withdraw cash from any ATMs for free of charge for 3 months.

> last date for Linking Aadhar with PAN card extended to June 30

> Last date for File GST returns extended to June 30.

>Interest rate on delayed payments reduced to 9% from 12% for FY 2019

Let's Move to our 3rd Subject about Country Lockdown

3. Whole India going under Lockdown from Midnight ,

     till 15 April

> As Honorable Prime Minister Narendra Modi adressed the Nation at 8 PM and Declared that From Midnight the Whole India going to be Lockdown for 21 Days.

> LockDown applicable from Midnight 12 AM to 15 April exact 21 days.

> Also PM says that this is one and only way to be safe from Corona Virus, SO Stay at Home, Stay Healthy.

> If you aren't follow the 21 Days lockdown, then the country will get back by 21 Years: PM

> Protect yourself, Protect your family, Eat Healthy food, Keep learning something new: Expert Traders

> Whole country will under Lockdown, But stock markets will remain Open during lockdown.

4. Today's market movers and News of the day

ICICIBank tested support and Bounce back

Reliance breaks Major Support & Resistance as well

                                  InfoSys breaks Major Resistance today

          Hindunilvr breaks Major Resistance by Opening

                     HCLTech breaks Major Resistance today

Mentioning some more Market Movers below

1. Titan

2. NestleIndia

3. Tatamotors

4. Britannia

5. TechMahindra

Let's move to the News Of The Day

> Corona Positive cases Increased to 500 in India

> Maharashtra at Top by Positive cases of COVID-19

> PM Narendra Modi declares lockdown for whole india for 21 days from Midnight. till 15 April

> Indian Rupee settles 26 Paisa high at 75.94 against USD

> Gold price at 42000 per 10 grams, Silver up by around 3500.

      5. Levels for Nifty and Banknifty for 26-03-2020.

1. For Nifty Resistance No.  (1) 7900 (2) 8000 (3) 8100

    For Nifty Support No.  (1) 7707 (2) 7508

More down side target possible.

Market is totally Unpredictable nowadays. Strictly follow levels.

2. For Banknifty Resistance No   (1) 17573  (2) 18000

    For Banknifty Support No. (1) 17000 (2) 16600 (3) 16100

Market is totally Unpredictable nowadays. Strictly follow levels.

We haven't provided calls today because we didn't get proper Analysis to make a Levels.

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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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