Date: 15-03-2020
Subject: (1) Nifty Jumped by 365 Points, What should be your strategy & Levels for 16-03-2020?
(2) New Investors of Yes Bank and How can it's affect Yes Bank share price?
(3) Market movers and Stocks in the News
(4) CORONA VIRUS EFFECT Over India and How can it affects the Markets !
(4) Levels for Nifty and Banknifty for 16-03-2020.
Hey My Brothers & Sisters,
Hope your Day spends Good, Let's come to our Today's topics as I mentioned in Subjects.
(1) Nifty Jumped by 365 Points, What should be your Strategy & Levels for 16-03-2020?
(1) Nifty Jumped by 365 Points, What should be your Strategy & Levels for 16-03-2020?
First of all Let's talk about Conditions of Nifty, Banknifty and Sensex with the Chart of 15 Min Time Frame.
Nifty 50 Closed UP by +365 Points (3.81%)
Analysing Chart of Nifty 50 : 15 min Time Frame
Presenting the Chart of Nifty 50 of 15 Min time frame
> On the Last Trading session of Dow Jones it has been closed in Red by -2352 Points Over 10% of Fall and the SGX Nifty also -647 Points down in Trading session.
> By this effect Nifty has opened gap down with -482 Points, It was a very huge gap itself.
> By this Huge Gap down opening Nifty hits Lower circuit and as we all know that Market has Halted trading for 45min.
> These all happens due to Corona Virus news affecting all global Markets and also WHO has declared Corona Virus as a Pandemic all over the World.
Now Let's go with Technicals as mentioned in Above charts.
> As per technical views Nifty was already in the Rally of downside from over a Month because of Corona Virus News.
> Nifty opened by -482 Points gap down and opens at 9107, and Hits Lower circuit of 10%, As per NSE Rules market halted trading for 45 mins.
> After Re opening the market Nifty has made low of 8476 and then Bounced upside and Gives totally upside Movement from the Low.
> There was a level of 9458 as we mentioned in Previous blog, Nifty Hits that and then go for Next target 9690.
> Then it was Consolidated between 9458-9690 for sometime and then finally breaks the Resistance of 9690 and go for it's upside movement.
> By Hitting major Resistance of 9958 Nifty has made High of 10156 and then came back from there and given closing at 9955 near the Major resistance of 9958.
So Now, What's the next? What's going to happens on 16-03-2020? What should be the Levels for 16-03-2020?
Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.
> The support of 9958 is still active there for Nifty. As it's hits circuit breaker and bounced back from there.
> The Major resistance of 10156 is also active , the same level is the High price of 13-03-2020.
> As per my experience Now we can see some consolidation between the Resistance of 10156-10340 and the Support of 9690-9458.
> The reason behind the Consolidation is that Nifty is came back from the Lower circuit and now it's totally set to consolidate between the levels.
> Let's see How Dow jones and other Global markets behaving due to Corona Virus news and How it's affects our Indian markets.
> SGX Nifty and Dow jones How's reacting on their Trading sessions it is most important thing for 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 16-03-2020.
Now Let's Talk about Banknifty Chart Analysis.
Banknifty closed UP by +1195 Points (4.99%)
Analysing the Chart of BankNifty: 15 Min Time frame
Presenting the Chart of Banknifty 15 Min time Frame.
> As we all know Nifty was opens gap down in Pre open session By this effect Banknifty also given Huge gap down opening itself.
> By following the Sensex and Nifty the Banknifty has made low price of 21351 as day's low and 25670 as day's high price.
> As per technical views 21345 is major support for the Banknifty and by Nifty hitting lower circuit it was goes to achieve the same but as market halt trading it has reverts from 21351.
> 22977-23633 was a major resistance for Banknifty, After Successfully breakout for the both levels banknifty as goes for the Next achievement of upperside targets as mentioned in the Charts.
> After consolidating between 23633 and 24783 and after breakout of 24783 the Banknifty has made high of 23654 near the major resistance of 23674.
> From major resistance Banknifty came back to the Level 24337 and then given closing upper side at 25166.
So What's the Next targets and Levels for the Banknifty for Next?
> Banknifty has given closing at 25166 below the Support of 24783 and Resistance of 25674.
> As 24337 is another support for the Banknifty and as we mentioned above that expecting some Consolidation from here in Nifty, So Banknifty also going to Consolidate between the levels.
> 25674 is a Strong resistance for Banknifty, If it Breaks it with High volume then we can see the New levels of 25950-26200, These levels can possible with breakout of resistance.
> The supports of 24783-24337 are acting as a Major supports for Banknifty, If Global markets and Nifty is falling due to Corona Virus effect then Banknifty also can fall towards 23630-23200 itself.
Sensex closed UP by +1325 Points (4.04%)
As Nifty has reverts from the Lower circuit the sensex also shown the upwards movement and given the Huge movement of 1325 Points from Prevoius closing
Now Let's Move to our second subject.
(2) New Investors of Yes Bank and How can it's affect Yes Bank share price?
> As we all know that Yes Bank has facing the crisis from some times and Now it's in trouble.
> RBI has puts a limit of withdrawal of 50000 per month till 3 April on Yes Bank customers.
> But the Banks segment has comes to Help Yes bank and Pull out it from it's Trouble situation.
> As SBIN, Axis Bank, HDFC Bank, Kotak Mahindra bank, ICICI Bank , Azim Premji, Radhakishan Damani and Rakesh Jhunjhunwala are comes ahead to Help and Invest in Yesbank.
> Let's have a look that How much they are going to invest in Yes Bank, Show the Image below.
> By this news Yes Bank share price can Jumped to the New Highs from the current.
> It's Almost 15-17% High from the Low prices, And it's because of Nifty situation, The effect of these New investors news we will see tomorrow.
> So let's see what will happens tomorrow and How's Yes Bank share price goes with this news.
Now Let's move to our 3rd Subject
(3) Today's Market movers and Stocks in the news
As we all know that Nifty has Rebounded from the Lower circuit then the Market mover is Nifty itself for the 13th March 2020
.
For More information about it go to the Nifty 50 Chart Analysis topic above.
Still Mentioning some Most Active stocks Below.
1. SBIN
2. ICICI Bank
3. HDFC
4. TCS
5. BhartiArtl
6. SunPharma
Now Let's move to the News of the Day.
> Yes Bank gets new investors from Banking segment to Pull it out from the Trouble.
> Corona Virus positive cases number reached to 107 in India, 10 are recovered from it.
> Petrol price cuts 12 Paisa/ Ltr and Diesel price cuts by 14 Paisa/ Ltr.
> Finance minstry to check availability of borrowing from market to resolve Compensation issue.
> India has 107 Positive case of COVID-19. Maharashtra has Highest patients so far by 31 cases, 22 Cases from Kerala.
> All Airlines booking losses on cancellation of Ticket booking due to Corona effect : Indigo Airlines.
Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for 16th March 2020
1. For Nifty Resistance No. (1) 10050 (2) 10110 (3) 10156
For Nifty Support No. (1) 9830 (2) 9750 (3) 9690
Market is totally Unpredictable nowadays. Strictly follow levels.
2. For Banknifty Resistance No. (1) 25255 (2) 25400 (3) 25674
For Banknifty Support No. (1) 24783 (2) 24337 (3) 24000
Market is totally Unpredictable nowadays. Strictly follow levels.
YOU CAN CONSIDER SUPPORT AND RESISTANCE AS A TARGETS.
We weren't got Proper Technical analysis about stocks so we didn't provided the Calls for 13-03-2020
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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.
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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