Nifty UP by 5.83% (482) ,What should your Strategy to Trade on 23-03-2020 , and What should be Next Levels for Nifty! | Market Movers and News of the Day for Friday | Levels for Nifty and Banknifty for 23-03-2020 | Results of given calls for 20-03-2020.

                                                                                                                                 Date: 22-03-2020

Subject: (1) Nifty UP by 5.83% (482) ,What should your                                  Strategy to Trade on 23-03-2020 , and 
                    What should be Next Levels for Nifty! 

               (2) Market Movers and News of the Day
                             (For Friday- 20-03-2020)

               (3) Levels for Nifty and Banknifty for 23-03-2020

               (4) Results of given calls for 20-03-2020

Hey My Brothers & Sisters,

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

             (1) Nifty UP by 5.83% (482) ,What should your                                    Strategy to Trade on 23-03-2020 , and 

                    What should be Next Levels for Nifty! 

               Nifty 50 closed UP by +482 Points (5.83%)

    Analysing Chart of Nifty 50 : 15 min Time Frame

     Presenting the Chart of Nifty 50 of 15 Min time frame

> As Dow jones closed by +187 in thursday's trading sessions, and SGX Nifty also was in green by Friday morning. So Nifty 50 has opened Gap Up by +21 points.

> Already nifty has plunges more and more from Past weeks, So we have seen some Buying in Friday's session. But it doesn't means that Nifty has made the Bottom. 

> As per Technical analysis Nifty opened at 8284 at friday morning and then made low of 8178 after consolidated at the Resistance 8318.

> After that Nifty has broken the Resistance 8318 and then achieved the target of 8555 upperside from Previous closing.

> After the breakout of 8555 Nifty has reached 8726 and 8863 Respectively. 8863 was a Minor Resistance for Nifty. But Nifty has made now as a Major Resistance itself.

> From 8863 it has comes down and tested the Level of 8555. 8555 Level is tested again and again by Nifty. So We can consider it as a Major Level now. 

> After tested 8555 it's reached to 8726 and finally given closing at 8745 for the Day.

So Now, What's the next? What's going to happens on 23-03-2020? What should be the Levels for 23-03-2020?

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

> 8745 is Present closing for Nifty, it is between the Major Levels now, We can see Respective rally after the Breakout or Breakdown of respected Level. Let's Discuss it.

> 8726 is a Major Support for the Nifty, and 8863 is Major Resistance for Nifty. If Nifty breaks a Major support of 8726 then we can see the Levels till 8555.

> Upperside the Most active level is 8863 as a Minor Resistance. If Nifty breaks the same with High Volume then we can see the Rally till 8950-9000 Respectively.

> But there is a Corona Virus News is here to Plunge the market. In India the new cases are getting Positive day by day. And globally as well.

> By this news Dow Jones already closed down by -913 Points (-4.55%) on Friday's session. If SGX Nifty follows the same then we can see Lower levels tomorrow in Nifty.

> And the Lower Levels for Nifty are 8555, 8318, 8088 and 7900 Respectively.

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 23-03-2020.

        Now Let's Talk about Banknifty Chart Analysis.  

          Banknifty closed UP by +234 Points (1.17%)

Presenting the Chart of Banknifty 15 Min time Frame. 

> As nifty has given Gap up opening by +21 Points, but as we feels that Banknifty hasn't followed Nifty on friday's session.

> Banknifty has done totally opposite and given gap down opening by -415 Points and tested the support of 19419 immediately at opening time.

> After tested 19419 Banknifty has bounced back to the Resistance level of 20000. After breakout of 20000 with High volume Banknifty reached to targets of 20418, 20693 and finally given 20923 as Day's High price.

> After it the Banknifty falls down from there and breaks 20693 and 20418 supports as well, and Finally achieved the target of 20000.

> After consolidate their sometimes then it again goes up to 20418, tested it again and again, then given final closing at 20317.

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

> As Banknifty has closed at 20317, the closing price of banknifty has between 2 Major levels now, 1st is Resistance of 20418 and 2nd is Support of 20000. 

> But as we all know that Banknifty is Most volatile index ever, so it can breaks the nearest levels Immidiately.

> If 20418 is breaks by Banknifty with High volume then we can see the Upper levels of 20693 and 20962 Respectively.

> If Banknifty breaks level of 20000 then we can see the lower levels of 19700 and then 19420 and then 18730 respectively.

> In short we can see the Respected rally by the Breakout or Breakdown of Respected Levels.

       Sensex closed UP by +1627 Points (+5.75%)

> As we have seen some Buying in Friday's session then the Nifty and Sensex both ends up green and closed UP then previous closing.

Now Let's Move to our second subject.

         2.  Market Movers and News of the Day. (20-03-2020)

 ICICI Bank breaks the Major Resistance and Consolidate their 

                     

                      HDFC Breaks a Major Resistance 

                           

                        TCS breaks a 2 Major Resistances 

                      KotakBank breaks a Major Resistances 

                     InfoSys breaks a Major Resistances

          Mentioning some more Market Movers Below

1. BhartiArtl

2. Hindunilvr

3. AsianPaint

4. LT

5. HCLTech

Let's move to the News Of The Day

> Corona Virus affected patients number raises to 360

7 has been dead till now 

> Delhi, Rajasthan, Madhya Pradesh, Bihar, Maharashtra are locked down till 31st March

> In Gujarat, 4 Mega cities, Rajkot, Baroda, Surat, Ahmedabad has locked down.

> NSE allows stock brokers to work from Home.

> Emirates going to cancel all passenger flights from 26th March.

> Whole country follows Curfew today, Stays at home and being thankful to services which are serving in this Critical situation.

         3. Levels for Nifty and Banknifty for 23-03-2020.

Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for 23th March 2020.

1. For Nifty Resistance No.  (1) 8863 (2) 8950

    For Nifty Support No.  (1) 8726 (2) 8555 (3) 8318

Market is totally Unpredictable nowadays. Strictly follow levels.

2. For Banknifty Resistance No   (1) 20418 (2) 20700

    For Banknifty Support No. (1) 20000 (2) 19400

Market is totally Unpredictable nowadays. Strictly follow levels.

               4. Results of given calls for 20-03-2020.

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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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