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
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
(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.