What should your Strategy for 04-03-2020! After NIFTY CLOSED @11303, +170 (1.53%), What's reason behind it! ,Is Bottom Creation Completed? | What's Happening on 2nd Day of SBI Card IPO, With Personal Openion | Levels for Nifty and Banknifty for 04-03-2020 | Today's Market Movers | Global Markets & Stocks in the news.

                                                                                                                Date: 03-03-2020

 

         Subject: (1) Today's Market condition of Nifty. Banknifty & Sensex
                        (2) What's Happening on SBI Card IPO on 2nd Day?
                             (With Personal Openion for Should you Subscribe or not?)
                        (3) Today's Market Movers,
                        (4) Stocks in the news and Global Markets
                        (5) Levels for Nifty and Banknifty for 4th March
                        (6) Results of Given calls to Paid Clients for 03-03-2020

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

(1) Today's Market condition of Nifty. Banknifty & Sensex

           First of all Let's talk about Today's Conditions of Nifty, Banknifty and Sensex with the Chart of 15 Min Time Frame.

          Nifty 50 Closed UP by (+170 Pts.) (1.53%)

       

        Analysing Chart of Nifty 50 : 15 min Time Frame

           Presenting here the Chart of Nifty 50 with 15 Min time frame. First of all Let's talk about DOW JONES, the Dow Jones closed by +1293 Points, (+5.09%), And Also SGX Nifty was in Green, They both are Boosted up Nifty today and Nifty has opened Gap up with +84 Points and Performed at a Bullish side direction and at the end of the market Nifty has closed by +170 Points (1.53%)

         Technically As we all can see the levels of Support and Resistance zones. There is a Supply Demand zone between 11165-11130, Hence Nifty came here, Sustained here and Go back to Upside Movement. After Opening Nifty has touched the Resistance of 11317 and come back to 11177 at Major support. Then there is also Supply Demand zones so It's strong signal to make Nifty for Upwards movements.

            After taking support of 11177 It's come up again to the 11317. Slightly Breaks the Level of 11317 and Made high of 11342 for the Day's High. 

           So Now, What's the next? Is Downside Bottom Done? Is Downside Rally Done? Is Nifty going to Make new Higher Highs in Next Trading Sessions? Answer in Next Paragraphs.

           In Nifty 50 the Chart time frame with 1 Day, It's Made a Pattern Named BULLISH HARAMI. Generally this Pattern is called Bullish Pattern. So now From here Nifty can Go up till 11425-11450 Level, Because There is Major Resistance, And the Boost up is Bullish Harami Pattern to make a Nifty make a Rocket for the Next Level.

           Presenting a Bullish Harami pattern which Nifty 50 has made today in Image.

                                     

           

            The Pattern marked in the Chart is Called Bullish Harami pattern. It can boost up Nifty till the Levels 11425-11450. 

               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 04-03-2020.

               

             Now Let's Talk about Banknifty Chart Analysis.

           Banknifty Closed up By +308 Pts. (+1.07%)

    Analysing the Chart of BankNifty: 15 Min Time frame

            Presenting the chart of Banknifty 15 Min time frame. Today Morning as we all know the Nifty has opened by +85 Points , Respectively the Banknifty also opened Gap up more than +110 points. And Breaks the support at 29043 and made low of 28755 for the Day's low. 

         As Nifty has Boosted up after touching major Resistance, the Banknifty also has boosted up and Again cut the 29043 Level as a Resistance. And closed at the Near of the Day's high at 29240. Hence the Day's High price was 29280. 

          There isn't any Major Levels found in Banknifty charts, But Nifty has mostly Looking Bullish till 11425-11450, So Banknifty can go till 29600-29800 in Next Trading Sessions. 

           

           Sensex closed UP by +479 Points (+1.26%)

                As a Nifty, Banknifty and Mostly Dow Jones has Closed with Green at the End of the Trading Session, The Sensex also Jumped +479 Points (1.26%) today.

            Now Let's Move to our second subject about SBI Card IPO.

             

       (2) What's Happening on SBI Card IPO on 2nd Day?

            

              SBI Cards IPO gets Over 87% Subsription on the 2nd Day of Subscription. Mostly IPO applied by Retailers and Employees.

              SBI Cards is well positioned for continued growth given its strong market position with diverse product offerings, healthy financials, stable asset quality, and sustained support from promoter SBI.

            The Retail investors Subscribes IPO by 1.21 Times, by Employees it's subscribed by 1.84 Times, and SBI Shareholders subscribed IPO by 1.4 times.

          The reserved portion of qualified institutional investors has subscribed 21.52 percent, while that of non-institutional investors category saw subscription of 47.06 percent.

          At upper end of price band of Rs 750-755 per share, the IPO is priced at 13.5 times post issue FY20 book value and 45.8 times post issue FY20 EPS (annualized).

  Now Coming to my Personal Openion for the SBI Card IPO,

Should you Subcribe it or not?

          At present, SBI holds 74 percent stake in SBI Card while CA Rover holds 26 percent. Their stakes will be reduced to 69.51 percent and 22.40 percent, respectively, after the issue.

          And As we mentioned above in the SBI Card IPO section, So feels from that the IPO is going to be Oversubscribed, So my Personal Openion about IPO is Yes, You can Subscribe it. 

It's My personal View, There isn't any Compulsion to apply it or not.

                           (3) Today's Market Movers

        Now Let's Move to 3rd Subject, Today's Market Movers, Maybe guys you are thinking that What are these Market Movers! 

                    Answer is The Market Movers stocks are these which Makes the direction for the Nifty 50, Sensex and Nifty Bank. The stocks which price is Fluctuated most and Makes market moves Upside or Lowerside. So those Stocks are Known as Market Movers.

                   Let me show you some Today's Market Movers stocks with Images.

        Reliance Comes back after tests Major Support

          ICICI Bank Getting Rejection from Support

      Bajaj-Finance Getting Rejection from Major Support

          SunPharma Bounce back from Major Support

Some More Market Movers Mentioned below: 

1. Infosys

2.TCS

3. Kotak Mahindra

4. LT

5. Zeel

             (4) Stocks in the news and Global Markets

First let's have a Look at Global Markets. See the Image mentioned below.

                

Most of Global markets timing are different then Indian Markets. Dow Jones is in Running position now. SGX Nifty has been closed for today's Trading session.

So Just have a Look at it. For the Prediction of Nifty 50 with the Help of Global Markets Don't your Heads up, We will Upload it by Tomorrow Morning on our Free Whatsapp Group.

At the End of the Blog you will get the Link of our Free Whatsapp group.

Let's have a Look at some news:

1.

Antony waste Handlling cell raises Rs.60.94 cr from Anchor Investors

2.

Rupee breaches Rs. 73 Mark , Jumpes 47 paisa against UD DOllar abid Corona Virus Uncertainly

                                                    3.

Intense Technologies has bagged a large deal for digitalizing mission critical citizen services in India in partnership with a large System Integrator.

Hence the Share price Gains 4% in a Single Day.

     Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for Tomorrow.

      Levels of Nifty and Banknifty For 04-03-2020

1. For Nifty Resistance No.  (1) 11350 (2) 11380 (3) 11440 (Swing)

    For Nifty Support No. (1) 11275  (2) 11240  (3) 11170

2. For Banknifty Resistance No. (1) 29250 (2) 29350 (3) 29500

    For Banknifty Support No. (1) 29000 (2) 28900 (3) 28730

YOU CAN CONSIDER SUPPORT AND RESISTANCE AS A TARGETS. 

Now Publishing the Results of Given calls for 

Today (03-03-2020) to our Paid Clients

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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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