Date: 10-03-2020
Subject: 1. What should the Levels for 11-03-2020? At Which price and When the fall Stop?
What is the Reason behind this Fall?
2. What's Happening on YesBank and It's Share Price today?
3. Today's Market Movers and Stocks in the News
4. Levels for Nifty and Banknifty for 11-03-2020
Hey My Brothers & Sisters,
Hope your Day spends Good, Let's come to our Today's topics as I mentioned in Subjects.
Analysing Chart of Nifty 50 : 15 min Time Frame
Presenting here the Chart of Nifty 50 with 15 Min time frame.
> Let's go with Dow Jones first. Dow jones closed about -250 Points on last friday. Yes. It's not a Major number that can Plung the Nifty. But the reason behind that is the Dow Jones futures is in the Lower circuit.
> So in today's Trading session Dow Jones futures can go more down today. And at morning the SGX Nifty was down by -274 Points.
> And the CORONA VIRUS NEWS is there also to affect the Markets. By this effect Nifty has crashed more than -4.50% today and closed at 10451.
By Technically we can see the Marked levels in the charts They are Major Support and Resistances for the Nifty.
> Today Morning Nifty has opened down by -247 points due to the effect of SGX Nifty, Dow Jones and Corona Virus News.
> By Opening Nifty has broken the Support of 10850. And as shown in the Chart Nifty has continue breaks the Levels of 10587, After sustains there for sometime and then again breaks the Major support of 10437, 10339, and Made 10292 as a Major support for the day.
> From there Taken a Support and go for some recovery and Given closing at 10451.
So Now, What's the next? What's going to happens on 11-03-2020? What should be the Levels for 11-03-2020? Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.
As we can see in the Charts that Nifty has Breaks all Major support and made the New Major support at 10292. And closed at 10451.
> But the Dow Jones futures are in Lower circuit. Let's see what Happens to it? But Now we are discussing with the technicals.
> So the Next Downside target, If and If Dow jones and SGX Nifty are going continue more down than Nifty can go for the Levels 10150, 10050, 10000 Respectively.
> And at Somewhere there is the Medicine of Corona Virus has been found so it can be a Good news to Boost up the Markets, But Officially doesn't proved yet. So CORONA VIRUS NEWS is still there to Plung the Markets. So the More Downside target achievement can Possible in Next Trading sessions.
So It's Our Technical analysis Views about Nifty 50 for Upcoming Trading sessions.
1. What should the Levels for 11-03-2020? At Which price and When the fall Stop?
What is the Reason behind this Fall?
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 Down by -538 (-4.90%)
Presenting here the Chart of Nifty 50 with 15 Min time frame.
> Let's go with Dow Jones first. Dow jones closed about -250 Points on last friday. Yes. It's not a Major number that can Plung the Nifty. But the reason behind that is the Dow Jones futures is in the Lower circuit.
> So in today's Trading session Dow Jones futures can go more down today. And at morning the SGX Nifty was down by -274 Points.
> And the CORONA VIRUS NEWS is there also to affect the Markets. By this effect Nifty has crashed more than -4.50% today and closed at 10451.
By Technically we can see the Marked levels in the charts They are Major Support and Resistances for the Nifty.
> Today Morning Nifty has opened down by -247 points due to the effect of SGX Nifty, Dow Jones and Corona Virus News.
> By Opening Nifty has broken the Support of 10850. And as shown in the Chart Nifty has continue breaks the Levels of 10587, After sustains there for sometime and then again breaks the Major support of 10437, 10339, and Made 10292 as a Major support for the day.
> From there Taken a Support and go for some recovery and Given closing at 10451.
So Now, What's the next? What's going to happens on 11-03-2020? What should be the Levels for 11-03-2020? Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.
As we can see in the Charts that Nifty has Breaks all Major support and made the New Major support at 10292. And closed at 10451.
> But the Dow Jones futures are in Lower circuit. Let's see what Happens to it? But Now we are discussing with the technicals.
> So the Next Downside target, If and If Dow jones and SGX Nifty are going continue more down than Nifty can go for the Levels 10150, 10050, 10000 Respectively.
> And at Somewhere there is the Medicine of Corona Virus has been found so it can be a Good news to Boost up the Markets, But Officially doesn't proved yet. So CORONA VIRUS NEWS is still there to Plung the Markets. So the More Downside target achievement can Possible in Next Trading sessions.
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 11-03-2020.
Now Let's Talk about Banknifty Chart Analysis.
Banknifty closed DOWN by -1338 (-4.82%)
Analysing the Chart of BankNifty: 15 Min Time frame
Presenting the Chart of Banknifty 15 Min time Frame.
> As today morning the Nifty has opened Gap down by -248 Points, So the Banknifty also has given gap down Opening by -749 Points.
> Mostly the Banknifty has follows Nifty movements all time so that the Banknifty made 25940 as Day's Low. and Recovers itself Respected to Nifty recovery the Banknifty also recoverd by 500 Points upside and given closing at 26462.
As per Technical Views the Banknifty has Major support of 27200.
> The Support breakdown of 27200 has it has Achieved 26650, Sustained there for sometimes and then go for 26420.
> The 26420 was also the Major support for Banknifty as well. After the Breakdown of 26420 with the High Volumes it has achieved new Support at 26068.
> After makes 25940 as Day's low it has Recovered respected to Nifty and make an upward movement of 500+ Points and given closing at 26462.
So What's the Next targets and Levels for the Banknifty for Next?
> The Support of 26420 is still active for the Banknifty as a Major support. If the Global markets and Nifty as well starting for more Downside then Banknifty can break 26420 Again.
> After the Breakdown of 26420 it can go for more downside targets of 26068, 25900, 25790 Respectively. Almost there is a Corona Virus news is affecting the Market very Cruelly.
> So The More downside Target Achievement can possible in Next Trading sessions for Nifty and Banknifty as well.
Sensex closed Down by -1941 (5.17%)
As a Nifty and Banknifty has closed in Red and The Corona Virus News affects the Markets Globally so the Sensex is also closed in Red by -1941 (-5.17%)
Now Let's Move to our second subject.
2. What's Happening on YesBank and It's Share Price today?
As we all know that YesBank has facing the issues and Last week it crashed down and made low of 5Rs.
> So Let's see that what happens today for YesBank and it's Share price
> Govt asked SBI and LIC to buy stack in YesBank and Help it in it's Struggling Period and take out from there.
> SBIN Chairman said that SBI will help YesBank in it's Critical situation and all of Depositers haven't need to worry about.
> SBIN is going to Buy 49% Stack in Yesbank and will be a Private Lender. So in this Situation SBIN will be a Official and Main promoter of YesBank. which holds a Majority stack in AMC.
> By This news YesBank Share price has been Jumped more than 31% and Made 22.80Rs as Day's High price.
> Also SBI is going to set de-facto sponsor of 2 Mutual funds, First is SBI MF and Second is YES MF.
> So SBIN is trying their best to help Yes Bank. And also it may happens that Investors can invest their money for Swing and YesBank may show some High range volatality in coming days.
> As they book their profits they will Sell it. If It will happen then YesBank can show the Uncertain volatality in coming Trading sessions.
> Now Let's see and observe that What happen to going on with Yes Bank.
Now Let's move to our Next Subject
3. Today's Market Movers and Stock in the News
Reliance Major 3 Supports Breakdown in Single day
HDFCBank breaks Major support Breakdown
IndusindBank Major support Breakdown
HDFC Support breakdown on Opening
Some More Market movers Mentioned Below
1.TCS
2. Axis Bank
3. LT
4. Infosys
5. BhartiArtl
Now Let's move to the News of the Day.
1. YesBank Stock price Jumped more than 30% today as SBIN going to buy 49% Stack in Yes Bank and will be Main Promoter.
2. As Reliance share price down by 13%, Mukesh Ambani losses Rs. 44000 Cr from his net worth. It's worst fall ever for Reliance
3. Paint Companies share prices are up by 5-8% as Crudeoil Price tanks today.
4. ONGC enters today in 52- week low.
Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for 11th March 2020
1. For Nifty Resistance No. (1) 10520 (2) 10580
For Nifty Support No. (1) 10437 (2) 10360 (3) 10205 (swing)
Market is totally Unpredictable nowadays. Strictly follow levels.
2. For Banknifty Resistance No. (1) 26700 (2) 26930 (3) 27100
For Banknifty Support No. (1) 26400 (2) 26230 (3) 26060
Market is totally Unpredictable nowadays. Strictly follow levels.
YOU CAN CONSIDER SUPPORT AND RESISTANCE AS A TARGETS.
5. Results of given calls for 09-03-2020
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