Date: 12-03-2020
Analysing Chart of Nifty 50 : 15 min Time Frame
Subject: (1) What's the Next Levels & Strategy after NIFTY FALLS -868 Points (-8.30%)?
(2) Effect of Corona Virus on Global Markets in last 1 Month
(3) Today's Market movers and Stocks in the news
(4) Levels for Nifty and Banknifty for 13-03-2020
(5) Results of given calls for 12-03-2020
Hey My Brothers & Sisters,
Hope your Day spends Good, Let's come to our Today's topics as I mentioned in Subjects.
> Let's first talk about today's fall. This is the Worst fall ever for Nifty, Banknifty, Sensex, Dow Jones, SGX Nifty and all Global Markets.
> This is the Effect of Corona Virus News affecting all markets and WHO declared Corona Virus as Pandemic all over the world. And It's totally affects the Dow Jones first, Then Sgx Nifty and then Indian Markets.
> And there is too much panic Generated due to the Corona Virus in the Global Markets and in the world as well. Now let's talk about the Subjects mentioned above in Subject section.
(1) What's the Next Levels & Strategy after NIFTY FALLS -868 Points (-8.30%)?
> Let's first talk about today's fall. This is the Worst fall ever for Nifty, Banknifty, Sensex, Dow Jones, SGX Nifty and all Global Markets.
> This is the Effect of Corona Virus News affecting all markets and WHO declared Corona Virus as Pandemic all over the world. And It's totally affects the Dow Jones first, Then Sgx Nifty and then Indian Markets.
> And there is too much panic Generated due to the Corona Virus in the Global Markets and in the world as well. Now let's talk about the Subjects mentioned above in Subject section.
(1) What's the Next Levels & Strategy after NIFTY FALLS -868 Points (-8.30%)?
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 -868 Points (-8.30%)
Presenting the Chart of Nifty 50 of 15 Min time frame
> By the Corona Virus news the Dow Jones has closed by -1464 Points. The news is already there, But the WHO ( World Health Organization) Has declared the Corona Virus as Pandemic all over the world.
> The Declaration from WHO has totally changed the Direction of the Dow Jones and the Index has fall over 5%, -1464 Points in yesterday's Trading session.
> In India also the new cases are going positive day by day and total Patients are 68 now of Corona Virus till date.
> These all Major news has been affects the Indian markets. SGX Nifty was also -500 Points down, so that the Nifty also opened -418 Points at morning.
> As per Technical Analysis the Nifty has Opened -418 Points at 10039. Then it's coming more down and down and given worst fall ever by dropped more than 8% today.
> 10020 and 9950 are found as a Major support for Nifty. After the breakdown of 10020 and 9950 Nifty is Just enters in their Bearish section.
> The Next support at 9680 was tested and Nifty consolidated there above 3 hours and given finally breakdown of 9680 and made low of 9508 as Day's Low price.
So Now, What's the next? What's going to happens on 13-03-2020? What should be the Levels for 13-03-2020?
Let's discuss the Levels. The Final levels we will Provide at the End of the Blog.
> Nifty has closed at 9590 today, So the Upper level Resistance of 9690 is still Active, If any News can boost up the market then this Level can breakout by Nifty and can make High price above it.
> Below 9590 the Support level of 9458 is also active, And it's a Next Major support after today's breakdown levels.
> Nifty might touch 9690 and can fall down to next target 9458 in Next Trading session. If the Rally and the Final Target can be around 9200 for the Swing for Nifty in coming Trading sessions.
> The situation of Nifty is now totally depends on Global markets, How's Dow Jones and SGX Nifty are reacting in their Trading session! It's more important thing for Nifty. and also the Major support breakdown can confirm the More downside target achievement in Coming 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 13-03-2020.
Now Let's Talk about Banknifty Chart Analysis.
Banknifty closed DOWN by -2516 (9.50%)
Analysing the Chart of BankNifty: 15 Min Time frame
Presenting the Chart of Banknifty 15 Min time Frame.
> As today Nifty has given gap down opening by -418 Points. As well, Banknifty has also given Huge gap down opening by -1280 Points.
> Banknifty always follows the chart of Nifty and made 23613 as Day's low price. We can say that the Banknifty is Most Volatile Index ever, Even greater than Sensex.
> As per Technical views Banknifty has Breakdown the major support of 25674 by Opening. Tested the support of 24783, Consolidate there and then given breakdown for 24783 too.
> Then 24337 is next Downside target achievement is also done after the breakdown. These levels are very very Major supports for the Banknifty.
> Again the next Breakdown of major support also done by Banknifty of 24337 and Goes for the Next Major support to 23633. And made 23613 as a Day's low price.
> Banknifty and Nifty both are breaking Major supports due to the Crashing of the Global markets. and If it continues then More downside targets and Levels are going to achieve in Coming trading sessions.
So What's the Next targets and Levels for the Banknifty for Next?
> Banknifty has closed at 23971, Above closing the Level of 24337 is Still active as a Minor Resistance now.
> 23633 is a Major Support for Banknifty, If in coming sessions Banknifty breakdown the level of 23633 then We can see the Lower levels around 22977 for Intraday.
> Banknifty is already in the Bearish zone, If 22977 will Breakout by Banknifty with High volume then Banknifty can crash about more than 5-6%
Sensex closed DOWN by -2919 (-8.18)
As the most of Stocks hitting 52 Week low price this week and Also Nifty and Dow jones continues crashing, So by following them Sensex also tumbled -2919 Points today.
Now Let's Move to our second subject.
(2) Effect of Corona Virus on Global Markets in last 1 Month
> As we all know the Corona Virus news is affecting the markets and that's why the Global Markets are Crashing continues since approx last 1 month.
> Let's have a Look that How's Corona Virus affected the Markets and How much Global markets tumbled in last 1 Month
> See the Image below.
> US Markets are at 1st Number affected from Corona Virus, It can imaginary that the Corona Virus comes from the China and Chinese markets are affected by +0.3%
> Almost All of the markets are tumbled and affected very heavily by Corona Virus. It will take above 6 Months to recover the price from the Market falls.
> Almost the most of stocks are hitting the 52 Week low price by this week, It's also the reason behind the fall of market, But the Primary reason is Corona Virus news.
> Also the WHO has declared Corona Virus as Pandemic all over the world, This reason is affects all Global markets and same reason is behind today's crash.
Now Let's move to our 3rd Subject
(3) Today's Market movers and Stocks in the news
HDFCBANK breaks Major support breakdown
BAJFINANCE breaks Major support breakdown
SBIN breaks major support yesterday & Tumbled today
Some More Market Movers mentioned below:
1. Reliance
2. HDFC
3. AxisBank
4. TCS
5. IndusindBank
Now Let's move to the News of the Day.
> WHO declared Corona Virus as a Pandemic all over the world and By this effect Markets crashed today.
> IPL 2020 may get postponed due to Corona Virus
> Schools, Colleges and Cinema Halls shut down in Delhi till 31st March 2020.
> SBI to invest 7200 Cr. in Yes Bank.
> In kerala total 16 cases and in Maharashtra total 14 cases are Found Positive for Corona Virus.
> Domestic airlines Bookings and Routes Decreases by 70% Due to Corona Virus effect.
Now at the End of the Blog I am Giving you a Levels of Nifty and Banknifty for 13th March 2020
1. For Nifty Resistance No. (1) 9650 (2) 9690
For Nifty Support No. (1) 9540 (2) 9500 (3) 9440
Market is totally Unpredictable nowadays. Strictly follow levels.
2. For Banknifty Resistance No. (1) 24350 (2) 24780
For Banknifty Support No. (1) 23900 (2) 23630
Market is totally Unpredictable nowadays. Strictly follow levels.
YOU CAN CONSIDER SUPPORT AND RESISTANCE AS A TARGETS.
5. Results of given calls for 12-03-2020
Nifty is opened with Huge Gap down, So the calls are Not comes to the Levels today.
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