Thursday, March 19, 2020

NIFTY BELOW 9000 MARK; MARKET OUTLOOK FOR 20 MARCH 2020

BUY NIFTY 7400 PUT 26 MARCH  190 TGT 250/320
Nifty continue to bleed in Thursday’s session as well due to worries over a case of community spread of the virus, investors fear further impact from Covid-19 and are preferring cash instead of investments. The Sensex closed the day at 28288 levels, down 581 points. Nifty ended at 8263, down 205 points.
Short term trend continues to be negative. Having shown minor buying from the lows, the chance of sustainable upside bounce could be less. Any attempt of up move towards 8400 -8500 could be a sell on rise opportunity.
More about intraday tips on Google +
Resistance: 8300, 8500
Support: 8100, 7800

No comments:

Post a Comment