Tuesday 7
April 2020 belongs to bulls. Before closing the market nifty hits the upper
circuit. Market is largely being driven
by developments on the coronavirus front. A sustainable recovery would happen
only when the cases start to recede in India and lockdown is eased gradually.
The Sensex
surges 2476 points, posts biggest point-wise single-day gain& Nifty
reclaims 8750 level. IndusIndbank & Axisbank jump up to 25%. The index
jumped nearly 2476 points, to close at 30067. The Nifty followed with gains of
702 points to 8785.
Nifty formed a bullish candle on the daily chart. The index now has strong resistance
near the 9000 level, and if it manages to surpass and sustain above this zone,
then we may see some change in momentum from negative to neutral. Below 9000,
the index may once again see pressure towards immediate support at 8500 -8400
More about intraday tips on Google +
Resistance: 9000, 9500
Support: 8500, 8000
hello sirji good work. plaese put intraday tips with this this artical only.
ReplyDeleteThank u.. keep reading. for live market calls whatsapp 9039542248.
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