Be cautious amid coronavirus crisis panic led high volatility
Nifty-Market Analysis(13-03-2020)
As coronavirus crisis deepens and all the Global markets are crashing as well as SGX Nifty has traded more than 900 points down therefore intraday charts analysis of today is not being updated because it has no significance in such high depressing situation.
Earthquake like situation all around in all the Global markets and no one knows when situation will become normal. It must be kept in mind that more than 100 points intraday volatility of Nifty will be normal feature and decisive up moves will be seen minimum after 1/2 sessions intrday consolidation patterns formation and "V shaped recovery may also be seen any day" but all these possibility will be according to coronavirus news and after some positive developments regarding this.
Certainly huge panic and market reverse in such situation also,let market to get support,consolidate or sharply recover more than 100 points from lower levels then reversal/Pull Back rally will be considered but be cautious because volatility will remain high.