Remain cautious after more than 400 Corona affected cases from Nizamuddin Markaz Jamaat
Intra Day Chart Analysis & Market Outlook
(03-04-2020)
Nifty-Intra Day Chart (01-Apr-2020):- |
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1- 237 Points fall in first 45 minutes
2- Selling between 8360-8415
3- Support between 8199-8290
4- Whole day actual trading between 8199-8588
Conclusions from intra day chart analysis
Although flat opening but firstly 237 Points fall in first 45 minutes and after that selling was seen between 8360-8415 down moves remain continued till 02:00 PM. As some supports with minor consolidation was seen in last more than 2 hours 8199-8290 therefore firstly sustaining it beyond should be watched tomorrow for next 5% moves.
As sentiment has turned extremely depressed after detection of more than 400 Corona affected cases from Nizamuddin Markaz Jamaat in last 3 days therefore remain cautious because sharp fall can not be ruled out after sustaining below last Wednesday lowest(8,198.35)