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Nifty Outlook

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As we saw today Nifty lost its 4 days winning streak and was down 4.38%.

After the cabinet minister’s announcement related to lockdown Nifty bounced back from its day low but that was just a trapping for all the retailers.

Today also FII sold shares worth ₹4363 cr while DII bought shares worth ₹3550 in the Indian equity market

Positive coronavirus cases are increasing day by day and our view on Nifty is still bearish.

Nifty Intraday Level for Tuesday i.e. 31st March’20

Resistance 1 – 8334

Resistance 2 – 8383

Resistance 3 – 8424

 

Support 1 – 8276

Support 2 – 8232

Support 3 – 8192


NOTE – Levels will change subject to gap up and gap Down opening.

Thanks!

ProCapitas Market-Pro Team 

 

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