Daily market commentary - 26th March 2020 - Bonanza Portfolio

Mr. Vishal Wagh, Research Head

"The market opened gap up on account of stability in the global market and reduction in volatility. As per expectations of market, the Finance Minister announced a package of 1.76 lakh crore as a direct or indirect financial support for poor people. Market breadth was positive. In NSE, for every one loser there were three gainers. All sectoral indices closed in green led by Banking, NBFC, IT and Auto. Today's buying strength is a follow up action of yesterday's big bullish candle. Going forward, major support is around 8100 and resistance is in the range of 8884-9150."

Source : Equity Bulls

Keywords