Daily Market Commentary - April 1, 2020 - Bonanza Portfolio

Mr. Vishal Wagh, Research Head

"Today, the market opened negative on the back of weak global cues and worries related to global spread of Corona virus. Whole day bulls were absent from market. Market volatility also reduced by more than 6%. Going forward Nifty may consolidate in a broader range. Surprisingly market breadth was positive; there were 10 gainers for every 8 losers. All sectors closed deep in the red. Going forward, Nifty will find support around 8000 levels whereas resistance will be around 8680."

Source : Equity Bulls

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