You are currently viewing Bears hold the NIFTY and Closes below 8100 |  3 APRIL 2020

Bears hold the NIFTY and Closes below 8100 | 3 APRIL 2020

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Nifty & Sensex closed in DEEP RED for the Second day of the Financial Year, the Sensex closes at 27590 points; Nifty ends below 8,100.

Most Bank stocks suffered strong losses on April 3 after global brokerage Moody’s Investors Service changed the outlook for the banking system to negative from stable, underscoring the negative impact due to disruptions caused by the outbreak of COVID-19.

ICICIBank , AXIS Bank & IndusInd Bank were the top loser in the Nifty50.

India VIX falls 8.4% and ends at 55.

All sectoral indices on NSE closed in the RED except Pharma & FMCG.

Sun pharma claims to be the topmost gainer today and closes 376 , 9.5%up from the previous close.

The Indian rupee was edging lower on Friday and remains above 76 amid growing fears of a coronavirus inspired economic slowdown in India and globally.


Please See our Dashboard report below:

Market Daily Report

Nifty Trend: 

NIFTY 50 Open High Low Close
3-Apr-20 8356.55 8356.55 8055.8 8083.8

Nifty trend

BankNifty Trend

NIFTY BANK Open High Low Close
3-Apr-20 18325.05 18326.1 17143.2 17249.3

BankNifty trend

VIX Trend:

INDIA VIX Open High Low Close
3-Apr-20 60.05 60.59 54.9 55.02

VIX trend

Gold-Rate Trend:

Gold Rate 1 Gram 1 Sovereign Change in 1 Gram Yesterday’s Rate
3-Apr-20 3996 31968 23 3973

Sectorwise Change :

sectorwise change today

sectorwise weekly change

Read more here for detailed report on SECTORS – Indian Stock Market.

New 52Week Lows : 

New 52Week Lows in Nifty50 Stocks : JSWSTEEL, EICHERMOT, MARUTI, SHREECEM

HH-LL Trade Setup:

trade setup

The above levels are arrived based on Simplest Trading Strategy that works.


  • Fitch Cuts India GDP Growth Forecast To 30-Year Low Of 2% For FY21
  • SINGAPORE totally shutdown for one month after 7th – APRIL Onwards.
  • FPI holding limits for all listed stocks raised to sectoral caps
  • Cipla Completes Phase-3 Clinical Study Of A Billion-Dollar Asthma Generic
  • SEBI Bars Aptech, Managing Director From Securities Market On GDR Manipulation
  • Trump Eyes Global Oil Output Cut of 10 Million Barrels a Day & Brent crude rises above $32 on hopes of oil output deal.
  • SEBI Bars Aptech, Managing Director From Securities Market On GDR Manipulation.
  • The intensity in the selling was massive, at levels not witnessed in the last 10 years

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