Daily market commentary - March 30, 2020 - Bonanza Portfolio

Mr. Vishal Wagh, Research Head

"Today, the market opened negative on the back of weak global cues and worries due to increment in the number of Global Corona virus affected cases. Bulls tried to push market close to green area but failed in the end. Volatility again started moving up above 70. All sectors closed deep in the red except FMCG and Pharma. Market breadth remained in favour of Bears. Going forward, Nifty will find support around 8000 levels whereas resistance will be seen around 8620. The USD remained within yesterday's range only."

Source : Equity Bulls

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