Daily Market Commentary - April 3, 2020 - Bonanza Portfolio

Mr. Vishal Wagh, Research Head

"Today was another day when bear grip is getting tightened. The market opened positive but won't able to sustain in green. Whole day bulls were absent from the market. Market volatility too reduced on the third consecutive trading session, it went down by more than 8.30%. Nifty may consolidate in a broader range. Surprisingly market breadth was positive; there were 10 gainers for every 8 losers. All sectors closed in the red except FMCG and Pharma. Going forward, Nifty will find support around 8000 levels whereas resistance will be around 8680".

Source : Equity Bulls

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