Market outlook: Trade strategies for Sensex, Nifty during 21-day lockdown

The reversal may see selling pressure at higher levels. However, the downside significant supports stand still in these corrective moves.

Prime Minister Narendra Modi on Tuesday announced a nationwide lockdown for 21 days as part of efforts to curb spread of COVID-19 pandemic. During this duration, all government and private establishments, apart from those involved in essential services, will be shut. However, the services of stock market entities will continue to remain open during the lockdown.

Referring to an order issued by Ministry of Home Affairs, Sebi said "the order... provides that commercial and private establishment shall be closed down but that the capital and debt market service as notified by the Securities and Exchange Board of India shall be