We are logging on the 1st day of lockdown in India in order to combat the spread of Coronavirus pandemic and to avoid any further deterioration. The Dow30 has posted a strong recovery by 11% in previous trading session after U.S. administration signaled for 2 trillion dollar stimulus package. Following the same pattern, the Indian benchmark didn't find much enthusiasm but a little recovery has been witnessed. The index was opened on a negative note at 7,73515 levels and continued to trade lackluster in a narrow range of 7,714.75-7,980.35 levels. On hourly scale, Nifty50 is forming a 'Bullish Divergence' in which the counter forms a low, bounce back and traces a new bottom while oscillators follow different pattern.