Markets had gap up opening on strong closings of US markets. Feb monthly Inflation figures and Railway Budget were responsible for the volatility of indices and few specific stocks. Nifty future settled above 5500 ahead of Monetary Policy.
Now, 5570 will act as immediate resistance for nifty in today’s session while 5600 is seen as crucial level for it. If it slips below 5500 then 5420 will become its intraday support.
TREND: UP
SUPPORT: 5470 & 5420 RESISTANCE: 5570 & 5630
Major Market News-
· Sensex ends 106 pts up ahead of RBI policy; Bankex up 1.8%.
· Banking and capital goods being the best performers.
· Inflation climbs to 6.95% in February.
· Wipro share sale offer gets 71% covered at the close of the auction.
· Punj Lloyd bags order worth Rs 1.53 bn.
· iGate Patni to start PCS share buyback from 28th March.
Nice blog good information about market I really appreciate your post .Thanks for sharing this information And I will love to read your next post too and most welcome at my site Stock Tips here u find Accurate Share Market Tips
ReplyDelete