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Month: March 2021

MARKETS ACTION FOR THE DAY

MARKETS ACTION FOR THE DAY

The Indian stock market is expected to open in the green following positive global cues. Trends on SGX Nifty indicate a positive opening for the index in India with a 57 points gain. The S&P BSE Sensex declined 86.95 points to close at 49,771.29 on March 22 while the Nifty50 fell 7.60 points to 14,736.40. According to pivot charts, the key support levels for the Nifty are placed at 14,634.83, followed by 14,533.27. If the index moves up, the key resistance levels…

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Stock to trade today

Stock to trade today

The Indian stock market is expected to open in the red as trends on SGX Nifty indicate a negative opening for the index in India with a 75 points loss. The BSE Sensex declined 585.10 points, or 1.17 percent, to close at 49,216.52 on March 18 while the Nifty50 fell 163.40 points, or 1.11 percent, to 14,557.90. According to pivot charts, the key support levels for the Nifty are placed at 14,399.2, followed by 14,240.6. If the index moves up, the key resistance levels to watch…

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Markets action for the Week

Markets action for the Week

The Indian stock market is expected to open in the green as trends on SGX Nifty indicate a positive opening for the index in India with a 90 points gain. The Sensex closed 487 points, or 0.95 percent, lower at 50,792.08 on March 12 while the Nifty fell 144 points, or 0.95 percent, to 15,030.95. According to pivot charts, the key support levels for the Nifty are placed at 14,877.63 followed by 14,724.27. If the index moves up, key resistance levels to watch out for…

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Markets action for the day

Markets action for the day

The BSE Sensex gained 254.03 points to close at 51,279.51 on March 10 while the Nifty50 rose 76.40 points to 15,174.80 and formed a small bearish candle on the daily charts as the closing was lower than opening levels. According to pivot charts, the key support levels for the Nifty are placed at 15,110.9, followed by 15,047. If the index moves up, the key resistance levels to watch out for are 15,228.6 and 15,282.4. Share on: WhatsApp

How to trade markets today

How to trade markets today

The Indian stock market is expected to open on a cautious note as trends on SGX Nifty indicate a flat to positive opening for the index in India with a 26 points gain. The BSE Sensex gained 35.75 points to 50,441.07 on March 8 while the Nifty50 rose 18.10 points to 14,956.20. According to pivot charts, the key support levels for the Nifty are placed at 14,880.33, followed by 14,804.47. If the index moves up, the key resistance levels to watch out for…

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Markets action for the week ahead

Markets action for the week ahead

The Nifty50 has broken the psychological 15,000 mark this week. It fell nearly a percent on Friday to form Spinning Top pattern on the daily charts, while for the week, it gained 2.8 percent and witnessed Shooting Star kind of formation on the weekly scale. Overall, the index has been in a broad range of 14,500-15,300 levels, hence the breaking of the same range on either side could be a trend decider. But, wait, Nifty is still strong until it holds…

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