Markets action for the day

Markets action for the day

The Indian stock market is expected to open on a positive note as trends on SGX Nifty indicate a positive opening for the index in India with a 37 points gain.

The S&P BSE Sensex fell 400.34 points to 51,703.83 on February 17 while the Nifty50 index declined 104.60 points to 15,208.90. According to pivot charts, the key support levels for the Nifty are placed at 15,148.37, followed by 15,087.83. If the index moves up, the key resistance levels to watch out for are 15,291.87 and 15,374.83.

Nifty has a strong resistance around 15300 levels, having said, it can be possible to break only if the heavyweights continue to outperform.

Markets still remain a buy on dips

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