StreetClose for 23rd March

StreetClose for 23rd March

Let’s have recap of what happened on Dalal Street today!

Markets opened with gap up and moved higher but got sold at higher resistance levels as Crudeoil price increase and Russia-Ukraine war uncertainty.

Sectorally if we see- Energy, Pharma and Media sectors were in green where as Auto, Financial Services and Services sectors were top losers.

Divislab, Hindalco and Tatasteel were top 3 gainers whereas Kotak Bank, HDFC and Britannia were on losing side.

Vix has again moved up almost 3% to close at 24.75 on geopolitical uncertainties.

Technical Update :

Nifty Futures opened with positive note and climbed higher but couldn’t surpass it’s resistance level of 17430-470 and slipped to lower levels and got support close to 17200 levels.

Bank Nifty Managed to surpass first resistance in early trades and moved up but saw selling pressure close to 36900 and fell to lower levels.

News updates :

• Russia-Ukraine War : Russians destroy Chernobyl laboratory; fight rages for Mariupol

• Russia-Ukraine crisis : 9 humanitarian corridors agreed for Wednesday, says Ukraine deputy PM

• Victoria Nuland: ‘Russia-China axis not good for India… US can help with defence suppliessupplies

• India’s exports reach $400 bn for the first time ever

Let’s check out the charts for today :

Nifty :

Bank Nifty :

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