StreetClose for 29th March

StreetClose for 29th March

Closing Update : Tracking Strong global cues indices opened with gap up and saw profit booking at higher levels but managed to close higher.

If we look at broader markets sector wise – Nifty Pharma, Financial Services and Reality sectors were the top 3 gainers where as Media, PSU Bank and Energy sectors were on losing side.

Top gainers were Eicher Motors, HDFC and Divis Lab in Nifty50 stocks whereas Hero Motocorp, ONGC and Coal India were the top losers.

India VIX cooled off more than 5% to close at 21.3.

Lets check out the Indices Charts and Technicals for today :

Nifty Futures opened higher with Gap up holding previous gains and closed the day with positive Note. Nifty Future has given close just below its today’s resistance of today at 17380-17400 Levels. For tomorrow Nifty may face resistance at 17390-17420, 17508-17538 Levels and Support may come close to 17300-17270, 17170-17140 Levels.

Bank Nifty Futures opened higher and saw profit booking close to higher levels of 36050. Bank nifty managed to hold its support levels in today’s trade so it may remain strong tomorrow as long it holds lower level supports. Resistance may come at 36220-36270 Levels and support may come close to 35850-35800, 35550-35500 Levels. Break below 35500 Levels can change the sentiments to bearish.

Here are the index charts update as of today’s closing.

NIFTY Index Chart :

Bank Nifty Index Chart :

Disclaimer: The views are in line with the pure chart study, no pre-defined geopolitical factors are considered. Also, we strictly advise not to take any positions just based on the above views. For regular intraday recommendations, you must have our premium subscription.

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