StreetClose for 31st March

StreetClose for 31st March

Closing Update : Indian indices opened with flat note tracking mixed global cues, derivatives monthly expiries and uncertainty of geopolitical issues to close slightly lower on Negative Note.

If we look at broader markets sector wise – Nifty FMCG, Media and Consumption Sectors were the top 3 gainers where as Pharma, PSU Bank and IT sectors were on losing side.

Top gainers were JSW Steel, M&M and Britannia in Nifty50 stocks whereas Hindalco, Divislab and Apollohosp were the top losers.

India VIX cooled off almost 0.24% to close at 20.56.

Lets check out the Indices Charts and Technical for today :

Nifty March Futures Opened higher below its resistance levels of 17540-17575 and traded lower throughout the day. Going in to April Futures contract it has to hold lower support levels close to 17450 in tomorrow’s trade.

Bank Nifty March futures traded close to its higher levels and slipped below it to trade lower entire day. April Futures need to hold 36200 levels in tomorrow’s trade.

Here are the charts of March Index Futures as of today’s close :

NIFTY Futures



Bank Nifty Futures

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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