28 Mar , 2022 By : monika singh
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmarks BSE Sensex and Nifty 50 were trading more than half a per cent down on Monday. BSE Sensex was hovering around 57000, while NSE Nifty 50 was below 17100. Maruti Suzuki, UltraTech Cement, Titan Company, Bharti Airtel, Wipro, Sun Pharma, Reliance Industries were trading in the green. Stocks to HDFC Bank, Kotak Mahindra Bank, Housing Development Finance Company (HDFC), Dr Reddy’s, Tata Consultancy Services were among top index laggards. Bank Nifty was down more than half a per cent on Monday.
We were looking for a close above 17260 on Friday to see if the bulls will force us to have a rethink on the anticipated down move towards 16700. Our learning from the tug of war of Friday and how oscillators have ended up is that the Nifty may have to bide more time to get directional. The 200 day SMA has also pushed up to 17000, standing in the way of a free fall. Expect the day to be welcome by a 17150-270 band with an upward bias, but with limited upsides. Directional moves could set in once the 17000-17350 band is breached, at which point, 16700 or 17760 would emerge as the objectives.
Stocks to HDFC Bank, Kotak Mahindra Bank, Housing Development Finance Company (HDFC), Dr Reddy's, Tata Consultancy Services were among top index laggards
0 Comment