[ad_1] The Indian benchmark indices opened the week with a large gap-down taking cues from the sell-off within the world markets. Nevertheless, each the Sensex and Nifty 50 managed to recoup all of the loss amid an prolonged fall witnessed within the different main world fairness markets. Sensex and Nifty 50 have been down marginally by 0.05 and 0.11 per cent respectively. Nevertheless, the BSE MidCap and BSE SmallCap indices outperformed final week and have been up 1.37 and 1.35 per cent respectively.Though, the benchmark indices have risen again nicely from their lows, the broader image on the chart just…
Author: Gurumurthy K ,BL Research Bureau
[ad_1] The Indian benchmark indices are buying and selling marginally decrease. Nifty 50 is buying and selling a 15,695, down 0.39 per cent. Then again, Sensex is down 0.26 per cent and is buying and selling at 52,788. The broader bias is unfavourable. However earlier than seeing a recent fall, there could possibly be possibilities of consolidation. We propose merchants stay available on the market’s promote facet reasonably than shopping for on dips. Nifty has resistance at 15,750, 15,800 and 15,900. Assist is at 15,600. A decisive break under it will possibly drag it to fifteen,500 initially. An extra break under…
[ad_1] Nifty 50 March Futures (17,201) The Indian benchmark indices proceed to stay caught inside their sideways vary. Aside from gap-up opening on Wednesday, each the Sensex and Nifty 50 are caught between their 100- and 200-Day Transferring Averages. The vary of commerce has been 17,000-17,400 on Nifty and 57,000-58,500 on Sensex. To get clear path of the transfer, we should anticipate a breakout on both facet of those ranges. The bias is unfavorable to see a draw back breakout on the present vary. As such, we anticipate the Nifty to interrupt under 17,000 and fall to 16,750-16,500. Equally, Sensex…