23 March 2016

MARKET SUMMERY FOR 23 MARCH 2016

LET’S WELCOME THE VIBRANT FESTIVAL OF COLORS WITH JOY & JUBILATION..!!!
HAPPY HOLI!!!!!
This HOLI add colors of profit in ur trades....!!!!!!!!

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Today on Wednesday the market was in a holiday mood and investors took a cautionary approach ahead of the long weekend. The foreign inflows are coming back to India post budget. The Sensex and Nifty pared their day’s losses in the last half hour of trade and settled flat as investors remained cautious ahead of the extended weekend. The Sensex

opened the day at 25322 and touched a high and low of 25367 and 25156, respectively, in trade. Nifty opened at 7717 and touched a high and low of 7726 and 7670, respectively. The Sensex closed 7 points up at 25337, while Nifty 50 settled 2 points up at 7716.
The next leg of the rally will depend on the RBI’s monitory policy decision on April 5. At present, we can expect a dovish policy with a cut of 25 basis points. Any positive outcome will keep the uptrend open till 7900-8,000 in the near term for Nifty.
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NEXT TRADING SESSION WILL BE HELD ON 28 MARCH 2016 (MONDAY)

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