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Indian markets opened mixed after mixed Asian market signals as investors took note of the easing of COVID measures that could help economic recovery and also eyed today's NATO summit which focused on Ukraine. Markets traded in red territory during the afternoon session as worries of rising inflation and slowing economic growth weighed on trader sentiment. Market sentiment worsened amid concerns over the country's bilateral trade due to the ongoing war between Russia and Ukraine, which could lead to some sort of trade disruption. Markets remained in negative territory for most of the trading session but pared losses in the end as the positive opening in European markets helped a partial recovery. Benchmark indices ended marginally lower in the volatile March 24th session. At the close, the Sensex lost 89 points to 57595 and the Nifty 22 points to 17222. Global market trend will continue to dictate sentiment as investors refrain from taking bullish bets given the fragile global situation. The intraday pattern indicates a near-term continuation of range-bound activity. For the bulls, 17350 could be the immediate hurdle and below that a corrective wave could continue to 17200-17100. Above 17350, Nifty could rise to levels of 17400-17450. Contra traders can place a long bet near 17100 with a strong support stop loss at 17050.
Resistance: 17300, 17400, 17500
Support: 17200,
17100, 17000
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