Stock Market Today, March 10 -- The markets made some recovery during the week ending 7 March and the benchmark Nifty-50 index ended with almost 2% gains at 22,552.50. The Bank Nifty at 48,497.50 ended with gains of 0.3% while metal, energy, and pharma were other key gainers. The broader market outperformed with sharper gains of 2-5.% during the week.
For Nifty-50 index , 22,400 and 22,300 would be key support zones for positional traders. Above these levels, it could bounce back to the 20-day SMA or 22,750. Further upside may continue, potentially lifting the indices up to 22,900. Conversely, if the market falls below 22,300, the sentiment could change, said Amol Athawale, VP-Technical Research, Kotak Securities.
For Bank Nifty, the do...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.