Stock Market Today, March 11 -- Markets ended on a volatile note, with the benchmark Nifty-50 index ending 0.4% lower at 22,460.30 on Monday. Bank Nifty shed 0.58% to close at 48,216.80 as most other sectors led by Realty, Oil & Gas and Consumer Durables too were losers. Broader indices also ended 1-2% lower.
The Nifty 50 index is now retracing its rise from the 21964 - 22677. It can drift towards 22405 - 22320 which are the 38.2% and 50% of Fibonacci retracement levels of the recent rise. On the upside, we expect 22800 - 23000. Crucial support for the index is at 22250- 22230, said Jatin Gedia - Technical Research Analyst at Mirae Asset Sharekhan.
The Bank Nifty is expected to trade in the range of 47,800-49,000 in the coming sessions....
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