Stock Market Today, March 19 -- The markets saw a stellar rally on Tuesday as Nifty 50 index at 22,834.30 ended with gains of 1.45%. The Bank Nifty ended almost 2% higher at 49,314.50, while realty, auto, were other key gainers. Broader indices saw a sharp rebound gaining over 2%.

The Nifty-50 index successfully surpassed the 22,600-resistance zone today, and is currently trading comfortably above the 20-day SMA (Simple Moving Average), which also indicates a further uptrend from current levels. We believe that the short-term market outlook is bullish, said Shrikant Chouhan, Head Equity Research, Kotak Securities

As long as Bank Nifty remains above 48,900, upward momentum is likely to persist. On the upside, the 49,650-49,700 zone will ...