- by Stocktry Expert
- 17th Mar 2021
Stock Market Closing Report on 17 March 2021
Nifty
Max call: 15500
Max put: 14000
Range: 14450-15000
50 DEMA : 14611
200 DEMA : 12461
TREND : volatile
Nifty opened the day on a mild note but failed to sustain it and witnessed huge selling pressure in the second half of the day. It fell below it's support of 14750 levels and gave the lowest close of last 10 trading sessions. The bears are overpowering the bulls and traders are requested to make hedged positions and trade cautiously. The support is at 14450 levels while the bulls might be at relief only if the index manages to move above 14900 levels.
Banknifty Nifty
Max call: 35000
Max put: 34000
Range: 33800-35000
50 DMA : 34071
200 DMA : 27331
TREND : volatile
Banknifty is witnessing huge selling pressure and has been making lower top lower bottom formation since last 5 weeks and gave the lowest close of the above mentioned time frame. It was the leader of the pack in dragging the index lower and has broken the support of 34450 levels thus a possibility of drifting further towards 34000 zones cannot be ruled out. Tomorrow being derivatives expiry and we will also see the impact of the outcome of fed policy trades are required to remain cautious. The support is at 34000-33800 zones while on the upside we might see relief only above 35100 zones.
•ITC managed to hold its positive stance even after huge selling pressure seen in the boarder market.
•It took support around its multiple support of 201 levels and is now all set to head towards 217 then 220 levels.
TRAI RELEASES JANUARY SUBSCRIBERS DATA II TELECOM COMPANIES ADDED 9.6 MILLION SUBSCRIBERS IN MONTH OF JANUARY
AIRTEL ADDED : 5.89M
VODAFONEIDEA ADDED : 1.71M
RELIANCE JIO ADDED : 1.95M
AUTO STOCKS: .MORTHIndia #proposes hikes on registration charge of renewal of motor vehicles.
Motorcycles increased to Rs 1000
LMV increased to Rs 5000
Medium Goods Vehicles and PVs increased to Rs 1000
Heavy goods Vehicles and PVs increased to Rs 1500
CRAFTSMAN IPO FINAL DAY ; IPO Subscribed only 3.79 times at 4:19 PM
LAXMI ORGANICS FINAL DAY : IPO Subscribed 107 times at 4:30 Pm
BHEL : Bhel has emerged as the lowest bidder (Rs 10,800 Cr ) for the fleet mode tender floated by nuclear power corp. of India for 6*700 MW Turbine Island projects (Possitive)
SOMANY CERAMICS: Co. announces Rs 2.40 /share as interim dividend... Record date 25 march
Index negative: banking, auto, metal, pharma
Index positive: nil
