The Nifty PSU Bank index has soared 11.00% over last one year compared to the 13.27% increase in benchmark Nifty 50 index. In other indices, Nifty Media index has dropped 1.78% and Nifty Energy index has slid 1.49% on the day. In broad markets, the Nifty 50 has slid 0.56% to close at 11456.9 while the SENSEX has slid 0.58% to close at 38164.61 today. Macro economic data, trend in global markets, the movement of rupee against the dollar and crude oil price movement will dictate trend on the bourses in the near term. Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will also be monitored. On the economic front, the government will announce data on infrastructure output for February on 29 March 2019. On the global front, Bank of Japan will release summary of opinions from board members at its March 14-15 policy meeting on 25 March 2019.
Nifty Tips & Trend Upcoming Week
Next Week’s Nifty Trend seems to be CONSOLIDATED TO BULLISH.
RESISTANCE will be at 11541 & 11626 while support will be at 11403 & 11350.
BUY ON DIPS approach should be followed for greater profit
Stock Tips with Weekly Report : 25th – 29th March
BUY HAVELLS FUTURE ABOVE 770 TARGETS 774, 778 STOPLOSS 764
BUY NMDC FUTURE ABOVE 110 TARGETS 110.65, 111.3 STOPLOSS 109
BUY POWERGRID FUTURE ABOVE 200.6 TARGETS 201.6, 202.6 STOPLOSS 199.1
SELL IDBI FUTURE BELOW 42.4 TARGETS 42, 41.6 STOPLOSS 43
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