Markets ended marginally up in a highly
volatile trading session, taking a breather after the recent fall. The
benchmark again fell after a flat start, however major indexes bounced back to help the index regain its losses. In the end, the Nifty index closed around 17,266 points.In terms of sectors, a mixed picture was observed where real estate, capital goods, and industrials ended with losses, while metal and PSU banking indexes posted modest gains. In the broader markets, both
midcaps and small caps ended lower by 0.8% and 1.8%, respectively.Since the Union Budget, we've seen
a rollercoaster ride and the coming MPC meeting is likely to keep volatility
high. Additionally, global cues also don't look good, so participants should
continue to take a cautious stance and limit leverage position.
|
RESISTANCE |
R1 |
R2 |
R3 |
|
|
17357 |
17459 |
17715 |
|
SUPPORT |
S1 |
S2 |
S3 |
|
|
17101 |
16947 |
16691 |
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