NIFTY OUTLOOK FOR 15 MARCH 2023

CALLS GIVEN TODAY (14 MAR 2023  ) TO CHECK https://beststockfuturecalls.blogspot.com/2023/03/blog-post_14.html

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BANK NIFTY  FUTURE BUY GIVEN ABOVE 39550 ACHIEVED  BOTH THE  TARGETS  39450 /39350   PROFIT 7500

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NIFTY OUTLOOK FOR TOMORROW

Markets inched further lower and lost over half a percent, in continuation to the prevailing trend.  After the initial decline, Nifty tried to recoup losses in the middle but selling pressure in index majors from IT, banking and energy pack pushed the index to a newer low. It slipped below the psychological mark of 17,000 levels for a brief and finally settled at 17,043.30 levels. 

At close, the Sensex was down 337.66 points  at 57,900.19, and the Nifty was down 111.00 points  at 17,043.30.Amid weak Asian markets, the Indian benchmarks started on a negative note but recovered the losses and traded flat for a couple of hours before bears took charge. However, a 25-month low WPI inflation helped erase all the intraday losses but selling across the sectors dragged the benchmarks into the red.  Markets are dancing to the global tunes and we’ll see the reaction to the US inflation in early trade on Wednesday. Indications are in the favor of some breather after the recent slide but the upside seems capped too. Meanwhile, participants should stay light and focus more on risk management. 

Resistance: 17200, 17250, 17300

Support: 17150, 17100, 17050