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NIFTY FUTURE SELL GIVEN BELOW 17205 ACHIEVED FIRST THE TARGETS 17155 PROFIT OF 2500
AUROPHARMA FUTURE BUY GIVEN ABOVE 457 ACHEIVED BOTH TARGET 462/467 PROFIT OF 15000
ASIAN PAINT FUTURE BUY GIVEN ABOVE 2837 ACHEIVED FIRST TARGET 2855 PROFIT OF 3600
NIFTY OUTLOOK OF TODAY AND TOMORROW- Indian equity indices ended higher for the second consecutive session, but with moderate gains amid volatility on March 22 as investors await the outcome of the Federal Reserve policy meeting later tonight At close, the Sensex was up 139 points at 58,214.59, and the Nifty was up 44 points at 17,151.After a positive start, the market erased most of the early gains but remained in the green territory throughout the session amid volatility. Buying was seen in the auto, bank and pharma names. Top gainers on the Nifty were HDFC Life Insurance, Bajaj Finance, Bajaj Finserv, Sun Pharma and Tata Consumer Products, while losers were BPCL, Coal India, NTPC, Adani Ports and Axis Bank. On the sectoral front, the pharma index added 1 percent and the PSU Bank index was up 0.8 percent. The Nifty index witnessed sideways momentum throughout the day but the index managed to close in green. The index remains in a buy-on-dip mode as long as the index stays above 17,000.The immediate hurdle on the upside is at 17,200 where the highest open interest is built up on the call side. The index once surpassed the resistance will witness a sharp move on the upside toward the 17,500 level.
Resistance: 17185, 17250, 17325
Support: 17150, 17100, 17050