Tuesday, 14 March 2017

Market Snapshot for 14th Mar. 2017

Market Snapshot for 14th Mar. 2017

Today, sentiments got a boost from BJP’s stunning victory in Uttar Pradesh assembly elections, which gives it room for adding more representatives in the Rajya Sabha. 

Nifty made a new high of 9122.75 (previous high was 9119.2, dated 4th Mar. 2015) and closed at a record high above 9000 for the first time ever.

Sensex has not made a new high today as previous high was 30024.74 but closing high was 29681. 77, dated 29th Jan. 2015)

Nifty  152.45 🔼 9087

Sensex  496.40 🔼 29442. 63

CNX MidCap  235.70 🔼 16526.90

Nifty 50 info

Top Gainer : ICICIBANK  286.70  🔼 5.97%

Top Loser : BOSCHLTD 22281.10 🔽 2.11%

Turnover Topper by Traded Value : ICICIBANK

Turnover Topper by Traded Quantity : JPASSOCIAT

Advance / Decline : 1041 / 610

New 52 Wk High in Nifty50 : BHEL, INDUSINDBK, KOTAKBANK, YESBank.

FIIs/FPI vs DIIs Figures : +4087.89 Cr vs -1519.94 Cr

Nifty Outlook :

As expected Nifty opened with an upside gap but failed to close near high. On the daily chart, it has formed doji and signalled abandoned baby pattern. Looking at FIIs' figures give us hopes to continue the rally. But massive profit booking through redemption may pull down Nifty to 8975 or 8870 levels.

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