Nifty has support at 17,645, followed by 17,606 and 17,543.
The market is expected to open on a cautious note as trends in the SGX Nifty indicate a flat opening for the broader index in India with a gain of 7 points on Thursday.
The market ended in the green for the third day in a row, supported by a rebound in late trade on March 8. Weak Asian peers weighed on the sentiment, but the buying in banks, auto, oil and gas, and FMCG aided the recovery. The BSE Sensex advanced 124 points to 60,348, while the Nifty50 climbed 43 points to 17,754 and formed a bullish candlestick pattern with long lower shadow on the daily charts, with above average volumes.
As per the pivot charts, the Nifty has support at 17,645, followed by 17,606 and 17,543. If the index moves up, the key resistance levels to watch out for are 17,770, followed by 17,809 and 17,872
The market is expected to open on a cautious note as trends in the SGX Nifty indicate a flat opening for the broader index in India with a gain of 7 points on Thursday.
The market ended in the green for the third day in a row, supported by a rebound in late trade on March 8. Weak Asian peers weighed on the sentiment, but the buying in banks, auto, oil and gas, and FMCG aided the recovery. The BSE Sensex advanced 124 points to 60,348, while the Nifty50 climbed 43 points to 17,754 and formed a bullish candlestick pattern with long lower shadow on the daily charts, with above average volumes.
As per the pivot charts, the Nifty has support at 17,645, followed by 17,606 and 17,543. If the index moves up, the key resistance levels to watch out for are 17,770, followed by 17,809 and 17,872
Trade closed: target reached
Trade closed: target reached
prashanth