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Nifty Trading Wrap Up For 22 March,2024:

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Topic :- Share Market Closing Note


Sensex, Nifty end higher amid volatility; auto, pharma, realty gain, IT drags:


Indian benchmark indices ended on positive note for the third consecutive session on March 22.


At close, the Sensex was up 190.75 points or 0.26 percent at 72,831.94, and the Nifty was up 84.80 points or 0.39 percent at 22,096.80. About 2434 shares advanced, 1209 shares declined, and 119 shares unchanged.


Top gainers on the Nifty included UPL, Maruti Suzuki, Hero MotoCorp, Bajaj Auto and Sun Pharma, while losers were Wipro, Infosys, LTIMindtree, HCL Technologies and TCS.


Metal, auto, realty, FMCG, capital goods, healthcare and power up 0.5-1 percent, while Information Technology index down 2 percent.


BSE midcap index up 0.3 percent and smallcap index up 1 percent.


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Topic :- Time:3.00 PM


Nifty spot if holds above 22100 level on closing basis then expect some upmove in coming sessions and if it closes below above mentioned level then some sluggish move may continue.


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Topic :- Time:2.30 PM


CRUDEOIL Trading View:

CRUDEOIL is trading at 6759. It will face resistance at 6790-6800. If it fails to trade above it then we can see some decline in it again and if it manages to trade and hold above 6800 level then we can witness 6880 level soon in Crudeoil.


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Topic :- Time:2.15 PM


Just In:

Bhutans PM Tshering Tobgay welcomes PM Modi as he lands at Paro airport


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Topic :- Time:2.00 PM


Nifty is still in same small range. Nifty spot if manages to trade and sustain above 22120 level then expect some upmove and if it breaks and trade below 22080 level then some decline can follow in the market.


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Topic :- Time:1.30 PM


SILVER Trading View:


SILVER is trading at 74527. If it breaks and trade below 74480 level then expect some decline in it and if it manages to trade and sustain above 74620 level then some upmove can follow in it.


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Topic :- Time:1.00 PM


Market is trading in small range. Nifty spot if manages to trade and sustain above 22120 level then expect some upmove and if it breaks and trade below 22080 level then some decline can be seen in the market.


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Topic :- Time:12.30 PM


COPPER Trading View:

COPPER is trading at 753.10. If it holds below 755.50 level then expect it to test 750 level quite soon and if it manages to trade and sustain above 755.50 level then some upmove can follow in it.


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Topic :- Time:12.10 PM


Just In:

Welspun Corp bags line pipe orders in India and US worth ₹2,039 crore.


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Topic :- Time:12.00 PM


Nifty is trading in range now. Premium decay is going on so options traders are advised to trade with care.


Nifty spot if manages to trade and sustain above 22100 level then expect some upmove and if it breaks and trade below 22040 level then some decline can follow.


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Topic :- Time:11.30 AM


News Wrap Up:

1. Sensex, Nifty flat; IT bluechips fall up to 5%

2. IndiGo nears a decision to race with Air India, capture more skies

3. Kejriwals arrest: SC bench to take up case shortly

4. FII bulls pour in Rs 43,900 crore in 13 sectors

5. TCIL to sell 15% stake in Bharti Hexacom

6. NMDC exploring lithium assets in Africa & Aus

7. Hindustan Zinc may put off demerger

8. RBI issues omnibus framework for SROs

9. IT stocks crash as Accenture lowers guidance, Nomura pessimistic on TCS, Wipro, LTIMindtree, L&T Tech

10. Indian government rejects Hindustan Zincs plan to split company


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Topic :- Securities in Ban


Securities in Ban For Trade Date 22-MAR-2024:

1. BALRAMCHIN

2. BIOCON

3. INDUSTOWER

4. PEL

5. SAIL

6. TATACHEM

7. ZEEL


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Topic :- Nifty Opening Note


Indian Stock Market Trading View For 22 March, 2024:


Flat opening expected. Nifty to turn volatile as the day progresses.


Nifty spot if manages to trade and sustain above 22040 level then expect some upmove and if it breaks and trade below 21980 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.


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