Stock Market News By Trifid Research 24 March

stockMarkets were highly range bound in the previous session and closed the eight consecutive session on a flat note unable to give decisive breakouts on either sides. Nifty future mainly traded in a range of 6530-6510 for the whole session and closed flat. Overall, index is not able to move with on a firm note on either side which is essential to decide its further trend. Major resistance seen ahead is 6550-6570 while support is seen near 6460.

TREND: SIDEWAYS

SUPPORT:6460 & 6420

RESISTANCE:6540 & 6570

DAILY MARKETS TREND:

  • Sensex ends flat; metal up, oil & gas down.
  • Axis Bank jumps 3%, govt sells 9% stake via block deals.
  • CanBk gains 2% on 1000 cr fund raising plan.
  • IL&FS Engg soars 10% on getting Gurgaon metro rail order.
  • Tulip Telecom down after CMD’s arrest for alleged tax

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