Stock Market Technical News By Trifid Research

forexMarkets opened on a strong note and headed towards record highs mainly led by Banking & Oil and Gas stocks which made indices to end near fresh record highs. Nifty future opened above resistance mark of 6530 and led towards key mark of 6600 and was able to settle around it. This strong closing indicates that the bull run may continue towards new highs. If some correction occurs then nifty will find support in the range of 6570-6550.

TREND: SIDEWAYS

SUPPORT: 6570 & 6530

RESISTANCE: 6620 & 6660

DAILY MARKETS TREND:

  • Sensex climbs 300 points to settle above 22,000.
  • China March HSBC flash PMI falls for fifth month in row.
  • MOIL at 14-mnth high on executing prospecting license deeds.
  • Amtek India, Amtek Auto extend rally post acquisition of Kuepper Group Germany.

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