Equity benchmarks extended losses on Monday, with the Sensex shedding 258 points intraday, tracking correction in global peers after the US President Donald Trump failed to get healthcare reform passed. The news of SEBI order on Reliance Industries and the forecast of Monsoon below normal level were other reasons for selling pressure in the market.
Falling for the first session in three, the 30-share index stayed in the negative zone throughout the day and settled down by 184.25 points, or 0.63 per cent, at 29,237.15 after touching a low of 29,163.The broader Nifty also succumbed to selling and slipped below the 9,100-mark in early trade to hit a low of 9,024.65 before recovering partially to close 62.80 points or 0.69 percent lower at 9,045.
Today’s Top NSE Gainers: Bank of Baroda, SBI, IndusInd Bank, Tata Power, HDFC.
Today’s Top NSE Losers: Idea Cellular, Tata Steel, Hindalco, Reliance, Aurobindo Pharm.
Share Tips For Tomorrow
Buy BOMDYEING above 88.2 Targets 89, 89.8, 90.6 Stop loss 86.6
Buy BPL above 74.4 Targets75.1, 75.8, 76.5 Stop loss 73
Nifty Trend For Tomorrow: 28th March
According to our technical analysis, tomorrow Nifty Market seems to follow the Bearish Trend, with having the Support around 9015, 8985 and Resistance around 9085, 9125 Selling On High will be beneficial for the traders.
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