Market Outlook :
(19 MARCH )
US market 153 Points Down
Asian market Negative
SGX NIFTY 100 points Down
Trend on SGXNIFTY indicates a Negative Opening for index.
Market view :
Market would open Negative.
Yesterday we mentioned that technically our market has entered in negative zone.
Nifty and banknifty both are in same direction.
Market opened gap up.Buy yesterday in morning view we mentioned about opportunity at resistance for selling.
Look at the yesterday's resistance level , exact came down from level.
"A long negative candle was formed with minor lower shadow. Nifty has broken slightly below the trend line support at 14,680 and closed lower.
Increase in the US bond yields weighed on the investor sentiment. Technology, banking & financials, and pharma stocks remained under pressure.
Market would enter into a Positive zone only if it closes Below 14900 for Nifty. Bank nifty still not cross its positive level 35700.
Intraday level can help to take a trade in intra day set up.
Nifty : Bearish
Banknifty : Bearish
Nifty levels
Today's resistance
14625-14740
Today's support
14500-14410
Bank nifty levels
Today's resistance
34460-34860
Today's support
33620-33310
Market outlook view is just for educational purpose.
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By: via @AlliesFin Serve Stock Market
