Stock market: How will the market be on March 18?

stock market: Market experts have expressed the possibility of ups and downs in the stock market in the month of March. There was a strong sale in the stock market today on Friday. Major market indices closed in the red. So in this case What will the market be like?let us know How will the market be on March 18?

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India’s benchmark index today recouped all the losses of the last trading session. Nifty today closed at lows around 22,000, so in this position How will the Kl stock market be?,

At the end of the trading session, the Sensex closed down 453.85 points or 0.62% at 72643.3. The Nifty today closed down 123.40 points or 0.56% at 22,023.30. Today around 1724 shares rose, 1939 shares declined and 113 shares remained unchanged. You can use these 5 fast trading mobile apps to invest in the stock market.

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BPCL, M&M in Nifty today Tata Motors, Mahindra & Mahindra, TVS Motors, Coal India and LNT were the top losers. Zomato, UPL, Bharti Airtel, Vedanta, Bajaj Finance, HDFC Life Insurance, Adani Enterprises and Hindalco Industries were the top gainers in the Nifty.

Talking about sectoral indices, barring telecom, all other sectoral indices closed in the red today. Oil & Gas, Auto, Capital Goods, Healthcare closed with declines of 1-2 percent. A one percent increase has been seen in the telecom index. The BSE Midcap index closed down 0.5%. While the small cap index closed in the green.

How will the market be on March 18?

Vinod Nair of Geojit Financial Services It has been said Midcap And the market has shown a cautious attitude towards small caps. In which the bread market fell. However, demand is expected to increase further as global commodity prices soften and India’s GDP growth forecast for FY2025 rises. In such a situation, after the stability of the market, the market is bullish.

Rupak Day of LKP Securities said that the Nifty has once again closed below the rising trade line, with market sentiment likely to weaken again. The Moment Indicator is indicating that the recession is likely to remain in the near term. For Nifty, there is immediate support at 50 DMA and resistance is seen on the upside, around 22,200 to 22,250.

Kunal Shah of LKP Securities The BankNifty index is said to have seen stable trading levels today. In which a doji candle is formed which indicates a clear direction in the market. Bank Nifty The immediate resistance for the index is at 47000, which is close to the 20-day moving average. A move above this level may lead the index towards 47,500 points. On the downside, support is seen at 46,500 to 46,300. If this support is broken, the market will see further decline.

disclaimer

Fresh time The above information is not investment advice. Before investing in share market, consult a qualified expert.

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