Market Trend Analysis – Nifty & Bank Nifty Technical Astro Analysis

Market Today 03rd march 2021

Domestic equity markets showed a solid recovery at the end of the session, driven mainly by metals and FMCG stocks, and ended on a mixed Monday, despite bank losses limiting growth. Among the major indices, the BSE S&P BSE Sensex barometer ended the day at 48,716 points, down 64 points or 0.13 percent. The index hit a low of 48,028 at the opening of trades, but rallied rapidly throughout the day, reaching 48,863 by the end of the afternoon.

On the NSE, Nifty50 closed at 14,634, up 3 points, or 0.02 percent, after hitting a daily high of 14,674.

SBI Life (+ 5%) ended the day as the rising leader for Nifty, after posting a net profit of Lei 532.4 million for the March quarter. The life insurer reported net premium income of Rs 15,556, up from Rs 11,863 in the same quarter last year.

Additionally, Bharti Airtel, Adani Ports, Tata Steel, HUL, Asian Paints and Maruti Suzuki were the other top 50 stocks in the index.

OI Gainer Stock

OI Gainer Top 5 Stock as per image SBILIFE 33% OI , Marico 21% OI, Bhel 19% OI, Alkem 13% and LTTS 9.5 % OI Gain Approx.

Bank Nifty Technical Trend Analysis

Bank Nifty fall 316 point but strong recovery from lower level 31900. Bank Nifty strong support 32360 Closing Basis. & Strong Resistance level is 33201. intraday Down side Strong support 32101-31900 level up side resistance level is 32600 if cross and sustain above bull will come next level 32900/33150/33270.

Nifty Technical Level analysis

Nifty Trade today as per my analysis today morning post. Nifty will have to hold a level of 14500 if the market has to go up. Tomorrow the strong support of the Nifty in the market is 14440 at the bottom, 14800-14880 will be at the top.

Nifty 50 Stock To watch

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict SL .Please also read the detailed Disclaimer mentioned in the left side of Blog.

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