Markets May Continue Upward Swing On Strong Global Cues, However 11465 Would Be A Level To Watch

Stock Market Today by Shailesh Saraf – 15th March 2019

Markets may continue upward swing on strong global cues, however 11465 would be a level to watch. Indian market yesterday ended unchanged after rising for three consecutive sessions.

The Index has already rallied by over 500 points so far in March and some breather or consolidation cannot be ruled out, at least in the near term but the larger trend still remains to be on the upside.

On higher side, Nifty may face resistance at 11465 which is its weekly level. The next level above 11465 is 11750 which is its all time high of Nifty. In the current expiry, Major players of the market FII+PRO in combined have bought 218707 contracts in Index Options. The Small cap Index is strongly trading above 6600 level the next weekly level for Small cap is 6930.

The rupee rose by 20 paise to close at a seven-month high of 69.34 against the dollar, extending gains for a fourth straight session on robust foreign fund inflows.

Overnight, U.S. market ended mixed amid reports that a meeting between President Donald Trump and Chinese President Xi Jinping has been pushed back until at least April. Trump said that he is in "no rush" to complete a trade deal with China.

Asian stocks were mostly higher on Friday after U.K. lawmakers overwhelmingly backed a government motion on Thursday to ask for a three-month delay for Britain's departure from the European Union, helping ease worries over a disorderly Brexit.

The upside, however, remained limited amid a fresh flare up in U.S.-China trade concerns after U.S. President Donald Trump said he was in no rush to complete a trade pact with China.

US Data

The US 10 Year T-Note is trading at 122.76. The Bond has broken its important low of 120.03 on 2nd Oct 2018. The US Dollar Index is trading at 96.632.

Sector Performance as on 14th Mar

Sector Performance as on 14th Mar

Sector wise Small Cap Gainers as on 14th Mar

Sector wise Small Cap Gainers as on 14th Mar

Large Cap Gainers and Losers as on 14th Mar

Large Cap Gainers and Losers as on 14th Mar

Mid cap Gainers and Losers as on 14th Mar

Mid cap Gainers and Losers as on 14th Mar

NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION

Index Options

FII+PRO in combined have bought 218707 contracts in Index Options in the current expiry.

Cash Market Data

Cash Market Data

In last 10 days, FII has bought shares in cash segment worth Rs. 18018.18 Crore.

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