Trade setup for Indian equity markets for March 10, 2021
The Nifty recovered more than 150 points from the day’s low after it traded below 14950 while the Nifty Bank gained over 500 points led by private sector banks.
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The Nifty recovered more than 150 points from the day’s low after it traded below 14950 while the Nifty Bank gained over 500 points led by private sector banks.
Among Nifty stocks, IndusInd Bank was the top gainer, up 2.96% followed by Eicher Motors and Bajaj Finance, which gained 2.66% and 1.62% respectively.
The recent template of the market has been one of “sell on rally”. The Nifty declined 150 points from the day’s high to close flat with a positive bias. The 50-stock index is facing resistance at its 20-DMA.
Among Nifty stocks, ONGC was the top gainer, up 4.35% followed by UPL and Axis Bank, which gained 3.63% and 1.67% respectively.
Among Nifty stocks, IndusInd Bank was the top loser, down 2.37% followed by ICICI Bank and Axis Bank, which fell 1.90% and 1.42% respectively.