Despite of mixed cues arising from Asian Pacific, the domestic markets begins on a positive note for the consecutive third day. The Indian Bourses opened higher at 8451 up by 133.15 points while Sensex is opened at 29073.71 increased by 537.93 points. On hourly chart, Nifty is trading above Bollinger band median line which act as a strong support for it at 7946 levels . The RSI is trading at 59.40 level with no sign of divergence. The overall market breadth is tilted in the favor of buyers as 949 stocks are advanced and 526 shares are declined. Among sectors, all the sectors are trading at higher note with Nifty IT and PVT Bank surged by almost 3.5 percent . Indian rupee opened at 75.86 per dollar against the previous close of 76.36 per dollar.
Niftybank: It is opened on a positive note 18781.85 surged by 300.80 points. Currently it is trading above 19000 up by almost 2.8 percent and made a high of 19072.65. The immediate support and resistance levels are placed at 18300 and 19550 respectively.
Stocks in Limelight:
NTPC: The Company added 2nd unit of 660 MW of Khargone Super Thermal Power Project to installed capacity.
DELTACORP: The board meeting held on March 28 to consider the proposal for buy?back of equity shares.
YESBANK: The bank’s board will meet on March 26 for general purpose discussion.