Live & Latest Intraday trading Stock Recommendations tomorrow, Stocks in news, Intraday tips free today, Stock market investment tips today and tomorrow, intraday nifty and stocks tips and calls, Tuesday 29 March 2016, Nifty Trading Tips, nifty trend tomorrow, nifty stocks, nifty tips intraday, nifty tips provider, stock market investment for beginners, intraday stock tips, intraday trading tips, intraday stocks watch today, best stocks to buy today and tomorrow, hot stocks to buy now, picks in shares of India 29 March 2016 :-
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The world and it's markets seem to have no major worries. So was the case on Monday but Indian indices came tumbling down charting it's own course. Metal, pharma and banking stocks were among the top losers. The weakness on Monday was accentuated by a fall in Tata Steel, SBI and ICICI Bank. The outlook is a flat start. Crude prices have cooled. Asian markets remain directionless as they are moving in a narrow range.
US indices too ended near precious closing levels. Fed policy will be in focus as global investors will eye US GDP data and a speech from Janet Yellen. Nifty resistance at 7745 is particularly strong; this level is the midpoint of the current gann channel. Technically speaking, formation of hanging man candlestick at the top of the uptrend also suggests investors should adopt a cautious approach. With F&O expiry around the corner, market is most likely to swing between 7500-7700 zone (maximum call/put OI at 7700/7500 strikes).
With FIIs adding significant index long position during the March series; rollovers of their long index future position is most likely to dictate near term trend in the market. India VIX (fear index) has seen sharp increase in today’s trading session indicating market participants expect the current rally to halt at 7,750 level.
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