Market Outlook of 15th Mar, 2018.
GFS Wealth Creators Suggestion and View on Indices.
Choppy market and narrow ranges,
market likely to consolidate between the band 10300 to 10530
Nifty Market continues to move in narrow range with high volatility & no conviction in a consistent move.
Major support for the day is seen at 10300 while resistance is seen at 10440.
Nifty once again needs to decisively cross 10435-10440 hurdle for next target of 10500-530 & hold it’s near term support of 10330 – 10300 – 10150 -10000.
Bank Nifty opened with a gap down of 103 points at 24629.
Finally, the bank nifty closed above with a gain of 130 points at 24862 , as today’s price movement belong to the bulls as the index closes near its day high.
Bank nifty continues to hold above 24500 to witness an up move towards 25000-25100-25200-25500, while major supports exists at 24350-24100.