Nifty Outlook
Trend: - Consolidate
Resistance: - 5530 , 5640
Support: - 5460 , 5380
Strategy: - Sell on highs

Bank Nifty Outlook
Trend: - Consolidate
Resistance: - 11070 11270
Support: - 10750,  10600
Strategy: - Sell on highs

Indian equity market up 1.2%, Nifty above 5500, up 62 pts & Sensex up 192 pts EUR core CPI came down at 1% vs. 1.1%, CPI y/y came as expected at 2.4%. European markets were down with FTSE worst, Dow future was up 30 pts. Indian equity market ended up 1.20% ahead of crucial RBI credit policy meet on 17th March. Nifty added 62 pts to end above 5500 at 5512 while Sensex gained 191 pts to end at 18359. Euro markets were down due to negative economic data with FTSE worst 40 pts at 5655, CAC 30 pts & DAX down 9 pts at 6640. Dow future was up 30 pts.

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Nifty Support and resistance

Trend: - Consolidate

Resistance: -5570 5650

Support: - 5490, 5400

Strategy: - Sell on highs

Bank Nifty Support and resistance

Trend: - Consolidate

Resistance: - 11040 11300

Support: - 10780, 10640

Strategy: - Sell on highs

Stock Market Hot News
Indian equity market ended up 1.60%; Nifty up 87 pts and Sensex up 266 pts.
Feb WPI inflation came at 8.31 vs. 8.23% in Jan as against expected at 7.79%.
European markets were down with DAX worst, Dow future was down 20 pts.
Indian equity market ended up despite negative global cues on the back of falling crude
oil prices. Nifty added 86 pts to end above 5500 at 5531 while Sensex rallied 265.4 pts
to end at 18440. Euro markets were in red on concerns over economic damage caused
by Japan’s earthquake with DAX down 84 pts, FTSE down 19 pts & CAC down 23 pts.

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