1
395 701 The key benchmark index continued its northern journey strongly for most of the day despite of the selloff witnessed in the later part of the day. Sector specific PSU Bank and IT sectors outperformed the key benchmark index where as FMCG and Realty sectors were the laggards in the market. Structural strength is still intact on the benchmark index. Vertical wave have really surprised the market and benchmark index marched towards the northern trajectory. First line of defense is placed near 11500 which is the strong resistance zone. We can undoubtedly observe that the momentum is clearly towards the northern trajectory. In the recent scenario Bank Nifty is oscillating in an escalating channel where in it took a support near the level of 26750 and travelled towards north by outperforming the key benchmark index crossing the level of 29000 in Friday’s trading session. Bank Nifty has shown the strong performance by outperforming the key benchmark index. Bank Nifty has now given a breakout from that channel and Bulls have taken the index to an all-time high and we may see the further escalation towards Northern trajectory towards uncharted territory. 11545 29827 11485 29604 11428 29297 11368 29074 11311 28767 ICICIBANK GODREJ CP 410 685 388 715 VIEW POSITIVE POSITIVE POSITIVE KOTAKBANK IOC HINDPETRO POWERGRID WIPRO 1,328.00 155.95 275.00 193.00 263.70 4.65 3.21 2.94 2.88 2.67 HINDUNILVR YESBANK RELIANCE ITC BHARTIARTL 1,701.00 245.05 1,323.75 291.60 337.95 -2.09 -1.92 -1.33 -1.32 -1.30 768 1062 107 11426.85 29381.45 Date: 18 th Mar 2019 Contact: 022 61796400. Email: [email protected]
