Share Market Highlights: Sensex ends flat with negative bias, Nifty at 15,313; Power Grid, ONGC & NTPC top gainers
Stocks on focus: Vodafone Idea, Indiabulls Housing Finance, SIS, Nestle, Varun Beverages
SGX Nifty was hinting at a flat opening for domestic stock markets on Tuesday morning. Now, since the Union Budget, Both the benchmark indices, S&P BSE Sensex and NSE Nifty 50 have gained over 12% each. “Based on the daily chart, Nifty / Sensex are moving towards 15500/52500 levels with minor resistance at 15360/52250 level and on the downside, 15270/51850 and 15100/51200 would be the big supports,” said Shrikant Chouhan, Executive Vice President, Equity Technical Research at Kotak Securities. He advises investors to trim long positions that are looking weak and book partial profits where returns have been abnormal.
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