NIFTY TIPS TODAY 16 MARCH, NIFTY FUTURES TIPS TODAY 16 MARCH, NIFTY MARCH TARGET, BUDGET UPDATES TODAY 16 MARCH, NIFTY TO BUY TODAY 16 MARCH, NIFTY ANALYSIS TODAY 16 MARCH, INTRADAY NIFTY TIPS TODAY,
NIFTY SPOT LEVELS TODAY 16 MARCH:
SHORT NIFTY 5390-80 STOPLOSS 5420 SPOT FOR RISK TAKERS ONLY
Today is the most auspicious day for Indian Investors. As the market move solely depends on Budget speech, Investors are advised to trade very cautiously today. Small investors advised to stay away from the market till budget announcement.
Market today will be highly volatile but to trade successfully today you have to be on your edge all the time as opportunity may come any time. This is the perfect “HIT AND RUN” market.
Nifty is likely to be very volatile. If it sustain above 5550/5580 with volume, then huge short covering is expected in the bear hammered stocks. Nifty will find support at 5440/5380 level.
Since market will see high volatility. Hence trade in options to be in the safer side. Option trading is very profitable during volatile week as option beta is very high.
Power Trading Corporation (21%), Indian Bank (15%), Adani Power (15%), Dabur India (13%) and Biocon (13%) were the top open interest gainers in the market.
IRB infrastructure (-13), Tata Chemicals (-13%), BEML (-13%) and VIP Industries (-12%) were the top open interest losers in the market.
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