BAJAJ BROKING
Welcome to Markets Daily by Bajaj Broking, where we bring you the latest market insights to help you stay ahead of the curve. Don’t forget to check out our Morning Podcast for more updates!
Also Read: Stock Market Live Updates
Global markets started the week on a strong note, with the S&P 500 rising 0.6% as investors awaited the Federal Reserve meeting and Nvidia's AI conference.
U.S. retail sales rebounded, easing recession concerns.
Asian markets followed Wall Street’s momentum.
10-year U.S. Treasury yield remained stable.
Gold hovered near $3,000.
Also Read: Manappuram Finance Board to Consider Fundraising Proposals on March 20
Indian markets ended higher, with Nifty reclaiming 22,500 as key sectors like auto, banking, and metals gained.
Nifty Outlook: Expected to extend its uptrend towards 22,700-23,000, with strong support at 22,200-22,300.
Derivative Data: Put writing at key support levels suggests a positive bias, although FIIs remained net sellers while DIIs were net buyers.
Sammaan Capital S&P Global Ratings upgraded Sammaan Capital Limited’s long-term international credit rating to B+ (Stable outlook) from B (Positive outlook). This upgrade signals improved financial stability and growth prospects.
Motherson Sumi Wiring: The company’s Board Meeting on March 21 will consider a stock split, which could enhance liquidity and make the stock more accessible to retail investors.
FII & DII Data: FIIs: Net sellers of ₹4,488.45 crore in equities.
DIIs: Net buyers of ₹6,000.60 crore, supporting the market’s upward momentum.
Also Read: IRCON Wins Rs.285 Crore Order in Meghalaya Secretariat Project
Gift Nifty suggests a positive opening, tracking strong global cues.
Expected Nifty Spot Range: 22,350 - 22,800.
Previous Session Performance (March 17, 2025)
Sensex: +341 points (0.46%) → 74,169.95
Nifty 50: +111 points (0.50%) → 22,508.75
Sectoral Performance
Gainers: Auto, Banking, Metals, Power, Pharma (0.5-1.5%)
Losers: Realty, Media (-0.5%)
BSE Midcap: +0.77%
BSE Small-cap: Flat
Also Read: Moody’s Affirms IndusInd Bank Ratings, Places BCA on Review for Downgrade
Nifty snapped a two-session decline, forming a bullish piercing line candle, signaling buying demand near the 50% retracement level of the previous up move (21,965 - 22,676).
Key Observation: Nifty took 4 sessions to retrace 50% of the previous 4 sessions up move, indicating strength and a higher bottom formation.
Target Levels: 22,700 - 23,000 in the coming sessions.
Support Levels: 22,200 - 22,300.
RSI Indicator: 14-period RSI rebounding, validating a positive bias.
Intraday Levels for Nifty
Resistance: 22,680 & 22,770
Support: 22,430 & 22,350
Intraday Levels for Bank Nifty
Resistance: 48,600 & 48,950
Support: 48,210 & 48,000
Global & Asian Markets
S&P 500: +0.6% → 5,675
NASDAQ Composite: +0.3% → 17,808
Dow Jones: +0.9% → 41,841
Retail Sales Rebounded: Suggests economic growth in Q1, despite tariffs and federal job cuts affecting sentiment.
Fed Meeting: Investors await updates on the economy and interest rates. The Fed is expected to hold rates steady.
Nikkei 225: +1.34%
Topix Index: +1.26%
Kospi (South Korea): +0.76%
Kosdaq (Small-cap, South Korea): +0.38%
Focus: BOJ Monetary Policy Meeting (March 19). The Bank of Japan is expected to maintain interest rates at 0.5%.
For detailed analysis on the option chain, including trends, key levels, and options activity, check out our in-depth market reports. Stay informed and make data-driven investment decisions! Don’t forget to subscribe for daily insights!
Share this article:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading