Stock market today: Day trading guide for Nifty 50 to Sensex, nine stocks to buy or sell on Friday — 22nd March
Stock market today: Following strong global market sentiments after the US Fed meeting, the Indian stock market shifted into a decent follow-through upside move on Thursday and ended higher on second day in a row. The Nifty 50 index gained 172 points and closed at the 22,011 level, the BSE Sensex shot up 539 points and ended at the 72,641 mark while the Bank Nifty index finished 374 points higher at the 46,684 level.
The broad market indices outperformed key benchmark indices as the small-cap index ascended over 2 percent, and the mid-cap index skyrocketed 2.36 percent. On the outlook for the Nifty 50 index, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities said, "Further upside from current levels could pull the Nifty 50 index towards the crucial overhead resistance around 22,150 to 22,200 levels in the short term.
Any decline from here could drag Nifty down to 21,700 levels again in the near term." On the outlook for the BSE Sensex today, Shiju Koothupalakkal, Technical Analyst at Prabhudas Lilladher said, "The Indian markets gained significantly today. From the low made near 71,675 zone in the previous session, the Sensex managed to move past the important 50-EMA level of 72,200 zone and breached the 72,500 levels intraday.
Sensex gained 515 points and sentiment has improved along with a positive bias, so a further rise can be anticipated." Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — March 22 Speaking on the outlook for the Bank Nifty today, Om Mehra, Technical Analyst at SAMCO Securities said, "RSI is slowly gearing up and marked to end near 50 levels, indicating there is enough headroom available for further rally. Bank Nifty was supported by the participation of
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