Life @ TradeIndia Research

Saturday, 25 March 2017

Top 3 elements which will graph Stock Market Direction next Week

The Nifty took a breather after hitting a record high of 9,218 in the earlier week and closed 0.56 percent bring down for the week finished March 24, 2017. The S&P BSE Sensex ended 0.7 percent lower at 29,421.40 in the same period.

The S&P BSE midcap index closed 0.3 percent lower, while the S&P BSE Smallcap index ended 0.4 percent higher for the week ended March 24.

The market is consolidating in a narrow range close to its critical support level, which still warrants some alert as a breakdown could take the index towards even lower levels from here. However, a breakout, could take the Nifty towards 9,218-9,250 level and beyond.

Sebi bans RIL from equity derivatives

Come Monday morning, Reliance Industries (RIL), the nation’s second most valued firm will be in focus after the Securities and Exchange Board of India (SEBI) on Friday prohibited RIL and 12 others from equity derivatives trading for one year and directed the firm to disgorge nearly Rs 1,000 crore for alleged fraudulent trading in a 10-year-old case.

March F&O expiry

Stock Future Tips The stock exchange is expected to stay volatile in front of the expiry of March month’s contract as traders roll over their derivative positions (Futures & Options (F&O)) segment from the near-month March 2017 series to April 2017 series.

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