NIFTY TIPS TOMORROW 29 MARCH, NIFTY FUTURES TIPS TOMORROW 29 MARCH, SHARE TRADING TIPS TOMORROW 29 MARCH, NIFTY TO BUY TOMORROW 29 MARCH
NIFTY Intraday Trade levels For Tomorrow 29 March:High2: 5253
High1: 5213
Midpoint: 5185
Low1: 5161
Low2: 5119
Indian markets turned volatile in today’s trade after a huge upside in the previous session. Profit booking was seen in majority of the sectors like consumer durables, banking, PSU, realty, Oil & Gas and other sectors except FMCG and Pharma which were the only gaining sectors. Heavyweights like ICICI Bank, Infy, ONGC, SBI, HDFC Bank, HDFC and RIL also led the markets to remain under pressure. Lack of supportive cues from global peers led to a lacklustre trade. European markets too
turned negative after initial gains. Overall, it was rangebound session ahead of F&O expiry tomorrow (March 29, 2012).
Today's fall was majorly led by banks due to the tight liquidity situation. State Bank of India (SBI) dropped 2.28% after the bank raised deposit rates by 25-100 basis points for deposits maturing within one year amid tight liquidity condition. Corporates had withdrawn money for paying advance tax by March.
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