Equity Market This Week
Key indices gained in all the three sessions of the week. The stock market remains shut on Thursday, 24 March 2016, on account of Holi and again on Friday, 25 March 2016, on account of Good Friday. Bank stocks edged higher on expectations of a bigger rate cut of 50 basis points from the Reserve Bank of India (RBI) at its monetary policy review early next month. On the macro front, data released by the Reserve Bank of India (RBI) on 21 March 2016, showed that India’s current account deficit (CAD) narrowed to 1.3% of GDP in Q3 December 2015 from 1.7% of GDP in Q2 September 2015 and 1.5% of GDP in Q3 December 2014
Nifty Tips Tomorrow (Monday)
As the stock market perform on bull side this week nifty also went perellol to equity market. Also Nifty is looking bullish for tomorrow (next trading session) with a resistance at 7740 and 7770, while it has support at 7680 and 7650 level. For Tomorrow Nifty tips is to buy on lower level.