Daily Analysis of Stock Market – NIFTY – 3rd March 2021

On Wednesday, The market had a gap up opening and remained in green for the whole session. At the closing market closed in the green. The market was very much volatile today. The Nifty index closed at 15,245.60, The Nifty bank index closed above and hold 36,368.05, and the Sensex settled above 51,444.65. The Nifty index gained around 326.50 points, The Nifty bank index gained around 948.35 points and the Sensex gained 1147.76 points in a single day.

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Today, the Nifty index opened at 15,064.40 went up to 15,273.15, and closed at 15,245.60, after making the low of 14,995.80, The Nifty Bank index opened at 35,754.45 and stayed volatile between the high of 36,455.15, to the low of 35,570.55, and closed at 36,368.05.

According to the Nifty daily chart, If Nifty breaks and sustain below 14,400 levels, Then nifty can move towards 14,200 to 14,100 levels. Alternatively, If Nifty doesn’t break and sustain below 14,400 levels, then it might retest 15,000 to 15,100 levels.

NEWS HIGHLIGHTS

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  • HDFC to raise up to Rs 5,000 crore via bonds.
  • Rupee zooms 65 paise to close at 72.72 against US dollar.
  • Bank of Baroda raises Rs 4,500 crore through QIP.
  • Tata Power arm TP Saurya to supply solar power to Tata Steel in Jharkhand.
  • RITES share price up 7% on bagging orders worth Rs 93.18 crore.
  • Altico Capital lenders sign a settlement agreement with Ares SSG Capital.

Trading zone for the Nifty index on 3rd March 2021

Upside Resistance:-  15,347, 15,449, 15,625.

Downside Support:-  15,070, 14,894, 14,793.

Nifty 50

AdvancesDeclines
4406

In the Nifty 50, 44 stock traded in green and whereas only 06 were declined on 3rd March 2021.

Top 5 Nifty Gainer and Loser

Gainer%Loser%
Tata Steel5.66Hero Motocorp-1.50
Bajaj Finserv5.25Maruti Suzuki-1.24
Reliance4.56Bajaj Auto-1.09
Bajaj Finance4.56M&M-0.93
UPL4.10BPCL-0.56

The most active value-wise stocks were Reliance, Tata Motors, Tata Steel, SBI, HDFC, and the volume-wise were Tata Motors, SBI, NTPC, IOC, Tata Steel.

FII and DII trading activity on NSE, BSE, and MSEI on Capital Market Segment as on 3rd March 2021

FII (Cr.)DII (Cr.)
2088.7392.91

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