On Monday, Nifty witnessed a scintillating start above the 15,000 mark while soon after opening, it extended its move beyond the 15,100 mark. However, selling pressure emerged at higher levels, and thus, Nifty gave up the majority of its gains and finally ended the day with modest gains of 0.12 per cent at 14,956.

The company’s marketing partner BPI will launch Everolimus tablets in the strengths of 2.5 mg, 5 mg, and 7.5 mg in the near term.

With this, the maximum open interest concentration on the put side stands at 15,000 strikes. Hence, this is going to be an important level to watch. On the call side, broad call addition can be seen in Nifty from 15,000 to 15,500 levels.   

Valuations do look expensive but are based on depressed earnings as of now. So, it seems that the market is expecting the recent trend of better-than-expected growth.

The market opened in green on March 08, 2021.

The market opened in green on March 08, 2021, overall volumes in futures & options currently stand at 9,76,01,800 contracts with a turnover of Rs. 95,47,788.50 crore.

The market opened in green on March 08, 2021, overall volumes in futures & options currently stand at 9,76,01,800 contracts with a turnover of Rs. 95,47,788.50 crore.

Vaishali Pharma Limited has been awarded two tenders for the supply of surgical & pharma products to Vanuatu Islands and for the supply of surgical products to Samoa Islands. 

Just Dial: Just Dial has signed an advertising agreement with broadcaster Star India for advertising as ‘co-presenting sponsor’ in Indian Premier League-14 (IPL 2021), to be held in April-May this year. 

Technically, Nifty has been witnessing the formation of a lower high & lower low on the daily chart and along with this, it has breached its important short-term moving average i.e., 20-DMA. Though on the weekly chart, we have seen the formation of a bullish candle as the close of the week was greater than the opening of the week.