DSIJ Mindshare

Technically, the Nifty Realty index holds immediate support at 287, followed by 275. While 260 would act as a major support. In case of reversal, we hold 301, followed by 313 as resistance.

Nifty is trailing below its 200-days EMA support level of 10,114. It has just touched our next major support at 9,955. Going forward, we hold 9,685 as a major support which would also act as provisional trend reversal. Till then 9,850-9,775 will acts as the immediate support levels.

M&M had surged 1.1 per cent in Monday’s trade before it closed flat. The stock thereby attempted a second Range breakout in a row near 740 levels. Media cued about the completion of a strategic alliance between M&M and Ford Motor Co.

Kishor Biyani promoted Future Lifestyle Fashions surged as much as 3 per cent in an otherwise vary market conditions. The stock has been trading with higher bottoms and multiple resistance at tops forming an Ascending Triangle pattern and has breached the upper trendline on March 01, 2018.  

Nifty Pharma index plunged 1.4 per cent, though it still outperformed the benchmark indices which fell more than 1.5 per cent. Nifty Pharma index too plunged 1.4 per cent, though it still outperformed the benchmark indices which fell more than 1.5 per cent. Going forward, 8,500-8,470 will act as major supports, followed by 8,315.