Stock Market Today – 22nd March, 2022

Today, Nifty opened on a positive note but closed with marginal gain of 0.20% for the day.

The market breadth was positive. Buying came to Pharma, PSU Banks and Auto stocks. On the other hand, Media stocks saw profit-taking while Real-estate stocks were also down.

Major gainers: HDFC Life, Bajaj Finance, Bajaj Finserv

Major losers: BPCL, NTPC, Coal India

In last post, we wrote following:

In last post, wrote – hope for further recovery – market strong enough to see a bounce

Since the above post, Nifty has managed to gain 200+ points in 2 days. Nifty continues to face resistance at 17200 spot. Technically, Nifty may see a dip before attempting to move up. Will IT stocks lend some support?

Profitable trading!

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