Market Update: Idea Cellular was the stock in focus through the day after it announced a merger with Vodafone in the morning. The stock saw huge volatile swings as it surged nearly 15 percent intraday, before plunging 15 percent as well. Benchmark indices settled the day lower tracking muted trend seen in Asian markets, while back home losses in Idea Cellular pulled the Nifty index down. The S&P BSE Sensex ended at 29,520, down 128 points, while the broader Nifty50 closed at 9,129, down 30 points. The market breadth, indicating the overall health of the market, turned negative from positive.
Nifty Buy Tips For Tomorrow (21st March 2017)
TREND: CONSOLIDATE TO BEARISH
RESISTANCE: 9160 , 9190
SUPPORT: 9120, 9085
APPROACH: SELL ON HIGH
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