March 18, 2025

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March 18, 2025

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HomeMarket TrendStock Market Trend : 19 March 2025

Stock Market Trend : 19 March 2025

Dear Trader…

The markets decisively broke out of a week-long consolidation, surging nearly 1.5% and reinforcing the recovery momentum. Nifty future exhibited strong upward movement throughout the session, closing near the day’s high at 22,895.40, with broad-based participation across sectors, led by real estate, auto, and banking. Broader indices also posted impressive gains of over 2%.

Looking ahead, the alignment between the benchmark index and banking majors supports further recovery, with Nifty eyeing the 23,130 level. However, global factors such as the Federal Reserve meeting and geopolitical uncertainties may introduce intermittent volatility. A ‘buy on dips’ strategy remains prudent, with a focus on sectors/themes that align with the prevailing market trend.

Nifty futures opened at 22705 points against the previous close of 22584 and opened at a low of 22672 points. Nifty Future closed with an average movement of 239 points and a rise of around 311 points and 22895 points…!!

On the NSE, the midcap 100 index will rise 2.18 % and smallcap 100 index is closing rise 2.71%. Speaking of various sectoral indices, Media, Realty, Consumer Durables, Auto, PSU Bank and Metal stocks saw heavy gains on the NSE, while all other sectoral indices also closed higher.

At the start of intra-day trading, April gold opened at Rs.88274, fell from a high of Rs.88800 points to a low of Rs.88257 with a rise of 769 points, a trend of around Rs.88792 and May Silver opened at Rs.100964, fell from a high of Rs.101980 points to a low of Rs.100854 with a rise of 1418 points, a trend of around Rs.101954.

Meanwhile, The Asian markets too closed in the green, buoyed by renewed optimism over China’s economic recovery. Heavyweight banking stocks recorded strong gains, taking Nifty Bank index higher by 2% to cross 49,000-mark, its two week high. Shares of domestic metal companies gained on expectations of increased global demand after China recently unveiled stimulus plans to boost domestic spending.

The US Fed’s and Bank of Japan’s monetary policy meet begins today with both expected to hold the interest rates steady. The market will focus on Fed’s updated economic projections and commentary for clues on the path ahead. We expect the market recovery to continue in the near term on the back of positive global cues and value buying at lower levels. 

Technically, the important key resistances are placed in Nifty future are at 23008 levels, which could offer for the market on the higher side. Sustainability above this zone would signal opens the door for a directional up move with immediate resistances seen at 23088 – 23130 levels. Immediate support is placed at 22838 – 22770 levels.

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