Evening Walk Down Dalal Street on March 14, 2019

A day of consolidation for Indian markets but no love lost for the bulls as benchmark indices closed above crucial support levels. The Nifty50 registered a higher intraday low of 11,314 compared to Wednesday’s low of 11,276 which suggests that bulls remained in charge.

The index has already rallied by over 500 points so far in March and some breather or consolidation cannot be ruled out at least in the near term but the larger trend still remains to be on the upside.

Both Sensex and Nifty closed off day’s high but still managed to close in green compared to their respective previous day’s closing level. The NiftyBank hit yet another record high.