Pre-Market Update - March 10th
Nifty / Bank Nifty, Stocks In News

Nifty 1 Hr Timeframe Analysis

Nifty closed at 17589.60 (-0.93%). As described in the 9th march blog, Nifty rejected from gapped down resistance yesterday and then a sharp fall was spotted.

The unfilled gap on the downside also worked as support. There is a minor support level presence at the current level of 17582 zone for bounce back.

Bank Nifty 1 Hr Timeframe Analysis

 Bank Nifty closed at 41256.75(-0.77%). bank Nifty was rejected from the supply zone as mentioned in yesterday's blog and then a fall to 41227 level was spotted. 

There is a support presence at the 41202 level followed by 40679 on the downside.

Stocks in News

• Muthoot Finance extends its NPS offering to its domestic and NRI customers through iMuthoot Application
  
• IndiGo appoints Mark Sutch for CarGo International as Chief Commercial Officer
  
• HFCL collaborates with Microsoft to roll out Private 5G solutions for Enterprises
• Greatship takes delivery of one Anchor Handling Tug cum Supply Vessel
  
  
  

Sector Heat Map 

Heatmap from Trendlyne website

Analysis by
Dixit from MT Team
Equity Research Analyst (Technical & Fundamental). Experienced Index Analyst.