Daily Markets Wrap - March 6, 2023 - HDFC Securities

Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Nifty closed higher for the second consecutive day on Mar 06, though far from the intra day high. Positive Asian cues helped. At close, Nifty was up 0.67% or 117.1 points at 17711.5. Broad market indices gained more than the Nifty even as the advance decline ratio ended at 1.75:1.

Global stock markets were steady on Monday as investors assessed the impact of China's decision to set the lowest economic growth target in decades for 2023.

Nifty faced resistance from the downgap made on Feb 22 and corrected intra day, though ending in the positive. It also rose with an upgap, giving bullish indications. Nifty needs to break the 17600-17800 band for cues on future direction.

Source : Equity Bulls

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DailyMarketsWrap Nifty Sensex HDFCSecurities