
Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 20 after US Fed policy
Live MintThe Indian stock market benchmark indices, Sensex and Nifty 50, are likely to extend gains on Thursday and open higher, tracking positive global market cues after the US Federal Reserve announced its monetary policy. Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta Investment Interrmediates Ltd. highlighted that the Nifty 50 found support around 22,800 and formed a small green candle on daily scale, indicating strength. A note by Bajaj Broking Research said that on the daily chart, Nifty 50 has formed a small bull candle with shadows in either direction signaling consolidation with positive bias after Tuesday’s strong up move. Meanwhile, Bajaj Broking Research expects the Bank Nifty index to maintain positive bias and head towards 50,100 and 50,600 levels in the coming sessions.
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