The market opened in the red on March 16, 2020. The previous trading session witnessed the Sensex going up by 1,325.34 points to end at 34,103.48 and the Nifty was up by 365.05 points to close at 9,955.20.

The market opened in the red on March 16, 2020. The previous trading session witnessed the Sensex going up by 1,325.34 points to end at 34,103.48 and the Nifty was up by 365.05 points to close at 9,955.20.

For the day, the level of 9,500 is a crucial support level followed by 9,000-mark. On the upside, the range of 10,150-10,350 is a major hurdle for the index. Stocks in news: Inox Leisure, Maruti Suzuki India, RITES, PVR, Bandhan Bank, Infosys, Ind-Swift Laboratories, Wonderla Holidays, IDFC Bank, Indiabulls Housing Finance.

After this mammoth jump by the bulls, the bull camp would have been visualising the start of bright and prosperous days on D-Street but SGX Nifty is trading deep in red with cuts of almost four per cent at 9,584 levels. So, the markets participants are in for a wild ride on Monday.

The index has formed a piercing line candlestick pattern on the daily time frame. The piercing line candlestick pattern is considered to be a bullish reversal pattern and usually occurs at the bottom of a downtrend.

New Fund Offers (NFOs) that are open for subscription.

Contrary to the normal belief that falling crude oil prices is good for the Indian stock market, we see that it has a positive relation with Sensex.

Sun Pharmaceutical Industries Limited has announced that the company is set to organise a meeting next week to consider and approve buyback proposal of fully paid-up equity shares of the company.

The stock of Pidilite Industries Limited formed a bearish engulfing candlestick pattern on the weekly time frame. The bearish engulfing candlestick pattern is considered to be a bearish reversal pattern and usually, occurs at the top of an uptrend.

The stock of Bajaj Finserv Limited has recently given a breakdown of broadening formation, right-angled and ascending pattern. Thereafter, the stock has witnessed almost 2,295 points or 26 per cent downward move in seven trading sessions, which was beyond its broadening formation pattern target.