Indian Stock Markets: Summary - 22 March 2017

Today (22 March 2017) most of the stocks moved in a range of definite resistance and support. From the last 4 trading days, Nifty is coming down after touching a lifetime high of 9213 on 17 March 2017. Nifty has a great support at 9000. Today NIFTY closed at 9030 (down 90 points). Tomorrow NIFTY may start rising again after taking support at 9000.

STOCK HIGHLIGHTS (22 March 2017)

• Century Enka: 410.50 (+13.92%) - The stock has given a breakout above 360 with good volumes. Because today it closed near its Day high, it can give 15-20% return tomorrow or in the next 7 trading days. If stocks starts falling due to market weakness 400 should be the stoploss.
  
• Advance Enzymes: 2126 (+6.40%) - This stock is in a very strong momentum because volumes are highest in the history of this stock. 2200 & 2350 are resistances but as the stock is in a strong momentum, it should easily cross it in the next one month and make new lifetime highs.
  
• Delta Corp: 177.50 (+4.8%) - The stock has resistance at 178 but it should cross it in next 7 days because volumes are very high. Next resistance is at 190. 
  
• HCL Tech: 872.75 (+1.57%) - Due to buyback announcement, the stock has given a good move today and broken the resistance at 870 and closed above that. The stock can move upto 920 in the next 7 trading days.
  
• BF Utility: 434 (+1.29%) - Due to restarting of its long pending bengaluru project, the stock is trading higher with very good volumes. Today it closed above the resistance of 428. In a short period it may touch 500.
  
• Eros Media: 247.5 (+6.56%) - Due to favorable announcements from its parent company, the stock is in a great momentum. Today it closed above its resistance of 238 with very high volumes.Now the next resistance is at 280.