NIFTY fails to hold the winning streak as Bears aren’t ready to give up. The 50-share NSE index NIFTY fell 0.27% to settle at 10554.30 on Tuesday.  The benchmark index NIFTY snapped a two-day winning streak as PSU banking stocks suffered heavy losses once again after reports suggested that the amount of fraud at Punjab National Bank could be Rs 1,300 crore more than the current estimate of about Rs 11,400 crore. Now investors will look on to the release of key macro numbers such as GDP growth numbers for December quarter as well as fiscal deficit and manufacturing data due on Wednesday.

Looking overseas, European markets trading mixed in line with Asian markets which finished mixed on Tuesday. The Global investors were cautious ahead to the Congressional testimony later in the day by the new Federal Reserve Chairman Jerome Powell for further insights into the central bank’s view on inflation and interest rates.

NINE out of eleven sector gauges compiled by the NSE ended lower led by NIFTY PSU BANK, NIFTY REALTY, NIFTY BANK, NIFTY FIN SERVICE and NIFTY MEDIA as top losers. On the other side, NIFTY FMCG and NIFTY IT are the only gainers.

From the NIFTY 50 basket of shares, AMBUJACEM, SBIN, AXISBANK, SUNPHARMA, COALINDIA, and ZEEL underperformed as top losers while BHARTIARTL, DRREDDY, RELIANCE, HEROMOTOCO, and NTPC are top gainers.

Perfect list of shares to trade today 28 Feb for NSE

BPCL: This stock plunged by 1.40% and ended at Rs.426.95 on Tuesday. This stock trading volume spiked by 42% to 65% of the trades is deliverable volume. This stock is trading below its recent support zone and the near term resistance is around Rs.494.

UNIONBANK: This stock plunged by 4.23% and finished at Rs. 103.05 on Tuesday. This stock is listed in top traded counters but a majority of trades are settled intraday. This stock is trading below its recent support zone and the near term resistance is around Rs.138.

PNB: This stock plunged by 12.19% and finished at Rs.98.35 on Tuesday. The firmness of the sellers is acknowledged by the unfilled gap on the daily chart on the back of 2 times the inflated trading volume. This stock is trading below its recent support zone as it recorded a considerable fall on the weekly basis and the near term resistance is around Rs.176.

IDBI: This stock plunged by 6.9% and ended at Rs.73.50 at the last trading session. This stock trading volume 1.5 times with the majority of intraday trades. This stock is currently oscillating nearer to its resistance zone of Rs.76.

CANBK: This stock plunged by 4.61% and finished at Rs.295.6 on Tuesday. This stock trading volume spiked by 45% with a majority of intraday trades. This stock is trading below its recent support zone and the near term resistance is around Rs.350.

BANKINDIA: This stock plunged by 6.92% and finished at Rs.118.45 on Tuesday. This stock trading volume spiked by 60% with a majority of intraday trades. This stock is trading below its recent support zone and the near term resistance is around Rs.163.