What happened at the Indian share market today?

Nifty50 ended in red, fell 0.4% to close at 10114.75.  The US Fed as expected rose interest rates on Wednesday and forecasted the GDP growth of USA from 2.5% to 2.7% for the period 2018-2019. Even though market opened higher in opening trade it lost its strength during rest of the day. The overall global market reacted negatively to the rise of interest rates from 1.5% to 1.75% by US Fed.  Almost all sectoral indices ended up in negative but metal index turned to be flat.

Top trading ideas for tomorrow 23 March

JUBLFOOD strengthen by 3.06% and to close at Rs.2275. Also, it reported significant percent on the weekly basis. Trading volume hiked by 355 percent. It suggests for a bullish breakout. This stock is currently settled above the recent resistance zone. We see short-term support around 1966.

VEDL advanced by 2.12% and to close at Rs.291.8. It did rise in the last trading session but fell by a significant margin on a weekly basis. It is one of the top traded stocks. It is trading below its recent support zone. The Near-term resistance is seen around 341.

ICICIBANK volume spiked by 45 percent on 22 March 2018. Noticeably 62% of the trades gone for delivery. It is heading for It is frequently grinding lowered levels for 5 days. It is trading below its recent support zone. The Near-term resistance is seen around 324.

TITAN climbed by 1.75% and finished at Rs. 887.55. Trading volume inflated by 75 percent at last trading day. It is likely to witness bullish trend formation. This stock is currently settled above the recent resistance zone. We see short-term support around 802.

CUMMINSIND volume rose by 86 percent. Furthermore, 72% of the trades are taken for delivery. It Indicates bearish breakout. It is continuously breaking low for 5 days. It is trading below its recent support zone. The Near-term resistance is seen around 839.

HINDPETRO declined by 2.96% and settled at Rs.342.85. It is heading for Derivative traders were aggressive in adding short positions. Open interest gained by 2.43 %. It is trading below its recent support zone. The Near-term resistance is seen around 391.

BPCL dipped by 3.7% and finished at Rs. 414.7. Meanwhile, it recorded significant decline on the weekly basis. It witnessed Bearish Engulfing pattern on daily chart. It is trading below its recent support zone. The Near-term resistance is seen around 463.

DISHTV climbed by 1.89% and finished at Rs. 67.25. It did rise in the last trading session but fell by a significant margin on a weekly basis. Currently, it is trading around the lower range of its price band. The crucial support zone is around 64.

SAIL advanced by 2.15% and finished at Rs. 73.7. Derivative traders were aggressive in exiting short positions. Open interest reduced by 2.92 %. Currently, it is trading around the lower range of its price band. The crucial support zone is around 68.

HEROMOTOCO volume hiked by 62 percent at last session. Surprisingly 68% of the trades gone for delivery. It gives an impression of a bearish breakout. It is trading below its recent support zone. The Near-term resistance is seen around 3698.