Stock Market Prediction For Tomorrow 18-Mar

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Indian Stock Market slumps today and closed in red with around 1.15% down due to cues from European peers and had already factored in 25 bps hike in interest rates by the Reserve Bank of India.

Looking at daily Nifty Charts and reports at present the narrow range body formation reflects indecisiveness prevailing at current levels. Hence, if indices trade above 18,185 / 5,460 levels then they are likely to test 18,330-18,410 / 5,495-5,530. On the downside, 18,010 - 17,924 / 5,412 - 5,375 are the crucial support levels for the indices. Any breach of below this levels would intensify the selling pressure.

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