12th March:Nifty weekly & Sector in Focus for the week

Nifty view for the week:12th March

Nifty Weekly report

Sustenance above 5400 should now be interpreted as a sign of strength. The level of 5220 would now serve as a support if the bias remains bullish.

Sector in Focus: BSE Healthcare Index

Sector report

A steady movement is observed in BSE Healthcare Index despite the fall in BSE Sensex from last 3 weeks. Any upward movement in Sensex is expected to trigger a sharp up-move in BSE HC Index and hence stocks like Divis Lab, Dr. Reddy and Glaxo Smithkline are good investment bets in the current scenario.

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