Nifty has opened on a flat note and 9220 will act as a near resistance. Although market is in a strong bull run,for intraday trader only short selling is advisable. Traders with long position with short term view should book profit and wait for a dip to happen. Long term trader should continue their position. Support for nifty is placed at 9120. Stocks in news: Indiabulls Real Estate : To issue debentures via private placement method for a tenor of 13 months on March 22, 2017. NTPC : State-run power producer NTPC said it has commissioned the second unit of 660MW of Mouda Super Thermal Power Station Stage- II. Idea : Board members had approved merger with vodaphone. Welspun India : Home textile player, Welspun India has started its Rs 150 crore Needle Entangled Advance Textile Plant for its technical textiles business at Anjar in Kutch. IT stocks : Key IT stocks will in focus after media reports suggested that Cognizant may cut at least 6,000 jobs, which repre...
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