Weekly Trend Report
- 30/04/2022
- April 30, 2022
Week Gone By
- In the week ended on Friday, 29 April 2022, the Sensex fell 136.28 points or 0.24% to settle at 57,060.87. The Nifty 50 index slipped 69.40 points or 0.40% to settle at 17,102.55.
- The BSE Mid-Cap index shed 280.33 or 1.14% to settle at 24,418.04.
- The BSE Small-Cap index lost 636.06 points or 2.17% to settle at 28,611.92.
Week Ahead
- Volatility is likely to remain high amid the ongoing Russia-Ukraine crisis.
- Trend in global stock markets, the movement of rupee against the dollar and crude oil pieces will dictate trend on the bourse s in the near term.
- Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be monitored.
Technical Overview
Index opened the week with gap down and remained volatile throughout the week ending the week near the opening price. Index has ended the week below 20WEMA and has formed inside bar which indicates indecisive price action and squeeze in volatility. Going ahead sustenance below 16900 shall call for further decline towards 16600-16200. While on the higher side resistance is present at 17350-17570- 17880
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