Weekly Report: 28th March, 2026

Weekly Trend Report

Week Gone By

Indian equity benchmarks ended the week lower, reflecting swings in global cues and heightened Middle East tensions. Early losses were driven by concerns over energy supply disruptions, a weakening rupee, which touched a record low of 94/$, and a surge in market volatility, with the Nifty falling below 22,600. Midweek gains followed reports of potential U.S.-Iran negotiations and a temporary pause on strikes, boosting risk appetite and pushing the Nifty above 23,300. On the geopolitical front, sentiment remained fragile despite a temporary breather. GIFT Nifty rose over 3% after U.S. President Donald Trump announced a five-day pause on planned strikes targeting Iran’s energy infrastructure, citing “productive” talks and signaling short-term de-escalation. Global investors remained cautious amid limited diplomatic progress. Reports indicated indirect exchanges between Iranian Foreign Minister Abbas Araghchi and U.S. envoy Steve Witkoff, though Tehran denied recent direct contact.

Week Ahead

Indian equities enter the next trading week with sentiment largely shaped by evolving global macro signals and steady domestic undercurrents. In the US, the Federal Reserve maintained a cautious stance, signalling a data-dependent approach amid persistent inflation concerns, keeping global risk appetite measured. Back home, India’s high-frequency indicators pointed to stable growth momentum, with resilient services activity and continued strength in core sectors supporting the macro backdrop. Meanwhile, in China, authorities reiterated policy support for growth alongside efforts to stabilise the property sector, aiding broader Asian market sentiment despite lingering structural concerns. For the week ahead, crude trajectory and Iran ceasefire developments remain the dominant swing factors with stabilisation of the rupee being a prerequisite for any durable return of the FII cohort.

Technical Overview
  • The Nifty 50 index extended its severe capitulation phase this week, tumbling further to register new multi-month lows before finding a temporary, fragile respite. The index closed the week with heavy structural losses near 22,819.60.
  • On the weekly chart, the index formed another prominent Bearish Candle, confirming that institutional sellers retain absolute structural control. The consecutive large red candles illustrate a textbook transition into a primary markdown phase.
  • The daily chart highlights the ferocity of the sell-off, marked by steep runaway Gaps that remain conspicuously unfilled. However, the emergence of a small-bodied consolidation candle on the final trading session suggests that the immediate downward momentum is temporarily pausing as the market hits deeply oversold extremes.
  • The short-term moving average ribbons have expanded widely and are angled aggressively downwards. These dynamic moving averages will now serve as severe overhead resistance across all lower and intermediate timeframes.
  • The immediate critical support floor is resting at the recent panic lows of 22,700 – 22,600 A sustained breakdown below this fragile base will likely trigger fresh algorithmic selling and margin calls, opening a downside trapdoor toward the major psychological and structural support at 22,500.
  • The overhead supply zone is clustered around the recent breakdown gaps at 23,100 – 23,200.Only a high-volume daily close above this resistance block would begin to neutralize the terminal bearishness, potentially triggering a short-covering squeeze toward the 23,500 supply overhang.
  • On the intraday timeframes, the index is attempting to carve out a minor base consolidation block near the 22,800 territory. This tightly wound price action indicates an impending volatility expansion, likely resolving the immediate short-term direction.
  • The volume profile remains heavily skewed toward distribution. The downside legs on the weekly chart were accompanied by massive volume spikes, confirming intense institutional liquidation and the capitulation of remaining long portfolios. The slight stabilization at the end of the week occurred on relatively average volume, indicating an exhaustion of immediate selling pressure rather than the arrival of strong, high-conviction buying.
  • Conclusion:The Nifty 50 remains tightly in the grips of a ferocious structural downtrend. While extreme oversold conditions and the recent daily consolidation candle hint at the mathematical probability of a technical relief rally, the broader market texture remains strictly “Sell on Rise”. The unfilled downside gaps and descending moving averages have established formidable supply overhangs. A protracted period of base-building and supply absorption is technically required before any genuine trend reversal can be entertained.

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Weekly Report: 21st March, 2026

Weekly Trend Report

Week Gone By

The key equity indices witnessed marginal losses during the week amid weak global cues, persistent selling pressure and volatility in crude oil prices. Investor sentiment remained cautious due to escalating geopolitical tensions in the Middle East and concerns over the global growth outlook. The ongoing conflict in the region also overshadowed key domestic macroeconomic data, including trade deficit and wholesale inflation figures. Market participants also tracked policy signals from major central banks such as those of U.S, Switzerland, the UK, Japan and the Eurozone. The Nifty ended the week below the 23,150 mark.On the economic front, India’s merchandise trade deficit narrowed to $27.1 billion in February from $34.68 billion in January. 

Week Ahead

Dalal Street heads into the new week walking a tightrope, with investor sentiment remaining fragile amid escalating geopolitical tensions in the Middle East. Traders are increasingly cautious, reluctant to carry positions as uncertainty continues to cloud near-term visibility. The undertone is clear: this is not yet a full-fledged recovery, but a market caught between hope and hesitation. At the macro level, multiple headwinds persist. Continued foreign institutional investor (FII) selling remains a key drag on liquidity, while crude oil prices, though off recent highs, are still elevated enough to keep inflation concerns alive. Globally, developments in the Iran-US-Israel conflict and the movement of crude oil prices will remain the dominant drivers of market sentiment. On 24 March 2026, India will release HSBC flash PMI data for March, including Composite, Manufacturing and Services PMI, offering an early snapshot of business activity. On 23 March 2026, the United States will release the Chicago Fed National Activity Index for February, offering a broad gauge of economic activity and growth momentum.

Technical Overview
  • The Nifty 50 index has extended its corrective structure, continuing to trade under strong selling pressure after failing to sustain above the 24,200–24,000 supply zone. Price action clearly reflects a transition from consolidation to the active distribution phase.
  • On the weekly timeframe, the index has formed a decisive bearish continuation, breaking below multiple support levels and now closing near the 23,100–23,150 zone. The absence of strong lower wicks indicates lack of meaningful buying interest at lower levels.
  • The most important structural shift is the clean breakdown below 24,000 and 23,850 levels, which earlier acted as strong demand zones. This confirms that buyers have lost control, and supply dominance has increased significantly.
  • Price is now trading well below the 20-week and 50-week averages, and the gap between price and moving averages is widening, indicating strong downside momentum with no immediate mean reversion yet.
  • On the daily timeframe, the index shows a sharp impulsive down move followed by a weak pullback, forming a typical bearish continuation structure rather than a reversal.
  • The recent bounce from 22,700–22,800 demand zone lacks follow-through, suggesting that it is more of a relief rally rather than fresh accumulation. Sellers are still active on every rise.
  • Structurally, the market is now printing lower highs and lower lows, confirming a well-established short-term downtrend across lower timeframes.
  • Immediate support is placed at 22,700–22,800, and a breakdown below this zone can trigger further downside toward the 22,300–22,000 zone, which is the next major demand area.
  • On the upside, 23,800–24,000 now becomes a strong resistance zone, followed by 24,500–24,600, where heavy supply and moving averages are aligned.
  • Volume behaviour supports the bearish bias, as recent declines are accompanied by rising volumes, indicating institutional selling and long unwinding.
  • Conclusion:Overall, Nifty is in a clear bearish trend after multiple structural breakdowns, with price trading below key moving averages and important support zones. The market has shifted from a range-bound environment to a directional bearish phase. As long as the price remains below the 23,800–24,000 resistance level, the bias remains negative. Any bounce is likely to face selling pressure and act as a pullback within a downtrend. A decisive breakdown below 22,700 could accelerate the fall toward the 22,200 zone, while only a strong reclaim above 24,000–24,500 would signal any meaningful recovery.

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Weekly Report: 15th March, 2026

Weekly Trend Report

Week Gone By

Global markets remained volatile during the week as escalating geopolitical tensions in West Asia and sharp movements in crude oil prices weighed on investor sentiment. US equities traded mixed to lower amid weak labour market data and persistent inflation concerns, while oil prices surged above $100 per barrel on fears of supply disruptions through the Strait of Hormuz before moderating following the International Energy Agency’s reserve release. Asian markets mirrored the global risk-off sentiment. Domestically, Indian equity markets faced sharp selling pressure due to rising crude prices, persistent FII outflows and weakness in heavyweight financial stocks. The Nifty 50 slipped below the 24,000 mark and extended losses toward the end of the week, with metals, financials, PSU banks and auto stocks leading the decline, while defensive sectors such as FMCG and pharma showed relative resilience.

Week Ahead

Markets are likely to remain volatile in the week ahead as developments in West Asia and movements in crude oil prices continue to dominate global risk sentiment. Brent crude sustaining above the $100 mark is expected to remain a key overhang for global equities. For oil-importing economies like India, elevated energy prices could add pressure on inflation expectations and widen the current account deficit. This may also keep the rupee under pressure and foreign institutional flows cautious. Investor focus will also turn to the US Federal Reserve’s FOMC meeting on March 17–18, where markets will watch the policy decision and Chair Jerome Powell’s commentary for cues on the interest-rate trajectory. At the sector level, rising energy costs may create margin pressure for input-sensitive sectors such as aviation, paints, tyres and cement. In contrast, safe-haven assets like gold and silver could continue to attract flows, while defence and infrastructure may show relative resilience supported by strong order pipelines and government-led spending.

Technical Overview
  • The Nifty 50 index has experienced a phase of severe capitulation this week, plunging aggressively and surrendering months of structural gains. The index witnessed relentless institutional liquidation, resulting in a precipitous freefall to close near its absolute weekly lows at 23,151.10.
  • On the weekly chart, the index has printed a massive Bearish Marubozu-like candle with an extensive real body and practically no lower shadow. This dominant price action unequivocally dictates that panic has set in, and sellers maintained absolute control from the first tick of the week to the last.
  • The velocity of this sell-off is characterized by the effortless slicing through multiple critical macro-support foundations. The index violently violated the long-term structural demand zones at 24,850 and subsequently crashed right through the 23,870 level.
  • The daily chart reveals a series of Runaway Gaps to the downside. These unfilled downside gaps are classic hallmarks of an accelerated, high-momentum downtrend where supply drastically overwhelms demand.
  • The index is currently in a freefall seeking a floor. The next major psychological and historical support zone rests around the 22,800 – 23,000 levels. A failure to find a floor at the 23,000 psychological mark will likely trigger further margin calls, extending the panic slide toward the 22,000 – 22,200 structural bases.
  • The previously decimated support levels have now inverted into massive supply overhangs. Immediate severe resistance is stationed at 23,869 – 24,000. Any technical dead-cat bounce toward this zone is expected to encounter aggressive institutional selling. Only a high-volume close above 24,000 would begin to neutralize the immediate terminal bearishness.
  • The capitulation was accompanied by elevated volume profile bars on the daily and weekly down-legs. This confirms that the breakdown is backed by heavy institutional distribution and the forced liquidation of long positions.
  • The daily MACD indicator illustrates profound structural damage. The signal lines have nosedived vertically into negative territory, and the histogram continues to expand aggressively to the downside, confirming severe bearish momentum.
  • The daily RSI has crashed deep into oversold territory. While extremely oversold, it is imperative to note that in a momentum crash of this magnitude, the RSI can remain embedded in the oversold zone for extended periods.
  • Conclusion:The Nifty 50 has sustained catastrophic technical damage, transitioning into a full-blown capitulation phase. The sheer momentum of the decline, coupled with the violation of major trendlines and breakaway downside gaps, indicates a highly toxic market environment for long exposures. The market texture is strictly sell on rise, and attempting to catch a falling knife at current junctures carries extreme risk. The index must establish a multi-day consolidation base before any meaningful reversal can even be considered.

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Weekly Report: 07th March, 2026

Weekly Trend Report

Week Gone By

Indian equities ended the week sharply lower as escalating geopolitical tensions in West Asia and a spike in crude oil prices triggered a risk off sentiment across markets. Benchmarks declined in three of the four trading sessions, with the Nifty slipping below 24,500 and broader markets also witnessing notable declines, amid persistent FII outflows and a weakening rupee. The conflict involving the United States, Israel and Iran intensified following strikes on Iranian infrastructure and attacks on Saudi energy facilities, pushing Brent crude higher and raising concerns around global supply chains. While domestic activity indicators remained resilient, with manufacturing PMI rising to a four month high and the composite PMI strengthening, global macro signals remained mixed as China’s factory activity slipped into contraction and higher US producer inflation reinforced concerns around sticky price pressures.

Week Ahead

Indian equities head into the coming week under pressure after a sharp late week sell off, with elevated volatility driven by the spike in crude oil prices following disruptions at the Strait of Hormuz amid escalating US Iran tensions. Brent crude moving above $87 per barrel and the surge in India VIX signal heightened risk aversion, although strong external buffers such as forex reserves above $728 billion may provide some stability. Domestically, investors will monitor money supply data, February inflation and weekly forex reserves for cues on liquidity and price trends. Globally, attention will remain on key macro indicators including US inflation, GDP estimates, labour market data and housing activity, alongside crude inventory trends, while China’s inflation, trade balance and forex reserves data will offer signals on global demand conditions.  

Technical Overview
  • On the weekly timeframe, the index has printed another strong bearish candle with a relatively large real body, indicating that sellers maintained firm control throughout the week. The failure to hold above the previously established support near 25,000–25,050 confirms a structural breakdown of the earlier consolidation range.

  • The most critical development in the recent sell-off is the decisive breakdown below the long-term 200-day moving average, which had historically acted as a key dynamic support during prior pullbacks. The violation of this level signals a shift in medium-term market structure from bullish consolidation to corrective weakness.

  • Price action has also invalidated the earlier rectangular consolidation structure, where the index had been trading between roughly 25,700 and 25,050. The breakdown below the lower boundary of this range triggered accelerated selling pressure and momentum-driven liquidation.

  • On lower timeframes, the market structure has transitioned into a clear sequence of lower highs and lower lows, confirming the establishment of a short-term downtrend. Any minor rebound attempts have been sold into, indicating overhead supply and weak buyer participation.

  • The immediate support zone now lies around 24,200–24,350, which coincides with a previously tested demand area. A sustained breach below this level could expose the index to a deeper corrective extension toward the broader structural support near 23,800–24,000.

  • From a resistance perspective, the 25,000–25,100 region now acts as the first supply zone, followed by stronger resistance near 25,250–25,350, where the breakdown initially accelerated. Any recovery toward these zones is likely to encounter selling pressure from trapped long positions.

  • The structural breakdown has also been supported by expanding downside volume, particularly during the sharp declines seen in the recent sessions. Elevated participation during the fall suggests institutional distribution and liquidation of weak hands.

  • Momentum indicators further confirm the weakening structure. The daily RSI has slipped sharply into bearish territory, reflecting persistent downside momentum and absence of strong buying interest.

Conclusion:Overall, the Nifty 50 has undergone a decisive structural breakdown after failing to sustain above the 26,200 supply zone, resulting in a sharp corrective move toward the 24,300 demand region. The breach of the 200-day moving average and the prior consolidation support indicate that the market has shifted into a more fragile, distribution-driven phase. While the 24,200–24,350 zone may offer temporary stabilization, a decisive breakdown below this area could accelerate the correction toward 23,800–24,000. On the upside, any technical rebound is likely to run into strong supply near 25,000–25,250, keeping the broader bias tilted toward a cautious-to-bearish bias in the near term.

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Weekly Report: 28th February, 2026

Weekly Trend Report

Week Gone By

Indian equity markets ended the week sharply lower amid sustained FII outflows, a steep correction in IT stocks, and volatility linked to monthly F&O expiry, compounded by weak global cues and rising geopolitical tensions. For the week ended 27 February 2026, the Sensex fell 1.84% to 81,287 and the Nifty declined 1.53% to 25,179, while mid- and small-cap indices also slipped. Banking stocks were hit after fraud-related developments at IDFC First Bank and AU Small Finance Bank, adding to sentiment pressure. Macro data remained supportive, with India’s Q3 GDP growth at 7.8% and FY26 growth estimate revised to 7.6% under the new base year series, though global concerns persisted as U.S. Q4 growth slowed to 1.4% and geopolitical tensions escalated following Pakistan’s military action in Afghanistan and PM Modi’s Israel visit. Stock-specific action remained active, with gains in Schaeffler India and Aurobindo Pharma, while select midcaps saw sharp moves on order wins, fundraising plans, and management changes.

Week Ahead

Indian equity markets head into the week on a strong domestic footing, supported by robust Q3 FY26 GDP growth of 7.8% (above estimates) and easing inflation at 2.75%, alongside healthy PMI readings indicating broad-based expansion in manufacturing (57.5), services (58.4) and composite activity (59.3). Industrial production growth of 7.9% further reinforces momentum, keeping banking and auto sectors in focus amid steady credit growth and rural recovery, while export-oriented IT may remain cautious given global uncertainties. However, global cues remain mixed, with sticky U.S. core PCE at 3.0%, slowing Chinese manufacturing (NBS PMI at 49.3), and weak FDI trends highlighting fragile external demand. The week ahead will be data-heavy, including India’s PMI updates, IIP and forex reserves, China’s PMI readings and FDI data, and key U.S. releases such as ISM PMIs, Non-Farm Payrolls, retail sales, and unemployment rate, which could shape near-term market direction.

Technical Overview
  • The Nifty 50 index has suffered a violent structural breakdown this week, decisively resolving the recent narrow-range consolidation to the downside. The index capitulated to aggressive supply pressure, particularly in the final trading sessions, ending the week near its absolute lows at 25,181.80.
  • On the weekly chart, the index has printed a robust Bearish Candle with a massive real body and virtually no lower shadow. This aggressive price action dictates that sellers maintained relentless control throughout the entire week, forcing long liquidations without offering any meaningful intraday recovery.
  • The most critical technical casualty of this sell-off is the high-conviction breakdown below the long-term 200-day Moving Average. The failure to defend this sacrosanct trend-filter fundamentally shifts the positional bias from neutral to firmly bearish.
  • The index has violently violated the lower boundary of its prior rectangular consolidation block. Lower timeframes depict a classic “waterfall” decline, structurally turning all former demand zones into massive overhead supply overhangs.
  • The immediate critical support rests at the previous panic swing lows of 24,850 – 24,890. A capitulation below this zone opens the floodgates for a deeper, protracted correction toward the structural demand zones near 24,500.
  • The former support base has now flipped to formidable resistance at 25,350 – 25,450 encompassing the breached 200-DMA and the prior range bottom. Only a high-volume daily close back above this supply cluster would trap the late short-sellers and negate the immediate bearish implications of this breakdown.
  • The structural breakdown was validated by exceptionally high distribution volume on the daily chart, particularly during the gap-down and subsequent plunge in the final session. This significant volume spike confirms institutional offloading and the capitulation of weak hands.
  • The daily RSI has plunged precipitously from the neutral 50-mark deeply into bearish territory, currently printing with a steep downward trajectory. This violent deterioration confirms intense and unyielding bearish momentum.
  • The daily MACD histogram has expanded aggressively in negative territory. The signal lines have accelerated their downward divergence, confirming that the intermediate downtrend has gathered immense strength.

Conclusion:

  • The Nifty 50 has sustained a major technical fracture, aggressively breaking down from its tightening range. The sheer velocity of the fall, combined with the high-volume violation of the 200-day Moving Average, confirms a profound structural weakness. The market texture has drastically transitioned from a “range-bound squeeze” to a definitive “Sell on Rise” environment. Any technical pullbacks or dead-cat bounces are highly likely to be met with severe institutional selling pressure at the newly established resistance levels.

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Weekly Report: 22nd Feb, 2026

Weekly Trend Report

Week Gone By

Indian equity benchmarks closed the week with moderate gains, as the Sensex and the Nifty advanced in four of the five trading sessions. Market sentiment stayed positive, supported by investor optimism around the AI summit held in India, which helped offset concerns over weak economic data and mixed global cues. During the week, investors closely tracked key economic data releases from the UK, the US, and India, as these indicators are expected to shape the market’s growth outlook in the coming sessions. India’s wholesale price index (WPI) inflation rose to 1.81% in January 2026 from 0.83% in December 2025. The HSBC India Manufacturing PMI improved to 57.5 in February 2026 from 55.4 in January. On the global front, the US trade deficit widened to $70.3 billion in December from a revised $53.0 billion in November, while Japan’s economy expanded by a modest 0.1% on an annualized basis in the December quarter.

Week Ahead

Indian equities enter the coming week on a mixed, volatile note, following sharp swings in recent sessions. Sectoral divergence has continued to widen, with banking and capital goods stocks providing support, while IT stocks remained under pressure, reflecting ongoing rotation within the market. Amid elevated volatility and mixed global cues, investor preference may stay tilted toward large-cap stocks and themes with clear earnings visibility. Market participants are also likely to closely monitor currency movements and global risk sentiment for a clearer direction. On the domestic front, India’s GDP growth data for the quarter ended December is scheduled to be released on Friday, 27 February 2026. The government’s budget value for the period ending January 2026 will also be announced. Globally, China is set to release its one-year and five-year loan prime rates on Tuesday, 24 February 2026, alongside the US Employment Change Weekly data. Further, the US initial jobless claims data for the week ended February 21 will be released on Thursday, 26 February 2026.

Technical Overview
  • The Nifty 50 index has witnessed a week of consolidation with a negative bias, failing to sustain higher levels and consistently surrendering intraday gains. The index faced persistent supply pressure to close near the week’s lows at 25,572.
  • On the weekly chart, the index has formed a bearish candle with a prominent upper shadow and virtually no lower wick. This specific price action is a strong indication of overhead supply; it shows that while the bulls attempted a recovery rally early in the week, they were overwhelmed by aggressive institutional selling at higher levels.
  • The daily chart reveals a classic compression phase. The index is trapped between the 200-day Moving Average and the 50-day Moving Average. The long upper wick on the weekly candle confirms a sharp and deliberate rejection exactly from this 50-DMA supply zone.
  • On the lower timeframes, the market structure outlines a sideways consolidation block. However, the repeated rejections from the upper boundary near 25,750 reinforce a “Sell on Rise” texture within this tight range.
  • The immediate support base is clustered around 25,300 – 25,450. A sustained breakdown below the 200-DMA would violate the consolidation range downwards, confirming a structural weakness that exposes the recent panic lows near 24,850.
  • The formidable overhead hurdle is the 50-DMA supply zone at 25,740 – 25,750. A high-volume close above this dynamic resistance will negate the bearish implications of this week’s upper shadow, signaling a bullish breakout with an initial target of 26,050.
  • Volume remained relatively muted during the upward attempts but showed subtle upticks on the rejection days, hinting at distribution near the resistance levels.
  • The daily RSI is hovering in the neutral-to-bearish zone, currently printing near 45-48, unable to decisively cross and sustain above the 50-mark. This reflects a lack of bullish momentum and the dominance of the overhead sellers.
  • The daily MACD remains in negative territory. While the selling momentum had paused, the histogram shows no signs of bullish expansion, indicating the trend remains vulnerable.
  • Conclusion:The Nifty 50 is caught in a tight technical squeeze, but the weekly candle structure clearly tilts the short-term bias in favor of the bears. The prominent upper shadow, coupled with the lack of a lower wick, signifies that overhead supply at the 50-DMA (25,750) is formidable and aggressive. Until this resistance is conquered on a closing basis, the index remains vulnerable to testing the lower bounds of its consolidation range. The market is awaiting a decisive breakout from the 25,300 – 25,750 band to establish its next primary trend.

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Weekly Report: 16th Feb 2026

Weekly Trend Report

Week Gone By

Indian equity benchmarks ended the week lower, weighed down by heavy selling in IT stocks and fading hopes of near-term US rate cuts after stronger-than-expected US jobs data. Markets had begun the week on a firm footing, supported by FII inflows, optimism around the India–US trade agreement and positive Asian cues, but sentiment turned cautious mid-week ahead of key global triggers. On the economic front, India’s retail inflation stood at 2.75% in January 2026 under the new Consumer Price Index (CPI) series with base year 2024=100.  Meanwhile, the central government’s net direct tax collections, after accounting for refunds, stood at Rs 19.43 lakh crore so far this fiscal year, up 9.4% from a year earlier. On the Global front, The China’s consumer price index rose 0.2% in January from a year earlier. In U.S, December retail sales report showed that consumer spending was flat following a 0.6% increase in November, missing the 0.4% monthly gain that was widely expected.

Week Ahead

Indian equities head into the next trading week under marked pressure and elevated volatility after a sharp late-week sell-off. Domestic benchmarks ended the week on a significantly weaker note, with the Nifty dipping below 25,500 and the Sensex dropping over 1,000 pts amid broad-based weakness, including tech and cyclical stocks. Globally, markets retreated from record highs as concerns around tech earnings and cautious positioning ahead of U.S. inflation data weighed on sentiment. With macro headwinds and policy uncertainties lingering, large-caps and defensive sectors could remain in foucs as investors continue to monitor global inflation cues and earnings signals for directional clarity. In India, Wholesales Price Index data for the month of January would be released on Monday. The Balance of Trade data for January 2026 would also be announced on the same day. In the US, the ADP Employment Change Weekly figures would be announced on Tuesday. On Thursday, the FOMC Minutes from the latest US Federal Reserve Meeting would be made public.

Technical Overview
  • On the weekly timeframe, Nifty continues to trade above its 20-week and 50-week moving averages, confirming that the primary trend remains positive despite recent volatility.
  • The 10–20 MA cloud on the weekly chart is still upward sloping, and price is holding near it, indicating structural strength within a broader consolidation phase. The 200-week moving average remains far below current levels, reinforcing long-term bullish bias.
  • However, the index has repeatedly failed to break out of the 26,200–26,250 resistance zone, highlighting persistent supply and profit-booking at higher levels that have capped upside momentum.
  • On the daily chart, Nifty has seen a sharp corrective move from the upper resistance band and is currently hovering near the 25,450–25,500 support zone, which aligns with prior breakout levels and short-term demand.
  • This zone is acting as a make-or-break support. Candles in this area show long lower wicks and smaller real bodies, suggesting that buying interest is emerging on declines rather than aggressive selling.
  • From an indicator perspective, RSI on the daily chart has cooled towards the 40–45 zone, reflecting weak momentum but not an oversold condition, suggesting scope for either consolidation or a technical bounce.
  • MACD remains in negative territory but is flattening, indicating that selling pressure is slowing and downside momentum is not accelerating further.
  • ADX remains subdued, confirming that the market is currently in a non-trending, consolidation-to-corrective phase rather than a strong directional move.

Conclusion:                                                                           

  • Overall, Nifty is undergoing a short-term corrective consolidation within a broader uptrend. As long as the index holds above the 25,450–25,500 support zone, the larger structure remains intact with scope for stabilization and recovery. A decisive breakout above 25,900–26,000 with volume is required to resume upside momentum, while a sustained breakdown below 25,300–25,200 could open the door for a deeper corrective move towards the 25,000 demand zone.

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Weekly Report: 1st Feb 2026

Weekly Trend Report

Week Gone By

Indian stock market was shut on Monday, 26 January 2026, for Republic Day. Benchmark equity indices closed with modest gains on Tuesday. The S&P BSE Sensex jumped 319.78 points or 0.39% to 81,857.48. The Nifty 50 index added 126.75 points or 0.51% to 25,175.40. The domestic equities ended higher on Wednesday. The S&P BSE Sensex advanced 487.20 points, or 0.60%, to 82,344.68, while the Nifty 50 gained 167.35 points, or 0.66%, to settle at 25,342.75. The key equity benchmarks ended with modest gains on Thursday. The S&P BSE Sensex jumped 221.69 points or 0.27% to 82,566.37. The Nifty 50 index added 76.15 points or 0.30% to 25,418.90. The key equity benchmarks ended with modest cuts on Friday. The barometer index, the S&P BSE Sensex declined 296.59 points or 0.36% to 82,269.78. The Nifty 50 index lost 98.25 points or 0.39% to 25,320.65. India and the European Union on January 27, 2026, concluded a landmark Free Trade Agreement at the 16th India-EU Summit, marking a major milestone in bilateral economic ties between the world’s 4th and 2nd largest economies, togetheraccounting for about 25% of global GDP.

Week Ahead

With the Union Budget now imminent, investors should monitor policy cues, crude price volatility and FII activity, favouring quality large-caps and export-linked sectors while navigating short-term risk-off phases. In India, the India Union Budget for 2026-27 would be announced on Sunday (01 February 2026). On Monday (02 February 2026), the HSBC Manufacturing PMI Final for January 2026 would be released. The HSBC India Manufacturing PMI rose to 56.8 in January 2026 from 55.0 in December,
marking the strongest improvement in operating conditions in three months, according to preliminary estimates. On Friday (06 February 2026), the RBI would be announce its interest rate decision through the release of the latest monetary policy.

Technical Overview
  • On the weekly timeframe, Nifty continues to trade above its 20-week and 50-week moving averages, confirming that the broader trend remains positive.
  • The 10–20 MA cloud on the weekly chart is upward sloping and price is holding above it, which indicates structural strength despite recent consolidation. The long-term 200-week moving average remains far below current levels, reinforcing the primary bullish trend However, the index is facing supply near the 25,350–25,400 zone, where repeated rejections are visible, indicating a strong overhead resistance area.
  • On the daily chart, Nifty has recently corrected from higher levels and is currently hovering near the 25,200–25,300 support zone, which aligns with the 10–20 MA cloud and the 50-day moving average.
  • On the daily chart, Nifty has recently corrected from higher levels and is currently hovering near the 25,200–25,300 support zone, which aligns with the 10–20 MA cloud and the 50-day moving average.
  • This zone is acting as immediate support and is critical to maintain short-term stability. A sustained hold above this area keeps the short term bias neutral to mildly positive. The next lower support is placed near 24,950–25,000, which coincides with a broader demand zone and the rising 200-day moving average, making it an important medium-term support.
  •  From an indicator perspective, RSI on the daily chart is hovering near the mid-range, reflecting indecision and lack of strong momentum.
  •  MACD is marginally negative and below the signal line, suggesting short-term weakness, though not a strong bearish trend.
  • ADX remains low, confirming that the current phase is more of consolidation rather than a directional move.
  •  Conclusion:
    Overall, Nifty remains in a broader uptrend on the weekly timeframe, but the daily structure indicates consolidation within adefined range. As long as the index holds above the 25,200–25,000 support zone, the larger trend remains intact. A fresh directional move is likely only on a decisive breakout above 25,400–25,750 with volume, while a breakdown below 25,000 may lead to a deeper corrective phase toward the next demand zone.

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Weekly Report: 25th Jan 2026

Weekly Trend Report

Week Gone By

Indian equity markets witnessed a sharp sell off during the week, dragged down by profit booking, heightened geopolitical tensions, a weak rupee and mixed Q3 earnings, with the Nifty slipping below 25,100 and broader markets underperforming. Sentiment remained firmly risk off as the rupee hit a fresh record low of 91.99 against the US dollar, while earnings pressure from the implementation of the new labour code further weighed on heavyweight stocks across IT, banking and energy. Globally,
markets grappled with slowing growth signals, as softer inflation in Japan, weaker GDP prints in South Korea, and decelerating growth in China reinforced concerns around global demand, even as Eurozone inflation moved closer to target. Despite supportive medium term outlook cues such as the IMF upgrading India’s FY26 growth forecast, near term volatility dominated market action through the week.

Week Ahead

Indian equities head into the late January week amid elevated volatility, with sentiment shaped by persistent FII outflows, a weak rupee and mixed global cues, even as bouts of value buying and select defensive pockets offer limited support. Domestically, focus will be on December industrial production, fiscal deficit trends and weekly forex reserves data, especially with the Union Budget approaching and rate expectations in play. Globally, investors will track US macro signals including the Fed’s policy
decision, labour market data, trade balance and producer inflation, alongside crude inventory trends, while China’s industrial profits data will offer cues on demand conditions. Overall, markets are likely to remain sensitive to global risk sentiment and macro developments, keeping volatility elevated in the near term.

Technical Overview
  •  The Nifty 50 index remains firmly in a short-term downtrend, characterized by a persistent sequence of lower highs and lower lows on the daily timeframe. The index has failed to arrest the selling momentum, closing the week with a negative bias.
  • On the weekly chart, the candle formation is Bearish. Contrary to a reversal signal, the substantial real body of the red candleindicates
  • that sellers remained dominant throughout the week, selling into every intraday recovery attempt. The close near the lower quartile of the week’s range confirms that the bears are still in control.
  • The selling legs are accompanied by steady volume, while the recovery attempts lack significant participation. This volume divergence reinforces the validity of the downtrend.
  •  The index has broken the 200-day moving average. While there was a minor bounce from this level, the inability to produce a strong bullish close suggests this long-term support is under severe threat. A decisive close below this average would be a major breakdown signal.
  • The immediate critical support is at 24,800 -24,850. A sustained breakdown below this level confirms the violation of the 200-DMA, potentially accelerating the slide towards the next major demand zone at 24,500.
  • The market texture is sell on rise. Every bounce is being met with fresh supply, creating a waterfall effect on the daily chart. The breakdown of the previous swing support at 25,500 has now converted that zone into a formidable resistance ceiling. Only a decisive close above this supply zone would negate the bearish thesis and signal a potential pause in the current downtrend.
  •  The daily RSI remains in the bearish territory and is trending downwards. It has not yet shown a decisive bullish divergence or a hook that would suggest a bottom is in place, implying that momentum remains with the sellers
  •  The daily MACD is in a confirmed sell mode, with the signal lines expanding downwards below the zero line. The histogram shows consistent selling pressure without any immediate signs of exhaustion or convergence.
  •  Conclusion:TheNifty 50 is in a corrective downtrend, with the weekly chart displaying a bearish continuation structure rather than a reversal. The index is precariously perched at the 200-day moving average, the last line of defense for the long-term bulls. The failure to form a convincing reversal candle suggests that the path of least resistance remains to the downside. The strategy remains sell on rise unless the index can reclaim the breakdown zone of 25,500. 

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Weekly Report: 19th Jan 2026

Weekly Trend Report

Week Gone By

The Indian equity market ended the week sideways, reflecting a mix of corporate earnings, economic data, and political developments. Early trends from the Maharashtra municipal elections favoring the BJP-Shiv Sena alliance provided a boost to investor sentiment. However, ongoing geopolitical tensions, FII outflows, US-Iran conflicts, and uncertainties around the India-US trade deal kept the market range-bound, resulting in a week of cautious consolidation. In the week ended on Friday, 16 January 2025, the S&P BSE Sensex shed 5.89 points or 0.01% to settle at 83,570.35. The Nifty 50 index rose 0.04 points or 11.05% to settle at 25,694.35. The BSE Mid-Cap index rose 0.15% to close at 46,186.05. The BSE Small-Cap declined 0.45% to end at 49,701.91. India’s consumer inflation rose to 1.33% in December, accelerating from 0.71% in the prior month. The rise in consumer inflation was mainly driven by food prices, while fuel and light inflation rate eased in December.

Week Ahead

Indian equities face a mixed start to the week of 17 – 23 Jan 2026, with recent macro cues underlining a cautious tone. Persistent foreign institutional selling emerged as a drag, offsetting domestic investor support and keeping valuations under pressure as volatility persisted. Investors would continue to track the slew of data release scheduled for released next week. The focus would also remain on corporate announcements as the latest earnings season enters its next leg in the coming week. In India, the M3 Money Supply figures for the week ended on January 09 would be made public on Wednesday (21 January 2026). The Money Supply M3 in India increased to 322144.23 INR Billion in the week ending December 31 from 246833.33 INR Billion two weeks before. In China, the GDP Growth Rate for the fourth quarter would be announced on Monday (19 January 2026). In the United States, the API Crude Oil Stock Change for the week ended on January 16 would be unveiled on Wednesday (21 January 2026) .

Technical Overview
  • The Nifty has witnessed a sharp corrective move from the 26,250–26,300 resistance zone, forming a sequence of lower highs on the intraday charts, indicating short-term supply dominance and profit booking at higher levels.
  • Price has retraced back into the 25,650–25,750 demand/supply zone, which earlier served as a strong breakout base, suggesting the market is now testing the strength of buyers.
  • On the daily timeframe, the index has slipped below the short-term EMA cloud and briefly undercut the 50-DMA, highlighting a loss of momentum and a shift into consolidation-to-weak structure.
  • However, price is still holding well above the rising 200-DMA, keeping the broader trend intact and preventing any major trend breakdown at this stage.
  • Candles near support are showing smaller real bodies and long lower wicks, reflecting buying interest emerging on declines rather than aggressive distribution.
  • Intraday structure shows range compression between 25,650–25,900, indicating equilibrium between buyers and sellers.
  • A sustained hold above the 25,650–25,700 base can lead to a technical pullback bounce toward 25,950–26,100, while a decisive breakdown below 25,500 would expose the index toward the 25,300–25,400 demand pocket.
  • Momentum indicators have cooled, with MACD in mild negative territory but flattening, suggesting selling pressure is slowing rather than accelerating.
  • Volumes during the decline were elevated initially but have started to normalize near support, indicating that panic selling is reducing and the market is attempting to stabilize.
  • Conclusion:   The overall structure remains short-term corrective within a larger uptrend. As long as Nifty holds above the 25,600–25,650 support  zone, the bias remains range-bound to mildly positive with scope for a recovery move. A sustained breakout above 26,100–26,300 will be required to re-ignite upside momentum and resume the primary uptrend. Until then, expect volatile consolidation with stock-specific opportunities rather than broad trending moves.

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