StoxBox
Login

Archives: StockReport

Weekly Report: 14th April 22

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

To view the detailed report click on the Download Report link below

Weekly Report: 23rd April 22

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

To view the detailed report click on the Download Report link below

Weekly Report: 30th April 22

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

To view the detailed report click on the Download Report link below

Weekly Report: 7th May 22

Weekly Trend Report

  • 07/05/2022
  • May 7, 2022
Week Gone By
  • In the week ended on Friday, 6 May 2022, the Sensex lost 2,225.29.28 points or 3.9% to settle at 54,835.58. The Nifty 50 index dropped 691.30 points or 4.04% to settle at 16,411.25.
  • The BSE Mid-Cap index lost 1280.43 or 5.28% to settle at 23,129.61.
  • The BSE Small-Cap decline 1519.51 points or 5.31% to settle at 27,092.41.
Week Ahead
  • On the macro front, the Industrial Production and Manufacturing Production data for March will be released on 12 May 2022.
  • 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 under pressure throughout the week closing the week with 4% loss. Index has broken intermediate support which is bearish sign for short term trend. Going forward index has an key support at 16230, failure to defend this support will open the way for 15900-15700. While on the higher side resistance is placed at 16600-16900-17180.

To view the detailed report click on the Download Report link below

Weekly Report: 14th May 22

Weekly Trend Report

  • 14/05/2022
  • May 14, 2022
Week Gone By
  • In the week ended on Friday, 13 May 2022, the Sensex slumped 2,041.96 points or 3.72% to settle at 52,793.62. The Nifty 50 index fell 629.10 points or 3.83% to settle at 15,782.15.
  • The Broader market collapsed. The BSE Mid-Cap index fell 1313.95 or 5.68% to settle at 21,815.66.
  • The BSE Small-Cap index fell 1776.66 points or 6.56% to settle at 25,315.75.
Week Ahead
  • India’s inflation based on wholesale price index (WPI) for April will be unveiled on Tuesday, 17 May 2022.
  • The annual wholesale price inflation rate in India rose to a four-month high of 14.55% in March 2022 from 13.11% a month earlier.
  • Overseas, China’s industrial production for April will release on Monday, 16 May 2022. China’s industrial production grew by 5% YoY in March 2022
Technical Overview
Index opened the week with gap down and remained under pressure for most of the sessions, ending the week near weekly low below 15800 levels. Going ahead index has an cruical support at 15600, sustenance below the same shall trigger further selling towards 15480- 15250. Whereas on the higher side resistance is placed at 1600-16200-16550.

To view the detailed report click on the Download Report link below

Weekly Report: 21st May 22

Weekly Trend Report

  • 21/05/2022
  • May 21, 2022
Week Gone By
  • In the week ended on Friday, 20 May 2022, the Sensex gained 1,532.77 points or 2.9% to settle at 54,326.39. The Nifty 50 inde x advanced 484 points or 3.07% to settle at 16,266.15.
  • The BSE Mid-Cap index rose 691.19 points or 3.17% to settle at 22,506.85.
  • The BSE Small-Cap index rose 1035.54 points or 4.09% to settle at 26,351.29.
Week Ahead
  • Markets will be influenced by consumers surrounding monetary tightening, China’s Covid lockdowns, and Russia’s war in Ukraine.
  • Investors will track fund flows from foreign portfolio investors (FPIs) and domestic institutional investors (DIIs).
  • Trend in global stock markets, the movement of the rupee against the dollar, and crude oil prices will also dictate the trend on the bourses in the near term.
Technical Overview
Nifty opened with a gap-up and remained highly volatile throughout the week. It closed the week with 2.9% weekly gains on a tepid note. Friday’s trading session resulted in the head index closing above its previous weekly close. Going ahead Nifty has a crucial support at 15670 and sustenance above the same will bolster the price action to surge towards the resistance placed at 16550 and 16780. The support comes at 15670 and 15350.

To view the detailed report click on the Download Report link below

Weekly Report: 28th May 22

Weekly Trend Report

  • 28/05/2022
  • May 28, 2022
Week Gone By
  • In the week ended on Friday, 27 May 2022, the Sensex gained 558.27 points or 1.03% to settle at 54,884.66. The Nifty 50 index advanced 86.30 points or 0.53% to settle at 16,352.45 advanced 484 points or 3.07% to settle at 16,266.15.
  • The BSE Mid-Cap index rose 10.89 points or 0.05% to settle at 22,517.74.
  • The BSE Small-Cap index fell 729.72 points or 2.77% to settle at 25,621.57
Week Ahead
  • On the macro front, S&P Global Manufacturing PMI for May will be declared on 1 June 2022.
  • The S&P Global Composite PMI and the S&P Global Services PMI for May will be declared on 3 June 2022.
  • Trend in global stock markets, the movement of rupee against the dollar and crude oil prices will dictate trend on the bourse s in the
    near term.
Technical Overview
Nifty saw series of decline as the trading week started, however, on declining volumes. Thursday trading session saw a buoyant turnaround and continued to move up on Friday ending with 1.13% weekly gains. The index has broadly formed a trading range between 15700 -16400 and any sustainable directional bias can be concluded only after either of these levels is taken out. Going ahead Nifty faces resistance near 16420 – 16685 – 16750 whereas support comes in at 16170 – 16000 – 15900.

To view the detailed report click on the Download Report link below

Weekly Report: 4th June 22

Weekly Trend Report

  • 04/06/2022
  • June 4, 2022
Week Gone By
  • In the week ended on Friday, 3 June 2022, the Sensex gained 884.57 points or 1.61% to settle at 55,769.23. The Nifty 50 index advanced 231.85 points or 1.42% to settle at 16,584.30.
  • The BSE Mid-Cap index rose 1.14% to settle at 22,774.98
  • The BSE Small-Cap index gained 2.98% to settle at 26,384.14.
Week Ahead
  • The outcome of the Reserve Bank of India’s (RBI) monetary policy meeting and global cues will set the course for the stock market next week.
  • Brent crude hovers above $117 per barrel mark. Spike in oil prices raises India’s import bill as the country imports majority of its crude requirements.
  • A weak rupee raises the cost of importing crude oil.
Technical Overview
Nifty opened the week on a buoyant note with a breakaway gap, however, it failed to continue on the upside and consolidated in a range defined by the gap area of 16682 – 16484. On Friday the price action managed to break above the mentioned range however it failed to sustain and crawled back into the range with 200 EMA acting as resistance. Going ahead a directional bias can be concluded once Nifty can sustain above 16700 or crack below 16400. The resistance comes near 16680 – 16750 – 16890 whereas support comes near 16480 – 16350 – 16200.

To view the detailed report click on the Download Report link below

Weekly Report: 11th June 22

Weekly Trend Report

  • 11/06/2022
  • June 11, 2022
Week Gone By
  • In the week ended on Friday, 10 June 2022, the Sensex lost 1,465.79 points or 2.63% to settle at 54,303.44. The Nifty 50 index dropped 382.50 points or 2.31% to settle at 16,201.80.
  • The BSE Mid-Cap index fell 1.25% to settle at 22,490.32
  • The BSE Small-Cap index declined 2% to settle at 25,85.42.
Week Ahead
  • On the macro front , India’s Inflation rate for May will be unveiled on 13 June 2022.India’s inflation based on wholesale price index (WPI) for May will also be unveiled on the same day.
  • The US Fed Reserve will announce its interest rate decision after its two day policy meeting on 15 June 2022.
  • China will announce industrial production data for May on 15 June 2022.
Technical Overview
Index opened the week on a flat note and gradually inched lower as on 4 out of 5 sessions, and ended the week near the weekly lows. Going ahead Nifty has strong support around 16000-15900 zone, sustenance below the same shall trigger further selling pressure towards 15700-15450. While on the other hand intermediate resistance is present at 16300-165000-16780

To view the detailed report click on the Download Report link below

Weekly Report: 18th June 22

Weekly Trend Report

  • 18/06/2022
  • June 18, 2022
Week Gone By
  • In the week ended on Friday, 17 June 2022, the Sensex lost 2,943.02 points or 5.42% to settle at 51,360.42.The Nifty 50 index dropped 908.30 points or 5.61% to settle at 15,293.50.
  • The BSE Mid-Cap index fell 5.31% to settle at 21.295.93.
  • The BSE Small-Cap index declined 6.67% to settle at 24,133.88.
Week Ahead
  • Japan will announce inflation rate for May on 24 June 2022
  • The US, Existing Home Sales data for May will be announced on 20 June 2022
  • China will announce Loan Prime Rate for 1 year and 5 years on 20 June 2022.
Technical Overview
Index opened the week with wide gap down and remained under pressure throughout the week, ending the week with deep cuts. Going ahead index has an immediate support around 15100, which is 78.6% retracement support. Failure to defend this support will open the way for 14850-14630. While on the other hand immediate resistance is present around 15400-15650-15830.

To view the detailed report click on the Download Report link below