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Weekly Report: 29th Jan 22

Weekly Trend Report

  • 29/01/2022
  • January 29, 2022
Week Gone By
  • In the week ended on Friday, 28 January 2022, the Sensex tumbled 1836.95 points or 3.11% to settle at 57,200.23. The Nifty 50 index slumped 515.2 points or 2.92% to settle at 17,101.95
  • The BSE Mid-Cap index lost 3.07% to settle at 24,186.73. The BSE Small-cap declined 3.43% to settle at 28,940.18.
  • Firm crude oil prices, negative global cues and relentless selling by FPIs impacted sentiment..
Week Ahead
  • The Union Budget 2022-23, corporate earnings and macroeconomic data will be the focus in the upcoming week.
  • Earnings announcements from India Inc will continue to remain in focus in the near term
  • Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will also be watched
  • On the macro front, Market Manufacturing PMI for January will be declared 1 February , 2022
Technical Overview
Index opened the week on a subdued note and continued to witness volatility and selling pressure to close the week in a loss for second consecutive week. Going ahead index has an important support around 16800, till this level is held index is likely to scale higher towards 17300-17450-17650. While support past 16800 comes at 16600-16380.

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

Weekly Report: 5th Feb 22

Weekly Trend Report

  • 05/02/2022
  • February 5, 2022
Week Gone By
  • In the week ended on Friday, 4 February 2022, the Sensex jumped 1,444.59 points or 2.53% to settle at 58,644.82. The Nifty 50 index advanced 414.35 points or 2.42% to settle at 17,516.30
  • The BSE Mid-Cap index rose 563.88 or 2.33% to settle at 24,750.61.
  • The BSE Small-cap gained 726.40 or 2.63% to settle at 29,702.58
Week Ahead
  • 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.
  • Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will also be watched
Technical Overview
Index closed with a gain of 2.42% at 17516. Index opened with gap up and remained strong throughout the week ending week with decent gains. Going ahead index has an immediate resistance around 17600-17650, sustenance above the same will open the way for 17800- 17950. While on the other hand support is present at 17400-17270-17050.

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

Weekly Report: 12th Feb 22

Weekly Trend Report

  • 12/02/2022
  • February 12, 2022
Week Gone By
  • In the week ended on Friday, 11 February 2022, the Sensex fell 491.9 points or 0.84% to settle at 58,152.92. The Nifty 50 index decline 141.55 points 0.81% and settle at 17,516.30.
  • The BSE Mid-Cap index fell 2.02% to settle at 24,250.92.
  • The BSE Small-Cap index lost 3.4% to settle at 28,691.82
Week Ahead
  • Global and domestic macroeconomic data, trend in global stock markets, the movement of rupee against the dollar and crude oil prices will dictate trend on the bourses in the near term.
  • Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be monitored.
  • On the macro front, the Industrial production and manufacturing production data for December will be released on Friday, 11 February 2022.
Technical Overview
Index closed with a loss of 0.81%at 17375. Index opened the week with gap down and remained volatile throughout the week ending the week near opening price with minor loss. Index has been consolidating near the weekly 20 EMA, till index hold above the same will be bullish signal, while sustenance below the same would indicate caution sign for short to medium term. Going forward index has an immediate resistance placed around 17480-17630-17800. Whereas on the other hand support is seen around 17200-17030-16800.

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

Weekly Report: 19th Feb 22

Weekly Trend Report

  • 26/02/2022
Week Gone By
  • In the week ended on Friday, 18 February 2022, the Sensex fell 319.9 points or 0.55% to settle at 57,832.97. The Nifty 50 ind ex decline 240 points 1.37% to settle at 17,276.30.
  • The BSE Mid-Cap index fell 1.98% to settle at 23,771.95.
  • The BSE Small-Cap index lost 3.29% to settle at 27,748.30
Week Ahead
  • Trend in global stock markets, the movement of rupee against the dollar and crude oil prices will dictate trend on the bourses in the
    near term.
  • Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will be monitored.
  • The United States Durable Goods Orders for January will be announced on 25 February 2022.
Technical Overview
Index closed with a loss of 0.57% at 17276. Index opened the week with wide gap down while reversed strongly from the lows to end the week with minor loss. Going ahead index has an strong support at 16800 levels, breakdown below it will accelerate selling pressure to drag index lower till 16600-16400 levels. While immediate support is placed around 17030-16900. On the other hand immediate resistance comes at 17400-17580-17750.

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

Weekly Report: 25th Feb 22

Weekly Trend Report

  • 26/02/2022
Week Gone By
  • In the week ended on Friday, 25 February 2022, the S&P BSE Sensex lost 1,972.1 points or 3.41% to settle at 55,858.5. The Nifty 50 index fell 617.90 points, 3.57% to settle at 16,658.40.
  • Domestic equity indices declined for the fourth consecutive session on Monday, 21 February 2022.
  • The S&P BSE Sensex, fell 149.38 points or 0.26% at 57,683.05. The Nifty 50 index lost 69.65 points or 0.4% at 17,206.45.
Week Ahead
  • On the macro front, infrastructure output data for January will be released on 28 February 2022.
  • Markit Manufacturing PMI for February will be declared on 2 March 2022. Markit Services PMI for uncertainty .
  • Markets are expected to move in sync with global peers in the coming week. A close eye will be kept on the developments concer n- ing the Russia – Ukraine crisis.
Technical Overview
Index closed with a loss of 3.58% at 16658. Index opened with gap down and witnessed sharp selloff except last day of the week. Index has registered breakdown from the important support of 16800 and closed around 50 WEMA. Going ahead index has a support around 16460-16300-16030. Whereas resistance is seen at 16800-17000-17280.

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

Weekly Report: 5th Mar 22

Weekly Trend Report

  • 05/03/2022
  • March 5, 2022
Week Gone By
  • In the week ended on Friday, 4 March 2022, the S&P BSE Sensex lost 1,524..71 points or 2.73% to settle at 54,333.81. The Nifty 50 index dropped 413.05 points or 2.48% to settle at 16,245.35.
  • The BSE Mid-Cap index fell 2.35% to settle at 23,771.95.
  • The BSE Small-Cap index lost 0.62% to settle at 26286.66
Week Ahead
  • Market may remain highly volatile due to the Russia-Ukraine crisis.
  • On the economic front, India’s industrial production data for January will be unveiled on 11 March 2022.
  • India’s manufacturing production data for January 2022 will also be declared on the same day.
Technical Overview
Index opened the week on a negative note and witnessed selling pressure in last 2 session of the weeks, ending the week near weekly low with loss 2.48% at 16245. Going ahead index has an important support around 16150, failure to defend the support will open the gate for 15900-15700. While on the other hand resistance is seen at 16400-16600.

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

Weekly Report: 12th Mar 22

Weekly Trend Report

  • 12/03/2022
  • March 12, 2022
Week Gone By
  • In the week ended on Friday, 11 March 2022, the S&P BSE Sensex gained 1,216..49 points or 2.24% to settle at 54,550.30. The Nifty 50 index added 385.1 points or 2.37% to settle at 16,630.45.
  • The BSE Mid-Cap index rose 3.06% to settle at 23,309.95.
  • The BSE Small-Cap index advanced 3.25% to settle at 27,141.43
Week Ahead
  • Local stocks are likely to remain volatile amid the ongoing Russia-Ukraine crisis.
  • On the economic front, India’s industrial production data for January will be unveiled after market hours on Friday 11 March 2022.
  • Overseas, Japan will announce inflation rate for February on 18 March 2022.
Technical Overview
Index opened the week with wide gap down but reversed smartly from the lows to end the week near the weekly highs with decent gains. Index has formed bullish engulfing candlestick pattern, positive followup price action next week will confirm the pattern. Going ahead index has an immediate resistance around 16800, sustenance above the same will open the way for 17100-17400. While on the other hand support comes at 16400-16120-15800.

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

Weekly Report: 19th Mar 22

Weekly Trend Report

  • 19/03/2022
  • March 19, 2022
Week Gone By
  • In the week ended on Thursday, 17 March 2022, the S&P BSE Sensex rose 2,313.63 points or 4.16% to settle at 57,863.93. The Nifty 50 index gained 656.60 points or 3.95% to settle at 17,287.05.
  • The BSE Mid-Cap index added 514.66 or 2.21% to settle at 23,824.61.
  • The BSE Small-Cap index rose 564.89 points or 2.08% to settle at 27,706.32.
Week Ahead
  • Local stocks are likely to remain volatile amid the ongoing Russia-Ukraine crisis.
  • Developments in the Budget session of Parliament will be closely watched, The second part of the Budget session of the Parliament resumed on 14 March 2022.
  • Overseas, China will announce the Loan Prime Rate for 1 year and 5 years on 21 March
Technical Overview
Index opened the week on a flat note but remained strong throughout the week ending the week near weekly higher with decent gains. Going ahead index has an immediate hurdle present around 17350, sustenance above the same will open the way for 17600-17800. Whereas on the other hand support is seen around 17030-16900-16600.

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

Weekly Report: 26th Mar 22

Weekly Trend Report

  • 26/03/2022
  • March 26, 2022
Week Gone By
  • In the week ended on Friday, 25 March 2022, the S&P BSE Sensex fell 501.73 points or 0.87% to settle at 57,362.2. The Nifty 5 0 index lost 134.05 points or 0.78% to settle at 17,287.05.
  • The BSE Mid-Cap index fell 0.15% to settle at 23,789.91.
  • The BSE Small-Cap index rose 0.34% to settle at 27,800.6
Week Ahead
  • Trading could be volatile in the forthcoming week as traders roll over positions in the F&O segment from the near month March series to April series. The March 2022 F&O contracts will expire on 31 March 2022.
  • Volatility is also likely to remain high amid the ongoing Russia-Ukraine crisis.
  • India’s infrastructure output data for February will be unveiled on 31 March 2022
Technical Overview
Index opened the week on a flat note and remained volatile throughout the week ending the week with minor loss. Index has been consistently finding resistance around 61.8% retracement levels of its prior decline. Going ahead sustenance above the 17350, will open the way for 17500-17750. While on the other hand immediate support is seen at 17000-16830-16600

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

Weekly Report: 2nd April 22

Weekly Trend Report

  • 02/04/2022
  • April 12, 2022
Week Gone By
  • In the week ended on Friday, 01 April 2022, the S&P BSE Sensex advanced 1914.49 points or 3.34% to settle at 59276.69. The Nifty 50 index gained 383.4 points or 2.22% to settle at 17,670.45.
  • The BSE Mid-Cap index rose 2.75% to settle at 24,443.59.
  • The BSE Small-Cap index rose 3.23% to settle at 28,699.41
Week Ahead
  • Trend in global stock markets, the movement of rupee against the dollar and crude oil prices will dictate trend on the bourses in the near term
  • Volatility is also likely to remain high amid the ongoing Russia-Ukraine crisis
  • The Reserve Bank of India (RBI) Governor-headed rate setting panel will be holding its first meeting of the next fiscal from April 6- 8. Inflation is picking up in India, but the country’s central bank is likely to maintain its loose policy even as its global peers raise rates as per reports
Technical Overview
Nifty opened the week with minor gap down, while as the week progressed index gatheredu the strenght and ended the week near the weekly highs gaining 3.02% at 17670. Going ahead index has important support at 17350, till index hold abv this Nifty likely to head higher towards 17800-18000-18350. While support past 17350 comes at 17000-16800.

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