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Weekly Report: 8th Jan 22

Weekly Trend Report

  • 08/01/2022
  • January 8, 2022
Week Gone By
  • In the week ended on Friday, 31 December 2021, the Sensex rose 1490.83 points or 2.56% to settle at 59,477.65. The Nifty 50 index gained 458.6 points or 2.64% to settle at 17,812.70.
  • The BSE Mid-Cap index added 502.75 points or 2..01% to settle at 25,472.83.
  • The BSE Small-Cap index rose 574.38 points or 1.95% to settle at 30,032.14.
Week Ahead
  • Global and domestic macro economic 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 trading week ahead.
  • Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will also be watched.
  • On the macro front, the Industrial Production and Manufacturing Production data for November will be declared on 12 January 2022.
Technical Overview
Index closed with a gain of 2.64% at 17812. Index opened on a flat note and remained strong throughout the week ending week with decent gains and near weekly highs. Going ahead index has an intermediate resistance around 18000, sustenance above the same will open the way for 18200-18500. While on the other hand support is placed around 17600-17380-17000.

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

Weekly Report: 15th Jan 22

Weekly Trend Report

  • 15/01/2022
  • January 15, 2022
Week Gone By
  • In the week ended on Friday, 14 January 2022, the Sensex jumped 1478.38 points or 2.47% to settle at 61,255.75. The Nifty 50 index advanced 443.05 points or 2.49% to settle at 18,255.75.
  • The BSE Mid-Cap index spurted 612.41 or 2.40% to settle at 26,085.24.
  • The BSE Small-Cap index rallied 919.14 points or 3.06% to settle at 30,951.28.
Week Ahead
  • Trend in global stock markets, the movement of rupee against the dollar 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 also be monitored.
  • Build up to the upcoming budget session would be another key event that the market would be looking for in January 2022.
Technical Overview
Index closed with a gain of 2.49% at 18256. Index opened the week on a positive note and remained strong throughout the week ending near weekly highs. Index continue to form higher higher and lows for the fourth consecutive week in a row. Index has surpassed resistance zone of 18150-18200, till index stays above the mentioned zone index likely to scale higher towards 18400-18600-18900. While support past 18150 comes at 18000-17700-17500.

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

Weekly Report: 22nd Jan 22

Weekly Trend Report

  • 22/01/2022
  • January 22, 2022
Week Gone By
  • The benchmark indices logged strong losses in the week ended Friday, 21 January 2022 on selling pressure in index . The Nifty closed below 17,700 mark while the Sensex ended below 60,000 levels
  • The BSE Mid-Cap index lost 4.35% to settle at 24,951.67. The BSE Small-cap index declined 3.18% to settle at 29,967.21.
  • Increasing coronavirus cases, unabated selling by foreign portfolio investors and muted corporate earnings further dampened the
    sentiment.
Week Ahead
  • Earnings announcements from India Inc will continue to remain in focus in the truncated trading week ahead
  • Stock Markets will remain closed on Wednesday , 26 January 2022 on account of Republic Day.
  • Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will also be watched.
  • The US FOMC meeting is scheduled to begin on January 25 and conclude on January 26 . As per the reports , the federal reserve
    will began an aggressive series of rate hikes
Technical Overview
Index closed with a loss of 3.50% at 17617. Index opened the week on a subdued note and witnessed sharp selloff ending the week near weekly low with deep cuts. Index has formed wide bearish candlestick which suggests caution on an ongoing uptrend. Going ahead index has an immediate support 17450-17200-16980. While on the higher side resistance is placed at 17780-17900-18200.

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

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