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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

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