Weekly Report: 11th June 22

Weekly Trend Report

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