Weekly Report: 12th Feb 22

Weekly Trend Report

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.

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