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.
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