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.
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