Weekly Report: 02nd July 22

Weekly Trend Report

Week Gone By
  • In the week ended on Friday, 01 July 2022, the Sensex advanced 179.95 points or 0.34% to settle at 52,907.93. The Nifty 50 index gained 52.80 points or 0.34% to settle at 15,752.05.
  • The BSE Mid-Cap index rose 0.26% to settle at 21,858.93.
  • The BSE Small-Cap index gained 1.20% to settle at 24,807.74.
Week Ahead
  • On the macro front, the S&P Global Composite PMI and the S&P Global Services PMI for June will be declared on 5 July, 2022
  • The US ISM Non-Manufacturing PMI data for June will be announced on 6 July, 2022
  • China will announce Caixin Services PMI and Caixin Composite PMI for June, 2022 on 05 July, 2022
Technical Overview
Index opened the week on a positive note with gap up, but as the week progressed index turned highly volatile and end the week with minor gains. Going ahead index has index has an immediate support around 15600-15450-15200. While on the other hand resistance is present around 15880-16050-16230.

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