Weekly Trend Report
- 26/02/2022
Week Gone By
- In the week ended on Friday, 25 February 2022, the S&P BSE Sensex lost 1,972.1 points or 3.41% to settle at 55,858.5. The Nifty 50 index fell 617.90 points, 3.57% to settle at 16,658.40.
- Domestic equity indices declined for the fourth consecutive session on Monday, 21 February 2022.
- The S&P BSE Sensex, fell 149.38 points or 0.26% at 57,683.05. The Nifty 50 index lost 69.65 points or 0.4% at 17,206.45.
Week Ahead
- On the macro front, infrastructure output data for January will be released on 28 February 2022.
- Markit Manufacturing PMI for February will be declared on 2 March 2022. Markit Services PMI for uncertainty .
- Markets are expected to move in sync with global peers in the coming week. A close eye will be kept on the developments concer n- ing the Russia – Ukraine crisis.
Technical Overview
Index closed with a loss of 3.58% at 16658. Index opened with gap down and witnessed sharp selloff except last day of the week. Index has registered breakdown from the important support of 16800 and closed around 50 WEMA. Going ahead index has a support around 16460-16300-16030. Whereas resistance is seen at 16800-17000-17280.
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