Weekly Report: 26th Mar 22

Weekly Trend Report

Week Gone By
  • In the week ended on Friday, 25 March 2022, the S&P BSE Sensex fell 501.73 points or 0.87% to settle at 57,362.2. The Nifty 5 0 index lost 134.05 points or 0.78% to settle at 17,287.05.
  • The BSE Mid-Cap index fell 0.15% to settle at 23,789.91.
  • The BSE Small-Cap index rose 0.34% to settle at 27,800.6
Week Ahead
  • Trading could be volatile in the forthcoming week as traders roll over positions in the F&O segment from the near month March series to April series. The March 2022 F&O contracts will expire on 31 March 2022.
  • Volatility is also likely to remain high amid the ongoing Russia-Ukraine crisis.
  • India’s infrastructure output data for February will be unveiled on 31 March 2022
Technical Overview
Index opened the week on a flat note and remained volatile throughout the week ending the week with minor loss. Index has been consistently finding resistance around 61.8% retracement levels of its prior decline. Going ahead sustenance above the 17350, will open the way for 17500-17750. While on the other hand immediate support is seen at 17000-16830-16600

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