Weekly Trend Report
- 05/02/2022
- February 5, 2022
Week Gone By
- In the week ended on Friday, 4 February 2022, the Sensex jumped 1,444.59 points or 2.53% to settle at 58,644.82. The Nifty 50 index advanced 414.35 points or 2.42% to settle at 17,516.30
- The BSE Mid-Cap index rose 563.88 or 2.33% to settle at 24,750.61.
- The BSE Small-cap gained 726.40 or 2.63% to settle at 29,702.58
Week Ahead
- Trend in global stock markets, the movement of rupee against the dollar and crude oil prices will dictate trend on the bourse s in the
near term. - Investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) will also be watched
Technical Overview
Index closed with a gain of 2.42% at 17516. Index opened with gap up and remained strong throughout the week ending week with decent gains. Going ahead index has an immediate resistance around 17600-17650, sustenance above the same will open the way for 17800- 17950. While on the other hand support is present at 17400-17270-17050.
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