Weekly Report: 5th Mar 22

Weekly Trend Report

Week Gone By
  • In the week ended on Friday, 4 March 2022, the S&P BSE Sensex lost 1,524..71 points or 2.73% to settle at 54,333.81. The Nifty 50 index dropped 413.05 points or 2.48% to settle at 16,245.35.
  • The BSE Mid-Cap index fell 2.35% to settle at 23,771.95.
  • The BSE Small-Cap index lost 0.62% to settle at 26286.66
Week Ahead
  • Market may remain highly volatile due to the Russia-Ukraine crisis.
  • On the economic front, India’s industrial production data for January will be unveiled on 11 March 2022.
  • India’s manufacturing production data for January 2022 will also be declared on the same day.
Technical Overview
Index opened the week on a negative note and witnessed selling pressure in last 2 session of the weeks, ending the week near weekly low with loss 2.48% at 16245. Going ahead index has an important support around 16150, failure to defend the support will open the gate for 15900-15700. While on the other hand resistance is seen at 16400-16600.

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