Weekly Report: 9th April 22

Weekly Trend Report

Week Gone By
  • In the week ended on Friday, 8 April 2022, the Sensex rose 170.49 points or 0.29% to settle at 59,447.18. The Nifty 50 index gained 113.90 points or 0.64% to settle at 17,784.35.
  • The BSE Mid-Cap index added 859.80 or 3.52% to settle at 25,030.79.
  • The BSE Small-Cap index rose 1,066.38 points or 3.72% to settle at 29,765.79
Week Ahead
  • IT majors TCS will declare its Q4 result on 11 April 2022.
  • On the economic front, India’s manufacturing production data for February will be unveiled on 12 April 2022.
  • India’s industrial production data for February will also be announced on 12 April 2022. On the same day, India’s inflation rate for March will be declared.
Technical Overview
Index opened the week on a postive note, however index faced profit booking from the falling resistance trendline ending the session near the opening price. Going ahead index has an immediate resistance placed around 17850, sustenance above the same will open the way for 18100-18400. Whereas on the downside support is placed near 17500-17330-17000.

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