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January 17, 2022

The BSE sensex closed the shop at 61,308UPby 85 points and the Nifty close the day at 18,308 byAdding 52 points.

On the Upside:- Heromoto, Grasim, Ongc, Tatamotors
On the downside- HCLtech, HDFCBANK, Cipla, Axisbank

Tech View:- Morning Session, We have seen Market have started on positive note dure to global cues, Whree; early session,The BSE Sensex was up 54 points at 61,277 and the NSE Nifty50 was 36 points up 18,292. afterwords market have perform rangebound and eventually The BSE ended at 61,309 levels, up 86 points or 0.14 per cent and the Nifty50 closed at 18,308, up 52 points or 0.29 per cent.

Indian Vix:- was UP around 1.3% closed 16.77.

Sectoral, Nifty Realty, Nifty Energy made a gain of around 1%.

Nifty have formed a Bullishcandleon daily chart, going forward 18150-18000 will act as a major support and 18350-18450 will be acting as a hurdle. RSI is in to overbought zone, Fail to cross 18350 level may put market in to selling pressure.

European & USA markets: @ IST 4:50 European markets were trading at Positivenote. Where the Germany’s DAX tradingPositiveby 0.39%, Other hand France’s CAC40 indexrunningPositiveby 0.62% where, England’s FTSE100 indexPositiveby 0.64%.
Where; wall street @ IST 05:00The DOW future contract trading Positive53points, S&P 500 Future trading Positive7.50points, Where; Nasdaq100 future Positive24.50 points.

Global News Analysis:

CHINA- Chinese President Xi Jinping said on Monday that countries should strengthen economic policy coordination and prevent the world economy from dipping again.
CHINA:-China’s economy rebounded in 2021 with its best growth in a decade helped by robust exports but there are signs momentum is slowing on weakening consumption and a property downturn, pointing to the need for more policy support..
LONDON:-Oil prices were steady on Monday, as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output. .
UN-The global job market will taker longer to recover than previously thought, with unemployment levels set to remain above pre-COVID-19 levels until at least 2023 due to uncertainty about the pandemic’s course and duration, the International Labour Organization said in a report on Monday. military experts were preparing options in case tensions over Ukraine could not be defused.