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February 16, 2022

The BSE sensex closed the shop at 57,996 Down by 145 points and the Nifty close the day at 17,322 by Loosing 30 points.

On the Upside:-Divislab, Ongc, Adaniport, Ioc

On the downside –SBI, ICIC Bank, NTPC, Tatasteel


Tech View:- Today Market have started on positive note. Where; The BSE Sensex opened 299 points up at 58,442, while the NSE Nifty climbed 81 points to 17,433. However, the indices soon after the opening were seen turning volatile as they slipped into the red zone.

The BSE traded 789 points intra-day before closing at 57,997 levels, down 145 points. The Nifty traded 233 points and eventually ended at 17,322, down 30 points.


Sectoral, The BSE MidCap and the BSE SmallCap indices ended mixed with the former dipping 0.03 per cent and the latter advancing 0.42 per cent.
The Nifty Realty and Pharma ended in the green, adding 1 per cent and 0.5 per cent, respectively. On the downside, the Nifty PSB index slipped 1.2 per cent.


Nifty have formed a Strong Bearish candle on daily chart, RSI trading on buying zone and MACD indicating positive trend, hence;.Going forward, 17450 and 17550 will be acting as a Resistance and 17250-17150 will act as a support.

Positive talk between Russia and Ukraine can may bring positive trend back , however; Uk inflation data will be the worry point for data.


European & USA markets:  @ IST 05:24 European markets were trading at Positive note. Where the Germany’s DAX trading Positive by 0.07%, Other hand France’s CAC40 index running Positive by 0.05 %where, England’s FTSE100 index Negative by 0.22%.

Where; wall street @ IST 05:30The DOW future contract trading Negative 32 points,  S&P 500 Future trading  Negative 3 points, Where; Nasdaq100 future   Negative 2 points.


Global News Analysis:


LONDON—Oil prices recouped losses on Wednesday as investors weighed conflicting statements on the possible withdrawal of some Russian troops from around Ukraine amid tight global supplies and recovering fuel demand.

RUSSIA:--Kyiv appeared to blame Russia for a cyber attack on Tuesday as U.S. President Joe Biden warned that more than 150,000 Russian troops were still amassed near Ukraine’s borders after Moscow’s announcement of a partial pullback was met with scepticism.

LONDON:--British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row.