NIFTY WRAP UP & FORECASTING

The BSE sensex closed the shop at 57,892 Down by 104 points and the Nifty close the day at 17,304 by Loosing 17 points.

On the Upside:-Tataconsumer, HDFC, Ongc, Reliance

On the downside –ICICI Bank, Axis Bank, Ultracemco, Indusind Bank

 

Tech View:- Due to Russia Ukriane conflict concerns eased. The BSE Sensex rose 234 points at 58,231, while the NSE Nifty was at 17,400, higher by 78 points. Eventually The BSE  closed at 57,892, down 104 points, and the Nifty50 shut shop at 17,304, lower by 17 points.

Sectoral, The BSE MidCap index dipped 0.22 per cent and the BSE SmallCap index fell 0.67 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. The BSE Power Index advanced 2 % and  BSE Bank index closing 1 %.

Nifty have formed a Bearish candle on daily chart, RSI trading on buying zone,as we have seen last 2 session 17450 acting as a barrier for nifty. Going forward, 17450 and 17550 will be acting as a Resistance any crossover 17450 can bring positive momentum in the Nifty and 17250-17150 will act as a support.

 

European & USA markets:  @ IST 04:30 European markets were trading at Positive note. Where the Germany’s DAX trading Positive by 0.17%, Other hand France’s CAC40 index running Positive by 0.31 %where, England’s FTSE100 index Negative by 0.56%.

Where; wall street @ IST 04:30The DOW future contract trading Negative 128 points,  S&P 500 Future trading  Negative 19 points, Where; Nasdaq100 future   Negative 82 points.

 

Global News Analysis:

 

LONDON—Oil prices fell on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages, but losses were capped by heightened tensions between top energy exporter Russia and the West over Ukraine.

RUSSIA:--There is a growing Russian military presence at Ukraine’s borders, Western countries warned on Wednesday, as Estonia said battle groups were moving ahead of a likely attack to occupy “key terrain,” contradicting Moscow’s insistence of a pullback

JAPAN:--Japan ran its biggest trade deficit in a single month in eight years in January as high energy costs swelled imports and manufacturers struggled with global supply constraints, causing a decline in car shipments.