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February 28, 2022

The BSE sensex closed the shop at 56,247 UP by 388 points and the Nifty close the day at 16,793 by Adding 135 points.

On the Upside:-Hindalco, Tatasteel, Powergrid, JSWsteel
On the downside -HDFC life, DrReddy,Axis Bank, M&M

Tech View:- Today’s session market have started a day with Negative, Despite this market have shown good recovery from bottom mainly due to Ukraine got ready to to talk with Russia in Belarus border which help to reduce some pressure form market and we have seen good recovery from the bottom. Where; BSE made an Intra day low which is 54800 and made a high of 56300 in Intra day session, eventually close at 56247.
Nifty day’s session Nifty had made a low 16361 and High of16818, Eventually market shut the business in green by adding 135 points.

Sectoral, the broader market, the BSE MidCap and SmallCap indices added 0.8 per cent each.
the sectoral front, apart from the Nifty Metal index, which closed nearly 5 %higher, the Nifty Oil and gas index up 2.6 %, IT index up 1 %, and the Nifty FMCG index up 0.6 % .
Nifty have formed strong Bullish candle on daily chart. RSI had been come up from the oversold zone indicating buying zone Some relaxation as Nifty have close above 200 EMA on daily chart.Nifty resistance is placed at 16800-16900, whereas supports are placed at 16650/16550.
Any move above 16800 we may see 17000 mark.

European & USA markets: @ IST 05:00 European markets were trading at Negative note. Where the Germany’s DAX trading Positive by 2.41%, Other hand France’s CAC40 index running Negative by 3.08 %where, England’s FTSE100 index Negative by 1.23%.
Where; wall street @ IST 05:00The DOW future contract trading Negative 435 points, S&P 500 Future trading Negative 60 points, Where; Nasdaq100 future Negative 189 points.

Global News Analysis:

RUSSIA–The Kremlin on Monday said Russia’s economic reality had changed but saw no reason to doubt the effectiveness and reliability of the central bank, which hiked interest rates to 20% as it sought to shield the economy from unprecedented Western sanctions.
RUSSIA:–Russia’s central bank more than doubled its key policy rate on Monday and introduced some capital controls as it scrambled to shield the economy from unprecedented Western sanctions that sent the rouble tumbling to record lows. .
RUSSIA:-Russia is interested in coming to an agreement that is in the interests of both sides at talks with Ukraine, Russian negotiator Vladimir Medinsky said on Monday, as officials prepare to meet near the border.
LONDON- World stocks slid, oil prices jumped and the rouble tanked to fresh record lows on Monday, as the West ramped up sanctions against Russia for its attack on Ukraine that included blocking banks from the SWIFT global payments system.
EUROPE-The European arm of Sberbank , Russia’s biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a run on its deposits sparked by the backlash from Russia’s invasion of Ukraine.
LONDON:-Oil prices jumped on Monday as Western allies imposed more sanctions on Russia and blocked some Russian banks from a global payments system, which could cause severe disruption to its oil exports.