| Indian Market | 7-Feb-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Nifty | 17213.60 | -302.70 | -1.73% |
| Sensex | 57621.19 | -1023.63 | -1.75% |
| Banknifty | 37995.45 | -793.90 | -2.05% |
| Indian Market | 7-Feb-22 | ||
|---|---|---|---|
| Other Indices | Close | Change | % chg |
| Nifty Mid-Cap 100 | 30129.25 | -312.30 | -1.03% |
| Nifty Small-Cap 100 | 11047.80 | -149.60 | -1.34% |
| India VIX | 20.44 | 1.54 | 8.15% |
| US Market | 7-Feb-22 | ||
|---|---|---|---|
| Indices | Close | Change | % chg |
| Dow 30 | 35091.13 | 1.39 | 0.00% |
| S&P 500 | 4483.87 | -16.66 | -0.37% |
| Nasdaq | 14015.70 | -82.30 | -0.58% |
| Currency / Commodity | 7-Feb-22 |
|---|---|
| Indices | Current |
| USD/INR | 74.6975 |
| EUR/INR | 85.646 |
| Dollar Index | 95.455 |
| US 10-year bond | 1.930% |
| WTI Crude Oil | $ 91.20 |
| Brent Crude Oil | $ 92.20 |
| Gold | $ 1822.65 |
| Bitcoin | $ 44,048 |
| FII / DII Activity | 7-Feb-22 | Rs. (In Crores) |
|---|---|---|
| (Provisional) | Buy | Sell |
| FII | 1157.23 | |
| DII | 1376.49 |
Trade Setup
- Indian market was down around 1.75% on Nifty & BSE Sensex, while Banknifty was down more than 2% on FII & DII selling. DII selling came as a surprise – so far DII have been countering FII and supporting market.
- US Market traded in a narrow range but volatility continues, Nasdaq closed down by 0.58%. META led the downfall.
- ECB president Christine Lagarde said an adjustment to monetary policy will be gradual as market are now expecting first rate hike by ECB.
- Nifty PCR @ 0.70 compared to 0.90 previous. This indicate highly over sold zone and sharp bounce back possible from this level.
- VIX @ 20.44 back above comfort level of 20 – indicates volatility to continue ahead to RBI MPC policy outcome on 10-Feb-22.
- SGX Nifty @ 17237 up 23 points at 8:20 AM.
Technical View
- Nifty had broken 17412 level with such an ease, gives bearish indication, Nifty RSI @ 42.20 & RSI average @ 47.21.
- Nifty can test 16833 level again and this time it will be 3rd time and normally in an 3rd attempt it normally breaks down. 17412 & 17772 level on Nifty could act as resistance level on only trend reversal above 17772 can be seen.
- Banknifty yesterday’s fall has given bearish indication which can be taken as trend reversal post break out above 38851 level. Banknifty RSI @ 51.59 & RSI Average @ 58.17.
- Banknifty is giving mix signal ahead of key event for Banking stocks. Key support level @ 37565 and resistance level @ 38851.
Stock Updates
- Adani Wilmar: The company will make a debut on bourses today.
- Emami: The company has approved buyback of fully paid equity share of face value Re 1 each for aggregate amount of Rs 162 crore.
- Biocon: The company received approval of its ANDA for Posaconazole Delayed-Release tablets from the US FDA.
- DB Realty: The company has allotted 4,87,50,000 warrants representing 13.04% voting rights to Neelkamal Tower Construction LLP on preferential basis.
- Earnings To Watch: Bharti Airtel, IRCTC, Godrej Consumer Products, Jindal Steel & Power, NMD,C Bata India & Bajaj Electricals
Disclaimer: The market view and updates we are sharing are true to the best of our knowledge and sharing just for information purpose and any action would be purely investor’s own responsibility. Investor are advised to take necessary guidance from certified adviser and hence we will not be responsible for any profit or loss incurred due it. We do not have PMS license and we are not recommending anything to buy or sell.
