Dear All,
FIIs sold equities worth Rs 6,010.44 crore
DIIs bought equities worth Rs 6,010.44 crore.
So far Last week, as per Exchange Data.
Traders can expect high volatility over the holiday-shortened next week. The Indian stock markets will remain closed on Tuesday, 7 March, on account of Holi.
US Market :-
Fed chair Jerome Powell will testify on the US central bank's semiannual monetary policy report, submitted to the Senate Banking Committee. Powell will testify to whether the cycle of interest rate hikes has led to recession in the world's largest economy.
Other Global Events :-
The two-day Monetary Policy Meeting of the Bank of Japan begins on 9 March, Thursday.
China’s CPI data will be declared this week.
Industrial production data of the UK will also be announced during the week.
India’s industrial production data will be released on Friday, 10 March.
> NIFTY DIALY CHART <
Last Friday Bounce has entirely changed the market mood to bullish for many. But still the Bear may emerge any time if the key resistance as mentioned above fail to cross.
> NIFTY HOURLY CHART <
Its a C wave which may find its resistance as mentioned above.
> BANK NIFTY DAILY CHART <
Bank NIFTY is the Only Sector may trigger a brutal fall if turns bearish.
> Bank NIFTY Hourly Chart <
Resistance @ 41470
