On Friday, the BSE Sensex closed 1,529 points higher at 55,858. At the same time, the Nifty closed at 16,658, up 410 points.
Last week’s last trading day i.e. Friday saw a huge bounce back, recovered from a 7 day continuous decline and was able to close with a gain of more than 2 percent. Let us tell you that the day before that, that is Thursday, the biggest fall of the year was seen in the growing tensions between Russia and Ukraine. On Friday, the BSE Sensex closed 1,529 points higher at 55,858. At the same time, the Nifty closed at 16,658, up 410 points. The Nifty made a bullish candle on the last trading day.
Large stocks as well as small and medium stocks rose in Friday’s trading. Mid and small caps have surpassed the Sensex-Nifty in previous trading days. The Nifty Mid Cap Index closed up 4.2 percent and the Nifty Small Cap Index rose 4.8 percent.
Trade setup for today: Check out these statistics before the market opens, it will be easier to catch profitable deals
Market analysts say the Ukraine crisis, which is worrying markets around the world, will set the market straight this week. The market is already under pressure due to the energy crisis and the constant flow of foreign money. Also, the market will keep an eye on macroeconomic data like GDP estimates and PMI data this week.
Nagraj Sethi of HDFC Securities He said, Friday’s market is jam-packed. There may be some good news for the market. But the uptrend at 16700-16800 is a big hurdle for the Nifty. This will be a big challenge for the Nifty. Any uptrend above this will face large resistance in the short term and low altitude may show weakness. There is immediate resistance for the Nifty at the 16500 level.
Today’s intraday call in which you can make huge money today
Anuj Gupta of IIFL Securities Intraday Call
Axis Bank: Buy target – 800 rupees, stop loss – 728 rupees
Tata Power:Buy target – 250 rupees, stop loss – 205 rupees
Summit Bagadia’s Intraday Call 7 of Choice Broking
Dabur:Buy Target – 560-570 rupees, Stop Loss – 530 rupees
BEL:Buy Target – 210-215 rupees, Stop Loss – 190 rupees
Profitmart Securities Intraday Call Abinash Gorakshakar
ICICI Bank:Buy Target – Rs 758, Stop Loss – Rs 716
Tata Customer:Buy Target – 750 rupees, Stop Loss – 690 rupees