Weekly Technical Report


Nifty traded in a range in the week gone by. Most of the sectoral indices also trade in a range pivots barring IT, MEDIA & REALTY indices as they gained 3.6%, 3.5% & 2.97% respectively.

Going forward, it is likely that markets remain volatile in the upcoming week on account of ongoing Q3 earnings and release of macro-economic data viz. CPI (13th Feb), WPI (14th Feb) and Trade Balance (15th Feb).

Considering the current chart pattern, we expect Nifty to trade within 8600-8850 range and thus advice traders to adopt the cautious trading approach.

BSE Sectoral Indices Performance

 This Week Previous Week% Change
Health Care 15,138.215,255.0-0.8
FMCG 8,916.18,864.30.6
Consumer Durable13,590.8 12,918.7 5.2
AUTO22,195.0 22,147.20.2
OIL & GAS13,095.0 13,100.50.0
BANKEX23,174.5 23,138.00.2
CG15,482.6 15,096.2 2.6
POWER2,221.9 2,181.31.9

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