Nifty last close: 16945.05 (-0.8%)
Nifty was seen huge selling pressure in the last one hour on Friday
On weekly basis, Nifty50 declined 0.91 percent to 16,945
Sensex dropped 0.8 percent to close at 57,527
Lowest closing level on weekly basis since July last year
Technology, auto, metal and realty stocks corrected the most among sectors
Whereas FMCG and pharma outperformed
VIX sustained around 14.80
FIIs have net sold Rs 6,654 crore worth shares in passing week
DIIs have poured in Rs 9,430 crore funds
Nifty Midcap 100 index was down 1.75% and Smallcap 100 index slipped 1.88% during the week
STT on sale of options to be hiked by 25%
India’s forex kitty jumps by $12.8 billion to $572.80 billion
NSE to roll back 6% transaction charges on equity and F&O trading from April 1
Oil price climb in relief rally as banking concerns ease
US futures higher after cash market ends in the green on Friday
All frontline indices up around 1% last week
Gold prices near $1970/oz
Brent Crude near $75/bbl
This week trend decider 16830 and 17220
Today Nifty is facing a intraday resistance 17000 and 17050
If stays above 17050 will try to move 17120
On other side, Nifty can be considered as supports as 16910 and 16870
Below 16870 finding a next support around 16820
Updated: 08.50 am / 27th March 2023
