Again volatile week is expected and trend is still weak...

WEEKLY EQUITY BULLETIN FROM 28 FEB TO 04 MAR 2022 In the week gone by, BSE Sensex shed 1,974.45 points (3.4%) to end at 55,858.52, while the Nifty50 declined 617.9 points (3.57%) to close at 16,658.40 levels. All the sectoral indices ended in the negative territory with the Nifty Media index shedding 7.6%, PSU Bank index declining 5.7% and Auto index slipping 4.6%. BSE Midcap index fell 2.5% and Smallcap indices lost 4.6%. Foreign institutional investors (FIIs) sold equities worth Rs 19,843.52 crore, and domestic institutional investors (DIIs) bought equities worth Rs 21,511.79 crore. In the month of February till now, FIIs sold equities worth Rs 41,771.60 crore, while DIIs sold equities worth Rs 37,941.25 crore. Nifty Futures On the weekly basis, the Nifty future has resistance around 16850, if it breaks and closes above 16850 will see an upside rally till 17350 and further to 17600 levels in upcoming trading sessions. Major support around 16200, if it breaks & closes below 16200 will see sharp downside panic till 15500 and then to 15350 levels in upcoming trading sessions. Intraday Levels Nifty Future has resistance around 16730, breaks above 16730 will see intraday upside movement till 16850---16900 levels while Support around 16580, breaks below 16580 will see intraday sell-off till 16450---16300 levels on the Monday trading session. Bank Nifty Futures On the weekly basis, the Bank Nifty future has resistance around 37000, if it breaks and closes above 37000 will see an upside rally till 38500 and further to 39000 levels in upcoming trading sessions. Major Support around 35700, if it breaks and close below 35700 will see downside fall till 34600 and further to 34000 levels in upcoming trading sessions. Intraday Levels Bank Nifty Future has resistance around 36700, breaks above 36700 will see an intraday upside movement till 37000---37150 levels while Support around 36000, breaks below 36000 will see intraday sell-off till 35700---35500 levels on the Monday trading session. Weekly Top Pick Stock Astral Limited. Buy ASTRAL FUTURE around 1875 with a stop loss below 1760 levels for an upside movement till 2000---2150 +++ levels in days to come. Poly Medicure Ltd. Buy POLYMED above 780 with a stop loss below 685 levels for an upside target of 880----920 +++ levels in days to come.

*T&C Apply...