For the weekend 19th Feb'21-Friday... Updated on 15.02.21, Monday-6.03 am

Last week Nifty trend: Nifty Index as expected and written last week, opened on flat to positive note at 15064.30, our expected opening band i.e., 15000-15070, made weekly high at 15257.10 on Tuesday, thereafter, the Index moved down till 14977 and closed the week at 15163.30 on positive note with weekly gain by 239.05 points i.e., 1.06%. 

This week Nifty Trend: The Nifty index may open on Monday i.e., 15th Feb'21, on positive note, subject to the Asian market move, near 15195-15220, if open and sustain above 15220 then, the Index may try to test 15270-15330-15430-15535 levels. On the other hand, the immediate support lies 15100-15070 levels, any further down move below 15070 then, the Index may re-visit 14975-14900-14770-14620-14575-14490-14425 levels.

Key Events: No major key events are expected this week, on the global front, as well as on the domestic front, other then the India Inc. remaining corporate companies quarterly results for the Q3 (Oct-Dec'20 quarter), as of 13th Feb, 2612 companies announced their Q3 numbers, the Q-o-Q basis net profit has re-gained once again to the positive territory with a gain 7.90%, when compares with the last quarter. On Y-o-Y basis, it was seen with a growth has come down to 60.70%, compares with the same period last year Dec'19, we should wait and watch the remaining corporate companies results, in the ensuing days. The Q3 numbers of the remaining corporates and FIIs Funds flow are the trend deciders for the market direction in the near term, price valuation i.e,, Price Earnings ratio-PE, last week has peaked to the unprecedented level once again i.e., 42 times and settled on Friday at 41.58. 

Special Mention: Last week, the Nifty Index once again moved up and tested our another threshold level near 15270, made a high point 15257.10, the technical sell-off dragged till our support levels i.e., 14977, but it closed well above 15000-15070, the FIIs continued their byuing last week, hence the Nifty Index re-gained and moved up, the Nifty Index this week if continue to close above 15070-15270 above, then the upward bullish momentum may continue to test 15330-15530 levels. On the other hand if, the Nifty Index if not able to surpass above 15270 and closes below 15070 for three consecutive trading sessions with weekly close then it may try to re-visit  14900-14770-14575-14490 levels in the near term. 

Sector wise performance: Last week, all the major sectoral Indices were traded with the positive note except Nifty FMCG & Nifty Pharma. The Nifty IT was leading with the weekly gain 3.01%, followed by Nifty Realty gained 2.72%, Nifty Energy gained 1.94%, Nifty Auto gained 1.76%, Nifty Financial Services gained 1.75%, Nifty Bank gained 1.27%, Nifty Metal gained 1.25% and Nifty FMCG & Nifty Pharma, lost -2.07% & -1.27%, respectively.  On the other hand, Nifty Midcap Index closed on positive note with weekly gain by 2.18% and Nifty Smallcap Index also closed with a weekly gain by 3.85%. 

Institutional Investors trading data: The Foreign Institutional Investors-FII's last week once again turned as a net buyer in the Equity segment, they bouhgt all the days last week except on Friday, to the tune of Rs.5871.24 crore on the net basis; whereas, the Domestic Institutional Investors-DII's, turned as a net seller, they sold all the days last week, to the tune of Rs.-5641.08 crore on the net basis, as per the data forwarded to the SEBI,. We must watch the FIIs behaviour this week, whether they continue the funds flow or not.

USD Vs INR: The USD Vs INR depreciated from the weekly high level i.e.,$72.99 and moved down till $72.63, closed on Friday at $72.71, the USD Vs INR as written & expected last week, unable to move above at our resistance level i..e, $73.21 and broken the support level $72.71 but closed at the support level, this week is a crucial for USD Vs INR, if it is moves below $72.63-72.53 then, it may move down till $72.31-72.10-71.20, on the other hand if it moves above  $72.77-72.85 on the upper side then, it may re-test $72.92-72.99-73.02-73.08 levels in the near term. 

Tading Strategy: The Investor/trader, those who invested near 13700 levels, book profit booking at 15200-15500 levels and wait for further dip to re-invest again in Nifty 50 stocks, if the Nifty Index trades near 14900-14500 levels with short to medium term perspective.

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Wishing you for a safe and secured with profitable trading.