Markets News

Signs of fatigue on the Dalal Street in the Week Ahead

Indian equities took a pause during the week ended on February 19 and closed the week in almost red. Also, the market breadth remained wider than before.

The Nifty closed below 533-point during the last market close almost falling below the crucial levels.

Moreover, the market although ended by almost another lifetime high and also paired some more gains in the last days.

Some higher- level fatigues were seen as Nifty closed with a total net loss of 181.55 points. It nearly dropped at 1.20 percent.

Moreover, there was no as such movement in the volatility. The India VIX added by 0.94 percent cumulating at 22.25 levels on weekly charts.

As we move towards the end of the month, the Indian market is expected to witness roll over-centric activities in the week ahead.

We can see the index to move in a specific range for the upcoming five sessions. It can be however capped with upside.

On a broader segment weekly options reflected that the indices will be in a definite range of 15k to 15,500 levels.

Moreover, any kind of violation beyond this mark will result in weakness. The PCR is too expected to remain at crucial levels for the upcoming weeks.

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