Highlights
- Sensex and Nifty closed with a slight decline on Friday
- Will keep an eye on inflation data and Fed Reserve interest rates
- Nifty’s weekly chart formation is a positive sign
On Friday, the last day of the week, the BSE Sensex and NSE Nifty closed with a slight decline. The Sensex closed at 58,786.67 and the Nifty at 17,511.30. According to Mazhar Mohammad of Chartviewindia.in, Nifty registered yet another incisive formation for the second consecutive session. But the formation of the weekly chart is a positive sign.
Domestic stock markets were overall bullish in the past week due to less concern about the new form of corona virus Omicron. Both Sensex and Nifty gave gains of around 1.7 per cent in the past week. The direction of the stock markets this week will be decided by inflation data and the decision on interest rates by the US central bank Federal Reserve.
After telecom, broadband companies are also going to give a blow! may increase the price of tariff
Which stocks can see a rise today
On Monday, the shares of Bank of Baroda, Union Bank of India, Subex, SBI and Canara Bank may see a rise. On the other hand, shares of Power Grid Corporation, India Power Corporation, Shipping Corporation, Vizi Finance and KEI Industries may see a fall.
Home loan became cheaper in this bank, now interest rate is starting from 6.40%
What are the indications for buying and selling
Today there may be bumper buying in the shares of Network18, Siemens, Thermax, Brightcom Group and Polyplex Corp. The reason for this is that in the last trade, these shares had reached a 52-week high. On the other hand, Dev Information Tech, Rajshree Polypack and Shivalik Rasayan could face selling pressure as they had come down to 52-week low in the previous trade.
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