Angel One

💫 Market Metrics: Weekly Roundup

⭐ Sensex: 74,332.58 ⬇️
⭐ Nifty 50: 22,552.50 ⬆️
⭐ Nifty Bank: 48,497.50 ⬇️
⭐ Nifty Smallcap 100: 15,504.30 ⬆️
⭐ Nifty Midcap 100: 49,190.60 ⬇️

✨ Market Performance Key Takeaways For The Week

🌟 The markets appeared to provide hope after weeks of correction as the benchmark Nifty 50 managed to break its three-week losing streak and ended with a 1.93% weekly gain to close just above the 22550 mark.

🌟 While March has began on a hopeful note, 22700 is likely to now serve as the first resistance followed by next resistance level around 22800 and a break beyond might give bulls confidence for a stronger up-move ahead. On the other side, the immediate support zone is likely at 22350-22250 and strong support is likely at 22000.

🌟 Market participants are advised to stay cautious and focus on key levels. They are also advised to buy on declines, instead of chasing momentum.

🌟 BANKNIFTY had a positive week of trade as bulls staged a gradual comeback to recover a percentage of loss of the first day and the index clocked modest weekly gains to close at 48,497 mark. While the traders are advised to closely monitor levels for potential cues on the next directional move, 48850–49000 zone is likely to serve as a dynamic resistance while the 47800–47700 band remains a crucial support zone.
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✨ News Highlights For The Week

🌟 Trump signs executive order to create strategic bitcoin reserve
🌟 RBI set to ask lenders to tighten gold loan processes, Reuters reports
🌟 India's largest REIT IPO: Blackstone, Sattva Developers file DRHP with Sebi
🌟 Tata Capital Seeks as Much as $11 Billion Value in India IPO
🌟 Airtel eyes market leadership with Tata Play merger
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Disclaimer: https://bit.ly/3usSGoH
Sources: Angel One Research | BL | Reuters | BS | Bloomberg | FE |
Date: March 7, 2025