USDINR is locked within a broad range due to opposing factors of seasonality and global market cues.

Nifty 17,000 a key support level; Financial and auto stocks in focus

Nifty 17,000 will act as a major support level, below which 16,800 will be the next level to watch out for. On the higher side, Nifty 17,450 would act as a key resistance level, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from the financial, auto, and realty space.

Nifty 17,000 a major support level

Nifty 17,450 key resistance level

Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from the financial and auto space.

Weekly outlook: IRB Infra Among Top Picks, FIIs Continue to be Net Sellers

Highlights of 28 March’22 Fundamental weekly podcast

- Domestic markets remained range bound last week. BSE midcap and the BSE small cap index outperformed the larger indices.

- Crude oil prices may have corrected from the recent highs. Oil prices and commodities prices likely to stay volatile and elevated.

- FIIs continue to be the net sellers in the month of March 2022 to the tune of Rs. 45,453 crore.

- Despite geo-political tension, equity markets were strong globally.

- Weekly pick: IRB Infra - The company is entering into a strong growth trajectory with healthy visibility on construction revenues, and sharp uptick in toll revenues.

- Other pick: Aster DM - Aster DM reiterated a strong medium-term India outlook, while guiding for a healthy trajectory in Gulf Cooperation Council (GCC).

Nifty 17,000 a key support level; Technology and Financial stocks in focus

Nifty 17,000 will act as a major support level. Nifty 17,300 will be the next level to watch out for, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from the technology, financial, metal and pharmaceutical space.

Nifty 17,000 a major support levvel

Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from the technology, financial, metal and pharmaceutical space.

USDINR is expected to remain rangebound due to contrasting factors of high oil and strong year end $ inflows. Focus on option selling strategies

USDINR is being supported by higher oil prices and weak equity markets. But the pair needs to clear resistance zones near 76.50 and 76.70

Weakness seen in multiple time frames - selling aggression below 17200

USDINR May remain rangebound due to contrasting drivers of higher oil & yields and strong equity and year end corporate $ inflows. Focus on option strategies to benefit from ranged price action

Commodity outlook: Gold might witness volatility; Supply risks for commodities may persist

- Development relating to Russia-Ukraine will be at the forefront this week.

- Risk sentiment may remain shaky, while supply risks for commodities may persist.

- The U.S. dollar ended lower last week, marking it's first decline in 4 weeks. It witnessed losses amid reduced safe-haven demand and as bond yields came off highs after the Fed's rate hike decision.

- Gold may remain volatile, however, market uncertainty may increase its safe haven appeal and keep prices supported near $1900/oz level.

- Crude oil’s sharp rise has made it vulnerable to profit taking. However, a sustained decline may not materialize unless Russia-Ukraine issues are resolved.

- The focus during this week will be on manufacturing and services PMI data from Europe and US.

The focus would be on manufacturing and services PMI from Europe and US, says Ravindra Rao, our head of Commodity Research in our weekly outlook.

Get the full market update and strategy for Gold, Silver, Crude Oil, and base metals.

Nifty 17,000 a key support level; Technology and Metal stocks in focus

Nifty 17,000 will act as a major support level. Nifty 17,200 will be resistance level, says Shrikant Chouhan in our daily Trade Talk podcast. Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from the technology and metal space.

Nifty 17,000 a major support level

Nifty 17,200 a key resistance level

Get a full trading strategy here for Nifty, Bank Nifty, and select stocks from the technology and metal space.