Nifty 50 weekly analysis covering market trend, technical levels, sector performance and FII–DII data for Indian stock market.
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Nifty50 |
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|
Week High |
Week Low |
Market structure |
Range |
|
26009 |
25447 |
LHHL |
562 |
|
Nifty 50 |
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|
Start |
End |
Return (%) |
|
25694 |
25471 |
-0.87 |
Week 6 was a mildly corrective week with -0.87% loss. The range of 562 points is relatively controlled compared to earlier volatility of week 5 (1662), suggesting consolidation rather than breakdown. Nifty 50 made a lower high higher low (LHHL) structure, which also suggests consolidation.
Nifty 50 Technical Analysis (Weekly View)
Moving Averages:
|
Wk |
Current |
50 DMA |
200 DMA |
|
6 |
25471 |
25782 |
25287 |
The current price is above 200 DMA which indicates long-term structure is intact. However, Nifty 50 is showing short-term weakness as price is below 50 DMA.
Pivot level:
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Pivot level (classical) |
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|
Resistance 1 |
25586 |
Pivot (25515) |
Support 1 |
25400 |
|
Resistance 2 |
25701 |
Support 2 |
25329 |
|
|
Resistance 3 |
25772 |
Support 3 |
25214 |
|
The weekly close (25,471) is below pivot (25,515) indicating slight bearish bias. The immediate support zone is 25,400 – 25,329 with major support near 200 DMA (25,287). If 200 DMA breaks decisively, selling may accelerate.
Indicators:
RSI: 46 [Bearish momentum bias, but it is not oversold yet (oversold < 30)]
MACD: 12.3 Signal (-14.2)
Momentum is weakening. Although MACD remains positive, divergence from the signal line suggests trend exhaustion and consolidation.
Sector Performance (Weekly)
Top Performing Sectors:
FMCG, Pharma, IT, Realty
Underperforming sectors:
Metal, Media, PSU bank
Top gainers of Nifty 50:
HUL, Dr Reddy, Infosys
Top losers of Nifty 50:
Tata Steel, JSW steel, Bajaj finserv
Defensive sectors (FMCG, Pharma, IT) were gainers while Metals and cyclicals were hit the most. Rotation was seen high-beta to safety, aligning with a consolidation week and cautious institutional behaviour.
FII–DII Activity:
|
Net purchase/Sell (crore) |
|
|
FII |
DII |
|
-4019.09 |
6883.81 |
FIIs were aggressive sellers while DIIs provided strong support. This explains why decline remained orderly and not sharp.This is a classic distribution-to-domestic-absorption phase.
Global Factors:
Brent Crude (66.5 USD)
Dollar Index (97.5)
At 66.5, Brent crude is at comfortable level for India. It will keep low inflation risk and is positive for fiscal and corporate margins.
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