India's banking authority The Reserve Bank Of India cuts Repo Rate by 25 basis point in it's monthly monetary policy review from 7.50% to 7.25%.
The Cash Reserve Ratio (CRR) remains unchanged at 4% for the bankers.
With the high expectation from RBI's monetary policy the market started off on a flat note and with the mixed global cues. During the starting of the week the Indian benchmark indices traded with positive bias and closed well with positive momentum. The bullish momentum was followed by a gap up opening on Tuesday's trading session which pushed Nifty and Sensex above the last week high of 5924 and 19434 level respectively. On Thursday after one day holiday Nifty pushed more for higher level and touch the psychological level of 6000 for first time after 4 February 2013.

The last trading session of the week traded with high volatility after the announcement of the Reserve Bank of India's monetary policy. On that day nifty closed the day's trading with the loss of 55 points due to RBI's monetary policy expectation. Because was expected to cut in CRR (Cash Reserve Ratio ) at least 25 basis point with Repo Rate.

Nifty-50 Daily Chart
On the end of week the 50 share indices NSE Nifty close the week with the gain of 73 point trading at 5944. Nifty touched to a week's high level of 6019 and fell to a week's low of 5878. It opened at 5878 during the week.
The broader indices, BSE Sensex gained 289 points to end the week's trading at 19576 level. The 30 stock indices sensex touched week's high at 19792 level and made a low of 19285 level on the technical chart.

In the basket of Nifty's 50 stock 24 stocks ended with the gains while rest the rest 26 counter closed the week with loss.
Weekly top gainers among NSE Nifty stocks are : FMCG heavy weight Hindustan Unilever (HUL) top in the list with dream return of 24 % in one week, followed by HCL Technology up by more than (10 %), Mahindra and Mahindra (8%), Reliance Infra (6.46 %), Sesa Goa (5.33%), Infosys (4.48%).
Weekly losers among the Nifty 50 stocks are : Bajaj Auto down (5.01%), Punjab National Bank (3.93%), Gas Authority of India (3.87%), Tata Motors (3.86%), DLF (3.27%), State Bank of India (3.24%).

  • Advance decline ratio was in to the favor of bears, Of the 1229 stock traded on National Stock Exchange, 757 stock fell and rest 472 rose on the last trading session of the week.
  • Nifty Open Interest is at 1,84,91,100 down by 2,28,300.
  • Nifty Put Call Ratio increased from 1.05 to 1.12 levels.
  • Highest buildup in open interest on 6000 call and 5700 put strike.

Now for the Nifty 5870-5850 important support level on the down side and on the upper band 6020 which is placed around last week high and if Nifty traded above these levels would push higher to test the 52-week high of 6112 level.

Good Luck For Week Ahead !