Sensex, Nifty trade flat amid volatility; Titan, ITC top losers

On Feb 4, 2022

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Indian indices witnessed a flat start on Friday. The indices, on Thursday, fell over 1.2% snapping a three-day three sessions of gains. In the US, the Wall Street too ended a four-day winning on run Thursday as Facebook-owner Meta’s stock tumbled 26.4%, wiping out over $200 billion. All the three key US benchmark indices ended lower. In Asia, shares in South Korea and Hong Kong advanced, while Japan and Australia saw a decline in their positions.

04 Feb 2022, 10:03:02 AM IST

Metal shines

04 Feb 2022, 09:50:32 AM IST

Sectoral indices

04 Feb 2022, 09:48:54 AM IST

Sensex in early trade

04 Feb 2022, 09:47:42 AM IST

Manish Hathiramani, proprietary index trader and technical analyst, Deen Dayal Investments

The market is still not sure of the direction it would like to pursue. 17800 is a resistance and 17200 is a support. Either level needs to be taken out in order to see a directional move. Until then the action is in trading the intraday volatility. Extreme caution should be exercised as the stops can be severe.

04 Feb 2022, 09:45:53 AM IST