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While Nifty 50 ended at 22122.05, with a 0.4% loss, the 30-stock S&P BSE Sensex fell 0.5% to settle at 72790.13.<\/p>\n
Here’s how analysts read the market pulse:<\/p>\n
\u201cDespite the overall bullish tone, negative divergence on key momentum indicators suggests caution, particularly against aggressive long positions, especially overnight ones. Traders are advised to monitor these levels closely and adjust their trading strategies accordingly,\u201d said Rajesh Bhosale, technical analyst, Angel One. European shares<\/strong><\/p>\n European equities edged lower on Monday, starting the new week on a cautious note, as investors awaited the release of inflation data. Eurozone is slated to release the inflation data on Friday, which will be closely tracked as it would be before the upcoming European Central Bank meeting on March 7.The pan-European STOXX 600 was down 0.3%, while benchmark indices in France and the UK were down around 0.4%. Tech view<\/strong> Hence, the Nifty is expected to find strong support around 21900-21850 levels. On the upper side, the area of 22200-22300 is likely to be a strong hurdle for the markets ahead, Shetti said.<\/p>\n Stocks showing bullish bias<\/strong> The MACD is known for signaling trend reversals in traded securities or indices. When the MACD crosses above the signal line, it gives a bullish signal, indicating that the price of the security may see an upward movement and vice versa. Most active stocks in value terms<\/strong> Most active stocks in volume terms Most actively traded stocks in volume terms on NSE. <\/p>\n Stocks showing buying interest<\/strong> Stocks seeing selling pressure<\/strong> Sentiment meter favours bulls
US markets
<\/strong>US stocks edged higher in early trade on Monday, while investors are bracing for a busy week of data and seek more catalysts to ride the market further up, following a boost from Nvidia last week.<\/p>\n
Nagaraj Shetti, senior technical analyst at HDFC Securities said, \u201cPositive chart pattern like higher tops and bottoms are intact and present weakness could be in line with a new higher bottom formation.\u201d<\/p>\n
Momentum indicator Moving Average Convergence Divergence (MACD<\/a>) showed bullish trade on the counters of Sobha Ltd<\/a>, Bharat Dynamics<\/a>, Mahindra Holidays<\/a>, Adani Total Gas<\/a>, KPR Mill<\/a>, among others. <\/p>\n
Stocks signaling weakness ahead<\/strong>
The MACD showed bearish signs on the counters of KSB Ltd<\/a>, IndiaMART InterMESH<\/a>, Bank of Baroda<\/a>, NTPC<\/a>, Bayer Cropscience<\/a>, Team Lease Services, among others. Bearish crossover on the MACD on these counters indicated that they have just begun their downward journey.<\/p>\n
Jio Financial Services (Rs 3602.89 crore), HDFC Bank<\/a> (Rs 1676.06 crore), L&T (Rs 1428.27 crore), Alkem Labs<\/a> (Rs. 1260.59 crore), Indus Towers<\/a> (Rs. 1178.26 crore), Adani Gas<\/a> (Rs. 1149.35 crore), and RIL<\/a> (Rs. 1117.32 crore), were among the most active stocks on NSE in value terms. Higher activity on a counter in value terms can help identify the counters with highest trading turnovers in the day.<\/p>\n
<\/strong>Vodafone Idea (Traded shares: 64.36 crore), YES Bank (Traded shares: 27.11 crore), GTL Infra (Traded shares: 19.46 crore), Jio Financial Services (Traded shares: 10.74 crore), NHPC (Traded shares: 9.17 crore), Infibeam Avenues (Traded shares: 9.08 crore), were among the <\/p>\n
Shares of Power Grid Corp, Adani Ports, Adani Enterprises, SBI Life Insurance and M&M are among the stocks that witnessed strong buying interest from market participants as they scaled their fresh 52-week highs, signaling bullish sentiment.<\/p>\n
Shares of Orient Refractories, Polyplex Corporation. And Sharda Cropchem hit their 52-week lows, signaling bearish sentiment on the counters.<\/p>\n
<\/strong>Overall, market breadth favoured bears as 2,312 stocks ended in the red, while 1,665 stocks settled in the green. <\/p>\n