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WEEKLY REPORT



CNX NIFTY CHART



CNX BANKNIFTY (WEEKLY CHART)

  • CNX BANKNIFTY: WE ARE BEARISH ON CNX BANKNIFTY, FROM THE PAST THREE WEEKS IT IS GIVING A NEGATIVE CLOSE. THE BEAR IS SHOWING STRONG STRENTH FOR COMING WEEK, 15500 IS STRONG RESISTANCE LEVEL AND 13500 IS SUPPORT LEVEL.












  • CNX MIDCAP & SMALLCAP : THE CNX MIDCAP & SMALLCAP IS SHOWING STRONG TRENDLINE SUPPORT ON WEEKLY CHARTS, IN YESTERDAYS TRADING SESSION WE SAW A HEAVY WEEKNESS IN MIDCAP & SMALLCAP, 

IN UPCOMNG WEEKS IF MAIN INDEX GIVES ANY NEGATIVE FALL WITH HUGE VOLUME, THE CNX MIDCAP & SMALLCAP CAN BREAK TREND LINE SUPPORT AND IT CAN TOOK IMMEDIATE DOWNSIDE SUPPORT AT PREVIOUS TOPS NEAR 10100 /4650 LEVEL.

SUPPORT AND RESISTANCE LEVELS.
CNX MIDCAP          : 10400 -11100
CNX SMALLCAP    : 4600 -5300

{09.08.2014}

























Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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