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WEEKLY REPORT

Market Pulse

Though Cnx Nifty has given a positive close Cnx Midcap & Cnx Smallcap  not performed relatively this is a  matter of concern, Once 11100/5060 (Resistance points of Cnx Midcap/Cnx Smallcap) crosses will see a sharp up move in market. Till that time we will see Cnx Nifty management.



Cnx Nifty (Weekly Chart) (CMP - 7791.70)



Cnx Banknifty(Daily Chart) (CMP - 15089.65)

  • Cnx Banknifty: for the coming week we are seeing Cnx Banknifty  is in strict trading range of 14800/15300. We will see a new fresh range from these levels.








  • Cnx Midcap: We have Bullish view on Cnx Midcap for coming week with stop loss of 10600 for target of 11500. We will see a momentum above 11100, till that 11100 will work as resistance level.

  • Cnx Smallcap:  We have Bullish view on Cnx Smallcap for coming week stop loss of 4650 for target of 5500.  The level of 5060 is resistance for Cnx Smallcap, We will see fresh buying above this level.

{15.08.2014}

























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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