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WEEKLY REPORT

HUGE VOLATILITY ON BOTH SIDES...CONTINUE TO REMAIN!!!


Expecting a super bull run in Chinese markets


Expecting a super bull run in Chinese markets...charts suggest so...major upsurge expected there...Shanghai closed today at 2341.18.we are not expecting it to go below 2200 and expect 3000...we have got a super power bullish view ...may be a stimulus in offing. Ntd team has always been ahead of times in predictions of major upswings and downswings..Brent oil crash and Dow crash are the recent examples.

http://ntdtrading.in/research-desc.php?pageid=315

(We at NTD first to mentioned  that Chinese market is in super bull run . After giving a buy call on Shanghai Composite Chinese Government has declared monetary Stimulus up to 200 billion Yuan.) 

REPORT: China's Central Bank Unleashes Stimulus | Business Insider India - http://www.businessinsider.in/REPORT-Chinas-Central-Bank-Unleashes-Stimulus/articleshow/44854416.cms

We see Shanghai Composite is in a multiyear super bull run with strong support at 2200 with target of 2650/3080. We see 50 percent upside from this level. it has broken its multiyear triangle breakout at 2250 with higher top & higher bottom formation.

Shanghai Composite is trading above its multiyear December end close, We are two months to go for 2014 December end close. We are also expecting a new fresh  high in December 2014.
    
  • Here is the statistics
December 2011 Closed at  2199.42
December 2012 Closed at 2269.13
December 2013 Closed at 2115.98

  • ADX- On monthly chart ADX Indicators is showing strong bull power.


Shanghai Composite (Monthly Chart)



Banknifty (Weekly Chart)

BANKNIFTY: As we mentioned last week Banknifty hold its support level of 15200 and made high of 15973.50. Banknifty is in broader range of 15450/16300.

Last week Banknifty outperformed CNX Nifty and give a positive close of 15929.8. Strategy for the coming week should be buy on dips near 15500 for target of 16200/16300.







CNX MIDCAP:
Last week CNX Midcap given a close of 11070.75 almost near its support level as it is still in supply zone.

We are continue with our target of 10800 in CNX Midcap.

For the coming week CNX Midcap should be in range of 11300/10800.

CNX SMALLCAP:
As we mentioned that CNX Smallcap is in supply zone with lower tops & lower bottom formation. CNX Smallcap given a  100 point negative close at 4805.75.

We are continue with our target of 4700/4600 in CNX Smallcap.


{18.10.14}

























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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