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WEEKLY REPORT


THERE  IS SECTOR ROTATION HAPPENING & PROFIT TAKING IS ADVISED  AT EVERY HIGHER LEVELS,  RISK REWARD IN FAVOUR FOR BUYING METALS & SHIPPING STOCKS.
 Great opportunity to buy metals & shipping stocks as it is available at very good risk reward ratio. After Brent Oil Crash report this is an exclusive report on Metal and Shipping stocks from team NTD.


CNX METAL INDEX (Weekly Chart)



Banknifty (Weekly Chart)

BANKNIFTY:  Finally we have achieved our immediate target of 17800 in Bank nifty (Mentioned in weekly report dated 23.10.2014) and made high of 18139.95.

For the coming week also uptrend in Banknifty is to continue, but we advice to book your profits on every rise .   



 




CNX MIDCAP:
After giving a breakout at 12000 levels CNX Midcap is in strong uptrend and we are continue with our target of 13650. Any fall around 12000 levels is good levels to enter in CNX Midcap.

For the coming week 12000 is good support level in CNX Midcap.    

CNX SMALLCAP: Last week CNX Smallcap made a week on week high of 5383.60 and given close of 5229.90. CNX Smallcap is still not performing compare to CNX Midcap. 5150 is a good support level in CNX Smallcap.

Monthly closing of 5389.40 is very important level in CNX Smallcap. Any monthly close above this level we will see a sharp up move upto 5700 in CNX Smallcap.


  

GOLD:  Week on week gold has given a positive close of 1200.90 after making a high of 1207.60.
We are continue with our target of 1230/1235 in near term and 1185/1180 is good support level in gold for coming week. 
 
SILVER: After giving bullish weekly reversal silver has made a high of 16.60 and given a close of 16.40.

We are continue with our target of 17.40/17.80 in near term and 16.10/16.00  is a good support level for coming week.

 



US MARKET

Dow Jones made a fresh new high of 17893.50 and given a close of 17810.6.

For the coming week also uptrend is to continue and we will see a target of 18400 in near term (As we mentioned in our weekly report dated 01.11.2014).



CHINA MARKET

Shanghai: As we mentioned in our weekly report dated 18 Oct 14, Shanghai is in super Bull Run with higher top & higher bottom formation and given a highest weekly close of 2487.11.

Last week China's central bank cut interest rates unexpectedly on Friday, (We at NTD predicated few  weeks ago that some growth related steps to be taken by China Government)

Expecting a super bull run in Chinese markets
http://ntdtrading.in/research-desc.php?pageid=318



Baltic Dry (BADI) UK MARKET

Last week Baltic dry Index has given a weekly bullish reversal and given a close of 1324. For the coming week we are seeing that Index to continue outperform upto 1428 in near term and all the way upto 2277.

Impact of this Index upsurge  will be on all shipping stocks in our Indian market.

We at NTD also advice to accumulate good quality shipping stocks for near to medium term for good returns.

{22.11.2014}

























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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