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WEEKLY REPORT

EUPHORIA IS ON IN MID & SMALLCAP, TIREDNESS IS OBSERVED IN LARGECAPS, ADVICE TO MAINTAIN STRICT TRAILING STOP LOSS.




CNXNIFTY (WEEKLY CHART)



CNXMIDCAP (WEEKLY CHART) (The study is based on Andrew Pitchfork Indicator)

CNX MIDCAP: Last week CNX Midcap made all time high of 12812.35 and given a week on week positive close of 12667.80. Team NTD observes that fancy in Midcap/Smallcap will remain intact in near term also.

We advice to build your portfolio in CNX Midcap (Where risk reward is in favour) with trailing stop loss of 12200.We are also continue with our target of 13650 in medium term.





CNX SMALLCAP: After three weeks of consolidation finally CNX Smallcap breaks the important level of 5389.40 and made high of 5396.10. As we discussed the resistance level of 5280 on weekly charts is crossed by CNX Smallcap last week and given weekly positive close of 5344.50.

5389.40 is very crucial level in CNX Smallcap as we are seeing some resistance at this levels, once if it crosses this important level decisively we will see a huge upsurge up to 5700 levels.




GOLD: Last week Gold has given a weekly bullish reversal crossing previous week high of 1204.50 and given a weekly positive close of 1192.50.
 
We are seeing that Gold has bottomed out at the levels of 1170 (On weekly closing basis), 1202 is a important level as it was a close of December 2013.

We need a weekly decisive close above the level of 1202 for further up move and one can see target of 1280/1285 in near term. 
 


SILVER: Last week silver also given a weekly bullish reversal crossing previous week high of 16.75 and given a weekly positive close of 16.29.

For the coming week we have to watch the level of 15.50 closely (On weekly closing basis).

We are seeing range of 15/16.50 for coming week.





US MARKET

The uptrend in Dow Jones is intact, Week on week Dow Jones given highest close of 17958.79.  We are continue with our target of 18400 and 17350 is the trailing stop loss.





CHINA MARKET

Shanghai: After achieving team NTDs first target of 2650 in Shanghai Composite it has made a fresh new high of 2976.30 and given a close of 2938.78.

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




''In a span of four months we generated two super hit complex asset class predictions with perfect timings'' Thanks to team Ntd Charan More, Deepak Bhoj & Nilesh Dedhia.

{06.12.2014}

























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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