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WEEKLY REPORT

BUY BRAZIL BOVESPA...BYE BYE BEARISHNESS

BRAZIL INDEX BOVESPA (BVSP)



From last two weeks we are seeing BOVESPA is outperforming  by giving week on week positive close at 50635.35.We are seeing money are flowing into Brazil as part of base formation. We at team NTD alert you to that we are seeing a huge upsurge in BOVESPA in coming period.48500 is a major base level in BOVESPA. In coming period we can see Brazil to outperform all emerging markets.
 
Brazil is consolidating for the 8 weeks and has moved out positively. We see a major shift in emerging market and money moving towards Brazil.




CNXNIFTY (Weekly Chart)



Banknifty (Weekly Chart)

BANKNIFTY VIEW FOR THE WEEK


BANKNIFTY has taken a major support near last month low of 18211 after huge profit booking on upper levels of 20450.

For coming week we see support at 18750.We advice to buy BANKNIFTY as we see index to outperform in coming week also.

THE TREND WOULD BE BULLISH TILL THIS EXPIRY AS THERE IS HUGE SHORTS IN THE SYSTEM AFTER AAP CAME TO POWER IN DELHI.


CNXMIDCAP VIEW FOR THE WEEK


After breaking its last week low of 12714 CNXMIDACP has given a positive weekly close of 13100.80.
For coming week we are seeing 13280 as important resistance levels. Any decisive close above this level We may see the levels of 13750.



CNX SMALL VIEW FOR THE WEEK


Even CNX SMALLCAP has also given a positive weekly close of 5550.
For coming week 5250 is a major support level in CNX SMALLCAP. We also see CNX SMALLCAP to touch the level of 5725 in coming week.




USDINR & BRENT CRUDE


Bottom Line: After giving a negative close of 61.70 last week, demand stretched up to the supply level of 62.25/62.30 in USDINR. Huge supply seen from exporters from the levels of 62.45 up to 62.05.

In BRENT CRUDE demand continues as mentioned last week. Supply at the levels of 65/67$ may not ruled out.

USDINR Outlook: Huge supply seen at levels of 62.45/62.25. Upside is capped at these levels.

For coming week we may see demand at 61.85/61.70 levels and supply near 62.30/62.50 levels.

BRENT CRUDE Outlook: Last week we saw a fresh demand at the levels of 52/54$ in BRENT CRUDE. New base has been formed at these levels for short term.

For coming week we may see supply at the levels of 65/67$.


Global Currency


DOLLAR INDEX: As mentioned earlier DOLLAR INDEX is still in huge supply at the level of 95, and also given a negative close of 94.24.For coming period 93.40 is a important level to watch and any decisive weekly close below this level we can see DOLLAR INDEX to touch the level of 91 in near term.

EUR/USD: After forming of base near 1.11/1.1090 EURUSD is showing demand at 1.1280 levels. For coming week 1.1440/1.1535 are important levels to watch. Any decisive close above these levels we can see huge upsurge in EURUSD up to 1.18 levels.

USD/JPY: Last week USDJPY has made a high of 120.52 after hitting a low of 115.82 last month. Week on week USDJPY has given a negative close at 118.74 with huge supply on upper levels. 116.65 is important level on lower side. Upper side is capped at the levels of 120/120.60.Any break below 116.65/115.50 we will see sharp fall in USDJPY up to 112/112.50.


USD/RUB:
We have achieved our target of 65 in USDRUB given two weeks back. For coming period also we are not seeing any demand in USDRUB on upper levels. USDRUB is in supply from the levels of 72. Upside is capped at the levels of 67/70.For coming period the levels of 58 may not ruled out for USDRUB.


Precious Metals
GOLD VIEW FOR THE WEEK


After reaching the levels of 1280$ GOLD is in correction mode and retraced almost the 61.8% FIB level at 1215$.

We see 1205/1200$ level are strong support level. Any decisive close of 1246/1250$ we can see the levels of 1350/1365$ in near term.


SILVER VIEW FOR THE WEEK


Same correlation is seen in SILVER also, that after reaching the levels of 18.50$ it has touched the FIB level of 61.8% at 16.65/16.55$.

In fact SILVER has given an early positive reversal than GOLD and given a weekly positive close of 17.33$.

18.50/19.50$ is major resistance in near term. Any decisive weekly close above these levels we can see SILVER to touch the levels of 21.50$ in near term. 16.50$ is a strong support in coming week too.



US MARKET
  DOW JONES VIEW FOR THE WEEK

Dow has crossed its important resistance level of 17830 on weekly charts and given a positive close of 18019.

We see DJIA to touch the level of 19000 in near term. 17800 is a major support we are seeing for coming week.

{14 Feb 2015}

























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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