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WEEKLY REPORT


REVERSAL OF INDIA VIX FROM THE LEVEL OF 22 ??...MARKET WILL RESUME WITH UPTREND SHORTLY  ????


CNX NIFTY (DAILY CHART)



INIDA VIX (DAILY CHART)


INDIA VIX: Team NTD wants to alert you that after touching high of 21.91, India VIX has given a reversal with negative divergence on daily charts from last couple of days suggesting volatility to cool off more in coming week. It has taken support at the level of 19, below which the level of 18 and 14.50 not ruled out which will help market for base building for an uptrend.

In near term team NTD dont see Index to cross the level of 22.

Earlier report date 12 May 2015 we had mentioned that Investors can invest in Blue Chips when India Vix touches the level of 22.  

Invest in Blue Chips...Please refer to the below link
http://ntdtrading.in/research-desc.php?pageid=470



BANKNIFTY: Last week Index has made high of 18260.30 with lots of struggle after crossing its important level of 18050.Team NTD see Index is in broader range of 17500/18400, to get the direction of index we need break of these levels on either side.

For coming week we will see range bound movement in index as above mention range. 

CNXMIDCAP:
After maintaining its important level of 12500 on closing basis index has given a week on week positive close crossing another major reversal level of 12800.

Team NTD is bullish on Index as we see limited downside up to 12550 with fresh new upside above 13050. 

CNX SMALLCAP: Compare to CNX Midcap, Index has not yet crossed its major reversal level of 5600 on weekly charts. Though week on week index has given a marginal positive close at 5424.10 we need decisive close above 5690 for further fresh up move.

Team NTD see limited downside in index up to 5270/5250.

{May 16,2015}

























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