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WEEKLY REPORT


CNX NIFTY: As cautious alert was given in last week CNX Nifty behaved in same manner with upside capped around 8000 levels. We have also seen almost 300 points volatility as alerted.

Expiry on expiry we have seen a negative close of 7868.50 (earlier was 7948) which will continue negative momentum in coming days also (On expiry basis).

For coming weekly view we are seeing 7700 as a strong support level as well 8000 as a strong resistance level. Any further movement besides these range we will see further 300 points movement in that direction.

For coming week we are not seeing much downside below 7700 level.


CNXNIFTY ( DAILY CHART )



BANKNIFTY (DAILY CHART)
















CNXMIDCAP: This was the 3rd week since we are seeing resistance/supply from the level of 13000/13100. As of now index is holding its important level of 12700. Index is also consolidating between 13000-12650 (350-400 points movements). Any close above 13000 we will see index to touch the level of 13350 in coming week.

Down side is limited for coming week with positive outlook for index by Team NTD.


CNX SMALLCAP: Index is given a close around its resistance / supply levels of 5170/5200. Week on week index is giving positive close showing strength against other indices.

Team NTD is seeing positive momentum to continue in coming week also with limited downside around 5000/5050 levels.

5480 is another level which we are expecting to cross by index in coming week once index crosses the level of 5280 decisively





INTERNATIONAL MARKET

DOW JONES: Week on week index has given negative close of 16314.67. Again index has taken a support at 16000 levels. 16600/16650 is supply area for coming week.

Any break below level of 16000 we will see further panic in index as we are already with negative momentum.

Team NTD is having negative outlook in index for coming week.


{Sept 26, 2015}

























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