linkedin facebook twitter gplus

WEEKLY REPORT



NATIONAL MARKETS


CNX NIFTY (WEEKLY CHART)



BANKNIFTY (WEEKLY CHART)


BANKNIFTY: Week on week index has given a negative close of 16897.30 by falling 475 points played major role to drag down main index.

Even Bank Index too firmly holding the level of 16600 as we mentioned in last weekly report. We are continuing with our last week view that Index will not break the level of 16600.

 For coming week we would like to advice to be on long side with stop of 16600 on closing basis and by good blue chip banking stocks for medium to long term.






CNXMIDCAP:  In last week index has made a high of 13400.55 but failed to give close above its monthly resistance of 13250 as mentioned in last weekly report.

Immediate support for index is at 13000/12955, we will continue to see positive momentum in coming week also all the way up to 13775 but this would be profit booking rally, so keep booking profits on every rally and also be with good quality midcap stocks.

CNX SMALLCAP: Last week Index made a high of 5619.60, outperformed other major indices and given a marginally 10 points week on week negative close of 5474.

Positive momentum will continue only above 5510 in coming week too, but we would advice to book on profits all the way up to 5700/5775.
Immediate and strong support on weekly chart is 5270.


 


S&P BSE DOLLEX 30 INDEX

Week on week Index is given a negative close of 3149.61(negative by 65 points) retraced almost more than 90% from recent low of 3128.05.At 3100 we are seeing good support as multiple  previous tops are there from where expect strong  bounce.

 



INTERNATIONAL MARKET


DOW JONES: Finally Index crossed its important and stiff resistance level of 17800 making high of 17900 on weekly chart.

As we mentioned in our last report on crossing resistance level of 17800 Index will open up new upside fresh range up to 18300 levels. We are having bullish outlook on index for coming period.



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.

{05 DEC,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.

Website Maintenance By : Aarav Infotech
All Rights Reserved By ntdtrading © 2016.