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WEEKLY REPORT


Nifty 50:  Finally we have broken all the supports of previous expiry low levels (i.e. 7714.15 / 7691.20, Oct/Nov Expiry lows) in last week indicating fresh new downside in coming period is due. The formation of Index still shows lower top & lower bottom formation on weekly charts. As far as this formation continues all rallies would be sell off.

On account of global sell off we may see weak opening on Monday. Advice would be sell on rallies and to avoid bottom fishing as we could see breaking of previous low (i.e. 7539.50).



WEEKLY INDICES



Dow Jones (Weekly Chart)


Dow Jones: Earlier weeks we saw positive momentum in Index with fresh of 17977.85. The weekly chart structure is showing supply from the level of 18000, as per short term chart formation index is suggesting range bound manner in range of 18000 �" 16800.

Going ahead we are expecting index to trade in lower top lower bottom formation till the downside 16800/16400 for coming period. Week on week index will continue to face stiff resistance near 17800/18000 levels.
    



(Dec 12,2015)

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.

























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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