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WEEKLY REPORT


NATIONAL MARKET    


NIFTY 50( Weekly Chart):



DOLLEX 30 (Weekly chart)


DOLLEX 30

From the last few weeks compared to main Index we saw positive strength in Dollex 30. The Index has holding its multiple support levels of 3000 very strongly.

Last week Index has ended positively near 200 Weeks SMA support and suggesting strong positive breath compared to other Index. As per the long term chart structure we dont see index to go below 2900 level.   The short term market trend is showing lower top & lower bottom formation but larger market structure suggesting good accumulation opportunity in concern of Dollex 30.

Team Ntd Advices to accumulate good quality outperforming stocks at every dip for long term.





INTERNATIONAL MARKET


As we mentioned in our earlier report dated Nov 28, 2015, Dow Jones has Exactly given downward reversal from its stiff resistance level of 17800 and last week it has broken its weekly support level of 17200.

Currently index is trading near 17128 levels, 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.    

{19 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.

























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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