linkedin facebook twitter gplus

WEEKLY REPORT


NATIONAL MARKET


Nifty 50 (weekly chart)



Nifty Bank (Weekly chart):



Nifty Bank:  after making low of 16188.05 on last week index managed to touch the level of 16946.10 on this week with low volumes. Multiple supply area is there on upper side around 17200 to 17400 which will keep index below that very well.

Coming week we dont see much upside for index and will see selling pressure around above mention level of 17200 to 17400. Downside is also capped at 16600/16500 for coming week.




 



Nifty Midcap: we saw lots of fancy in index in last week which given a positive close of 13337.35. As of now index has given a positive close above its monthly bullish territory @ 13250, which will give further strength to index for reaching upside levels of 13400/13840 for coming week.

We will see positive momentum to continue in coming week too.



Nifty Smallcap: Same positive movement we saw in small cap index which we will see in coming week too by touching upper levels.

Ahead of year end closing we will see positive momentum all the way up to 5740/5780.

5300 is strong support for coming week. 





Dollex 30:  Week on week Dollex 30 Index has given a positive follow up and week it has ended at 3211.31. As per the weekly chart structure Index is strongly holding 3050 level support. Going ahead 3050 level will play an important role for index to continue in a positive trend.

As per weekly chart structure we seeing 3250 level is the supply level for index, any weekly positive close above this level we can see index to upsurge up to 3400-3500 levels in upcoming week.

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


 




INTERNATIONAL MARKET

Dow Jones: Last week Dow Jones Index has ended positively at 17552.17. From the last few weeks Index is trading in sideways from level of 17900 to downside 17000.

As per weekly chart formation we see Index is facing stiff resistance near 18000 levels. In upcoming week we are expecting to Index trade sideways range in 17900-17000, any positive or negative close either side trend will follow.



{26 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.

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