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WEEKLY REPORT


NATIONAL MARKET


Nifty 50 (weekly chart):



Nifty Bank (Weekly chart):


Nifty Bank : Nifty Bank has crossed its important mark of 17000 on weekly basis. On upper side we are having multiple resistances between 17000-17250 levels which will put pressure on index not to cross further upside levels. Next up move we will see only above decisive close of 17250.Till time index will be in range of 16800-17300 for coming week.

Strategy for coming week is to buy around 16800 and sell around 17200-17300.





 


Nifty Midcap: As we alerted in last week that index is in monthly bullish territory above 13250 and will continue its up move till 13850 levels. Last week Index has made a high of 13543.45 and positive momentum will continue in coming week also.

Index is having strong support around 13250/13200 for coming week with stock specific moment.


Nifty Smallcap:   We saw index has crossed its important level of 5690 achieving our last report target on weekly basis In New Year 2016. Index will continue its positive momentum in coming week also. Index is having multiple supports near 5500-5480 levels.

Still index has upside left all the way up to 5800-5900 for coming period.





Dollex 30:   From last few weeks we saw index has trending positively and ended at 3242.70. Compared to main index the Dollex 30 has suggesting positive breath. We are seeing huge demand in index from the level of 3000. The level of 3000/3050 is 200 SMA supports for index. As per long term weekly chart the level of 3270 will play an important role for further upside movement in index. If we see any close above this level index can upsurge up to 3450-3500 levels in coming period. 

Team Ntd Advices to accumulate good quality outperforming stocks at every dip for long term considering Dollex 30.


 



INTERNATIONAL MARKET

Dow Jones:  As mentioned in earlier report Dow Jones Index trading in sideways formation from past few weeks. The Index is holding its downside support area near 17000, very strongly. Last week Index is ended negative with low volume at 17425.03. The short term weekly chart suggests that index is trading in descending channel pattern with range of 17750 -16900. 

In upcoming week we are expecting a narrower range of 17700-17100 with strong resistance of 17800.

{02 JAN,2016}


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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