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WEEKLY REPORT


NATIONAL MARKET


Nifty 50 (weekly chart):



Nifty Bank (Weekly chart):


Nifty Bank :Even Bank Index also reversed from 17000 levels as mentioned in last week report. Index has also breaks its immediate range of 16800/17300 with breaking its major support of 16580 on weekly basis.

On monthly chart there are two levels (i.e.15740/15240) which is not ruled out in coming period.

Index is in sell mode all the way up to 17000 for downward levels of 15240/15000.






Nifty Midcap:  Last week Index made a high of 13638.25 with stock specific movement and reversed all the way up to 13288.70 (Its monthly bullish territory level).Weekly chart suggests reversal in Index, any decisive close below its monthly  bullish territory (i.e.13250/13200) index will turn in to negative sentiments.

Break below its monthly bullish territory index may touch the level of 12580.Advice is to book profit on every rise and be very selective on specific stocks with very good fundamentals at every decline.



Nifty Smallcap:   Index has almost reached its target level of 5800 (making high of 5758.15 in last week).Index has given a weekly reversal with huge profit taking sentiment. Though Index has managed to hold its multiple support of 5500/5480 on weekly charts, we advice to book profits in related stocks.

Any break below its multiple support level of 5500/5480 index can go up to 5270/5250 levels in coming period.

We are having negative outlook in index for upcoming week.




Dollex 30:  Last week Index has reversed from the level s of 3232 to downside and ended negatively at 3065.90, almost near to its multiple support levels of 3050/3000.As per weekly chart structure index has made a lower top lower formation pattern.

Team NTD is advising to accumulate good quality outperforming stocks in falling market at previous multiple supports around 3000 levels with stop of 2900 for long term.





INTERNATIONAL MARKET


Dow Jones:  Last week Dow Jones Index has broken its Descending channel strong support level of 17000 and index fell almost 650 point downside from support. As per the current weekly close line chart structure we see Index has touched its pervious multiple bottom support near 16300 /16340.

In upcoming week we are expecting Index to hold its multiple bottom support near 16300/16000 and we can see a short term bounce back in index up to 16900. For coming week we advice to maintain strict stop loss of 16000.





SHANGHAI-COMPOSITE: From the few weeks we saw huge panic in Shanghai composite from its recent top of 3685 level. Last week index has fell down sharply from the level of 3500 to downside 3115.  As per the current chart structure Index is showing strong multiple supports near 3000/3050 level.

The weekly rising 100/200 SMA suggesting a huge positive indication for bounce back in Index up to 3600/4000 in coming period.


{09 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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