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WEEKLY REPORT


NATIONAL MARKET


Nifty 50 (weekly chart):



DOW JONES (WEEKLY CHART)


Dow Jones: Last week Dow Jones Index has broken its multiple support levels of 16000, with fresh weekly low of 15751.5. Index has fallen down all the way up to its previous multiple bottoms near 15700.

As per the weekly chart formation Index is currently trading at 15900, with strong weekly support of 200MA & multiple bottoms near 15500. In upcoming period we are expecting index to hold this support level and we can see short term bounce back up to 16500/17000.









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.

{16 JAN,2016}





INTERNATIONAL MARKET
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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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