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WEEKLY REPORT


NATIONAL MARKET


Nifty 50 (weekly chart):



Nifty Bank (Weekly chart):


Nifty Bank: As Team NTD mentioned in last report index has maintained its important mark of 15000 on closing basis by giving weekly reversal.

Coming period we are seeing index to cross the level of 16200/16800, so avoid any short ideas and try to find buying opportunity in any fall with SL of 14700 for target of 17000.









Nifty Midcap:  As alerted last week, below its monthly bullish territory of 13200/13250 sentiment of index was negative which encouraged bears to break its important mark of 12000 but failed to give close below this. Week on week index has given negative closed by underperforming major other indices. 
 
We at Team NTD advice you to avoid shorts on immediate basis and try to book on every rallies and switch to other quality stocks (Fundamentally Strong) which are available at attractive levels.

Coming period we are seeing index to touch the level of its monthly bullish territory of 13200/13250 first before any fresh new fall, so traders trade accordingly with strict Stop Loss.


Nifty Smallcap:   week on week index is negative by 100 points by making new immediate low of 4707.25 but index has given recovery of almost 200 points from low and given close of 4899.10.

On immediate level index has completed its fall so avoid any short ideas and keep booking on every rally and be with quality stocks (Fundamentally Strong) which are available at attractive levels.

Coming period we are seeing index to touch the level of 5270 and any decisive close above this level we may see further upside up to 5480/5500.



Dollex 30: Last week Index has made a low of 2872.38 maintaining important support level of 2815.62 (DEC CLOSE OF 2013) so this is the best opportunity to enter in market with long term view of 3-5 years.

As per DOLLEX 30 avoid any fresh shorts and find good quality stocks at every decline.






INTERNATIONAL MARKET


USDINR -On daily charts pair has given reversal but maintaining its important support level of 67.50. Any decisive close below this level we may see further fall in pair all the way up to 67.25 to 67.10.

Upside is capped around 67.80 levels on closing basis as we do not see any rise in pair for coming week.    



Dow Jones:  As mentioned in our last weekly report dated January 16, 2016, Index has acted in same manner. Last week Index has ended with positive hammer candle pattern at 16093.51.

As per the weekly chart formation, 15450 will act as a strong support for upcoming period. Going ahead in coming week if Index holds 16093.51 levels positively will be an early indication for fresh upside up to 16400/17000.



Crude Oil:   On daily charts crude has given a positive weekly reversal which is an early indication of fresh immediate upside up to 37$ to 40$ which will be very fast.

Any decisive and sustainability above this levels we may see prices to touch the levels of 53$ to 55$ in coming period.



Nasdaq Composite:  Last week Index has ended positively near its previous bottom support level at 4247.50. As per the weekly closing line chart, Index is holding 100 weeks SMA near 4150 level very well.

For the upcoming week we are expecting Index to hold 4150 support level and we can see index to bounce back up to 4500 level.





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.

{23 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.

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