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WEEKLY REPORT


NATIONAL MARKET


Nifty 50 (Daily chart):



DOW JONES (WEEKLY CHART)


Dow Jones:  After two week on week consecutive positive close last week Dow Jones Index has not able sustain above its earlier weeks top of 16400, and it given downward reversal with negative weekly close of 16204.97.

As per the short term weekly price chart index is consolidation in descending channel pattern in range of 18200-15450 and earlier week Index has tested support of channel lower level and 200 weeks ma near 15700.

 In upcoming period we at team NTD expecting index hold its long term weekly 200 MA support near 15700 and Index to trade in narrow range of 16600-15500.  Any positive close above 16600 levels will open up fresh upside in Index up to 17000/17200.





previous week report (http://ntdtrading.in/research-desc.php?pageid=643)

{06 FEB,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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