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WEEKLY REPORT


NATIONAL MARKET    


Nifty 50 (weekly chart):



Nifty Bank (Weekly chart):


Nifty Bank: As mentioned in earlier weekly report Bank Index has acted in same manner. From past two weeks we saw missing of strength in Index last week.
 
Last week we saw more selling pressure in Bank Index and result in fresh low of 13541.25.Going ahead we see 14400 are near term resistance for Index. On long term weekly chart Index has broken its long term 200 Weeks MA support is worrisome for coming period.

In upcoming week we advice to maintain strict stop loss of 13300 for long position and book profit on every rise.   






Nifty Midcap:  As compare to main Index last week Midcap Index has underperformed and it ended negatively at 11518.20. Week on week Nifty Midcap Index has almost close down by 300 points
.
The level of 11100 is an immediate support level for Index. Incoming period we see the levels of 12000 will act as a strong resistance level for Index, any sustainable close above support level we can be see index all the way up to 11900/12200. 



 Nifty Smallcap:  As we mentioned in our earlier report Index has troubling to cross its immediate important level of 4600.Last week we saw huge sell off in index from the level of 4537.65 to downside 4341.20.

The level of 4700 is a stiff resistance for index. Going ahead we see 4300 level will play an important role for fresh move in Index. We advice to maintain a strict stop loss of 4000 levels for all long positions.
  
We advice to book profit on every rise and avoid bottom fishing at current.




Dollex 30: week on week DOLLEX 30 Index has ended negatively at 2765.64. Last week index made a low of 2748 but it manage to sustain close above its support level of 2700/2600.

In upcoming week we see resistance near 2800 levels any close above this we can see fresh upsurge in Index up to 2900/3050.

We at Team NTD seeing a very good opportunity for long term Investors to accumulate good quality stocks In SENSEX INDEX for good returns in coming period.





INTERNATIONAL MARKET


Dow Jones: Last week as we mentioned we have achieved our 1st target of 16750 in Dow Jones. After testing low of 15503.01 Dow Jones Index has managed to close above its long term strong support level of 15450 level and Index made fresh high of 16795.63.

As per the weekly chart formation Index has broken its narrow trading range of 16600-15500 and it ended positive at 16639.97.  In upcoming week 16400 levels will play an important role for Index to give fresh upsurge up to 17000/17200.




{27 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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