INVEST AT RIGHT TIME ( 11 APRIL 2020)

WEEKLY REPORT (11 APRIL 2020)


INDIA VIX:

LAST WEEK WE SAW INDEX HAS MADE DOJI CANDLE BUT GIVEN NEGATIVE CLOSE WHICH SUGGESTING US MARKET WILL  BE RALLYING UPSIDE LEVELS .
CURRENTLY INDEX TOOK SUPPORTS OF 48 LEVEL,  WHICH PLAYS IMPORTANT ROLE FOR NEXT WEEK.

ANY BREAKDOWN BELOW THIS LEVEL WE WILL BE SEEING 40-38 LEVEL.

INDIA VIX WEEKLY CHART


NIFTY 50 SPOT:

AS WE MENTIONED IN OUR PREVIOUS  REPORT INDEX HAS NOT BREAK LOW AND NOT BREAK HIGH TOO OF PREVIOUS WEEK AND CURRENT WEEK WE SAW HUGE UPSURGE IN INDEX AND INDEX HAS GIVEN BREAK OUT  OF  LAST TWO WEEKS HIGH AND ENDED AT 9111.90.

THE CURRENT CHART STRUCTURE SUGGESTING US INDEX HAS HEADING TOWARDS 9400 LEVELS. ANY BREAKDOWN ABOVE THIS LEVEL, WE WILL BE SEEING INDEX ALL THE WAY UP TO 9800-10000.

THE MOMENTUM INDICATOR ALSO GIVEN POSITIVE DIVERGENCE.

NIFTY 50  SPOT WEEKLY CHART

NIFTY BANK :

AS WE MENTIONED  IN OUR PREVIOUS WEEKLY REPORT , INDEX HAS TARGET OF 20000 AND CURRENTLY WEEK WE SAW INDEX  HAS BOUNCE BACK ALMOST  0.236% OF PREVIOUS FALL .

IN UPCOMING PERIOD ANY BREAK OUT ABOVE 20000 LEVEL WE WILL SEE INDEX ALL THE WAY UP TO 22000 , WHICH MOVE WILL BE VARY FAST AFTER BREAKOUT.
 
 
NIFTY BANK WEEKLY CHART

NIFTY MIDCAP 100: 

AFTER ACHIEVED TARGET OF 12500 INDEX FACING RESISTANCE NEAR  ITS LEVEL   OF 12580 WHICH IS ALSO RETRACEMENT LEVEL OF 0.236 (PREVIOUS FALL).

LAST WEEK WE SAW  INDEX HAS GIVEN POSITIVE BIG BULL CANDLE WITH VOLUME . SO WE ARE EXPECTING INDEX WILL  BREAK  ITS 12600 LEVEL AND IT IS HEADING TOWARDS 13000/13500 LEVEL.

NIFTY MIDCAP 100 WEEKLY CHART


NIFTY SMALLCAP 100:

LAST WEEK WE SAW HUGE UPSURGE IN INDEX .INDEX HAS GIVEN POSITIVE CLOSE WITH VOLUME.

CURRENTLY INDEX HAS RESISTANCE NEAR 3950 LEVEL. WHICH IS PLAYING IMPORTANT ROLE FOR FURTHER UPSURGE OF THE LEVELS OF 4000/4400.

THE MOMENTUM INDICATOR  ALSO  TURN POSITIVE FROM OVERSOLD ZONE.

NIFTY SMALLCAP 100 WEEKLY CHART


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