WEEKLY INDEX ANALYSIS (25 APRIL 2020)

WEEKLY REPORT


INDIA VIX :

AS PER WEEKLY CHART , WE SAW  INDEX HAS ALMOST CORRECTED 61.8% FROM THE TOP AND CURRENTLY  TRADING AT SUPPORT  LEVEL OF 39.

THE ADX INDICATOR IS TRADING STRONGLY , ANY BREAKDOWN BELOW 39 LEVEL WE WILL  BE SEEING INDEX ALL THE WAY UP TO 35-30 LEVEL.

RSI ALSO SLOPPING DOWN SIDE AND TRADING BELOW 60 LEVEL WHICH IS SUGGESTING US INDEX IS STILL  AT CRITICAL  LEVEL AND DOWNSIDE  IS STILL DUE.

INDIA VIX WEEKLY

NIFTY 50 SPOT :

AFTER  BOTTOM OUT AT 7511 WE SAW POSITIVE REVERSAL AND  MADE  A HIGH OF 9385.

LAST WEEK WE SAW INDEX MADE A HIGH OF 9385  BUT NOT SUSTAIN THIS HIGH AND  ENDED NEGATIVELY AS COMPARED TO PREVIOUS WEEK.

CURRENTLY INDEX HAS TRADING AT SUPPORTIVE UPTREND CHANNEL  AND HAVING NEXT SUPPORT AT 8900.INDEX  IS STILL STRUGGLING FOR UPSIDE MOVE.IN COMING WEEK  INDEX WILL BE IN SIDEWAYS MOVE.

THE MOMENTUM INDICATOR ALSO TRADING WEAK, WHICH SUGGESTING US INDEX HAS LIMITED UPSIDE.

NIFTY 50 SPOT WEEKLY


NIFTY BANK SPOT:

AS COMPARED TO LAST WEEK INDEX HAS MADE A NEW HIGH BUT NOT SUSTAINED ITS HIGHER LEVEL  AND THEN WE SAW  SELL OFF IN INDEX AND ENDED AT 19586,BUT INDEX HAS NOT BROKEN PREVIOUS WEEK LOW.

INDEX HAS SUPPORT NEAR 19200 LEVEL, BUT THE MOMENTUM INDICATOR NOT SUPPORTING TO INDEX FOR ANY UPSIDE MOVE.21200-21500 IS STRONG RESISTANCE FOR INDEX.


NIFTY BANK SPOT WEEKLY

NIFTY MIDCAP 100:

AFTER BREAKDOWN OF LONG DOWNTREND CHANNEL, WE SAW HUGE SELL OFF IN MIDCAP AND  IT HAS BOTTOM OUT AT 10750 LEVEL, AND GIVEN UPSIDE REVERSAL.

LAST WEEK INDEX AGAIN TESTED ITS CHANNEL BREAKDOWN LEVEL BUT NOT CROSSED THIS LEVEL AT  13350.AND ALSO INDEX NOT BREAKDOWN PREVIOUS WEEK LOW WHICH SUGGEST US SIDEWAYS MOVE.

MOMENTUM INDICATOR ALSO NOT SUPPORTING TO INDEX ANY MOVE EITHER SIDE WILL TAKE THE MOMENTUM IN INDEX.BUT STILL INDEX HAS WEAK.

NIFTY MIDCAP 100 WEEKLY


NIFTY SMALL CAP 100:


LAST WEEK INDEX HAS MADE A NEW HIGH BUT NOT ABLE TO SUSTAIN THIS POSITIVE RALLY AND GAVE A NEGATIVE CLOSE .

CURRENTLY INDEX IS STRUGGLING FOR FURTHER UPSIDE RALLY ,IN COMING PERIOD WE WILL BE SEEING SIDEWAYS MOVE IN INDEX.


NIFTY SMALL CAP 100 WEEKLY


Comments

Post a Comment

Popular posts from this blog

HEIDELBERG CEMENT READY FOR BLAST ( CMP: 196) DATE: 18 OCT 2022

Image
READY TO BLAST ...BREAKOUT STOCK FOR SHORT TERM AND INVESTMENT STOCK FOR LONG TERM   The stock is trading in an uptrend with higher highs and higher lows, according to the long-term chart. Investors have the chance to buy shares at a discount in order to build their long-term portfolios. The stock has a rounding bottom pattern and is currently trading at 195 levels. It also has support at the 50 DMA and 200 DMA, which are both at 194 levels. The stock is poised to soar, and any breakout above 217 levels can soon reach 300 levels, according to the volume spikes we are currently witnessing. Fundamentally, cement sector stocks, Smallcap Company.   PE = 19  PB =3  ROCE= 21 ROE= 16.5 Debt is negligible in comparison to reserve 206 cr.
Read more

WTI CRUDE OIL AT 20 YEARS LOW (20 APRIL 2020)

Image
WTI CRUDE OIL  AT 20 YEARS LOW (20 APRIL 2020) MONTHLY ANALYSIS AS WE ARE SEEING CRUDE HAS BEEN TRADING   DOWN SINCE LAST 4 MONTHS AND WE SAW IT HAS REACHED 20 YEARS LOW AT 17.30$ . AFTER TOUCHED THE LEVEL OF 17.30$ WE SAW LIMITED UPSIDE TILL 29.50$. BUT IT HAS AGAIN   DROOPING DOWN AND CURRENTLY TRADING AT   OF 22.60$. MOMENTUM INDICATOR ALSO TRADING   WITH NEGATIVE DIVERGENCE , WHICH IS SUGGESTING US THIS RISE IS LIMITED . THE INDEX HAS TRADING WITH LOWER TOP LOWER BOTTOM FORMATION, THE LEVEL OF 17.30$ WILL PLAYS AN IMPORTANT ROLE IN COMING PERIOD ANY BREAKDOWN BELOW THIS LEVEL WE WILL BE SEEING INDEX ALL THE WAY UP TO 14$-12$-10$ RESPECTIVELY . CRUDE OIL MONTHLY CRUDE OIL MONTHLY HISTORICAL DATA WEEKLY ANALYSIS ON WEEKLY CHART ALSO INDEX IS TRADING WITH LOWER TOP LOWER BOTTOM FORMATION. AFTER WE SAW CHANNEL BREAKDOWN AT 43$ LEVEL  HUGE SELL OFF HAPPENED INDEX.AND CURRENTLY INDEX TRADING AT I...
Read more