WEEKLY MARKET OUTLOOK (18 APRIL 2020)

WEEKLY REPORT 18 APRIL 2020


INDIA VIX  : 

ON WEEKLY CHART, WE ARE SEEING WEEK ON WEEK INDEX HAS GIVING NEGATIVE CLOSES , BUT CURRENT WEEK INDEX HAS TAKING SUPPORT AT 40 LEVELS.WHICH IS SUGGESTING US MARKET HAS LIMITED UPSIDE .

THE LEVEL OF 40 PLAYS AN IMPORTANT ROLE FOR NEXT MOVE.

INDIA VIX WEEKLY


NIFTY 50 SPOT:

INDEX HAS RECOVERED ALMOST 40% FROM THE BOTTOM, ITS LOOKS LIKE INDEX HAS COVERED LOT OF SPACE IN LAST 2  WEEKS.

ON WEEKLY CHART INDEX IS HEADING TOWARDS 9500 LEVEL.THE CHART STRUCTURE IS SUGGESTING US INDEX STRUCTURE IS STILL  NOT GOOD. THE MOMENTUM INDICATOR NOT SUPPORTING TO INDEX.

 RSI IS BELOW 40 ON WEEKLY CHART.

WEEK ON WEEK INDEX HAS GIVEN A HIGHER CLOSES .IN COMING PERIOD WE ARE SEEING LIMITED UPSIDE  INDEX HAS RESISTANCE AT 9500/10000 LEVELS RESPECTIVELY.


NIFTY 50 SPOT WEEKLY

NIFTY BANK SPOT:

WEEK ON WEEK INDEX HAS TRADED IN HIGHER TOP HIGHER BOTTOM  FORMATION AND  VOLUMES ALSO GROWING UP, WHICH IS SUGGESTING  THERE IN DEMAND IN INDEX AND BUYING HAPPENING IN INDEX STOCKS.

BUT SUPPORTIVE MOMENTUM INDICATOR IS STILL BELOW 40 WHICH IS NOT GOOD SIGN FOR INDEX.

INCOMING PERIOD WE ARE SEEING LIMITED UPSIDE AT 21000-21500. UPSIDE IS CAPPED AROUND 21800-22000 LEVELS.

NIFTY BANK SPOT WEEKLY

NIFTY MIDCAP 100 :

ON SHORT TERM WEEKLY STRUCTURE WE SAW INDEX HAS  FAILED TO SUSTAINED THE UPTREND CHANNEL PATTERN AND GIVEN BREAKDOWN AT 17300, THEN WE SAW SHARP FALL  WHERE, WE WERE SEEING SUPPORT AT 14000 WHICH IS LONG  TERM WEEKLY DOWNTREND CHANNEL SUPPORT.

AFTER THE  BREAKDOWN AT 14000 WE SAW HUGE SELL OFF IN INDEX 10750 .
LAST 2 WEEKS INDEX TRADING IN HIGHER TOP HIGHER BOTTOM FORMATION WITH HEAVY DEMAND.RSI ALSO TRADING WITH POSITIVE REVERSAL .THE LAST WEEK INDEX HAS GIVEN CLOSE OF 13046.

THE LEVEL OF 14000 PLAYS AN IMPORTANT ROLE FOR UPCOMING PERIOD.WHICH WILL BE TREND DECIDER OF INDEX.


NIFTY MIDCAP 100 WEEKLY


NIFTY SMALLCAP 100:

LAST 2-3 WEEKS WE WERE VERY BULLISH ON SMALLCAP INDEX.LAST WEEK ALSO WE HAD GIVEN TARGET OF 4000 LEVEL, WHICH WE HAVE ACHIEVED.

LAST 3 WEEKS INDEX HAD GIVEN WEEK ON WEEK HIGHER CLOSES.

IN COMING PERIOD ALSO WE ARE SEEING DEMAND IN INDEX .WE ARE SEEING INDEX WILL BE BREAK THE UPSIDE LEVEL 4400 VERY FAST. 
NIFTY SMALLCAP 100


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