WEEKLY OUTLOOK 01 MAY 2020

 MAHARASHTRA DAY 


INDIA VIX WEEKLY:

AS WE HAD MENTIONED IN OUR LAST REPORT INDEX  WILL FALL TILL 35-30 LEVEL. WE WANT TO CLEAR THAT INDEX HAD ACHIEVED  FIRST TARGET OF 35 AND CURRENTLY TRADING AT 33.98 AFTER MADE A LOW OF 31.48.

ON WEEKLY CHART INDEX HAS STRONG SUPPORT NEAR 30 LEVEL WHICH IS SUGGESTING US MARKET HAS LIMITED UPSIDE AND WE WILL BE SEEING AGAIN SELL OFF INDEX.

INDIA VIX WEEKLY



WEEKLY ANALYSIS NIFTY 50

AS PER WEEKLY CHART STRUCTURE INDEX IS TRADING IN UPTREND SUPPORTIVE CHANNEL.WE HAD ALREADY MENTIONED IN OUR PREVIOUS WEEK ALSO ,INDEX HAS RESISTANCE AT 10000 LEVEL.ON THE DAY OF EXPIRY INDEX OPENED GAP UP AND MADE A HIGH OF 9889 BUT NOT BREAK THE LEVEL OF 10000. AND CURRENTLY  STRUGGLING AT 9970 WHICH IS 50% RETRACEMENT LEVEL OF PREVIOUS FALL.

IF WE CO -RELATE INDEX WITH INDIA VIX  , WE ARE SEEING INDEX HAS LIMITED UPSIDE AND WILL BE STRUGGLE  AT 10000-10300 LEVEL.

THE ADX INDEX IS SUGGESTING OVER BUYING HAPPENED IN NIFTY INDEX.
ANY REVERSAL FROM THE LEVEL OF 10000, WE WILL SELL THE NIFTY FOR THE TARGET OF 9500-9300 WITH STRICT  STOP LOSS OF 10300.


NIFTY 50 WEEKLY

MONTHLY ANALYSIS NIFTY 50

AFTER BOTTOM OUT AT 7511 AT THE MONTH OF MARCH ,WE SAW DEMAND IN INDEX IN THE MONTH OF APRIL .INDEX TAKEN SUPPORT OF 100 MA AT AROUND 8500 AND MADE A HIGH OF 9889 BUT NOT ABLE TO BREAK THE LEVEL OF 10000.

CURRENTLY INDEX HAS A RESISTANCE OF 50 MA AT  10200 LEVEL ANY BREAKOUT ABOVE THIS LEVEL , WE WILL BE SEEING INDEX ALL THE WAY ABOVE 10600-10800.
THE MOMENTUM INDICATOR ALSO SLOPING UPWARD FROM OVER SOLD ZONE WHICH IS SUGGESTING  US DEMAND IN FUTURE FOR INDEX.



NIFTY 50 MONTHLY

NIFTY BANK WEEKLY:

LAST WEEK WE SAW MORE THAN  2000 POINTS UPSIDE RALLY  IN INDEX FROM ITS LOW.CURRENTLY INDEX IS TRADING IN UPTREND CHANNEL. ON WEEKLY CHART INDEX HAS RESISTANCE AT 22400 WHICH IS ALMOST 38.2% OF PREVIOUS FALL .
THE MOMENTUM INDICATOR STILL  NOT IN STRONG ZONE. RSI IS TRADING BELOW 40 LEVEL AND ADX IS STILL LOOKS OVER BOUGHT.WHICH IS  SUGGESTING   US  INDEX HAS LIMITED UPSIDE.

IF ANY NEGATIVE REVERSAL THERE IS DOWNSIDE POSSIBILITIES OPEN IN INDEX TILL 20000.

ANY  DOWNSIDE REVERSAL  FROM UPSIDE  LEVEL OF 22400-22500 WE WILL SELL THE INDEX FOR THE TARGET OF 20500-20000 LEVEL.

NIFTY BANK WEEKLY 


NIFTY MIDCAP 100 WEEKLY:

LAST WEEK WE SAW HUGE DEMAND IN INDEX AND IT HAS MADE A HIGH OF 13598.35.INDEX TRYING TO TOUCH 38.2% RETRACEMENT LEVEL OF PREVIOUS FALL AT 13760 WHICH WILL BE  PLAYS AN IMPORTANT ROLE FOR COMING PERIOD.

INDEX HAS BASE SUPPORT NEAR 12600 LEVEL BUT THE SUPPORTING INDICATOR STILL IN CRITICAL  ZONE AND INDEX HAS MULTIPLE RESISTANCE AT 13760-14000 LEVEL.

IN COMING WE WILL BOOK PROFIT ON EVERY RISE.

NIFTY MIDCAP 100 WEEKLY



NIFTY SMALL CAP 100 WEEKLY:


EVEN IN SMALL CAP INDEX ALSO , INDEX GIVE A POSITIVE CLOSE BUT NOT ABLE TO BREAK PREVIOUS WEEK HIGH AND NOT BREAK ITS PREVIOUS WEEK LOW TOO.WHICH IS SUGGESTING US INDEX HAS STRONG RESISTANCE AT 4200-4400 LEVEL. ANY BREAKOUT ABOVE THIS LEVEL WITH SUPPORT OF MOMENTUM INDICATORS WE CAN BE SEEING DEMAND  IN INDEX.

TILL INDEX HAS IN NO TRADING ZONE, WE WILL BUY THE QUALITY STOCK ON EVERY FALL.

RSI AND ADX IS STILL IN WEAK ZONE WHICH SUGGESTS US INDEX  HAS DOWNSIDE  DUE.
NIFTY SMALLCAP 100 WEEKLY








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