WEEKLY REPORT 17 MAY 2020

INDIA VIX>>>>

LAST WEEK WE HAVE BEEN SEEN SIDEWAYS MOVE IN INDEX. INDEX IS STILL TAKING SUPPORT AROUND AT 31-33 LEVEL. LAST WEEK INDEX HAS MADE DOJI CANDLE WHICH IS  SUGGESTING US THE INDEX TRYING TO MOVE UPSIDE.

ANY  SUSTAINABLE CLOSE ABOVE 40 LEVEL , THERE IS POSSIBILITIES TO INDEX WILL BOUNCE TILL 45-48 LEVEL.


TILL THE TIME INDEX WILL BE CONTINUING ITS SIDEWAYS   RALLY.
MOMENTUM INDICATORS ALSO TRYING SUPPORT TO INDEX FOR UPSIDE RALLY.
INDIA VIX WEEKLY


NIFTY 50 SPOT>>>>

AS WE SAW INDEX HAS BROKEN WEAK SUPPORT OF 9200 AND GIVEN CLOSE OF 9136.85, LAST TWO WEEK INDEX HAS MADE LOWER LOW PATTERN AND CURRENTLY INDEX HAS RETRACING AROUND 38% OF PREVIOUS BULLISH RALLY.

CURRENT WEEK INDEX HAS BROKEN PREVIOUS WEEK HIGH BUT NOT SUSTAIN THEN WE HAVE SEEN SELLING PRESSURE ,AS USUAL WE HAD MENTIONED IN OUR LAST WEEK TOO.

COMING WEEK INDEX HAS WEAK SUPPORT AROUND 9000 LEVEL.ANY BREAKDOWN BELOW THIS LEVEL WE ARE EXPECTING INDEX ALL THE WAY UP TO 8900-8700.

THE MOMENTUM INDICATORS ALSO TRADING IN WEAK ZONE NOT SUPPORTING INDEX TO PUSH UPSIDE,WHICH IS SUGGESTING DOWNSIDE IS DUE.

INDEX WILL MOVE UPSIDE ONLY SUSTAINABLE CLOSE ABOVE 9350-9400.

NIFTY 50 SPOT WEEKLY



NIFTY BANK >>>>


FROM LAST 8 WEEKS INDEX HAS RESISTING LONG TREND LINE LEVEL AT 22000.
LAST 3 WEEKS INDEX IS TRADING WITH LOWER TOP  LOWER BOTTOM FORMATION.
AT THE LEVEL OF 19850 WE SAW  UPTREND CHANNEL BREAKDOWN THEN WE ARE SEEING SELLING PRESSURE TILL LAST WEEK.

THE WEEKLY CHART STRUCTURE IS STILL LOOKS BAD,THE MOMENTUM INDICATORS ARE STILL TRADING IN WEAK ZONE WHICH IS NOT GOOD SIGN.

WE ARE CONTINUE WITH OUR LAST WEEK TARGETS OF 17500-17000 WITH STOP LOSS OF 20000.


NIFTY BANK WEEKLY


NIFTY  MIDCAP 100 >>>>


LAST WEEK INDEX HAS BROKEN PREVIOUS HIGH AND PREVIOUS WEEK LOW TOO AND AT THE END OF DAY INDEX HAS GIVEN POSITIVE CLOSE.

THE LEVEL OF 12600 IS PLAYS AN IMMEDIATE SUPPORT LEVEL OF COMING WEEK.THE MOMENTUM INDICATORS ARE STILL IN CRITICAL ZONE BUT INDEX IS TRYING TO TREND IN BULLISH ZONE.
THE LEVEL OF 13750 IS STRONG RESISTANCE ZONE ANY BREAKOUT ABOVE THIS LEVEL  WE WILL BE SEEING INDEX AL THE WAY UP TO 14000. TILL THE TIME TRADING RANGE OF MIDCAP INDEX IS 13750-12600.

WE WILL ACCUMULATE GOOD QUALITY STOCKS ON EVERY DIPS AND WE WILL BOOK PROFIT AROUND 13000-13500.



NIFTY MIDCAP 100 WEEKLY


NIFTY SMALLCAP 100 >>>>


WEEK ON WEEK WE SAW SELLING PRESSURE IN INDEX .AS COMPARE TO LAST WEEK INDEX HAS ENDED NEGATIVELY.

LAST 8 WEEK INDEX HAS RESISTING 4300-4400 LEVEL. LAST WEEK INDEX HAS BROKEN ITS IMMEDAITE SUPPORT OF 3950 AND MOMENTUM INDICATOR ALSO NOT STRONGS. THE MOMENTUM INDICATORS SLOPPING DOWNWARDS WHICH SUGGESTING US STILL INDEX HAS SELLING PRESSURE.

WE WILL INVEST IN QUALITY STOCKS AT EVERY DIPS.


NIFTY SMALLCAP 100 WEEKLY





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