WEEKLY REPORT AS ON 30 MAY 2020



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INDIA VIX >>>>

Last week index had made same open & high of 33.21 since then we saw supply in index but index has not able to breaks it previous week low of 26.3350 which is supports for coming week.

Index has selling pressure near 33-40 level which is suggesting us any breakdown below 26 level we could seeing more selling pressure till 25-23 level.

RSI also slopping downward and ADX also slopping downward which suggesting us downside is due.

INDIA VIX WEEKLY


NIFTY 50 >>>>

Last week we had saw huge demand in index after taken support around 9000 level. As we had  mentioned in our previous report index is trying to make bottom, same has happened and index has made first bullish weekly close after 3 weeks selling, which is suggesting us index is heading towards 10000 level in coming period.

We are seeing open position at 9800-9900 level and downside is around  9000 levels.

The momentum indicators also slopping upwards and index has taking support around 9000 level which is  suggesting us demand in index.

NIFTY 50 SPOT WEEKLY 

NIFTY BANK  >>>>

Last week we saw demand in index after index had made double bottom at 17100 level. Almost we have been seen more than 2000 points rally in index in last week.

Incoming week there is possibilities where index will be moving towards 20000 level.

But RSI is still trading in weak zone and ADX is also trading in weak zone.
Incoming period Index will be continue in uptrend till 20000 level.


NIFTY BANK WEEKLY


NIFTY MIDCAP 100 >>>>

Last week we saw demand in index as we are expecting in previous too.
The index is heading to test its immediate resistance level of 13750.

 The level of 13750 is strong resistance zone any breakout above this level  we will be seeing index all the way up to 14000.

The momentum indicator also turning in positive side and well close above 40 level and ADX also seeing turning which suggesting us upside is due.

We will accumulate good quality stocks at every dips and we will book profit in selected stocks at higher level. 

NIFTY MIDCAP 100 WEEKLY



NIFTY SMALLCAP 100  >>>>


After trading in narrowed range index has given breakout and given positive close of 4002 which is above previous week.

For the coming week Index has resistance at 4100 level any breakout above this level we could see demand in index all the way up to 4500.

The momentum Indicator also trading in weak zone.
we are waiting for RSI movement above 40 level till the time we will invest in quality stocks at every dips.


NIFTY SMALLCAP 100 WEEKLY

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