WEEKLY REPORT AS ON 06 JUN 2020





INDIA VIX >>>>

Last week we saw index has given a negative close after open below previous week close.

week on week index is trading with lower top lower bottom formation which is not good sign of index.

Index currently trading with support levels of 28-25 any breakdown below this level we could be seeing index all the way up to 20-17 level.

As we had mentioned in our earlier report too index has selling pressure around 33-35 level.

The momentum indicators also weak and slopping downwards, which is suggesting us strong downside.


INDIA VIX WEEKLY



NIFTY 50 >>>>

After bottom out Index is started its bullish rally and week on week it has given positive close by making higher top higher bottom.

last week index has opened gap up and made a high of 10177 and it has made a low of 9800 where traders actually took huge positions.

The structure of chart is suggesting us index is heading towards 10500-10800 in coming week.

The momentum indicators also turn in to upside.
for coming week index has supports of 10000-9800 and upside target is 10500-10800.






NIFTY 50 WEEKLY




NIFTY BANK >>>>

Even in Bank nifty we have seen demand in week on week and it has given positive close after opened gap up.

If we calculate last one month performance of Bank nifty it has given almost 9.15% returns from its bottom to till the date.

There is seeing demand in index all the way up to 21500-22000 in coming period. where we are seeing huge call option buying.

RSI also came out from weak zone and heading upwards which is good sign of Index to achieved upside targets.


The level of 22000 is resistance level of Index any breakout above this level we could be seeing index reaching up to 22500 level.


NIFTY BANK WEEKLY


NIFTY MIDCAP 100 >>>>


Last we saw Index has achieved our given target and given close of 14158.
After tested its upside level of 13750 we saw huge demand in index and it has given breakout and reached at 14000 level.

In coming we will be seeing demand could be continue all the way up to 14600-14800 level after breakout of 14300.

The momentum Indicators also turned at Index trend side.


 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 4400.

we are seeing demand in small companies so main index is raising week on week and giving positive closes.

Last week we saw huge volume in index and it has made huge bullish candle.

The momentum Indicator also come out from weak zone
.
RSI also trading above 40 level. Which is suggesting us potentials in small cap companies to give us huge returns .


In coming period we could be seeing index all the way up to 4800-5000 level.



NIFTY SMALLCAP 100 WEEKLY



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