WEEKLY REPORT AS ON 12 JUN 2020


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INDIA VIX >>>>

Last 3 weeks Index is trading in range between of 25-34 not breaking downside level and also not breaking upside level too.

Compare to last week index has given a positive close and ended at 30.66 level.

RSI indicator is trying to turn upside which is suggesting good sign for index to move upside. Index has resistance near 34-35 level any breakout above this level we could see huge movement in Index.

INDIA VIX WEEKLY


NIFTY 50 >>>>

Last week we have seen huge ups and down in index. Index has made a high of 10327.65 but not able to sustain this high and we have seen till weekend index have been trading lower top lower bottom formation on day by day.

As per weekly chart Index has tried to sustain above 10000 level but again we have seen supply till downside level of 9561.

Last week index made a high of 10327.65 but failed to sustain above previous week close and ended negatively at 9958.70.

Incoming period we could see Nifty Index in the range of 10300-9500.
we are seeing huge option positions at 9500 and 10500 level.

The momentum indicators also turning downside which is suggesting us index could be heading downside again towards 9500.


NIFTY 50 WEEKLY


NIFTY BANK >>>>

Even in Bank nifty we have seen sale in this week. The Bank nifty had made high of 21796 but not able to sustain its high and again we have seen sale pressure in Index.

We have seeing huge option positions between the range of 22000-19000 level which plays an important role in coming period.

The level of 21500-22000 is strong resistance levels of Index. This week Index has ended at near its support level of 23.6%@20585.

The momentum indicator also trading in weak zone which is not good sign for index.


NIFTY BANK WEEKLY

NIFTY MIDCAP 100 >>>>

 As compare to last week Index has given a positive close of 14339 but we have seen index has made long leg Doji pattern which is suggesting us investor not giving more demand above 14500 level. Investors have booked short term profits around this level.

Last week Index has took support around 13576 and took  Resistance at 14500 level.

In coming period any breakout either side we could see movement in Index .
We will be trading in next week with strategy of buy at dips and sale at high till the range breakout.

NIFTY MIDCAP 100 WEEKLY


NIFTY SMALLCAP 100 >>>>


Even  in Smallcap index we have seen profit booking at upside level and Index has given negative close as compared to last week.

The smallcap Index has resistance at 4550 any breakout above this level we could see movement in index till the time we will buy quality socks at every dips.


NIFTY SMALLCAP 100 WEEKLY



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