WEEKLY REPORT AS ON 19 JUN 2020

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INDIA VIX

Daily Analysis:
As per daily chart Index has sale pressure near 34-35 level. Last two days Index has trade with lower top lower bottom formation and also broken the short term support of 20DA .On the upside Index has resistance at 35 level and downside multiple supports at 25 level. On daily chart we are not seeing strength in index. Momentum Indicators also trading in weak zone which is not good sign for Index.

INDIA VIX DAILY CHART


Weekly Analysis:
As compared to last week index almost down by 2.8%.We had seen Index, after made a high of 35.3050 huge sell off in index till 29.06. The level of 35 is resistance level of Index where 20 wma also.

On weekly chart we have support at 23.45 and 20 level. Where the level of 25 is playing an important supports level since last 5 weeks any breakout below this level we could be seeing downside levels of 23.50 and 20.
The MACD indicator given sell signal , ADX also turn negative side.

INDIA VIX WEEKLY 


NIFTY 50 >>>>

As per compared to last week we saw nifty Index almost up 2.7% .This week Index has opened below last week close, but at the end of week we saw huge demand and its has made a high of 10271.55 but it has failed to cross last week high at 10328.50 where index also has  200 wma at 10360.

In coming week we are seeing huge open position at 10500-10600 which is plays an resistance level for coming week and also we are seeing huge open positions at 10000-9900 levels which will be plays an supports for coming week.

The MACD indicator given buy signal and RSI also turning upward which is strong signal and showing strong strength .

Any breakout above 10600 we could see Index all the way up to 11000.Till the time range of Nifty is 9900-10500 level.

NIFTY 50 WEEKLY 

NIFTY BANK >>>>

Even in Bank nifty we have seen huge demand and it has almost up 3.3% as compared to last week.

Last week index has made a high of 21467 and given close of 21338 but failed to break the previous week high.

In coming week we are seeing index could achieved the level of 22000-22600 after break the level of 21800.Index has support near 20500-20000 level.The momentum Indicator also on positive side.

NIFTY BANK WEEKLY


NIFTY MIDCAP 100 >>>>

Index has trading with higher top higher bottom. As we had mentioned in our last week index has resistance at 14500 level where we have seen Index broken previous week high and made a new high of 14592.55 but failed to sustained above 14500 and ended at 14427.

In coming period we are seeing index trading above at 20 wma support near14220 but major supports index has near 13800 level. on the upside any breakout above 14600 index will be heading toward 15000.

we will accumulate the quality stocks at every deep.

NIFTY MIDCAP 100 WEEKLY


NIFTY SMALLCAP 100 >>>>

Even in smallcap index we have seen 4.2% upside movement. Index has support near 4520 at 20 wma and also index has manage to sustained above 4500 and given close of 4576.75

in coming period index is heading towards 4800-5200 level. The momentum Indicator also in buying zone.

we will accumulate quality stocks at every dips.

NIFTY SMALLCAP 100 WEEKLY



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