WEEKLY REPORT AS ON 26 JUNE 2020

 NIFTY और  BANKNIFTY का हाल कैसा है ???

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INDIA VIX>>>>>

As we have seen last four weeks index is consolidating between the range of 35-25.Last 2 weeks we have seen sale pressure in index and it has made lower top lower low pattern. Index has multiple resistances of immediate top and 20 wma at 37 level.

Currently the level of 27 is plays an important support level of index.
The momentum indicators also not supporting to index it has slopping downwards which is not good sign for index.

Any breakdown below 26 level we could see index all the way up to 23-20 level.

INDIA VIX WEEKLY


NIFTY 50 >>>>

After taken a support at 9980 we have seen huge demand in index. Last 2 weeks index has traded with higher top higher bottom formation but is has not broken its immediate resistance of 10560 level.

This week Market has bounced back after short term fall of last two days as we witnessed broad-based buying on the first day of new contract.
as nifty leads in IT sectors likes TCS ,Infosys, HCL Tech,wipro etc.

In coming period any breakout above 10600 level we could see index all the way up to 10900 -11000 level. Index has downside support around 10300-10000.

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>>>>

As compared to main index we have seen huge ups and down in nifty bank too. Index has ended this week at 21660.

We have seen selling pressure at 22500 level and also we have seen demand around 21000 level. Index has given breakout at 21800 level and made a new high of 22466.90 but is has failed to sustained this level and again fallen and ended at 21660.

At current week we have seen 20 wma resistance at 22000 level any breakout above this level  we could see index touch the level of 22500-23000.

The momentum indicators also slopping upwards which is good sign for index.


NIFTY BANK WEEKLY



NIFTY MIDCAP 100 >>>>

After taken support at 12390 we have seen huge demand in index since index has been trading with higher top higher bottom formation.
2 weeks ago index has confirmed its strong support at 14050 level which is 20wma.

last week we had achieved our previous weeks target and index has made a high of 15220 and ended at 14975.

In coming period we have seeing resistance at 15589 (50wma) any breakout above this level we could see index all the way up to 16000-16700 level.

We will accumulate quality stocks at every deeps. The momentum indicators also in trading upside.


NIFTY MIDCAP 100 WEEKLY


NIFTY SMALLCAP 100 >>>>

Even in smallcap index we have seen demand in index and it has heading towards 5200 level. Index has support of 20 wma at 4450 level.week on week index trading with higher top higher bottom formation.

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

                                                                                                                      ***THE END***

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