WEEKLY REPORT AS ON 03 JULY 2020

NIFTY & BANKNIFTY RANGE

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INDIA VIX >>>>

After breakdown of its important level of 27 we have seen index has made low of 25.6275 and it has failed to cross again 27 level. Which is suggesting us index is in downtrend and it could be trading in downtrend in coming period. 

Since index has trading with lower top lower bottom formation last 3 weeks.
The level of 30 and 35 is major resistance levels of index.

The momentum indicator also is in selling zone. In coming period we could be seeing index all the way up to 23-20 level.


INDIA VIX WEEKLY


NIFTY 50 >>>>

As we had mentioned in our last week index has facing resistance at 10560 but this week it has given breakout and also manage to sustain above 10600.
Week on week index has trading with higher top higher bottom formation.
Nifty index is heading towards 10800-11000 level.

As we have been seeing after bottom out at 7832 index has bounced at 61.8 % from its bottom level , which is very strong sing of index.

At the level of 10800-11000 we are seeing huge open position, which is suggesting us index could be reach at this level. Index has support near 10500-10300.

The momentum indicator also trading in strong zone.  

NIFTY 50 WEEKLY

NIFTY BANK >>>>

Last week Nifty Bank Index has opened at downside 21254 and made a low of 21026 but failed to break previous week low, Then we have seen huge demand in index all the way up to 22337 but it has again failed to break previous week high.

As compared to last week index has failed break previous high and previous low and ended positively in between previous week range but it has manage to sustain above its important level of  21600 and ended at 21856.

In coming week level of 22000 is an important support level of index.
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 in buying zone which is good sign for index.


NIFTY BANK WEEKLY


NIFTY MIDCAP 100 >>>>

We have seen this week index has made a hanging man pattern but it has failed to break previous week high which suggesting us profit book at top level.

The momentum indicators are still in strong side.

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 SMALL CAP 100 >>>>

Last week we have seen selling pressure in index. Index has ended negatively at 4643.

In coming week index trading range is 4800-4400 any breakout either we could see movement in index.

We will accumulate good quality stocks at every dips. 

The momentum indicators MACD is buy zone and RSI indicators slops downwards which is not good sign of index.


NIFTY SMALLCAP 100


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