WEEKLY REPORT AS ON 17 JULY 2020


SHARE MARKET UPSIDE > SENSEX VS NIFTY

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INDIA VIX>>>


Compared to last week index has opened negative with same low  and made a high of 27.2650 and ended positively at 23.9925 , index has traded in our mentioned range of previous week.

This week we have seen pressure from upside after made a high of 27.2650 we have seen selling pressure in index but at the end it has manage to close positively.

Index is trading with lower top lower bottom formation index has facing stiff resistance of 50 wma near 24.50-25 levels, for coming week any trend line breakdown, we could see index all the way up to 20-18 levels.

The momentum indicator also is slopping downwards, We are not seeing any positive divergence in RSI indicator which is suggesting downside could be continuing.

 
INDIA VIX WEEKLY


NIFTY 50>>>>

  This week we have seen huge upside move in index after selling pressure of 4 last days, Compared last week this week again index has manage to close positively with higher top higher formation and index exactly ended this week at our mentioned levels of previous week.

Now index is exactly touched 50 wma level and given close at same at 10927.
we saw index has lead by following stocks BPCL, wipro  , cipla, HCL tech, Jswsteel , Mahindra & mahindra, Drreddy etc.

We are seeing huge open positions nifty index at 11200-11300 levels.
For coming week Index has support near 10800-10700 levels.In coming week we could see Index  could be touching 11200-11300 then there could be possibilities for downside.

Till momentum indicator is also in uptrend and MACD is also in Buy zone.

NIFTY 50 WEEKLY

NIFTY BANK >>>>

As compared to main index , Nifty Bank has given negative close, after opened gap up we have seen selling pressure in index and it has made a low of 21033, from then we have seen demand increased in index and buyers has   pushed index upside and it has managed to close above 22000 level.

Incoming week we have to be open for both move index has huge open positions at both side 22500-23000 and downside 21500-21000, any either side breakout we could see movement in index ,Till the time banknifty range is 21000-21500-22500-23000.

RSI also slightly moved downwards which is not good sign of index.


 
NIFTY BANK WEEKLY



NIFTY MIDCAP 100 >>>>


This week we have seen profit booking midcap index after reached at 61.8% in previous week.

This week index has made a low of 14784 and then we have seen agian demand in index  and it has given close of 15242 but failed to cross its previous week high.

 Index has the multiple resistance at 15550-15600 level(50 wma & 61.8% of previous fall).In coming period we are seeing index has immediate support of 15135 followed by 14750.

We will be doing  fresh buying only above 15600 level with sustainable close.
Till we will accumulate quality stocks at every deeps.

RSI is still below 60 levels which suggesting us no fresh buying.


 
NIFTY MIDCAP 100 WEEKLY

NIFTY SMALLCAP 100>>>>


As compared to last week index has broken previous week high but it has failed to sustain this level , we have seen profit booking at upside.

After selling pressure also index has not broken its previous low which is good sign of index and suggesting us accumulate good quality stocks at every deeps.

Index has taking support near 4800 levels , Any breakout above 5200 level we could see index all the way up to 5700 level.

 
NIFTY SMALLCAP 100 WEEKLY



                                                                                                  ***THE END***

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