WEEKLY REPORT AS ON 25-07-2020
Corona Positive / Negative effect 120 days in India.
>MARCH - JULY
Cases : 100 > 1200000
BSE SENSEX: 26000 > 38000
RELIANCE : 870 > 2070
HDFC BANK : 770 > 1130
INFOSYS : 530 > 900
GOLD : 40000 > 50000
SILVER : 40000 > 60000
CRUDE : 20 > 45
DOLLAR : 75 > 75
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
INDIA VIX >>>>
This is 6 consecutive week where index has trading
with lower high lower low and it has happened after the it has made tested 35 level.
Even this week too index has faced stiff resistance of
26.30 level which is 78.6% of earlier rose rally.
Index is trading with narrow range which is sign of
bottom could be near in upcoming period.
Momentum indicator is trying to turn upside but MACD
still in sell side which is not good sign for index.
Incoming period index has support of 22.50 level , if
any breakdown below this level , we will be seeing index up to 20-17 level.
 |
| INDIA VIX WEEKLY |
NIFTY 50 >>>>
After bottom out at 7511.10 this is 17th week index is
trading in upside and it has almost recovered 0.786% of previous fall.
Last week after taken multiple supports at 10900 of 50 WMA
then 11000 AT 100 WMA , we have seen index moved upside and made fresh
high of 11238.60 which is good sign of index .Reliance industries outperformed which affected on index to risen upside.
Incoming period index has multiple supports at 11000-10900
level any breakout above 11384 we could be see index all the way up to 11500.
if any breakdown below 11000 we could be see index
to downside at 10900-10600.
The momentum indicators also in strong zone with
suggesting index is strong to move up.
 |
| NIFTY 50 WEEKLY |
NIFTY BANK >>>>
As Compared to
main index is looks little heavy at top because after made a new high of
23208 we have seen huge supply till
22300 on Friday but finally index has managed to close in positive at 22662.
Earlier week also we have seen demand in index at 21000 after selling pressure
from upside.
In coming period any sustainable close above 23000 we
could be see fresh movement in index all the way up to 23500.
Index is trading with rising wedge pattern which is
hurdle for index the range is turning narrowing.
Any downside support breakdown below 22000 we could
see index till 21000.
Momentum indicators rising upwards but still not in
strong zone.
 |
| NIFTY BANK WEEKLY |
NIFTY MIDCAP100 >>>>
Since bottom out at 10749 in march-20 we have been
seeing index in higher top higher bottom formation, But last 3 weeks we have
seen some profit booing at every upside level in index.
This week also after made a new high of 15594 we have
seen selling pressure in index also there is 50 wma resistance at 15523.Last
after made a new high index fallen and it has given close of 15423.
As compared to earlier week it has almost rose by
1.9%.We have seen many stock outperformed this week like RBL Bank, IDFC First,
Federal Bank,Maphasis, Manappuram,.
Incoming period index has immediate support of 15135 any
breakdown below this level we could be see index all the way up 14750. Till we
will book profit in at every rise.
 |
| NIFTY MIDCAP 100 WEEKLY |
NIFTY SMALLCAP 100 >>>>
After profit book seen in earlier week ,this week
again we have seen demand in index And it has made a new high of 4998.
But earlier week
after selling pressure also index not broken low-level which was
earlier upside sign for index.
This week index traded with higher top higher
bottom formation, But index has 50 wma resistance at 15150-15200
level any breakout above this level we will see movement in index.
Long term fresh buying will happen
only above 6000 level, long-term chart structure is still slopping
downside.
 |
| NIFTY SMALLCAP 100 WEEKLY |
Comments