WEEKLY REPORT AS ON 08 AUG 2020


DEMAND & SUPPLY  IN MARKET

FOLLOW ME: @Arktechnicalre &
 YOUTUBE: RESEARCH MARKET ARK 


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

INDIA VIX >>>

We had mentioned in our earlier week an index had been trading with lower top lower bottom formation with having stiff resistance of 25-26.

 This week an index made a Doji pattern. An index is having support near 21 level any breakdown below this level we could see index near 18-17 level.

 The momentum indicator also in a weak zone with slopping downward. MACD also in a weak zone.

  


NIFTY 50 >>>

Compared to earlier week an Index has given positive close but it has not broke earlier week high of 11341.40 which is hurdle.

 An Index  currently trading with multiple  support of 11000-10900 near 100wma & 50wma.

 An Index has upside resistance at 11350-11400 any breakout above this we could see 11500.

 The momentum indicator also trading in a strong zone.


NIFTY50 WEEKLY


NIFTY BANK>>>

Earlier 3 weeks an index is trading with lower top lower bottom formation. An index resisting 23211 which was the high of earlier 3 weeks, from then we have been seeing supply in an index but an index is not breaking immediate low level of 21027.

 For a coming week an index is has immediate resistance level of 22000 any breakout above this level we could see index till 23000 level.

 On downside index has support near 21500 -21000 any sustainable breakdown below  this level we could see huge supply in an index.

 The momentum indicator slopping downside. 


NIFTYBANK WEEKLY



NIFTY MIDCAP100>>>

Incoming week we could be seeing selling pressure in an index.

After, positive rally an index has made a fresh high  of 16131, but then we have been seen supply in an index.

 An index has resistance at higher side around 16386 which is 100 wma and support near 15526 of 50 wma any breakdown below 15500 we could see more downside levels all the way up to 14500 level. 



NIFTYMIDCAP100 WEEKLY

NIFTY SMALLCAP100>>>

An index is trading with higher top and higher bottom formation .last week we have seen huge demand in an index it has given close above 50wma.

 Incoming week we could see index all the way up to 5500-5600.


NIFTY SMALLCAP 100 WEEKLY

                                                                                                  ***THE END***

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Comments

Post a Comment

Popular posts from this blog

HEIDELBERG CEMENT READY FOR BLAST ( CMP: 196) DATE: 18 OCT 2022

Image
READY TO BLAST ...BREAKOUT STOCK FOR SHORT TERM AND INVESTMENT STOCK FOR LONG TERM   The stock is trading in an uptrend with higher highs and higher lows, according to the long-term chart. Investors have the chance to buy shares at a discount in order to build their long-term portfolios. The stock has a rounding bottom pattern and is currently trading at 195 levels. It also has support at the 50 DMA and 200 DMA, which are both at 194 levels. The stock is poised to soar, and any breakout above 217 levels can soon reach 300 levels, according to the volume spikes we are currently witnessing. Fundamentally, cement sector stocks, Smallcap Company.   PE = 19  PB =3  ROCE= 21 ROE= 16.5 Debt is negligible in comparison to reserve 206 cr.
Read more

WTI CRUDE OIL AT 20 YEARS LOW (20 APRIL 2020)

Image
WTI CRUDE OIL  AT 20 YEARS LOW (20 APRIL 2020) MONTHLY ANALYSIS AS WE ARE SEEING CRUDE HAS BEEN TRADING   DOWN SINCE LAST 4 MONTHS AND WE SAW IT HAS REACHED 20 YEARS LOW AT 17.30$ . AFTER TOUCHED THE LEVEL OF 17.30$ WE SAW LIMITED UPSIDE TILL 29.50$. BUT IT HAS AGAIN   DROOPING DOWN AND CURRENTLY TRADING AT   OF 22.60$. MOMENTUM INDICATOR ALSO TRADING   WITH NEGATIVE DIVERGENCE , WHICH IS SUGGESTING US THIS RISE IS LIMITED . THE INDEX HAS TRADING WITH LOWER TOP LOWER BOTTOM FORMATION, THE LEVEL OF 17.30$ WILL PLAYS AN IMPORTANT ROLE IN COMING PERIOD ANY BREAKDOWN BELOW THIS LEVEL WE WILL BE SEEING INDEX ALL THE WAY UP TO 14$-12$-10$ RESPECTIVELY . CRUDE OIL MONTHLY CRUDE OIL MONTHLY HISTORICAL DATA WEEKLY ANALYSIS ON WEEKLY CHART ALSO INDEX IS TRADING WITH LOWER TOP LOWER BOTTOM FORMATION. AFTER WE SAW CHANNEL BREAKDOWN AT 43$ LEVEL  HUGE SELL OFF HAPPENED INDEX.AND CURRENTLY INDEX TRADING AT I...
Read more