WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index gained around 0.6% and closed at 25,346 in the last week. The critical support is expected at 25,000 levels and next resistance is expected around 26,000 levels. 

Micron Tech & Comcast were the strongest stocks for the week, rising around 10% and 9% respectively.

The NASDAQ Index is expected to gain this week

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market remained in the FEAR zone. Compared to last week, the Fear & Greed Index increased to “25” from the previous level of “16” 

 

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the Terminal price model, Bitcoin’s cycle top price prediction is around $291,000

 

Bitcoin chart

$BTC stayed flat and closed at 88.6K in the last week. The immediate support is expected at $80K and resistance is expected at $100K. Bitcoin is expected to bounce back from the lower end of the regression channel.

 

ETH/USDT

$ETH remained flat and closed at $3k in the last week. An immediate support is expected around $2800 and resistance is expected around $3500 levels. ETH is expected to bounce back this week

Strong momentum tokens to watch for – UNI & SKY

 

NIFTY

The Nifty50 Index stayed flat and closed at 25,966 in the last week. An immediate support is expected around 25,650 and resistance is expected around 26,400 levels. Nifty is expected to gain this week

Sector expected to perform in the coming week – Metals & Auto

 

PICK OF THE WEEK – LGBBROSLTD

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