Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index gained by 6.2% and closed at 26,672 in the last week. The critical support is expected at 24K levels and next resistance is expected around 28K levels.
JD.com & Tesla were the strongest stocks for the week, rising around 21% & 15% 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 from 12 to “29”.
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin is expected to reverse from its downward trend. As per the Terminal price model, Bitcoin’s cycle top price prediction is around $299,000 and Bottom is around $50,000
Bitcoin chart
$BTC gained 4.33% and closed at 73.8K in the last week. The immediate support is expected at $60K and resistance is expected at $83K. Bitcoin may have some selling pressure this week.
ETH/USDT
$ETH gained 3.14% and closed at $2.27k in the last week. An immediate support is expected around $1900 and resistance is expected around $2800 levels. ETH may have some selling pressure this week
Strong momentum tokens to watch for – DEXE & CHZ
NIFTY
The Nifty50 Index gained 1.26% and closed at 24,353 in the last week. An immediate support is expected at 23.4k & resistance is expected at 24.8k. Nifty is expected to gain this week
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