Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index gained by 2.37% and closed at 27,303 in the last week. The critical support is expected at 26K levels and next resistance is expected around 28K levels.
Advanced Micro & Intel were the strongest stocks for the week, rising around 25% & 20% 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 29 to “47”.
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin is expected to gain this week. 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 6.58% and closed at 78.65K in the last week. The immediate support is expected at $60K and resistance is expected at $83K. Bitcoin is expected to gain this week.
ETH/USDT
$ETH gained 4.35% and closed at $2.36k in the last week. An immediate support is expected around $1900 and resistance is expected around $2800 levels. ETH is expected to gain this week
Strong momentum tokens to watch for – INJ & Algo.
NIFTY
The Nifty50 Index corrected by 1.87% and closed at 23,897 in the last week. An immediate support is expected at 23.4k & resistance is expected at 24.6k. Nifty is expected to gain this week.
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