WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index fell by 2.25% last week. The critical support is expected at 20,200 levels and resistance is expected around 22,600 levels for the coming week. 

Match Group, Twenty First Century Fox, Dollar Tree were the top gainers for the week, rising around 7%, 4% and 4% respectively.

The NASDAQ Index is expected to continue the upward momentum

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market has moved down to the GREED zone. Compared to last week, the Fear & Greed Index decreased to  “70” from the previous level of “83”

 

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the above model, Bitcoin’s cycle top price prediction is around $185,000 

 

Bitcoin chart

$BTC’s price fell by 9% in the previous week. The immediate support is expected at $90K and resistance is expected at $106K. Bitcoin is expected to continue with the upward momentum 

 

ETH/BTC

ETH/BTC pair surged in the last week, losing around 9%. An immediate support is expected at 0.030 level and resistance is expected at 0.045 levels. ETH is expected to rally from this level.

 

NIFTY

Nifty resisted at 24,700 level and corrected around 5% last week. An immediate support is expected around 23,500 levels and resistance is expected around 25,000. Nifty is expected to continue the upward momentum once supply level is crossed.

 

PICK OF THE WEEK – Allied Blenders & Distillers Limited (ABDL)

 

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