WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index took support around 20,500 and gained 2.85% last week. The critical support is expected at 20,500 levels and resistance is expected around 22,700 levels for the coming week. 

INTEL, GOLMAN SACHS, CATERPILLAR were the top gainers for the week, rising around 12%, 11.8% and 10% 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 is in the EXTREME GREED zone. Compared to last week, the Fear & Greed Index increased to  “76” from the previous level of “61”

 

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 $190,000 

 

Bitcoin chart

$BTC’s price increased by 7.2% in the previous week. The immediate support is expected at $92K and resistance is expected at $106K. Bitcoin is expected to continue with the upward momentum 

 

ETH/BTC

ETH/BTC pair fell in the last week, losing around -8.2%. 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 fell below support at 23,500 level and lost around -1% last week. An immediate support is expected around 22,600 levels and resistance is expected around 23,500. Nifty looks bearish, and the downward momentum may carry forward till 21,500 level.

 

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