WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index has gained around 6.5% in the last week. The critical support is expected at 18,500 levels and next resistance is expected around 20,500 levels for the coming week. 

Peloton Interactive Inc, Baidu and Tesla were the top gainers for the week, rising around 50.5%, 39.4% and 18.1% respectively.

The NASDAQ Index is trading above the supply zone of 19,200 level and looks positive for the coming week 

 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market is in the  NEUTRAL zone. Compared to last week, the Fear & Greed Index increased to  “54”  from the previous level of “39” 

 

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 $205,000 

 

Bitcoin chart

$BTC’s price gained around 10% and crossed the important supply level of $88K in the previous week. The immediate support is now expected at $88K and resistance is expected at $100K. Bitcoin is expected to continue the upwards momentum in the coming week.

 

ETH/BTC

ETH/BTC pair gained around 2.6% in the last week. An immediate support is expected at 0.0180 level and resistance is expected at 0.020 levels. ETH is expected to outperform Bitcoin from this level.

 

NIFTY

Nifty gained around 0.8% last week. An immediate support is expected around 23,500 levels and resistance is expected around 24,300 levels. Nifty is expected to consolidate a bit before it crosses 24,300 levels.

 

 

PICK OF THE WEEK – SAHAJSOLAR

 

 

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