WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected 0.92% and closed at 25,529 in the last week. The critical support is expected at 24,650 levels and next resistance is expected around 25,800 levels. 

Advanced Micro & Applied Materials were the strongest stocks for the week, rising around 14% and 9% 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 to “44” from the previous level of “27” 

 

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the Terminal price model, Bitcoin’s cycle top price prediction is around $293,000

 

Bitcoin chart

$BTC gained 2.92% and closed at 93.6K in the last week. The immediate support is expected at $83K and resistance is expected at $100K. Bitcoin is expected to bounce back from the lower end of the regression channel.

 

ETH/USDT

$ETH gained 5.2% and closed at $3.28k in the last week. An immediate support is expected around $2900 and resistance is expected around $3500 levels. ETH is expected to gain this week

Strong momentum tokens to watch for – SAND  & AXS

 

NIFTY

The Nifty50 Index stayed flat  and closed at 25,694 in the last week. An immediate support is expected around 25,650 and resistance is expected around 26,400 levels. Nifty is expected to gain this week

Sector expected to perform in the coming week – Defence & PSU banks

 

PICK OF THE WEEK – DCBBANK

 

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