WEEKLY MARKET REPORT
NASDAQ – Global leading Tech Index
The NASDAQ Index gained around 1.5% and made new all time high in the last week. The critical support is expected at 22,000 levels and next resistance is expected around 23,300 levels.
Applied Materials, Nvidia and Alphabet were the strongest stocks for the week, rising around 11%, 10% and 9% 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 remained in the GREED zone. Compared to last week, the Fear & Greed Index increased to “73” from the previous level of “67”
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 $235,000
Bitcoin chart
$BTC gained around 1% and closed at 109k in the last week. The immediate support is now expected at $100K and resistance is expected at $112K. Bitcoin is expected to continue its upward momentum.
ETH/USDT
$ETH gained around 3% and closed at $2570 in the last week. An immediate support is expected around $2100 and resistance is expected around $3000 levels. ETH is expected to gain momentum from here
NIFTY
The Nifty50 remained flat around 25,500 levels in the last week. An immediate support is expected around 24,500 and resistance is expected around 26,300 levels. Nifty is expected to continue its upward momentum.
Sector expected to perform in the coming week – Consumer Durables, Pharma and PSU banks
PICK OF THE WEEK – ABDL
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