WEEKLY MARKET REPORT
NASDAQ – Global leading Tech Index
The NASDAQ Index remained flat around 22,750 in the last week. The critical support is expected at 22,100 levels and next resistance is expected around 23,500 levels.
Advanced Micro, Intel and Regeneron Pharma were the strongest stocks for the week, rising around 6%, 5% and 4% respectively.
The NASDAQ Index is expected to consolidate a bit before it breaks 23k levels.
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 “74” from the previous level of “73”
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 $237,000
Bitcoin chart
$BTC gained around 9% and closed at 119k in the last week. The immediate support is now expected at $110K and resistance is expected at $125K. Bitcoin is expected to continue its upward momentum.
ETH/USDT
$ETH came out of its consolidation zone gaining 15%, and closed around $3000 in the last week. An immediate support is expected around $2800 and resistance is expected around $3500 levels. ETH is expected to gain momentum from here
Strong momentum tokens to watch for – XLM, PENGU & HBAR
NIFTY
The Nifty50 Index corrected around 1% in the last week. An immediate support is expected around 24,500 and resistance is expected around 26,300 levels. Nifty is expected to consolidate a bit before it breaks 26,300 levels
Sector expected to perform in the coming week – FMCG & Fin Service
PICK OF THE WEEK – CARTRADE
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