WEEKLY MARKET REPORT
NASDAQ – Global leading Tech Index
The NASDAQ Index corrected 0.30% and closed at 25,605 in the last week. The critical support is expected at 24,650 levels and next resistance is expected around 25,800 levels.
Advanced Micro & Meta were the strongest stocks for the week, rising around 8% each.
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 decreased to “29” from the previous level of “44”
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin chart
$BTC corrected 7.48% and closed at 86.6K 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 corrected 14.2% and closed at $2.8k in the last week. An immediate support is expected around $2800 and resistance is expected around $3500 levels. ETH is expected to gain this week
Strong momentum tokens to watch for – PUMP & HYPE
NIFTY
The Nifty50 Index corrected by 2.5% and closed at 25,048 in the last week. An immediate support is expected around 24,350 and resistance is expected around 25,650 levels. Nifty is expected to consolidate this week
Sector expected to perform in the coming week – PSU banks & Metals
PICK OF THE WEEK – HINDZINC