WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index corrected 1.87% and closed at 25,075 in the last week. The critical support is expected at 24,650 levels and next resistance is expected around 25,800 levels. 

Pepsico and Texas Instruments were the strongest stocks for the week, rising around 18 & 15% 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 stayed flat at “14” 

 

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 $295,000

 

Bitcoin chart

$BTC corrected 8.6% and closed at 70.3K in the last week. The immediate support is expected at $60K and resistance is expected at $83K. Bitcoin has reached the demand zone and is expected to bounce back this week

 

ETH/USDT

$ETH corrected 7.86% and closed at $2.1k in the last week. An immediate support is expected around $1700 and resistance is expected around $2600 levels. ETH is expected to gain this week 

Strong momentum tokens to watch for – SKY  & HYPE

 

NIFTY

The Nifty50 Index gained by 3.5%  and closed at 25,693 in the last week. An immediate support is expected around 24,500 and resistance is expected around 26,340 levels. Nifty is expected to bounce back this week

Sector expected to perform in the coming week – Auto & Chemicals

 

PICK OF THE WEEK – SYRMA

 

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