Weekly Market Report
NASDAQ-Global Leading Tech
The NASDAQ Index gained by 1.09% as expected and closed at 30,046 in the last week.
NBIS & SNDK were the strongest stocks for the week, rising around 9% & 7% respectively.
The NASDAQ Index is expected to gain this week.
CRYPTO
What is the general sentiment for Crypto?
The sentiment towards the cryptocurrency market stays in the FEAR zone. Compared to last week, the Fear & Greed Index increased from 30 to “31”. Historically, Buying Bitcoin in fear zone has turned out favourable for long term Investors.
CVDD-TOP CAP PRICE CHART INDICATOR
Bitcoin is expected to bounce back this week. As per the Terminal price model, Bitcoin’s cycle top price prediction is around $299,000 and Bottom is around $50,000.
Bitcoin chart
$BTC corrected 3.08% and closed at 62.9K in the last week. Bitcoin is showing signs of bottoming, Bitcoin is expected to gain this week.
ETH/USDT
$ETH corrected 1.97% and closed at $1872 in the last week. ETH is expected to gain this week
Strong momentum tokens to watch for – ETHFI & LINK.
NIFTY
The Nifty50 Index corrected by 0.83% and closed at 24,366 in the last week. The Nifty has formed higher lows and is showing signs of reversal. Nifty is expected to gain from here.
PICK OF THE WEEK - CYIENTDLM
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