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CNX NIFTY: Last week CNX Nifty has given fall of more than 300 points and given a close of 8224.10. we had alerted profit booking on every rise as team NTD was observing tiredness in markets since last two weeks (especially in large caps)
For coming week we are seeing a short term support near 8180 (Previous Top, also a small retracement is there), if it holds these levels we can see a sharp up move up to 8400. Team NTD also advises caution on leverage positions as CNX Nifty has given second weekly negative close.


BANKNIFTY: Even in Banknifty also we have seen some tiredness and alerted about same in last weekly report. We have given a trailing stop loss of 18200(Spot level) for momentum trading.

This is the first week Banknifty has given a negative close of 18299.75.

We also advice to book profit/exit Banknifty as it has made a low of 18183.10 (hitting stop loss of 18200).

After making all time high of 12812.35 CNX Midcap failed to make fresh high last week and given a first negative close after seven weeks bullish rally.
Last week CNX Midcap given a negative close of 12191.30 (hitting trailing stop loss of 12200).
For coming week we are seeing a short term support near 11840/11800. 
CNX SMALLCAP: After making high of 5396.10 last week CNX Small cap failed to cross fresh high and breaks the level of 5280 and also given a negative close of 5134.30.
For coming week 5050 is a short term support.

Precious Metals

GOLD: After giving weekly bullish reversal Gold has made high of 1239.30 and given a positive close of 1223.30.

Gold has strong support near 1202/1200 for coming week and we are continue with our target of 1280/1285. 

 SILVER: After giving weekly bullish reversal Silver has made high of 17.35 and given a positive close of 17.05. Silver has came out from range of 15/16.50, one can see a target of 18.65 in near term.


After seven weeks of bullish rally Dow Jones has given a first weekly negative close of 17280.83(Hitting trailing stop loss of 17350). Though 17200 is near term support upside is capped in Dow Jones for short terms.

Brent Oil

 After achieving team NTDs target of 65 Brent oil made a fresh new low of 61.35 and given a close of 61.47.

Team NTD seeing from the level of 60 Brent Oil to rebound up to 75/78 in coming six months. Lower ends supports are at 54/57, we are awaiting  a weekly reversal for this upsurge.

With Inputs from Charan More, Deepak Bhoj, Avinash Karle, Sandeep Dedhia, & Nilesh Dedhia, -Team NTD  

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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