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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WEEKLY MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index remained flat around 20k levels in the last week. The critical support is expected at 19,200 levels and next resistance is expected around 20,300 levels for the coming week. 

Walt Disney, Boeing and Intel were the top gainers for the week, rising around 14%, 5% and 4% respectively.

The NASDAQ Index is trading near the supply zone and is expected to consolidate a bit before breaking 20,300 levels.

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market is in the  GREED zone. Compared to last week, the Fear & Greed Index increased to  “70”  from the previous level of “52” 

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the above model, Bitcoin’s cycle top price prediction is around $205,000 

Bitcoin chart

$BTC gained 10% in the last week and closed around the 104k mark. The immediate support is now expected at $93K and resistance is expected at $105K. Bitcoin is expected to continue the upwards momentum in the coming week.

ETH/BTC

As indicated in the previous week, ETH/BTC pair shot up 26%. An immediate support is expected at 0.020 level and resistance is expected at 0.026 levels. ETH is expected to outperform Bitcoin from here.

NIFTY

Nifty corrected around 1.5% in the last week. An immediate support is expected around 23,500 levels and resistance is expected around 25,000 levels. Nifty is expected to break the supply zone of 25k levels in the coming week.

Sector expected to perform in the coming week – IT & Media

PICK OF THE WEEK – MCX

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MintAlphaa: Where Cutting-Edge AI Meets Superior Returns. Unlock the potential of the market with our high-performing AI portfolios and advanced investment strategies.

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Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast. 

WEEKLY MARKET REPORT

NASDAQ – Global leading Tech Index

The NASDAQ Index broke the support level of 18k and corrected by 10% last week. The next critical support is expected at 16,000 levels and resistance is expected around 18,000 levels for the coming week. 

Baidu, Peloton, and Exelon were the top gainers for the week, rising around 20%, 11% and 4% respectively.

The NASDAQ Index is looking oversold and is expected to bounce back in the coming week 

CRYPTO

What is the general sentiment for Crypto?

The sentiment towards the cryptocurrency market is in the  FEAR zone. Compared to last week, the Fear & Greed Index decreased to  “23”  from the previous level of “34” 

CVDD-TOP CAP PRICE CHART INDICATOR

Bitcoin is expected to continue its upward movement. As per the above model, Bitcoin’s cycle top price prediction is around $204,000 

Bitcoin chart$BTC’s price corrected around 5% in the previous week. The immediate support is expected at $75K and resistance is expected at $88K. Bitcoin has retested the support level around 75k and is expected to bounce back in the coming week 

ETH/BTC

ETH/BTC pair in the last week, fell by around 8%. An immediate support is expected at 0.016 level and resistance is expected at 0.025 levels. ETH is expected to bounce back from this level.

NIFTY

Nifty corrected around 2.6% in the previous week. An immediate support is expected around 21,500 levels and resistance is expected around 23,500. Nifty looks bottomed, and the reversal is expected around these levels.

PICK OF THE WEEK – VTL

MINTALPHAA – AI Based Stock Portfolio

MintAlphaa: Where Cutting-Edge AI Meets Superior Returns. Unlock the potential of the market with our high-performing AI portfolios and advanced investment strategies.

Get Started with your Stock Investments today with MINTALPHAA

Get deeper insights into the crypto market’s weekly trends discussed on our Spotify podcast.