WEEKLY MARKET REPORT

 

NASDAQ – Global leading Tech Index

The NASDAQ Index gained 0.25% last week. The critical support is expected at 19,500 levels and resistance is expected around 21,000 levels for the coming week. 

Peloton,  Baidu and Intel were the top gainers for the week, rising around 32%, 34% and 17% respectively.

The NASDAQ Index 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 increased to  “45” from the previous level of “32” 

 

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 gained by 4.25% in the previous week. The immediate support is expected at $80K and resistance is expected at $92K. Bitcoin is expected to bounce back in the coming week 

 

ETH/BTC

ETH/BTC pair in the last week, gained around 2%. An immediate support is expected at 0.022 level and resistance is expected at 0.03 levels. ETH is expected to bounce back from this level.

 

NIFTY

Nifty gained around 1% in the previous week. An immediate support is expected around 22,000 levels and resistance is expected around 27,000. Nifty looks bottomed, and the reversal is expected around these levels.

 

PICK OF THE WEEK – WAAREE ENERGIES

 

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