Week Analysis Report (13-17Dec)
Indian Stock Market Week Report (13-17Dec).
Sensex : 57011.74
Sensex closed at 57011.74 levels by losing the 1774.93 points.
Sensex moved total more than 2050+ points in this week.
Sensex is trying to recover from last weeks and has achieved the 58,000 levels but failed to sustain and came back to 57,000 levels.
Now 57,000 levels is a current support if it sustain here then it will come back to 58,000 levels.
Sensex is struggling here between 57000-59,000 levels and this is small down trend seeming.
Nifty50: 16,985.20
Nifty 50 Closed at 16,985.20 levels and down by 585.83 points in this week or (3%).
Nifty looks bearish in this week. Nifty 50 came below 17000 support levels again. 17000 is very good support for nifty but it broke again.
It is a fluctuation state for nifty and will recover in comming weeks and nifty will sustain above 17500 level to hit new high levels.
This is small decline as if we look the previous moves of nifty for oct -nov month.
Waiting is good strategy to take big advantages of nifty50 in comming month.
Nifty Bank : 35618.65
Nifty bank hits the nearly low levels again in this week. Nifty bank lost nearly 1500 points In week or lost by 4% .
It was sustained above 36,400 levels but failed and came down.
Nifty bank is not in good state because it is constantly failing from high levels and breaking the created support for upside moves.
36,000 was the good support for nifty bank but it has broken. It needs to create a strong support to sustain here otherwise it falls again.
In nifty bank there is some small spikes of ups and downs happening so it is better to keep your
investing away from banking sector for some time.
Key Points To Know:
Markets is at negative side and looking bearish but it's not.
For trader it is good condition to make profit by taking advantages of negative falls.
Investor lost money in this week but it will recover in comming weeks so wait and enter at right position.
Trading is good but invest some of your capital in good stocks to take advantage of Some down falls of market.
Mutual funds investments has been increasing because of online process and less money crediting time period.
Thursday and saturday was very good for equity intraday traders
Sensex will surely hit new high levels in new year according to it's current movements.
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