Week analysis report (20-24Dec)

Indian Stock market week analysis report,sensex,nifty50,niftybank

Indian market recovered good than last week sudden fall


Sensex : 57,124.31

Sensex down by 112 points or -(0.90%) than last week. Sensex keep the 57,000 level and closed above it. Sensex was dropped but recovered form the stumbled state of last week at friday. It has recovered well from the 55100 level. Sensex moved 1000 points in this week.

Sensex kept the 57,000 Level for last two days as said in last week and this is good sign it will increase. Sensex will sustain above 57,000 levels because this is a strong support levels for it.


Nifty50:17003.75

Nifty has down by 18.55 points or (-0.10%) in this week. It lost less points as looks recovering from the last week sudden drop. Nifty has closed above 17000 level but need to wait,to sustain above here. The 16,800 level remains the support for this week and will for coming week you can keep in mind for trading in nifty bank.


Niftybank:34857.6

Nifty bank down by 761 points or (-2.13%).nifty is constantly decreasing from high levels. It is a small recovery form last week but needs a strong support to recover. For trading the 34,500 remains the current support levels for this week. If it will sustain here then can hit 35,500 levels in next week but chances are less.



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Categories :

Investment
Trading
Mutual fund
Stocks

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