Market Weekly Analysis Edition – NIFTY – 23 DECEMBER 2019 – 03 JANUARY 2020

In a weekly analysis, we analyze the whole week’s movements and predicting the next week’s movements. This week was the same for both buyer and seller as neither the bulls gains nor the bears loses. This week the Nifty index ends below 12250, Niftybank index settled above 32400 and the Sensex closed at 41575. This week the Nifty index loses –26 points, Niftybank index gains 27 points and the Sensex loses more than –100 points.


On a week to week basis, the Nifty index opened at 12235.45 went up to 12287.15 and closed at 12245.80 after making the low of 12118.85. Niftybank index opened at 32381 and stay volatile between 32503 to 31963 and settled at 32412.55.

As per the last view, ‘if the Nifty index holds above 12100 then it can go up to 12350 to 12500 and if the Nifty index breaks below 12100 then it can fall till 12000 to 11950’ and the index went up to 12287 after making the low of 12118.

For the next week’s trading, if the Nifty index breaks above 12295 then further upside rally can be seen till 12350 or more. If the Nifty index breaks below 12200 then it can fall till 12120 to 12050.


Above is a daily chart of the Nifty index and it can be seen that the index continues trading in an uptrend. Currently the Nifty reciting below 12295 and taking support at 1200012050. Technically, the market looks good new high can be seen in the coming week. If the index breaks above 12295 then it will continue its upside momentum and if it breaks below 12120 then it can fall further.

Nifty trading zone from 30-12-2019 to 03-01-2020

Upside resistance(weekly):-  12315, 12385, 12550

Downside support(weekly):- 12215, 12145, 12050.


INGERRAND Special Dividend – Rs. – 25.0000 30 Dec 2019 31 Dec 2019
JINDALPOLY Spin Off 30 Dec 2019 31 Dec 2019
PEL Right Issue of Equity Shares 30 Dec 2019 31 Dec 2019
POOJA Bonus issue 1:1 02 Jan 2020 04 Jan 2020


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