The first trading week of the year 2021 did tremendously well and beyond expectation. The outgoing week demonstrated a net gain of +1220 index points or 2.74%. The bulls took out two fresh resistance levels with ease, reaching our predicted high of 45500 +/- 300 relatively quickly. However, signs of exhaustion are starting to emerge, and looking forward we may witness a cycle of profit-taking. On the downside, previous resistance will now be acting as support with any major downtrend exposing 43800 +/- 300 once again. While on the upside, we keep our view limited and do not expect any major breakout. There is intermediate resistance at 46100 +/- 100 and critical resistance at 46800 +/- 300. Expectations may be wrong but with signs of obvious exhaustion, one must practice caution to protect profit. The week ahead will be a major decisive moment.
If you enjoyed reading this update, please let us know in the comments below.
Always enjoy your blog. It's always a master piece from Master. Your prediction in blog are marvelously correct and to the point. Please keep it upReplyDelete
Very well explained stock master.ReplyDelete
Rightly said masterReplyDelete
Well done Master. what is the next resistance?ReplyDelete
Excellent Analysis. Fateh Bhae (Genuine & Really Stock Master)ReplyDelete
Wow, what a great analysis, Master you are real Genius, thank you for Guiding us. Stay BlessedReplyDelete
Very precise, concrete and informativeReplyDelete
Master very excellent update i have no knowledge about technical but blive me when i attached with you through telegram im able to understand or approching to technical little bit i think index May take correction between 42800 till 43500 if I'm wrong then correct me JAZAK ALLAH KHER for your excellent analysisReplyDelete
Its clear and concise. ThanksReplyDelete
Excellent analysis sirReplyDelete
Pertinent and in depth analysis. One should remain cautious to secure profits. ExcellentReplyDelete
Awesome as usual.ReplyDelete
Up to the mark analysis...
Brief, yet covering every aspect of market..ReplyDelete
Master always stick to the point and we always looking forwad to his weekly analysis that tecplains whats next possiblities. It actually helps us alot in trading and squeeze our positins.ReplyDelete
Thanks for your time and efforts.
Spot on Analysis.ReplyDelete
Thanks master for sharing. Always a great learning experience when something comes from you. Regards Shakeel.ReplyDelete
It's a good read. So no further upside expected?ReplyDelete
Very concise, yet aptly written.ReplyDelete
Great and on spot as always!ReplyDelete
Good and on-spot as always!!ReplyDelete