NIFTY 50 PERFORMANCE OF THE WEEK-53/2020

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Market’s performance was good in this week-53 and it performed with average volatility toward stable bullish trend from start to end of the week. In this analysis we will analyze both weeks nifty 50’s performance then we get a proper conclusion on which week was good for nifty 50. In week-52 at Monday nifty opened with minor down gap value and then it performed with high volatility toward both trend direction (bullish and bearish trend) due to high volatility at Monday nifty gave big down fall that was less then -3.00% after this down fall nifty recovered very fast that recovery was a positive signal for next week performance and gave three positive bounce that was greater then +1.00% due to this high volatile performance nifty closed with minor loss for weekly performance. In week-53 at Monday nifty 50 opened with minor positive gap value then it performed toward stable bullish trend due to a particular trend direction at end day of the week nifty closed with good gain for weekly performance.

In week-52 at Monday nifty 50 opened with minor down gap value (-18.65), 13741.90 point and at Thursday closed with 13749.25 point and it gave (-0.08%) loss for weekly performance during this week nifty performed in very short range (-11.30) and it made resistance level 13700+ points and support level 13300+ points. In week-53 at Monday nifty 50 opened with minor positive gap value (+65.90), 13815.15 points and at Friday closed with 14018.50 points and it gave (+1.96%) gain for weekly performance during this week nifty performed in positive mid range (+269.25) and it made resistance level 14000+ points and support level 13800+ points. After analyzed both weeks nifty’s performance we can say week-53 was good due to some sectors in nifty index performed good such as, Auto sector, Banking sector, Finance sector, Cement sector.

Nifty 50 performance in this week-53 such as, at Monday nifty opened with 13815.15 and closed with 13873.20 (+0.90%) gain. At Tuesday nifty opened with 13910.35 and closed with 13932.60 (+0.43%) gain. At Wednesday nifty opened with 13980.90 and closed with 13981.95 (+0.35%) gain. At Thursday nifty opened with 13970.00 and closed with 13981.75 (-0.00%) loss. At Friday nifty opened with 13996.10 and closed with 14018.50 (+0.26%) gain.

*Nifty 50’s Performance Table Of The Week-53 Given As Below:

*Nifty 50’s Top Gainer Stocks Of The Week-53 Given As Below:


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