23 July 2016

NIFTY WEEKLY REPORT FOR 25 JULY TO 29 JULY 2016

WEEKLY RESISTANCE FOR NIFTY: 8564, 8591, 8627, 8666
PIVOT POINT: 8538
WEEKLY SUPPORT FOR NIFTY :  8499,8466,8439,8413
WEEKLY CHAT FOR NIFTY



















DAILY RESISTANCE FOR NIFTY: 8557, 8575, 8587,8599
PIVOT POINT: 8538
DAILY SUPPORT FOR NIFTY :  8526, 8514, 8496, 8477
DAILY CHART FOR NIFTY



















Sensex opened the week at 27938, made a high of 28027, low of 27641 and closed the week at 27710. Thus it closed the week with loss of 142 points. At the same time the Nifty opened the week at 8432, made a high of 8604, low of 8422  and closed the week at 8557. Thus it closed the week with gain of 227 points. Markets recouped on friday losses to end marginally higher on reports that the GST constitutional amendment bill has been listed for discussion in the Rajya Sabha next week.
BIAS REMAINS POSITIVE.
Last week was a ‘nothing’ week as the indices continued to trade in a very narrow range. Nifty continues to move in a small range (8594-8476) of just 118 points. This can be termed as a Consolidation with a bullish bias. A narrow range seems like a precursor of a bigger move which is likely to follow. A break on the lower side of the range will lead the Nifty to test the weekly Bullish Gap between 8407-8398; whereas a bullish breakout to the trading range will lead the Nifty towards the Flag target of 8869.

22 July 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 25 JULY 2016

The market ended with smart recovery on Friday amid a volatile trading session. Sentiment got a fillip after reports stated that the Rajya Sabha will take up GST Bill for discussion next week.  For the most part of the day, the Sensex and Nifty traded in a rangebound fashion. The Sensex touched high of 27832 and low of 27646.  The Sensex ended with a gain of 93 points at 27803. The benchmark indices opened at 27722 touched an intra-day high of 27832 and low of 27646. The Nifty closed 31 points higher at 8541 points. It opened at 8520 points, hitting a high of 8549 and low of 8490. There is a concern which is now coming back into PSU banks, people are worried about their asset quality. That is why investors are getting cautious and booking profits there.

21 July 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 22 JULY 2016

“SELL VEDL FUTURE BELOW 157.70 TGT 156.40/155.20 SL 159.90”
“BUY BANKNIFTY FUTURE ABOVE 18750 TGT 18800/18850/18900 SL 18700”
Bulls can’t sustain in the market as the bears took the driver seat & made nifty to witness the level of 8504. The market opened marginally higher but slipped into the negative zone despite positive global cues. The Sensex on Thursday tanked 205 points, while the broader Nifty slipped below 7550-mark. The sensex & nifty edged lower after hitting its strongest close in nearly a year in the previous session as caution prevailed ahead of corporate results and investors awaited progress on the GST bill. Sentiment also remained buoyant as a good monsoon season so far lifted hopes of a revival in farm output as well as income and on optimism over the GST bill’s passage. The market came down, as investors failed to get a boost, with government expressing hope that the Rajya Sabha will clear the GST Bill in the first week of August on the back of support from regional parties. The Sensex ended with a loss of 205 points at 27711. The Sensex opened at 27981 touched an intra-day high of 27989 and low of 27687. The NSE Nifty closed with a loss of 58 points at 8508. The Nifty opened at 8583 hitting a high of 8585 and low of 8504.

20 July 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 21 JULY 2016

"BUY NIFTY ABOVE 8562 TGT 8595/8630 SL 8520"
Market has ended in positive terrain on Wednesday, robust progress in monsoon influenced trading sentiment. The Sensex ended with a gain of 128 points at 27916. The Sensex opened at 27776 touched an intra-day high of 27935 and low of 27760. The Nifty closed with a gain of 37 points at 8566. The Nifty opened at 8515 hitting a high of 8570 and low of 8512.

19 July 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 20 JULY 2016


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The market is flat with the Nifty hovering around 8500The 50-share index is up 4 points at 8512. Trading volumes were thin, with investors also waiting for other corporate earnings and the progress of the Monsoon Session of Parliament amid hopes the government would be able to push through a revamp of the goods and services tax.
A range bound movement was witnessed as key benchmark indices languished in negative zone in mid-afternoon trade.  Finally, the Sensex ended with a gain of 41 points at 27788. The Sensex opened at 27790 touched an intra-day high of 27826 and low of 27638. The Nifty closed with a gain of 20 points at 8529. The Nifty opened at 8514 hitting a high of 8540 and low of 8477.

18 July 2016

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 19 JULY 2016

"BUY IDEA FUTURE ABOVE 105.4 TG 106.7/108.2 SL 103.2"
"BUY SBIN 225 PUT @ 3.6 TG 4.9 / 5.75"
The Week has started on positive note, but at the time of closing it came down. Wiping out most of its early gain the market closed lower on Monday. The Sensex ended with a loss of 90 points at 27747. The Sensex opened at 27920 touched an intra-day high of 28014 and low of 27697. The Nifty closed with a loss of 33 points at 8509. The Nifty opened at 8564 hitting a high of 8587 and low of 8494.

16 July 2016

NIFTY WEEKLY REPORT FOR 18 JULY TO 22 JULY 2016

WEEKLY RESISTANCE FOR NIFTY: 8580, 8632, 8661, 8689
PIVOT POINT: 8527
WEEKLY SUPPORT FOR NIFTY :  8499,8470,8418,8364

WEEKLY CHAT FOR NIFTY

















DAILY RESISTANCE FOR NIFTY: 8580, 8599, 8620,8641
PIVOT POINT: 8562
DAILY SUPPORT FOR NIFTY :  8541, 8520, 8500, 8483
DAILY CHART FOR NIFTY

















Sensex opened the week at 27208, made a high of 28039, low of 27047 and closed the week at 27852. Thus it closed the week with gain of 726 points. At the same time the Nifty opened the week at 8432, made a high of 8604, low of 8422  and closed the week at 8557. Thus it closed the week with gain of 227 points. The Indian stock market closed lower on Friday with the Nifty closing above the 8550 mark. The benchmarks under-performed the Asian peers, as index heavyweight Infosys posted disappointing results and slashed revenue forecasts. 
CONSOLIDATION AUGURS WELL FOR BULLS.
In a Bull market, it is normal to have a consolidation after a sharp upward move (more than 227 points on Nifty in 6 trading sessions). The current consolidation augurs well for the Bulls, as it will provide adequate strength to the Bulls to challenge the immediate short term top (Nifty 8600) and then continue with its upward journey. One positive aspect for the week was the Sensex closing above the strong Retracement level of 61.8% i.e. 27852 for three trading sessions. As long as it trades above this level, one can expect the indices to challenge their life time highs.

15 July 2016

NIFTY OUTLOOK & ROCKING FUTURE OPTION CALLS 18 JULY 2016

"ROCKING TATASTEEL OPTION STRATEGY 42800 PROFIT FOR MORE UPDATES VISIT OPTION TRADING TIPS"


Our words played a leading role in the action of nifty witnessed today.
The market closed lower on Friday with the Nifty closing below the 8550 mark. The Sensex and Nifty ended lower on Friday, under performing Asian peers, as blue-chip Infosys Ltd declined as much as 10.6% after the software services exporter posted disappointing results and slashed revenue forecasts. After a lot of struggle, the market has ended lower. The Sensex is down 105 points at 27836, and the Nifty fell 23 points at 8541. The Sensex ended with a loss of 106 points at 27836. The Sensex opened at 27966 touched an intra-day high of 28048 and low of 27736. The Nifty closed with a loss of 24 points at 8541. The Nifty opened at 8565 hitting a high of 8594 and low of 8510.
For any uptrend 8600 will be the resistance. For making new high nifty have to pass out 8300 resistance level after that 8630 & 8655 will be the target for nifty, whereas 8480 will be the best supporting level. For any correction nifty have to crack 8455 level, once 8455 will break 8400 would be the target for nifty.
Supports: 8480, 8450, 8400
Resistances: 8600, 8630, 8650