18 August 2018

NEXT WEEK NIFTY PREDICTION & CHARTS 20 TO 24 AUG 18

WEEKLY RESISTANCE FOR NIFTY:11550,11625,11700
 PIVOT POINT: 11400
WEEKLY SUPPORT FOR NIFTY :  11400,11325,11275
WEEKLY CHART FOR NIFTY
DAILY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 11525,11550,11575
PIVOT POINT:11450
DAILY SUPPORT FOR NIFTY :  11425,11400,11375
Nifty closed the week on positive note gaining around 0.67%. As we have mentioned in our previous post that the index is trading at all time high so supports & resistance levels are shifting gradually higher day by day. Resistance for the index lies around 11525 to 11550 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11575 to 11600. During the week the index manages to hit a high of 11507 and close the week around the levels of 11488.
LAST WEEK NIFTY 

17 August 2018

NEXT WEEK BANKNIFTY PREDICTION & CHARTS 20 AUG TO 24 AUG 18

CALLS GIVEN IN YESTERDAY'S POST
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WEEKLY RESISTANCE FOR BANK NIFTY :28500,28650,28800
PIVOT POINT: 28000
WEEKLY SUPPORT FOR BANK NIFTY:  27900,27800,27600
WEEKLY CHART FOR BANK NIFTY























DAILY RESISTANCE FOR BANK NIFTY :28200,28300,28400
 PIVOT POINT: 27800
DAILY SUPPORT FOR BANKNIFTY:  27700,27600,27500
DAILY CHART FOR BANKNIFTY


On the back of negative global cues, the Nifty Bank index opened down with a gap of about 330 points in Monday’s session. Although the index attempted a minor pullback during the day, the sell-off in certain index heavyweights dragged the index around its opening levels and it ended the day with a cut of more than a percent. Post the sharp sell-off on Monday, the index opened on a positive note on Tuesday following favorable global cues. The index rallied during first hour of the trade to fill the Monday's gap area and then consolidated throughout the day to end the session tad above the 28000 mark. On the trading holiday in Indian markets on Wednesday, the global markets had a negative momentum which had a weak sentimental impact during opening on Thursday. The Nifty Bank index, which ended the previous session in the recent gap area, opened with a cut of about 185 points. Although the index recovered the losses during the first hour, it ended the session near the opening with a cut of about seven-tenths of a percent. On Friday bank nifty closed at at all time high closing level at 28169 after making high of 28209.
Post a positive closing on Friday, a follow-up move was not seen yesterday which was required for a resumption of the uptrend. This indicates that on a shorter time frame, the index is in a corrective phase and as mentioned in our earlier reports, we are of the view that the index is just undergoing a corrective phase within an uptrend. The near-term supports for the Nifty Bank index are placed around 27600 and 27400 whereas a move above 28300 is required for a resumption of the uptrend. Positional traders are advised to adopt a buy on dips strategy whereas intraday traders should be trade with proper risk management strategy.

16 August 2018

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 17 AUG 2018

"SELL ICICIPURLI FUTURE BELOW 390 TGT 387/382 SL 396"
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It was a tough day for bulls. Nifty future has closed today on negative note losing 46.45 points or 0.41% down. The nifty was down today, tracking weak global cues on concerns over Turkey's financial crisis amid sustained foreign fund outflows. The Indian rupee fell to an all-time low of 70.32 against the dollar in opening deals as sentiment weakened after July trade deficit widened and as the US dollar continued to strengthen against Asian peers. As we have mentioned in our previous post that the index is trading at all time high so supports & resistance levels are shifting gradually higher day by day. Resistance for the index lays around 11450 to 11500 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11525 to 11555. Today the nifty future managed to hit a high of 11460 and low of 11377 & closed the day on the levels of 11417.

14 August 2018

NIFTY TIPS FOR 16 AUG 2018

The Nifty50 rebounded after two-day losses and extended rally as the day progressed despite volatility in the rupee which touched 70-mark per dollar for the first time on Tuesday.The index closed decisively above psychological 11,400 levels despite mixed global cues, forming bullish candle on the daily candlestick charts.The rally was broad based as all sectoral indices ended in the green with Pharma leading the charge with 3 percent rally. The broader markets also participated in the upmove, with Nifty Midcap index rising a percent.The Nifty50 after opening higher at 11,381.70 extended gains as the day progressed and crossed 11,400 levels to hit an intraday high of 11,452.45. The index closed 79.30 points higher at 11,435.10.The index formed bullish candle but technical oscillators on lower time frame charts are still on sell mode which is a cause for concern.Bank Nifty opened positive and managed to rebound towards 28,050 zones
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Resistance: 11400, 11450, 11500

Support: 10350, 10300, 10250

13 August 2018

NIFTY OUTLOOK FOR 14 AUG 2018


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Bears continued to dominate Dalal Street for the second consecutive session on Monday as the Nifty50 fell sharply, closing far below the psychological 11,400-mark following Turkey crisis and further weakness in the rupee against the US dollar.The Nifty50 after opening sharply lower and breaking 11,400 levels extended losses as the day progressed and hit an intraday low of 11,340.30. It did manage to claw back above 11,400 in afternoon but failed to hold the same level and closed 73.70 points lower at 11,355.80.

10 August 2018

BANKNIFTY WEEKLY PREDICTION & CHART FOR 13 AUG TO 17 AUG 18

WEEKLY RESISTANCE FOR BANKNIFTY :28500,28650,28800
 PIVOT POINT: 28000
WEEKLY SUPPORT FOR BANKNIFTY:  27900,27800,27600
WEEKLY CHART FOR BANKNIFTY


The Nifty Bank index started the week with a gap up opening and continued its positive momentum to end the session with gains of about three-fourths of a percent at 27960.On Tuesday The Nifty Bank index traded in a narrow range of 160 points throughout the session and ended the day with a negligible loss at 27947. Wednesday’s trading session, the Nifty Bank index opened on a positive note and rallied higher to cross the 28000 mark for the first time ever. The index continued the positive momentum led by some of the index heavyweights and ended the session with gains of 0.67% over its previous day's close at 28127. On Thursday Nifty Bank index opened gap up and continued the positive momentum throughout the session. The index ended the session with gains of almost a percent over its previous day's close at 28351.on Friday nifty bank index opened the session at 28342 made a high of 28380 and low of 28150 & finally closed the week at 28154 down by 197 points.

NIFTY WEEKLY PREDICTION & CHART FOR 13 AUG TO 17 AUG 18

WEEKLY RESISTANCE FOR NIFTY:11550,11600,11650
 PIVOT POINT: 11450
WEEKLY SUPPORT FOR NIFTY:  11375,11325,11275
WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 11475,11500,11530
PIVOT POINT: 11400
DAILY SUPPORT FOR NIFTY :  11375,11350,11325
DAILY CHART FOR NIFTY

The merry days continues for our market after undergoing some stressful period but on Friday bulls were in off mood The silver lining is that Nifty still holds 11,400 mark, while the Sensex has remained positive for the whole week. Unlike previous week, the intra-week action was not as smooth as it was; but as we generally say all is well that ends well. Index managed to reclaim the 1140 mark with an authority; bringing the smile back on lot of retail investors.  Last week’s smart recovery was followed by a gap up opening in the current week.  As the week started domestic as well as global front was quite conducive for our markets. Subsequently, we witnessed a hint of profit booking at higher levels; but, overall we can say the intraday price action was quite lethargic and range bound to conclude tad below the 11400 mark.  On Monday nifty future has closed at 11414. On Tuesday nifty opened higher owing to strong cues from the global peers. However, it appeared as if we had some other plans as we shrugged off these positive cues and remained in a slender range throughout the session. Within this consolidation, index was clearly struggling to go pass the 11400 mark. Nifty future closed Tuesday at 11418. On Wednesday certainly a good start for our market as we saw index opened above the 11400 mark as indicated by the SGX Nifty. There was some initial profit taking seen from higher levels; but didn’t last long. The index once again reclaimed its highs as we saw strong buying emerging in some of the heavyweights. In fact, the momentum accelerated towards the fag end to reach yet another milestone of 11450. Nifty future made a high of 11476 & closed the day at 11467.On Thursday after 2 days of relaxation bulls were back in racing mood. After clocking a fresh milestone of 38,000, the Sensex has managed to end the day above this mark. In the nifty future today race has started from the highest ever level 11498 after that it made a high of 11504 came down to 11467  & finally it has closed the day at 11484. On Friday nifty future was trading little of bit after achieving 11485 it came down to 11430 & closed at 11435 down by 52 intraday points.

9 August 2018

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 10 AUG 2018


A new day & a new achievement for bulls…!!!  After 2 days of relaxation bulls are back in racing mood. After clocking a fresh milestone of 38,000, the Sensex has managed to end the day above this mark. In the nifty future today race has started from the highest ever level 11498 after that it made a high of 11504 came down to 11467  & finally it has closed the day at 11484. Total 37 points nifty future has moved in intraday. Where banknifty future has started the day from 28224 made a high 28386 and low of 28177 & finally closed the day at 28386, total 209 points banknifty future has moved in intraday. Banks led the rally for equity benchmarks, with major gains coming in from PSU banks. It looks like there is no stopping the bulls. Not only are they in the driver’s seat for August 2018, they are ensuring that the car is in for a long drive. Investors are hopeful of stellar June quarter numbers from State Bank of India on Friday and hence placed big bets on the stock. This fueled the up move in banks in general. Additionally, buying counters were also buzzing in ICICI Bank and Axis Bank, which helped the market climb to new highs on Thursday.