Showing posts with label NIFTY OUTLOOK FOR TOMORROW. Show all posts
Showing posts with label NIFTY OUTLOOK FOR TOMORROW. Show all posts

Friday, August 11, 2023

NIFTY WEEKLY OUTLOOK FOR 14 AUG 2023

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On August 11, the benchmark indices concluded the trading day with consecutive declines, and the Nifty closed below the 19,450 mark. The Sensex finished lower by 365.53 points or 0.56 percent, settling at 65,322.65, while the Nifty experienced a decrease of 114.80 points or 0.59 percent, ending at 19,428.30. Of the shares traded, 1491 advanced, 1988 declined, and 136 remained unchanged.The Nifty’s top performers included HCL Technologies, Titan Company, Power Grid Corporation, UltraTech Cement, and Reliance Industries, whereas IndusInd Bank, NTPC, SBI Life Insurance, Divis Labs, and UPL were among the prominent losers.Within different sectors, the PSU Bank index recorded a gain of 1.2 percent, in contrast to the pharma index which saw a decline of 1 percent. Additionally, the bank, auto, FMCG, metal, and oil & gas sectors all experienced a decrease of 0.5 percent each.Prediction For Monday NIFTY can go up if it goes above 19500 or go down after the level of 19400 but all depend upon the Global cues.Today nifty opened in yesterday’s range after that it goes in the downward direction just after that it was in a range with high volatility and closed near today’s low. For Monday market can go in any of direction depending on the US market. So just follow the level above. 

Thursday, August 10, 2023

NIFTY OUTLOOK FOR 11 AUG 2023

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Nifty fell on August 10, post a hawkish sounding RBI MPC meet outcome. At close, Nifty was down 0.46% or 89 points at 19543. Volumes on the NSE were higher than recent average. Broad market indices fell less than the Nifty even as the advance decline ratio dipped below par at 0.78:1.Global benchmarks mostly rose Thursday ahead of a closely watched US inflation report that investors expect will influence the Federal Reserve’s next policy move. Some Asian stocks were down on Thursday, still reeling from China's slip into deflation.The RBI MPC at its meet on August 10 held the rates and stance unchanged even with a sharp increase in inflation forecast from 5.1% to 5.4% for FY24. We expect rate cut perhaps in Q1FY25 but that would be data dependent. Banks may not help Nifty to continue to rise and focus could shift to other sectors in the near term.Nifty is finding it tough to cross 19645 on the up but keeps taking support at 19440. A break of this band on either side could determine the near future trend of the Nifty.


Saturday, June 24, 2023

NIFTY OUTLOOK FOR WEEK (26-30) JUN 2023

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Nifty broke out above the 18,800 level and is close to surpassing the peak of 18,887 levels, accompanied by a long positive candle with minor upper shadow on the daily charts. The MACD showed a bullish crossover with a resistance level of 19,000 predicted to be on the horizon. Although the RSI and Nifty can keep the index strong, the moving averages are below the current index value, which reinforces a bullish outlook. Finally, the writers of call options at the 18,800 strike were seen closing their positions, signaling positive sentiment. Domestic equities suffered significant losses on Friday (June 23) amid weak global cues as investors remained concerned over sticky inflation, rate hikes and their impact on global economic growth. Shares of Reliance Industries, Infosys, Larsen & Toubro, SBI, TCS and ITC ended as the top drags on the equity benchmark Sensex.

Top gainers, losers today: Adani stocks, IndusInd Bank, SBI, Bharti

Our  Views on Markets

However, the domestic market is not expected to experience a significant correction due to favorable domestic economic indicators and a correction in international commodities prices to sustain earnings growth on a quarter-on-quarter basis. Technical Views on Markets It is observed that  intraday and daily charts, the Nifty formed a double top formation and also formed a bearish candle on weekly charts which is broadly negative.For traders, the 20-day SMA (simple moving average) or 18,650 would act as a sacrosanct support level. If the index trades above this, then it could retest the level of 18,880 and move up to 19,000. Below the 20-day SMA or 18650, the market could slip to 18,500-18,450 The Bank Nifty has formed a lower top formation and is currently trading near the 50-day SMA. For bank nifty traders, a 50-day SMA or 43,500 would act as a key support level, above which a quick pullback rally to 20-day SMA or 44,000-44,300 is possible. On the other side, below 50-day SMA or 43,500 it could slip to 43,300-43,000.The Nifty has shown weakness recently, as it has experienced a decline for two consecutive days.
The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Thursday, June 22, 2023

NIFTY BANKNIFTY OUTLOOK & STOCK PICKS FOR 23 JUNE 2023

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Benchmark indices fell in early trade on Thursday, facing heavy volatility, amid emergence of profit-taking and negative trend in the US markets.From the Sensex pack, Infosys, Power Grid, Wipro, Kotak Mahindra Bank, Tech Mahindra, Bajaj Finance, Hindustan Unilever and Nestle were the biggest laggards. Tata Steel, Mahindra & Mahindra, ICICI Bank, HDFC Bank, HDFC, Maruti, ITC and Reliance Industries were among the major gainers. In Asian markets, Seoul quoted in the green, while Tokyo traded lower. The US markets ended in the negative territory on Wednesday. Weak global cues following a retreat on Wall Street after the Federal Reserve Chair indicated that inflation still isn't under control, Indian equity markets closed in the red on Thursday. Selling was seen across all sectors.The broader NSE Nifty dropped 85 points to end at 18,771 as investors turned cautious with benchmark indexes at near record levels...
WE ARE DOING OUR RESEARCH..STOCKS FOR TOMORROW WILL BE UPDATED ANY MINUTE...STAY TUNNED

The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Resistance:  18850, 18950, 19100  

Support: 18750, 18650, 18550

Saturday, December 17, 2022

NIFTY OUTLOOK FOR WEEK (19-23 )DEC 2022

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 The headline equity index Nifty formed a bearish candle on Friday with a long upper shadow on the daily chart, indicating a sell-on-rise market mood. Now, as long as it remains below 18350, areas of weakness include 18081 and 18000, while obstacles include 18350 and 18442. The data on options point to a shift in the trading range from 18000 to 18600 zones and an immediate range from 18100 to 18500 zones. From 13.73 to 14.07, the fear gauge index India VIX saw a 2.48 percent increase. After a long time, the market reacted sharply on the negative side, causing volatility to rise from its lows. On intraday charts, chart readers noted a double top reversal formation and a lower top formation on the daily scale, pointing to further downside from the current levels. We anticipate that the 50-day SMA or the 18100-18000 levels will serve as support for the index during the following week. On the other hand, the index could test the 20-day SMA or 18550 above 18400, which could serve as immediate resistance. The index could reach 18700 in the event of additional upward movement. According to the weekly chart, the Nifty may fall to the next significant support of 18100-18000 levels in the upcoming week after falling below the crucial immediate support of 18500 levels. 18450-18500 levels represent immediate resistance. On a closing basis, the nifty has now slipped below the crucial swing low of 18350. The price structure should suggest that the development does not bode well for the bulls. A close below this support raises the possibility of a week-long correction. Despite our bias, we are still unconvinced by this close. In the upcoming sessions, only a follow-through selling strategy may result in further weakness toward 18130-18000-17900. Regardless of whether this situation works out, we don't anticipate that the revision should bother underneath the lower end of this help range. As long as we are able to maintain this, the higher degree up trend does not change.


Monday, November 14, 2022

NIFTY OUTLOOK FOR 15 NOV 2022

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After a sharp bounce in the previous session, the Indian equity benchmarks ended lower on November 14 on mixed global cues, with the 30-pack Sensex closing 170  points  down at 61,624 and the Nifty 20  points lower at 18,329.The market opened flat and traded in the red for the most part of the session, finishing near the day's low. Although there were favourable domestic indicators, the market was under pressure due to weakness in the US and other Asian markets. India's wholesale inflation dropped below forecasts, aided by a slowdown in the prices of manufactured goods and fuel & electricity. In absence of any major event, participants will be eyeing crucial macroeconomic data viz. CPI and WPI inflation for cues. Besides, the performance of global indices and foreign flow trends will also remain on their radar. As we enter the last leg of the earnings season, companies like Biocon, Bharat Forge, Grasim, ONGC and IRCTC will announce their numbers along with several others. We’re gradually progressing towards the record high now, however, mixed signals from the global front are still keeping the momentum in check. Besides, we have not seen broad-based buying yet and participation from the index majors is also restricted.

 Resistance: 18300, 18350, 18440

Support: 18240, 18180, 18100

Monday, July 25, 2022

NIFTY OUTLOOK FOR 26 JULY 2022

The Nifty50 fell for the first time in the last seven consecutive sessions on 25 July 2022 ,week begging Monday .Oscillators like relative strength index and Stochastic also showed a downward move, indicating that the sentiments may have turned negative ahead of the Fed meeting. All these aspects indicate that this can be a profit taking after a six-day run-up we saw till last Friday, and traders seem to be cautious ahead of the US Federal Reserve's July policy meeting. As far as it gets support at 16,520 levels and around the big gap area of 16,360-16,490 levels created in the previous week, the positive trend seems to be intact. The selling in auto, pharma, select banks, FMCG and financial services stocks pulled the market down. The broader markets were also under pressure, largely may be due to profit taking as the Nifty Midcap 100 index was down 0.09 %  and the Small cap 100 index declined 0.6 percent on weak market breadth. About three shares declined for every two shares rising on the NSE. The Nifty50 opened lower at 16,663 and remained in negative terrain throughout the session. It touched an intraday high of 16,706 and low of 16,564, before closing the day at 16,631, down 88  points.

 Resistance: 16600, 16650, 16700

Support: 16500, 16450, 16400 

Wednesday, November 24, 2021

NIFTY OUTLOOK FOR 24 NOV 2021

Pre-open session indicates decent opening gains for benchmark indices. The S&P BSE Sensex was at 58,836 levels, up 171 points at 9:07 AM while the Nifty50 eked out 46-point gain and was at 17,550.

Markets in morning session will be marginally positive.

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Resistance: 17700, 17800, 17900

Support: 17600, 17500, 17400

Monday, November 22, 2021

NIFTY OUTLOOK FOR 23 NOV 2021

At close, the Sensex was down 1,170.12 points, at 58,465.89, and the Nifty was down 348 points,at 17,416.50.All the sectoral indices ended in the red, with Nifty Bank, auto, energy and PSU bank indices down 2-4 percent.

Technical View

The Nifty formed a big bearish candle on the daily scale and formed lower highs-lower lows from the fourth straight session.If the Nifty remains below 17,500, weakness could continue towards 17,250 and 17,000, whereas upside hurdles exist at 17,650 and 17,777,.The short-term trend has been disrupted. If the momentum continues, the index can slide to 16,850. 

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Resistance: 17600, 17700, 17800

Support: 17500, 17400, 17300




Wednesday, November 17, 2021

NIFTY TREND FOR 18 NOV 2021

After a gap-down opening, the benchmark index continued the downside move throughout the day and settled at 17898 levels with a loss , while Bank Nifty slipped more than 200 points to close at 38041 levels. Technically, the index has formed a bearish candle on the daily time frame  which shows weakness in the counter. For the second straight day, Reliance Industries accounted for almost 50 per cent of the Sensex loss. The stock ended 2 per cent lower at Rs 2,462. Axis Bank and Kotak Bank were also down around 2 per cent each. On an hourly chart, the index has given a trend line breakdown, which points out some corrections. Furthermore, the index has given closing below 21 DMA as well as the stochastic indicator is trading negative crossover. At present, the index has support at 17750 levels, while resistance is at 18100 levels.

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Resistance: 18100, 18200, 18300

Support: 18000, 17900, 17800




Tuesday, November 16, 2021

NIFTY OUTLOOK FOR 17 NOV 2021

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Nifty ended on negative note on November 16  below 18000 dragged by the bank, pharma, oil & gas and metals stocks.Markets edged lower in a volatile session despite stable global cues. Finally, Nifty settled at 17,999  down by 0.6%. Amid all, a mixed trend was witnessed on the broader front wherein midcap ended lower and smallcap closed marginally in the green. On the technical front, markets are trading around the key support zone of ~ 18,000 levels and if it sustains above this level for a few more sessions, we can see a good up move in the near term. Immediate support and resistance in Nifty 50 is 17,850 and 18,250 respectively. Technically, the index has formed a bearish candle on the daily time frame, which shows weakness in the counter. On the hourly chart, the index has been trading with lower highs lower lows, which point out some corrections for the next trading session. 

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Resistance: 18100, 18200, 18300

Support: 18000, 17900, 17800



Tuesday, February 25, 2020

NIFTY OUTLOOK FOR 26 FEB 2020

The Nifty opened higher as an attempt to rebound after 2 percent correction seen in the previous session, but turned volatile for the rest of the session and finally settled moderately lower on February 25. Traders remained concerned over the spread of the coronavirus in other parts of the world outside of China, including Italy, Iran, Kuwait, etc.The index closed a tad below 11,800 levels and formed a bearish candle on daily charts as closing was lower than opening levels. Stocks witnessed a lacklustre trade on Tuesday amid lack of any

Monday, November 18, 2019

NIFTY OUTLOOK OF 18 NOV 2019

Monday turned out to be a listless day for the benchmark indices; however, broader market witnessed some buying. The Nifty which flirted with 12000 levels earlier in the month of November soon got hit by selling pressure at higher levels as mixed global cues, and muted macro numbers weighed on investor sentiment. After giving a Golden Crossover on daily
charts on 8 November, Nifty started consolidating in a narrow range.But, technical experts feel that the trend favors consolidation in the near term, but bulls should be able to push the index towards record highs in the next few weeks. The pause is healthy and investors who missed the rally could now get into the markets on every dip.
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Resistance: 11950, 12000, 12150
Support: 11900, 11850, 11800

Monday, August 13, 2018

NIFTY OUTLOOK FOR 14 AUG 2018

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.

Wednesday, August 1, 2018

NIFTY TRADING TIPS 02-08-18


NIFTY contd forward march in morning trading session and touched the record high of 11390
But there was sudden downfall in noon session where in we saw nifty trading at the levels of 11341 and finally settled at 11350.Tomorrow again the bulls will take the charge and we may see nifty struggling to cross the resistance level of 11400.but if it manages to do so the next hurdle of bulls will be 11450
The domestic stock market indices closed Wednesday's session on a negative note after Reserve Bank of India (RBI) raised interest rates for the second straight meeting today. The S&P BSE Sensex slipped 84.96 points, or 0.23 per cent, to close at 37,521.62. The NSE's Nifty50 index tripped 10.30 points or 0.09 per cent and settled at 11,346.20. The loss in equity indices were pulled down by financial and auto stocks.

Tuesday, July 31, 2018

NIFTY OUTLOOK FOR 1 AUG 2018


Nifty future buy call given in last post achieved first target 1377 and sail call contd. to hold for target.
It was tough day for bulls. Bulls could not continue the good start of nifty but at the end bulls again came in to the picture and managed to settle above 11375 support level. Nifty future has started the day at 11330 made a high of 11379 and low of 11290 & finally closed the day at 11375. The Nifty had formed an Inside Bar on the weekly chart in the penultimate week. Last week, the pattern broke out on the upside, leading to significant upside.

Wednesday, April 18, 2018

NIFTY BANKNIFTY TIPS FOR 19 APR 2018

19 april 2018  would be good voaltile as well Nifty future failed to hold 10596 & closed at 10550. Nifty continued with its winning momentum, and ended  session in the green Though the session ended with modest gains, it saw a V-shaped intraday recovery while the Nifty tested its important near-term resistance. 

Wednesday, February 28, 2018

NIFTY PREDICTION & FREE NIFTY TIPS FOR 01 march 2018

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NIFTY is on a SIDEWAYS course, as top end of the band @ 10630, pushes NIFTY on back-foot
The downside rally could test all the way through 10450-10300 levels in the upcoming weeks

On Tuesday, Matching global cues index opened gap up but could not hold the gainsas PSU banks were under selling pressure which overall took away the positive sentiment and Nifty was trading around crucial levels of 10640 which it could not sustain.The Sensex has opened at 34155 made a high of 34302 and low of 34076 and closed at 34184 , loss 162 points. The nifty future has opened at 10495 made a high of 10555 and low of 10466 and closed at 10519 with loss 44pointsThe Sensex ended lower by 162.35 points or 0.47 per cent at 34,184.04 and the Nifty closed down by 61.45 points or 0.58 per cent at 10,492.Domestic sentiment was hit as fears of faster interest rate hikes in the United States hurt investor risk appetite. Traders also remained wary ahead of IIP data for February and December quarter GDP numbers to be published later today.Later the index slipped to sub-10,540 mark and finally after a narrow range oscillation, finished trade with the loss of 28 points at 10,554 level.On a daily chart, the Nifty closed below its 22&55 days moving average which is placed at 10557 level which shows negative momentum in the Index.Today, the start of the session is likely to be on negative side on weak global cues and traders will be eyeing the dataprint for the December quarter GDP and fiscal deficit data that will be announced later in the day. Asian and European markets exhibited mixed trend ahead of Federal Reserve Chairman Jerome Powell’s highly anticipated first congressional testimony later in the day.A break on the lower side 10460 of the trading range will open the doors for testing of 200dma(10090).
For the coming session, 10600 – 10640 would continue to act as immediate resistance; whereas, 10460 - 10380 remains to be an important support zone. However, in case of further decline, its 200-day moving averages (placed at around 10,090 level) will continue to work as key reversal point.Nifty continues to move in a range (10400-10640). This can be termed as a Consolidation with a bearish bias. A narrow range seems like a precursor of a bigger move which is likely to follow. A break on the upper side of the range will lead the Nifty to test 10670-10700; whereas a bearish  breakout to the trading range will lead the Nifty towards the Flag target of 10400/10290.
Resistance: 10600, 10640, 10670, 10700

Support: 10500, 10470, 10400,10290

Tuesday, February 27, 2018

NIFTY PREDICTION FOR 28 FEB 2018


BULLS WERE UNABLE TO BREAK THE RESISTANCE 10650 TODAY.
We may see nifty trading above 10650 tomorrow

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Bulls tight end grip on Dalal St reet ; Nifty reclaims 10,550 mark
Benchmark indices closed lower on Tuesday, snapping a two-day winning streak, dragged by bank stocks. The Nifty PSU Bank index declined 3.5% following Punjab National Bank’s disclosure that the amount of fraudulent transactions could be as much as Rs12,700 crore.The Sensex has opened at 34558 made a high of 34610 and low of 34314 and closed at 34346 ,loss25 points. The nifty future has opened at 10616.15 made a high of 10639.70 and low of 10540.55 and closed at 10564 with loss99 points.Today, the start is likely to be on positive side as investors keep an eye on the GDP data for December quarter due on Wednesday.GDP probably rose 7% in three months to December year-on-year, according to a Bloomberg survey, versus 6.3% in the previous quarter. 

Monday, February 26, 2018

NIFTY PREDICTION & FREE NIFTY TIPS FOR 27 FEB 2018

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NIFTY IS EXPECTED TO FOLLOW UPWARD MARCH IF IT CROSSES THE HURDLE OF 10650
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NIFTY follow the Key Resistance @ 10640AND Support @ 10505
Sensex closing over 300 points higher and NSE’s Nifty 50 closing at 10,582,gains for a second straight session on Monday, shares were boosted by gains in auto and realty stocks, offsetting losses in IT and Tech. The gains come after stock markets fell on worries over the fallout from a $1.8 billion fraud at Punjab National Bank. Nifty is now trying to move up from this low but seems to lack strength. Nifty needs to decisively move beyond 10630-10640 levels to strengthen the bullish momentum and take nifty higher to 10670 and 10730 levels. A strong support is at 10505. If nifty break below this level, nifty would befall to 10460 or even 10400.