Showing posts with label bank nifty tips. Show all posts
Showing posts with label bank nifty tips. Show all posts

Saturday, June 13, 2015

NIFTY & BANK NIFTY TECHNICAL REPORT DAILY CHARTS FOR NEXT WEEK 15-06 -2015


DAILY RESISTANCE FOR NIFTY: 8008, 8031,8092
PIVOT POINT: 7970
DAILY SUPPORT FOR NIFTY :  7947, 7909, 7848
DAILY CHAT FOR NIFTY:




















DAILY RESISTANCE FOR BANK NIFTY: 17646, 17791,18189
PIVOT POINT: 17393
DAILY SUPPORT FOR BANK NIFTY :  17248, 16995, 16597
DAILY CHART FOR BANK NIFTY:



















Nifty remained below 8000, Sensex was up 64 points at 26435, whereas the Nifty up 19 points, or 0.3 per cent, at 7,985 and made a low of 7932.and bank nifty up 1.3 percent at 17502 and made a low of 17140. After day’s consolidation, the market ended with marginal gains. Nifty edged higher in a choppy session on Friday, while still on course for a third consecutive weekly decline. Monsoon is clearly causing disappointments but the fact remains despite a few rate cuts since the beginning of the year, credit growth has not responded and is languishing below 10 percent. In addition, the RBI commentary suggests there aren't going to be further cuts. Fear has gripped the Indian market and traders are exiting long positions as their hopes of a faster economic recovery have got dashed amid weak corporate earnings, and prospects of sub-par monsoon.
Technical analysis for Nifty & BANKNIFTY future 
NIFTY
In last previous sessions, as we have predicted that in Nifty BEARS ARE ALSO CAN BE ACTIVE BELOW 8100 BEARS HAVE TARGET AT 8000. And nifty was achieved target of 8000. Nifty crashes below 8,000. the Nifty up 19 points, or 0.3 per cent, at 7,985 and made a low of 7932.and bank nifty up 1.3 percent at 17502 and made a low of 17140 on Friday. Technically Nifty future is looking bullish on long term weekly charts, Usually, 200-DMA represents strong support or resistance for the index and; now If nifty breach 200 DMA as a resistance level of 8227 on Monday then we can see  nifty in range of 8300&8400 in upcoming days, which could be the next support, BUT  The breaching of 8,000 support on the Nifty is making bears more confident of further declines in the coming days. Investors started scaling down their positions ahead of  IIP and inflation data to be released later in the day amid sustained capital outflows.Near-2%-fall of the Nifty has thoroughly negated the prior day’s rally. However, one last citadel for the bulls still remains  it is the potentially strong support zone between 7956 and 7935 this range held out in the last session but the moot point is that would it act as a floor for the market .

Tuesday, December 30, 2014

NIFTY OUTLOOK FOR WEDNESDAY 31 DEC 2014

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Consolidation was there in the market today, but market movement was completely lackluster. Nifty today started at 8260 made a high of 8268 and low of 8220 and closed at 8248, total 48 points was moved by nifty throughout the day.
For tomorrow if the Nifty manages to take out the level between 8250 and 8270 successfully then we can expect it move up further and probably test the strong supply zone that lies in the range between 8290 and 8310. On the other hand, so long as the Nifty does not fall

Wednesday, September 24, 2014

BANK NIFTY TECHNICAL REPORT & FORTH COMING STRATEGY

With Nifty and BankNifty trading choppy since last few trading sessions, We though to come out with a Technical report on BankNifty which could help our subscribers.

The whole Chart structure post 16th May 2014 (General election result outcome) seems to be of time-wise consolidation and once this consolidation is over, BankNifty could be out of woods and resume its upward trend

While analyzing the daily charts of “BankNifty” We found the Index could bounce back in case it dips to 15430-15700 zone owning to confluence of supports at lower levels

~ Trendline 1 support is placed just above 15400 levels.

~ Trend line 2 support is placed just above 15550 levels.


~ Neckline support of the “Inverse Head and Shoulder Pattern” is placed at 15460-15500 levels.

Friday, May 30, 2014

NIFTY FUTURE OUTLOOK FOR MONDAY 2-JUNE-2014

"Buy Nifty 7100 Put @ 65 Tgt 88/89 Sl 42" 
 "Sell ICICI Bank Future Below 1395 Tgt 1388/1378 Sl 1405"
As we have predicted the levels 7240-7270,today nifty was ocilated between this levels.Today was the first trading session of June series. See-saw movement was witnessed by the market today. In early trade after opening higher market slipped into the red. Nifty hit its lowest level in more than two weeks. The market alternately swung between gains and losses in mid-afternoon trade. Today market opened at 7275 made a high of 7294 and low of 7223 and closed at 7230. Total 71 points was played by nifty. Now for Monday if nifty sustains 7255-7285 level. Then more uptrend can be witnessed .nifty will move between the range of this levels. Bulls will try their best to take nifty above 7325. 

Wednesday, May 21, 2014

NIFTY FUTURE OUTLOOK FOR 22-05-2014

CALL FOR THURSDAY 22-MAY-2014
"Buy IBrealest  Future Above 92 Tgt 93.90/94.90 Sl 90.50"
Today very much consolidation was witnessed by nifty. Nifty started at the level of 7265 made a high of 7316 and low of 7235 and closed at 7280.today nifty moved 81 points throughout the day. If you watch the movement of the Nifty and its intraday gyrations, you would surely feel that while the optimism surrounding the new unfettered government it is still running high yet there is unmistakable skepticism regarding the index holding itself at such high levels without going through substantial consolidation. This is what troubles the bears and applying the brakes on the bulls. From a time and price perspective, we develop a feeling that the price movement had been so sharp for a few days, time is now playing a catch up game-even if the market does not breakdown, and it is unlikely to move up in a big way either. Range bound price swings to continue.for tomorrow the level of 7300-7330 are expected at the other side 7270 proved as very good supporting level.

Wednesday, May 14, 2014

KEYS TO TRADE IN NIFTY FOR 14 MAY 2014

• Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 28 points at the opening bell.
• Tracking rising stocks, the rupee on Tuesday surged 37 paise to end at a nine-month high of 59.68 against the dollar on robust foreign capital inflows into equities after exit polls projected BJP-led NDA would form the next government at the Centre.
• Down jones 19 points up  16,715.
• NIKKIE 49  points down  @ 14,375
• HENG SENG 51  points up @ 22,403
• Results today  : Tata Steel, Tech Mahindra and Asian Paints

Wednesday, April 30, 2014

KEYS TO TRADE IN NIFTY

vTrading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 14.50 points at the opening bell. 
v The Indian rupee rose by 23 paise to close the day at 60.42 against the US dollar on fresh selling of the American currency by banks and exporters.
v Down jones 86 points up  16,535
v NIKKIE 33 points up  @ 14,321
v HENG SENG 293  points down @ 22,160.
v Results today  :  Kotak Mahindra Bank Ltd.,Marico Ltd.,IDBI Bank Ltd.,Petronet LNG Ltd.,JSW Energy Ltd.

Wednesday, April 2, 2014

KEYS TO TRADE IN NIFTY

  • The dollar got some strength against the rupee in the interbank market, dealers said. It started the day’s trading at Rs 97.70, with 10 paisa up it closed at Rs 97.80 for buying and Rs 98 for selling.
  • Trading of  Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 56 points in morning session.
  • DOW JONES  74 points up @ 16,532.
  • NIKKIE 219  points  up  @ 15,011
  • HENG SENG 72 points up 22,521
  • Upcoming Results: Kitex Garments Ltd

Friday, March 28, 2014

NIFTY AT ALL TIME HIGH

Market index trimmed initial gains triggered by positive Asian stocks. The Sensex, and the Nifty, both, hit record high. The Sensex was up 92.74 points off 56.86 points from the day's high and up 33.67 points from the day's low. The market was strong. Bank shares rose after the Reserve Bank of India (RBI) on Thursday, 27 March 2014, extended the timeline for full implementation of the Basel III capital regulations to 31 March 2019.

Tuesday, February 25, 2014

MID SESSION UPDATES FOR 25/02/2014

Market  indicates initial highs in mid-morning trade. The Sensex, was up 44.07 points or off 57.03 points from the day's high and up 7.79 points from the day's low. The overall health of the market, was positive. Gains in Asian stocks and overnight rally in US stocks underpinned sentiment on the domestic bourses.

Tuesday, February 18, 2014

MID SESSION UPDATES OF NIFTY FOR 18-FEB-2014

On Tuesday The market edged lower amid initial volatility. It takes forwarded movement and hit fresh intraday high in morning trade.
Market indicates surged and hit fresh intraday high in morning trade as firmness in Asian stocks boosted sentiment. The Sensex and the 50-unit CNX Nifty, both, hit their highest level in almost three weeks. The Sensex was up 128.01 points up about 155 points from the day's low and off close to 20 points from the day's high. The overall health of the market, was strong.
Bharti Airtel dropped after the company and Loop Mobile jointly announced during market hours today a strategic agreement for their operations in Mumbai (India) service area. Castrol India rose on good Q3 results. Bank stocks gained across the board.

Monday, February 17, 2014

MUST KNOW BEFORE TRADING IN NIFTY FOR 17-FEB-2014

v The rupee moved up by 15 paise to 62.27 against the American currency in late morning trade on Friday  on selling of dollars by banks and exporters due to its weakness in overseas market amidst firm equity.

v DOW JONES 126  points up   @ 16,154

v NIKKIE  56  points down @ 16,369

v HENG SENG 179  points up  @ 22,478

v  Results today : Castrol India Ltd.,Styrolution ABS (India)Ltd.,GlaxoSmithKline Pharmaceuticals Ltd.,ABB India Ltd.,Gujarat Pipavav Port Ltd.

Wednesday, February 5, 2014

MID SESSION UPDATE FOR 05/02/2014

Market indicate extended initial losses and hit fresh intraday low in morning trade. the S&P BSE Sensex, was down 114.31 points or 0.57%, off about 155 points from the day's high and up close to 20 points from the day's low. The market sentiment was affected adversely by provisional data showing that foreign funds resorted to heavy selling of Indian stocks on Tuesday, 4 February 2014.
Reality shares edged lower. Index heavyweight and cigarette maker ITC extended initial losses. Most telecom stocks declined. Power Finance Corporation rose on good Q3 result.
The market breadth, indicating the overall health of the market, was positive.

Thursday, January 30, 2014

NIFTY FEBRUARY SERIES BEGINS FROM TOMMOROW

"Buy Hindalco 105 Put @ 2.5 TGT  3.9/5.40 SL 1.10"
"Buy Nifty 6200 Call @64 TGT 84/100 SL 48"
 Nifty future was range bound today. Nifty future made  a high of 6,078 and a low of 6,025 .Except for the market participants showing continued  indecision, the outlook remains the same even for tomorrow  we need to watch if it manages to get past and stay above 6080 – 6100 supply zone firmly to signal some kind of a recovery or else it may slide down and  take out 6020 to head further down....

Wednesday, January 29, 2014

NIFTY TRADING KEYS FOR 29 JAN 2014

  • Indian rupee jumped by 59 paise, its biggest gain in over two months, to close at 62.51 on heavy US dollar selling as emerging market currencies scripted a rebound and the RBI hinted that rate hikes could be ending.
  • DOW JONES ended 90  points up  closed @ 15,928
  • NIKKIE closed 260  points up closed @ 15,240
  • RESULTS TODAY: BHARTI AIRTEL,GSFC,ICICI       
  • get free Nifty stock future and option tips enter your mobile number HERE

Thursday, January 16, 2014

KEYS TO TRADE IN NIFTY FOR 16 JAN 2014

RUPEE V/S DOLLAR
On Wednesday the rupee trimmed its initial losses against the US dollar but was still quoted down 5 paisa to 61.57 in the late morning deals on demand for the American currency from banks and importers on the back of higher green-back overseas.

Wednesday, January 15, 2014

KEYS TO TRADE IN NIFTY FOR 15/01/2014

RUPEE V/S DOLLAR
In line with the domestic equity market, the rupee today firmed up by 36 paise to 61.54 against the dollar in late morning deals on fresh selling of the American currency by banks and exporters, triggered by weakness in the green back overseas.

Monday, January 6, 2014

WORLD MARKET UPDATES FOR 06 JANUARY 2014

RUPEE V/S DOLLAR
The rupee bounced back from its early low and also snapped two-day losing string to end higher by 10 paisa at 62.16 against the Greenback following fresh dollar selling by exporters and some banks amid strong inflows.
Weakness in dollar overseas and marked recovery in local equities from initial losses too aided the rupee rise

Wednesday, January 1, 2014

KEYS TO TRADE IN NIFTY FOR FIRST DAY OF 2014

RUPEE V/S DOLLAR
First of all wish you all a very happy new year. In thin trade on the last day of 2013, the rupee climbed 11 paise to 61.80 against the dollar, bringing to an end a year that saw the local currency crash to an all-time low and recover to still close with an annual loss of 11 per cent.

Monday, December 30, 2013

ASIAN MARKET UPDATES FOR 30/12/2013

             
        NIKKIE                       16,240             up                    61
       HANGSENG               23,256             up                     12












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