Showing posts with label free nify tips. Show all posts
Showing posts with label free nify tips. Show all posts

Saturday, November 10, 2018

NEXT WEEK NIFTY PREDICTION & CHARTS 12 NOV TO 16 NOV 2018

WEEKLY RESISTANCE FOR NIFTY:10700,10800,10900
 PIVOT POINT: 10550
WEEKLY SUPPORT FOR NIFTY :  10500,10400,10300
WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 10700,10750,10800
PIVOT POINT:10600
DAILY SUPPORT FOR NIFTY :  10550,10500,10450
DAILY CHART FOR NIFTY
Diwali week brought back some joy in the traders’ / Investors’ fraternity. Few macro factors like Crude Oil correcting from higher levels as well domestic currency softening led to this much awaited hope rally. There were couple of tentative attempts seen from the markets; but eventually strong buying momentum lifted index significantly higher from last week’s low. During the week, barring muhurat trading day, there has been no major action seen in the Nifty.  Nifty opened on a sluggish note owing to nervous cues from the Asian bourses. Index remained in a bit of pressure for the major part of the day. However, late recovery post the SBI earning resulted into trimming of some portion of losses and in the process, Nifty eventually managed to defend the 10500 mark on a closing basis. Monday’s corrective move can be interpreted as a breather or pull back towards the important support zone of 10480 - 10440. Tuesday’s session was quite similar to Monday’s trading action. Index remained in a slender range with no real momentum in the Nifty ahead of Diwali festival. However, on the auspicious day of Laxmi Pujan on Wednesday, Nifty opened higher with a decent gap and eventually closed tad below the 10600 mark. Thursday Market was closed on accounts of Diwali. Friday nifty was trading slightly lower tracking as the Federal Reserve looked set to deliver another interest rate hike next month, paring gains made earlier this week after US midterm elections triggered a global equities rally. Nifty closed the week above 10600 mark.
NIFTY: A STRONG SUPPORT WILL BE @ 10675; STRONG RESISTANCE LEVEL SEEN @10925
Now, the nifty future have to hold above the 10600 -10650 zone to extend its upward move towards the 10700-10800 level. It has been making higher highs and higher lows for last four weeks and a hold above 10650 level would be important for the index to move higher.  Minor support for the index lies in the zone of 10600  to 10550. Support for the index lies in the zone of 10500 to 10450. If the index manages to close below these levels then the index can drift to the levels of 10400  to 10350 where long term moving averages levels are lying. Resistance for the index lies in the zone of 10700 to 10800. If the index manages to close above these levels then the index can move to the levels of 10850 to 10900.
Broad range for the week is seen from 10350 on downside & 10750 on upside.
TECHNICALLY SPEAKING.

Wednesday, November 6, 2013

NIFTY OUTLOOK FOR TOMORROW

Nifty opened at 6260 and faced a fall and made a low of 6209 ,ended at the level of 6215. The index is looking quite weak, its gap down opening followed by a much lower close suggests further fall ahead..