NIFTY FUTURE OUTLOOK FOR FRIDAY 19-SEPTEMBER-2014

Buy Tatamotors 540 Call @ 3 Tgt 4.80/6.50 Sl 1.20
Sell SBIN Future Below 2615 Tgt 2595/2575 Sl @ 2635
Bulls are back in the action…!!! The Indian markets staged a strong comeback in trade today after a weak start. As the concerns of earlier-than-expected hike US interest rates eased, bulls took the charge. Fresh buying and bout of short-coverings helped the Nifty cross 8,100 marks. A very strong recovery was there in the market. Nifty crossed the level of 8100.Today nifty future started at 7964 made a high of 8143 and low of 7956 and closed at 8132. Total 187 point was played by nifty future throughout the day. 

NIFTY FUTURE OUTLOOK FOR MONDAY 28-JULY-2014

Today a downfall was witnessed in the market. Recording the first drop in nine sessions, the Sensex today ended 145 points lower at 26,126 after selling pressure emerged in blue-chips as investors judged recent gains as excessive. The Nifty today after hitting an intra-day record high of 7,840 in the opening trade, slipped below the 7,800 level as selling pressure was witnessed. The Nifty had gained 376 points, in previous eight sessions. The Nifty in early trade hit record 7,840 but ended below the key 7,800 level to close at 7,790, down 40 points. Opened at 7820 made a high of 7832 and low of 7751, total 81 points was moved by nifty future, But the fall was only for 5 trading days while the current uptrend is already 8 sessions old. Hence, we would like to reiterate that we are in a bull market and nothing would damage the sentiment for the bullish sentiment so long as 7680 is not taken out in the upcoming session.

NIFTY FUTURE PREDICTION FOR THURSDAY 03-JULY-2014

It looks like that much talked about pre-budget rally, it is finally here in anticipation of a strong pragmatic Budget. Both the Sensex and the Nifty rose to their fresh lifetime highs in trade today, Sensex rallied over 230 points to hit its fresh lifetime high of 25749 in trade. Tracking the momentum, the Nifty index also managed to rally over 60 points to hit its fresh record high of 7700, supported by gains in banks, capital goods, The market breadth indicating the overall health of the market was strong due to having expectations of a growth oriented Budget. The index was paused for sometime but today it looked as it is just about to move up again in today’s session with a strong momentum to begin with. Today nifty future started at 7709 made a high of 7758 and low of 7702 and closed at 7748 total 56 points was moved by nifty future. Today the level of 7000 was decisively taken out by nifty future, but it was not having so much movement. Tomorrow once the Nifty gets past 7750 and stays above than we can expect it to scale up and test the supply pressure around the level of 7750. Between 7700 and 7729, it could face considerable supply overhang but once this zone is taken out decisively, we are likely to see further up moves that would help it cross levels between 7700 and 7850 going forward. Unless the index closes below 7580, all intraday dips could well see the bulls creating fresh positions at lower levels.