Week begins on a positive note. Today
nifty future crossed the hurdle of 8150. After opening at 8141 bears were trying
to take nifty future at 8120-8000 but was failed & bulls takes nifty future
successfully at 8197. Today nifty future made a low 8138 and closed at 8192.
Total 54 points was moved by nifty future throughout the day.
Showing posts with label nifty outlook for tuesday. Show all posts
Showing posts with label nifty outlook for tuesday. Show all posts
Monday, September 8, 2014
Monday, August 18, 2014
NIFTY OUTLOOK FOR TUESDAY 19-AUGUST-2014
As yesterday we have predicted, uptrend was there in the market today.Week begin with a positive note.Today market made a new all time high.The Indian markets were on a roll today, with the Sensex and Nifty making fresh life highs, led by gains in banks, auto and energy counters. The new lifetime high for Sensex is 26,406; and that for Nifty is 7,880. Today bulls take nifty future to 7886 which is very close to the level 7900.Nifty future edged higher and hit a fresh high of 7886 at the onset of trading session. It made a low of 7772 and finally recovered from here to end at the level of 7872, total 114 points was moved by nifty future throughout the day.
Monday, July 14, 2014
NIFTY FUTURE OUTLOOK FOR TUESDAY 15-JULY-2014
See-saw movement was there in the market today. After a flat
opening the market dropped down in the afternoon session. The sensex &
nifty both hits lowest level almost in a month. The sensex is hovering around
the level of 25000, while nifty is oscillating around the 7450-7475 level. Market
was alternatively moving to the negative & positive zone. At the time of
closing the sensex was marginally above at the level 25,006 led by losses in
Infosys, HUL, HDFC, ICICI Bank and Wipro, while nifty closed at 7454. The Nifty
future started at 7488 made a high of 7505 and low of 7445 and closed at 7482 total
60 points was played by nifty future. . Volatility is expected between 7376
and 7357 on the downside and 7470 and 7520 on the upside, over the next few days.
Tuesday, June 24, 2014
NIFTY FUTURE PREDICTION FOR TUESDAY 24-JUNE-2014
Market
falls on first trading day of the week. On monday market witnessed intraday volatility.
Reason was higher global crude oil prices and hike in railway freight rates
have triggered worries of higher inflation in India. The Sensex, and the Nifty
both settled at their lowest level in almost 2-1/2 weeks. The government after
trading hours on Friday, 20 June 2014, announced 6.5% hike in railway freight
rate and 14.2% increase in railway passenger fare to boost revenue of the
railways to meet its annual expenditure. on monday nifty future started at 7538,
made a high of 7550 and low of 7464 and closed at 7508, total 86 points was
moved by nifty future. Nifty future needs to be corrective and bounces back
again or else it breaches the most important support area now between 7510 and
7480 and posts a sharp downswing. The weakness is likely to persist in the
market & for tuesday also we are expecting a downward movement for the
market. If the Nifty will fall below the
support area it needs to post a large down day breach at the level of 7430, if
nifty future doesn’t want to become a bear trap it will have to manage at least
the level of 7455-7470. Else, if a recovery will take place then we need nifty
future to touch above 7570 for a minimum to have some confidence that a
recovery is truly in progress.
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