NIFTY OUTLOOK FOR 11 AUG 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

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.

NIFTY PREDICTION FOR NEXT WEEK 17 JULY TO 21 JULY 2023

TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html

WEEKLY RESISTANCE FOR NIFTY: 19600, 19800, 20000

PIVOT POINT: 19500

WEEKLY SUPPORT FOR NIFTY:  19400, 19200, 19000

WEEKLY CHART FOR NIFTY

Indian equities saw general weakness on 10 July 2023 but the benchmark was able to stay slightly positive with support from strong buying in heavyweight stocks. The weakness was led by IT stocks as the sector is expected to start the Q1 earnings season with weak earnings. In addition, signals from US markets are unfavorable as concerns about another rate hike linger despite expectations of a quick cool down in future US CPI inflation data. Benchmark indices ended the volatile session on July 10th with modest gains. At the end the Sensex was up 63 points to 65344 and the Nifty was up 24 points to 19355. Profit-taking in late trade wiped out most early gains as major indices ended a volatile trading session with modest gains. Hiccups were seen ahead of the US monetary policy meeting later this month. There are enough signs that the Fed will target a rate hike this month to keep inflation under control. On 11 July 2023 Domestic stocks traded in positive territory after an encouraging handover from their global peers. Nifty opened higher and held steady throughout the session to close up 84 points (+0.4%) at the 19,439 level. Auto, FMCG, pharmaceuticals and consumer discretionary were the biggest gainers, each up more than 1%. The defense sector was in the spotlight on the eve of the Indian Prime Minister's visit to France, where several deals are likely to be signed, including a technology transfer agreement. Market now awaits Q1 results, IT sector starts tomorrow with expectations muted and focus on maintaining margin and improving long-term guidance. The upbeat sentiment is also supported by expectations of China's stimulus to shore up economic growth and hopes for a softening US inflation data. India's overall score is slightly above its long-term average, which is reasonable given strong earnings expectations for fiscal 2024. Pressures in the banking sector limit the upside while others are doing their best to propel the markets higher. While it may further delay the trend's resumption, sentiment is likely to remain positive. The Indian equity markets started the12 july 2023 session on a mild note, but the benchmark index refrained from continuing its northward journey and witnessed a small bout of profit booking during the initial half of the session. The bulls recouped some of the losses from the intraday lows of 19400 but succumbed to the strong selloff in the penultimate hours and slipped below Tuesday’s low. Amidst the whipsaw moves, the Nifty50 index concluded the day in negative terrain with a cut of 0.28 percent and settled below 19400 level. Tracking the positive global bourses, the Indian indices witnessed a buoyant start on 13 july 2023, wherein the benchmark index soared to uncharted territory and kept momentum during the initial half of the day. However, bulls failed to sustain the higher grounds and lost their grip during the second half of the session, which pared down a significant portion of gains. Eventually, post the volatile day of trade, the Nifty50 index concluded the session around 19400 levels, procuring 0.15 percent from the last closure. The market continued to post record highs on July 14, mostly led by information technology stock. At close, the Sensex was up 502 points at 66060, and the Nifty was up 150 points at 19564.

NIFTY: STRONG SUPPORT& STRONG RESISTANCE LEVEL

For the trend following traders now, 19400 would be the trend decider level and could move up till 19800. Below 19400 , we could expect a one quick correction till 19400-19200.

 TECHNICALLY SPEAKING

The market seems to be flooded with strong FII inflows, and with US inflation moderating investors are hoping for a rate hike pause by the Federal Reserve later this month. On daily and weekly charts, Nifty has formed a bullish candle along with a breakout formation on intraday charts, which supports a further uptrend from the current levels. For the trend-following traders now, 19400 would be the trend-decider level and could move up to 19800. Below 19400 , we could expect one quick correction till 19,400-19,300. For Bank Nifty, the 20-day SMA (Simple Moving Average) or 44,500 would be the trend decider level. Above the same, the index could retest the level of 45200 -45600. On the other side, below 44600 the Bank Nifty could slip to the 50-day SMA or 44,000.

WHAT WILL HAPPENED IN STOCK MARKET ON MONDAY 07 JUNE 2021 ???

FOR LIVE TRADING TIPS FOR OPTION CALL PUT STOCK FUTURE NIFTY FUTURE STOCK CASH JOIN US ON WHATSAPP 9039542248  ✆☎☏📱

On the week ended Friday 04 June 2021 nifty formed a small bearish candle on the daily chart. The candle had a long lower wick, similar to the ones seen in the last couple of sessions, suggesting buying at lower levels. On the weekly scale, the index formed a bullish candle, third in a row. This was the fourth week when the index formed a higher high-low candle. Some indicators are sending out overbought signals and suggesting a lack of strength in this case index could face strong resistance at around 15750-15850 levels. Yesterday’s candle resembled a 'Hanging Man' pattern, which suggests the market is stretched on the upside. Some of the momentum oscillators on the weekly charts are in the overbought zone. Indicators like weekly RSI have failed to maintain a pace in line with the price chart, indicating negative divergence and a lack of strength in upward momentum. Even if the bulls managed to get past 15750, it can hardly add 150-200 points, as critical resistance seems to be placed around 15850 level. On Friday, the index closed at 15,670, down 20 points. On the weekly time frame, an MACD 'Hook' occurred. RSI has also moved above 60 and this underlying trend is strong. Weekly charts point out towards trend continuation to the 15750-15850 zone on the way towards 16200 as an achievable target. A MACD Hook occurs when the signal line attempts to penetrate or penetrate the MACD line and turns at the last movement. The level of 15650-15550 will act as good support. Any dip near the range will be buying opportunity for the immediate bounce towards the 15850 level, which will pose as an immediate hurdle zone. Any decisive close above that can quickly push the index towards the 16,000 mark.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 3 OCT 2018

The week has started on a choppy note. The Sensex jumped as much as 240 points to touch 36467 while the Nifty climbed 56 points to hit 10986 in late afternoon trade.  The indices swung between gains and losses during Monday’s session. The Sensex traded in a range of 36467 -35960, while the Nifty moved between 10963 and 10821. That meant a swing of 506 points for the sensex  & 141 points for the Nifty. Caution prevailed after the Reserve Bank of India announced measures to curb liquidity concerns. Finally sensex closed the day at 36526 while nifty ended at 11008.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 5 DEC 2017

"BUY BANKNIFTY 25300 CALL 7 SEP @ 88 TGT 121/174 SL 44"

"BUY TATASTEEL FUTURE ABOVE 692 TGT 694.70/697.80 SL 688"

Market settled with small gains after witnessing volatility in intraday trade. Monday morning blues were written all around, but the Indian domestic indices forecast to make positive gains tracking cues from global indices and Nifty, scuttled out in the noon session.  The Sensex closed higher by 36 points to 32869, while the Nifty future rose 6 points to close at 10127. The nifty future opened at 10167 made a high of 10198 & low of 10126 & finally closed 11 points up at 10166.

NIFTY CLOSING FOR FRIDAY 04 AUG 2017

On the week ended Friday The nifty future is trading below support level 10055. Nifty future has opened at 10028 made a high of 10054 & came down to 10018 level.  The index was pulled lower mostly by Sun Pharma, Lupin, Dr Reddy’s, Cipla, ONGC and Reliance Industries.

NIFTY OUTLOOK FOR THURSDAY 21-AUGUST-2014

Today market was completely direction less. After making new high of level 7900 today market slipped into the red. At the time of closing market touched 7882, which was below from its crucial and psychological level of 7900.Nifty neither move upside nor towards down side, just oscillating near the levels of 7885-7915 … today nifty future started at 7909 made a high of 7915 and low of 7881, and closed at 7882, total 34 points nifty future moved throughout the day.. 

NIFTY FUTURE PREDICTION FOR WEDNESDAY 25 JUNE,2014

"Buy IFCI 42.50 Call @0.20 Tgt 0.50/0.70"

Today market witnessed a recovery,market moment was completely bullish. Market raised due to the impact of high crude oil prices on India's macroeconomic situation eased after decline in global crude oil prices. This wild upswing was also due to the F&O expiry on Thursday. Today Nifty future started at 7530 made a high of 7616 and low of 7525 and closed at 7592, total 91 points was moved by nifty future today. Now on top we saw huge volume coming in the market after quite some time that also is an indicator that the downswing, in all likelihood, is over. now tomorrow the market will continue to move towards upward direction. Market will come back to its comfortable zone of 7600 and will move between the levels of 7580-7650. . On the way up, the Nifty needs to cross 7530 through 7550 to post a sustainable recovery. However, as a confirmation, we need nifty to touch 7630 for any fresh upswing.

We feel that probably the correction that the market saw for the past four-five days was a good bit of consolidation and correction. Though there was a huge sector churning, which was taking place, it has seriously given the markets some very good strength. It is great for the health of the market that intermittent corrections come. It is showing all the classical signs of a good bull market wherein three-four days' correction gets bought into on a given day like today.

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.