Showing posts with label nifty support. Show all posts
Showing posts with label nifty support. Show all posts

Thursday, July 13, 2023

SENSEX & NIFTY AT ALL TIME : WILL NIFTY MAKE OR BREAK NEW HIGH?

WE ARE DOING OUR RESEARCH..STOCKS FOR TOMORROW WILL BE UPADTAED ANY MINUTE...STAY TUNNED 💻💹📈📉

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Today's domestic rally was bolstered by counter-buying in IT stocks, helped by stable margins, new business opportunities and a weakening US dollar as recent US inflation is fast approaching the Fed's targets. The broad market traded positively at all-time highs on anticipation of a buoyant Q1 result and low volatility (VIX). However, a mixed start to bank earnings combined with ongoing concerns over domestic inflation led to a bearish mood in the second half of the year. Benchmark indices ended the highly volatile market higher on July 13th. At the close, the Sensex was up 164 points, to 65558 and the Nifty was up 29 points, to 19413. About 1322 shares rose, 2037 shares fell and 129 shares remained unchanged. Hindalco Industries, TCS, Infosys, LTIMindtree and Tech Mahindra were among the top gainers on the Nifty, while losers were Power Grid Corporation, Coal India, BPCL, UPL and Maruti Suzuki. The Nifty hit a new all-time high of 19567 but failed to hold due to selling pressure, resulting in a significant drop at the end of the day. It consistently showed high volatility. The daily Relative Strength Index (RSI) indicated a bearish crossover. Currently, the trend seems to be running sideways in the short term. Support is expected at 19300 while resistance is seen at 19600. The bears continue to dominate the market as the Bank Nifty failed to surpass the 45000 level. This indicates bearish sentiment in the index. On the downside, the bulls managed to hold the 44700 support level, which indicates some buying interest at this level. However, a break below this support level could open the gates for further downtrend towards 44500-44000, which coincides with the 20-day moving average (20DMA). For the index to turn bullish, it must surpass the 45000 level on a close basis. This would indicate a possible shift in market sentiment towards more upside.

Resistance: 19600, 19700, 19800

Support: 19500, 19400, 19300

Tuesday, June 27, 2023

SHARE MARKET HIGHLIGHTS ; WILL NIFTY & NIFTY BANK BREAK ALL TIME HIGH ??

STOCKS SUGGESTION TO TRADE ON 28 JUNE 2023

CANFINHOME ATUL ASHOKLEY HDFCLIFE ESCORTS L&TFH ICICIPRULI LTIM MANAPPURAM VOLTAS MFSL PFC

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The smiles returned to investors' faces on June 27 as the market saw some buying in the second half of the day and benchmark indices rose. However, the Nifty again failed to break the all-time highs, closing the level about 70 points behind. Nifty opened slightly positive followed by some consolidation. The index gained momentum in the second half and strengthened towards the end of the trading session. The index gained over 100 points and closed near the daily high. This was mainly due to the support of the bank nifty, which finally really picked up speed. HDFC Bank put in a strong performance today which was complemented by ICICI Bank and Axis Bank which catapulted the bank well above 44,000. The Nifty 50 index rose to 18817, registering a gain of 126 points. The Sensex zoomed 446 points to 63416. Short covering ahead of Wednesday's F&O expiration may have sparked a significant bounce in major benchmark indices despite a lackluster trend in Asian and European indices. Investors have once again bet heavily on India's solid economic fundamentals, focusing on banking and real estate stocks, ignoring negative catalysts such as the tightening Fed, growing Chinese growth concerns, the Russian crisis and the erratic monsoon. Looking forward, Nifty is expected to target new highs at high levels, with immediate support at 18750. Strong selling was seen on the 18750 and 18700 strike put options, suggesting that any intraday pullback towards these levels is likely to be bought. Bank Nifty closed positive with a bullish candle as it closed above the highs of the past eight days after trading sideways on the daily time frame. Resistance is around 44200 and 44500 and support is around 44000, 43800 and until Bank Nifty breaks this range it is expected to remain sideways. The technical indicator RSI is around 56 while the 200 EMA is at 41500.

Resistance: 18700, 18800, 18900

Support: 18600, 18500, 18400

PERFORMANCE OF STOCK FOR 27 JUNE 2023

PEL  UP BY 4%

The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Monday, June 26, 2023

NIFTY BANKNIFTY OUTLOOK & STOCK PICKS FOR 27 JUNE 2023

STOCKS SUGGESTION TO TRADE ON 27 JUNE 2023

SBICARD PEL  SUNPHARMA ASTRAL LAURUSLAB CUMMINS BLARAMCHIN HEROMOTOCO GMRINFRA M&M

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Nifty stayed within a 76 point range on June 26, repeatedly rising and falling before ending slightly higher. At the close, Nifty was up 25 points at 18691. Volumes on the NSE were lower than the recent average. Global equities mostly fell while gold rose after an aborted insurgency by Russian mercenaries cast doubt on President Vladimir Putin's authority and a sharp decline in financials more than wiped out gains in the energy sector on worries about political instability at the world's largest oil producer, Russia. Weak Asian and European signals dampened domestic market sentiment as benchmarks ended in a mixed range on selective buying of key industry stocks. Global markets dictate domestic trends and investors do not want to be in a rush to go long at a time of great uncertainty.

Nifty failed to follow the bearish formation on the weekly charts. There could now be a small bounce before correcting again. 18650 and later 18550could offer support while the 18750-18775 band could offer short-term resistance. Technically, after a short-term correction, the index saw range-bound activity near 18675 or the 20-day SMA (Simple Moving Average), a key support level. For day traders, 18725 would be the key resistance level, while 18650 could be the crucial support zone. Above 18775 saw another uptrend rally to 18800-18850. On the upside, selling pressure is likely to increase below 18675 and may ease by 18625-18575.

 Resistance: 18700, 18800, 18900  

Support: 18600, 18500, 18400

PERFORMANCE OF STOCK FOR 26 JUNE 2023

LALPATHLAB went up by 3% 

MCX  was up by%

MGL up by 2% we have given MGL 1030 CALL TO BUY @ 10 & BOOKED 13

LAURUSLAB up by 3.5% WE HAVE GIVEN LAURUSLAB 360 CALL TO BUY @ 2.6 & BOOKED NEAR 4

The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Friday, June 16, 2023

NIFTY VIEW FOR THE COMING WEEK 19 JUNE TO 23 JUNE 2023🔎

WEEKLY RESISTANCE FOR NIFTY: 18900, 19000, 19200

PIVOT POINT: 18800

WEEKLY SUPPORT FOR NIFTY:  18700, 18600, 18500

WEEKLY CHART FOR NIFTY



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The Indian equity market has started the week on a mild note on 12 june 2023, defying the developments in the global bourses over the weekend. The benchmark index refrained from any decisive move and stayed in a slender range of 75 odd points throughout the session. Amidst the lackluster start of the week, the Nifty50 witnessed a muted closure with a mere gain of 0.21% and settled a tad above 18600 level. On 13 June 2023 the Indian equity markets started on a positive note tracking the sharp rally in the US bourses on the hopes of a pause in the Fed rate hike. The benchmark index stayed at higher ground throughout the session, suggesting a bullish undertone for our market. Though post the start, there was no major traction in the index and eventually, it settled a tad above 18700, procuring 0.62 percent for the day. Our domestic market has witnessed a decent start on 14 june 2023, taking cues from positive global bourses. Barring the initial hiccups, the bulls looked buoyant and took charge for the entire session. The benchmark index Nifty50 surged upwards for the third consecutive session and clocked the highest level closure in the current year at 18756 level by procuring merely a two-tenth percent gain. On 15 june 2023 mixed commentary post the Fed outcome on the rate hike led to hesitancy in the US bourses, which impacted the sentiments of our domestic indices. The uncertainty was quite evident in our benchmark indices, as they plunged to lower levels post a mild start tracking the positive Asian market. The breakdown in the BFSI counters led to a correction to the benchmark index and eventually, the Nifty50 index snapped the winning streak and settled below the 18700 level, with a cut of 0.3%. The markets closed at record high levels on June 16 as Nifty 50 gained 137 points to close at 18826. The Sensex gained 466 points to end at 63384. Nifty 50 is only 63 points away from an all-time high level. Investors also cheered the government's discussions with Moody’s Investors Service, seeking a rating upgrade from the global agency. Moody’s has currently rated India at the lowest investment grade of “Baa3” with a “stable” outlook.

NIFTY: STRONG SUPPORT& STRONG RESISTANCE LEVEL

Nifty as well as the RSI (relative strength index) has witnessed a bullish triangle pattern on the charts which can keep the strength in the stock intact. Nifty traded within the striking distance of lifetime high levels and managed to close comfortably above the 18800 level, which can push the index towards the 19000 level in the coming days.

 TECHNICALLY SPEAKING

Technically, the Nifty is still holding a higher high and higher low formation and is trading comfortably above the 20-day SMA (Simple Moving Average). On weekly charts, the index has a formed bullish candle, which also supports further uptrend from current levels. For trend-following traders, 18725 would be the most important level to watch out for, and above that the index could rally to 18975. Conversely, below 18725 or the 20-day SMA, any uptrend below which the index lies would be vulnerable. The market could slide down to 18650-18550. As long as Bank Nifty trades below the 20-day SMA or below 44,000, weak sentiment is likely to persist. Below that, it could slide to the 50-day SMA or 43200. On the downside, renewed uptrend is not possible until a break below 44000 and above that, the 44200 level might be retested.

Monday, May 29, 2023

NIFTY OUTLOOK & BEST OPTION TIPS FOR 30 MAY 2023

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The Nifty started the week strongly, rising more than half a percent on May 29 to 18599. It followed positive Asian signals after the preliminary agreement on the US debt ceiling and a new high for the domestic banking index. All sectors, apart from information technology and oil & gas, the index supported the daily high of 18641, also its highest level this calendar year. After opening above 18600, the index ranged between 50 and 60 points. It closed 99 points higher at 18599 and formed a doji candle on the daily chart, indicating indecisiveness between the bulls and bears. However, the mood remains positive. The Nifty is nearing 18650-187750 and possibly 18,887, its December all-time high, though not without some consolidation, experts say. Support on the downside has emerged at 18,400 level. After a long-awaited period, the Nifty bank is now breaking new ground. We expect the Nifty index to follow suit, testing the all-time high of 18,887 and possibly even higher in the near future. The recent sharp price advance that has caused short-term indicators to enter the overbought zone and subdued intraday moves may slow the Nifty's advance. It would be prudent to use downturns to go long and take profits at higher levels. The resistance around 18400-18200 will now serve as support, while the 18800-18,900 area will serve as immediate resistance. On the options up front, the maximum open call interest was at 18800 strikes, followed by 18700 and 18600 strikes, with sensible ones Call writing on similar strikes in a similar order. On the put side, the maximum open interest was 18400 strikes, followed by 18300 strikes and 18200 strikes. with writing at 18700 strikes, then 18600 strikes. The data shows that 18600-18800 is likely to be the resistance zone and 18500-18300 support zone for the index. Bank Nifty opened a gap to the upside at 44,277 and extended gains to hit a fresh intraday high of 44,483 but then consolidated in a tight 150 point range. It closed 294 points higher to a new closing high of 44,312. The index formed a bullish small-bodied candle with a long upper shadow on the daily scale, suggesting profit-taking at higher levels. Now it needs to continue holding above the 44150 level to make an upward move towards 44,500 and then a new life high of 44,750 while on the downside support is expected at 44150 and then 44,000. India VIX, the volatility indicator, rose 3.34% to 12.30 from 11.90.

Resistance: 18600, 18700, 18800

Support: 18500, 18400, 18300

Wednesday, November 24, 2021

NIFTY OUTLOOK FOR 24 NOV 2021

Pre-open session indicates decent opening gains for benchmark indices. The S&P BSE Sensex was at 58,836 levels, up 171 points at 9:07 AM while the Nifty50 eked out 46-point gain and was at 17,550.

Markets in morning session will be marginally positive.

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Resistance: 17700, 17800, 17900

Support: 17600, 17500, 17400

Saturday, November 20, 2021

F&O expiry: Nifty to trade in (18200-17700) IN WEEK (22-26 NOV 2021)

FOR MORE UPDATE  ON NIFTY FILL THE FORM->>>>

Weak listing of India’s largest IPO and soft global market amid rising inflation woes impacted domestic sentiment. In the context of a weak global market, contraction extended in metal and crude oil prices weighing down the Indian market. The auto sector was also under pressure as the industry reported weak festive sales numbers owing to poor demand for two-wheelers and supply shortage in semiconductors. Over the last few weeks, the Nifty has been stuck in a range . On the daily chart  the Nifty has once again moved below the 20-day SMA on Tuesday. In the process, the Nifty has corrected and broken its recent supports, implying the short-term bias is weak. The Nifty is likely to drift down further towards the next major supports of 17,905-17,798 in the very near term. Any pullback rallies could find resistance at 18,133. Index closed the week at 17,746 with loss of nearly two per cent and formed a bearish candle on weekly chart hinting weakness in the markets. Now next good support for the market is coming near 17,600 zone. If managed to hold above-said levels, one can expect a good pull back in the index again towards 18,000 mark but if failed to hold then we may see more drag down in Nifty towards 17300-17000 mark, the immediate hurdle is coming near 17830-17940 zone where one can again lock their gains in longs. The strategy which we are suggesting for the weekly expiry  is a Bearish strategyIn the week gone by, BSE Sensex fell 1,111to close at 59,575, while the Nifty50 rose 337 points  to close at 17,764 levels.

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Resistance: 18000, 18100, 18200

Support: 17950, 17850, 17750







Thursday, November 18, 2021

NIFTY UPDATE OF 18 NOV 2021

 Nifty  exhibited high volatility in trades on Thursday. The key indices witnessed wilted under severe selling pressure in the first-half of the day, before staging a partially mid-way, only to lose ground once again. Nifty    have recouped some of its losses in the last half-hour of trades or so on the back of renewed buying interest in banks and index heavyweight Reliance Industries. The BSE Sensex was down 375 points at 59,633, and the NSE Nifty had slipped 132 points to 17,767.One 97 communications, the parent company of digital payments major Paytm, made a weak stock market debut as its shares got listed at Rs 1,950, a 9 per cent discount against its issue price of Rs 2,150 on the National Stock Exchange  on Thursday. On the BSE, the stock opened at Rs 1,955 per share.

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Tuesday, November 16, 2021

NIFTY OUTLOOK FOR 17 NOV 2021

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Nifty ended on negative note on November 16  below 18000 dragged by the bank, pharma, oil & gas and metals stocks.Markets edged lower in a volatile session despite stable global cues. Finally, Nifty settled at 17,999  down by 0.6%. Amid all, a mixed trend was witnessed on the broader front wherein midcap ended lower and smallcap closed marginally in the green. On the technical front, markets are trading around the key support zone of ~ 18,000 levels and if it sustains above this level for a few more sessions, we can see a good up move in the near term. Immediate support and resistance in Nifty 50 is 17,850 and 18,250 respectively. Technically, the index has formed a bearish candle on the daily time frame, which shows weakness in the counter. On the hourly chart, the index has been trading with lower highs lower lows, which point out some corrections for the next trading session. 

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Resistance: 18100, 18200, 18300

Support: 18000, 17900, 17800



Saturday, November 13, 2021

NIFTY OULTOOK FOR NEXT WEEK (15-NOV-2021 TO 18-NOV-2021)

The market snapped three-day losing streak on November 12 and regained the previous session losses led by the IT, power and realty names amid mixed global cues.At close, the Sensex was up 767 points at 60,686, while the Nifty was up 229 points  at 18,102.For the week, BSE Sensex and Nifty50 indices rose 1 percent each.The momentum which was lost during the week was regained as inflation worries started fading with investors shifting their focus to good quarterly earnings, economic recovery and strong domestic macro data points, The Nifty formed a bullish candle on daily scale and negated its lower highs - lower lows of two sessions, which suggests strength in the counter.At present, the index has a support level of 17,900, while resistance is at 18,250 levels. The index has moved above its strong hurdle zone of 18,000-mark which hints if prices managed to hold above the 18,000-mark, then one can expect a current pullback to extend further towards 18,200-18,300 zone, the immediate hurdle zone on the higher side.Also any dip near 18,000 mark will be again fresh buying opportunity.It formed a small bodied bullish candle on weekly scale with long lower shadow indicating declines are being bought despite profit-booking at higher zones.The index has to hold above 18,000 zones for an up move towards 18,250 and 18,350 zones. While on the downside, supports shifts higher to 17,900 and 17,777 levels. Next week would be crucial for the Nifty. If we can keep above 18,150 for a couple of sessions, the markets can scale higher to 18,400 and then 18,600. This will also take out the upper end of the current range which will add further momentum to the index.

WEEKLY RESISTANCE FOR NIFTY: 18200, 18300, 18400

PIVOT POINT: 17900

WEEKLY SUPPORT FOR NIFTY:  17900, 17700, 17500

WEEKLY CHART FOR NIFTY

Friday, April 24, 2020

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 28 APRIL TO 2 MAY 2020

WEEKLY RESISTANCE FOR NIFTY: 9390, 9470,9550
PIVOT POINT: 9200
WEEKLY SUPPORT FOR NIFTY:  9100, 9000, 8800
WEEKLY CHART FOR NIFTY



















DAILY RESISTANCE FOR NIFTY: 9300, 9375, 9450
PIVOT POINT: 9200
DAILY SUPPORT FOR NIFTY:  9150, 9100, 9050
DAILY CHART FOR NIFTY

Our markets started with a decent upside gap to kickstart the new trading week. However it turned out to be a formality and within first 15 minutes, the index eventually coupled with the Nifty and other global bourses. During the remaining part of the day, index kept flirting with the positive and negative territory to conclude on a flat note. Yesterday, it was a day of consolidation as Nifty kept gyrating within the slender range of 100 points. We had a muted session on Monday but overnight there was unprecedented fall seen in Crude oil prices which spooked traders’ fraternity across the globe. As a result, our markets opened on Tuesday with more than 200 points downside gap and then kept sinking to test the 8900 mark. Due to some mild recovery towards the fag end, the Nifty eventually closed tad below 9000 by shedding three percent as compared to the Monday’s close. Nifty indicating a sluggish start on Wednesday began half a percent higher; courtesy to a bumper opening in heavyweight RELIANCE INDUSTRIES after the announcement of Facebook-Jio deal. However, similar to previous session, the index declined after the opening ticks in first half an hour of trade. But this time, the dip had come not to extend the correction but to rally higher. Post the initial hour, we saw strong buying emerging across the board, mainly in financial stocks, which accelerated as the day progressed to recoup major chunk of previous day’s losses. Thursday, our markets opened higher by shrugging off what Nifty had indicated. During the initial trade, Nifty came off a bit; but as expected, this early morning dip got bought into. In fact the buying momentum accelerated as the day progressed to eventually conclude the penultimate weekly expiry above the 9300 mark.Market extended losses Friday as hopes faded for a quick turnaround for the global coronavirus pandemic. The Sensex ended the week at 31327, down 536 points while Nifty lost 160 points to settle the week at 9154 levels.

Friday, March 13, 2020

50 SHADES OF RED

NIFTY PLUNGES 10%, HITS LOWER CIRCUIT; MARKETS HALT TRADING FOR 45 MINUTE 
Markets across Asia collapse
Nikkei down 8.5%,
Shanghai 3.3%,
Hang Seng 6%,
Singapore 5%,
Kospi 8%
Market trading to resume from 10.20 onwards
Next Nifty circuit level at 8,151 down 15%


Friday, March 6, 2020

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 9 MARCH TO 13 MARCH 2020

WEEKLY RESISTANCE FOR NIFTY: 11000, 11200,11500
 PIVOT POINT: 10800
WEEKLY SUPPORT FOR NIFTY:  10700, 10600, 10500
WEEKLY CHART FOR NIFTY


















DAILY RESISTANCE FOR NIFTY: 11050, 11100, 11150

PIVOT POINT: 10900
DAILY SUPPORT FOR NIFTY:  10850, 10800, 10750
DAILY CHART FOR NIFTY
Market is badly affected by the coronavirus in this past week. Nifty closed the week below 11000 mark. The Nifty had a huge nose dive in this week. Overnight weak global cues along with troubles in the banking sector took toll on the Nifty as it shed around 300 points on Friday 06 March 2020. The sell-off in the market was triggered by weak global trend due to coronavirus outbreak, restricting international travel and trade. Additionally, moratorium enlarged domestic concern over safety of financial system and Indian rupees weaken past 74 levels due to these issues. The bailout is a positive development lowering long-term systemic problems and will increase safety for depositors.

Friday, May 3, 2019

NIFTY WEEKLY PREDICTION & CHARTS 06 MAY TO 10 MAY 2019

WEEKLY RESISTANCE FOR NIFTY: 11775, 11875, 11975
 PIVOT POINT: 11700
WEEKLY SUPPORT FOR NIFTY:  11625, 11550, 11500
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 11750, 11800, 11850
PIVOT POINT: 11725
DAILY SUPPORT FOR NIFTY:  11675, 11635, 11575
DAILY CHART FOR NIFTY 

After an extended weekend, our markets had a sluggish opening on Tuesday as there was no major trigger on the domestic as well as global front. Yes, Brent crude cooled off a bit; but our markets have already discounted it while closing on Friday. On Tuesday, during the initial hour, all of a sudden the selling triggered in the market and in the process, we once again slipped below the 11700 mark. Fortunately for us, quite similar to Friday’s session, we had a good upsurge during the penultimate hour, which pulled the index back into the relatively safer territory.  Wednesday market was closed due to Maharashtra Day. On Thursday post a midweek holiday, our markets started on a mild negative note taking the cues from the SGX Nifty. On Thursday market closed flat gave all its intraday gains in the final hour of trading. The nifty closed down 12 points at 11712.  Subsequently, Index witnessed choppy swings on both sides of the trend twice during the session and eventually ended with a marginal loss of 0.20% at 11725. There is a famous saying, all’s well that ends well and its goes perfectly with the recent price development. Firstly, we successfully managed to defend the key support of 11550 and then went on to close well inside the safe territory by reclaiming the 11800 mark. Now, at his juncture, we do not have signals that will provide us a proper trade set up. But since the broader trend remains bullish, we continue to remain upbeat on the market as long as it holds 11550, convincingly. On the higher side, 11800 followed by 11850 are the levels to watch out for. If we see any renewed buying interest in some of the heavyweight constituents, we would expect index hitting fresh highs very soon. Till the time, the consolidation continues in the range of 11800 – 11550.
NIFTY VIEW FOR COMING WEEK  06 MAY TO 10 MAY 2019

Saturday, October 20, 2018

NEXT WEEK NIFTY PREDICTION & CHARTS 22 OCT TO 26 OCT 2018

TO GET OPTION CALL PUT TIPS WHATSAPP UR NAME & SEGMENT ON 9039542248 

WEEKLY RESISTANCE FOR NIFTY: 10550, 10750, 10850
 PIVOT POINT: 10300
WEEKLY SUPPORT FOR NIFTY:  10200, 10100, 10000
WEEKLY CHART FOR NIFTY












DAILY RESISTANCE FOR NIFTY: 10400, 10550, 10750
PIVOT POINT: 10300
DAILY SUPPORT FOR NIFTY:  10250, 10200, 10150
DAILY CHART FOR NIFTY





During the week, our markets defending the key support level of 10200 on a closing basis was certainly a remarkable achievement. It was clearly an indication that the sellers have exhausted and they do not have further strength to react to the global hiccups. Hence, we had a gap up opening on the concluding day of the week with a good bump up and in fact, the momentum accelerated as the day progressed. In the course of action, we are back to Wednesday’s highs by ending the week on a cheerful note. Finally, the recent losing streak came to an end as we not only managed to defend the critical support level of 10200 but also ended the week with a good hope of further recovery in the forthcoming week. Last week, we had highlighted few notable observations and all those key technical evidences have proved their significance.
Trading for the week began with a decent bump up but this early morning lead immediately got sold into. Index came off sharply during the midst of the day towards the 10400 mark. This important intraday junction provided rock solid support for our market and as a result, we witnessed a v-shaped recovery in the latter half to reclaim the psychological figure of 10500 on a closing basis. Tuesday had a positive opening with marginal upside gap after Monday’s good tail end buying. Subsequently, we saw the index adding further gains in the initial hour. However, Nifty struggled around 10600 and hence, we saw a decent dip during the midst of the day. Fortunately for traders, this intraday decline eventually got bought into and as a result, the Nifty managed to close well inside the positive territory. Wednesday’s session opened with a good bump up of more than 100 points, owing to massive overnight rally in US markets on Tuesday. However, this lead did not last too long due to strong profit booking at higher levels. In fact, things became worse as index pared down all gains and eventually ended the session with a cut of over a percent to conclude tad above the 10450 mark. Thursday market was shut on accounts of Dassehra. Week has ended sharply lower amid weak global cues. Reliance earnings, NBFC crisis and H1-B visa issue dented investor’s sentiment. The Sensex ended the week down 463 points at 34315 and the Nifty slipped 149 points to 10303.
NIFTY: A STRONG SUPPORT WILL BE @ 10200; STRONG RESISTANCE LEVEL SEEN @10800
Next week is the expiry week for F&O Oct series , As long as it holds below 10300 , the Nifty50 may continue to extend weakness towards 10200 and the psychologically important 10,000 levels, while on the upside, the medium-term hurdle is shifting from 10650  to 10750 levels. As long as Nifty doesn’t surpass any immediate hurdle, the overall weak structure could limit the upside for the market.  Broad range for the week is seen from 10200 on downside & 10800 on upside.
TECHNICALLY SPEAKING.

Monday, October 1, 2018

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 Mondays 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.

Thursday, February 8, 2018

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 9 FEB 2018

The market logged a strong recovery today with gains of nearly 1% each, ending the seven-day losing streak since the Modi government presented its last full year Budget last Thursday before it goes to Lok Sabha polls in 2019. Markets were buoyed as brighter corporate earnings improved sentiment. While Sensex rose 330 points to 34413 level, Nifty staged a 100 point recovery from Wednesday's lows. The key indices started on a positive note in early trade and held on to their gains throughout the day, recording 552 points  and 161 points gains intraday, respectively compared to yesterday's close.

Tuesday, December 12, 2017

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 13 DEC 2017

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Tuesday belonged to the bears…!!! Bears took the  charge in the final hour of trade today. The Sensex ended over 200 points down, while the Nifty was below 10275-mark. Investors are having an eye on what the US Federal Reserve will do as well as how the second round of polling will progresses in Gujarat.  The Sensex closed down 227 points at 33228, while the Nifty was down 81 points at 10264. Investor remained cautious that higher global crude oil prices would stoke inflation and impact future interest rate decisions by the Reserve Bank of India. The Nifty settled has opened at 10332 made a high of 10337 & low of 10254, total 83 points nifty future has moved in intraday.  The banknifty future fell over 1 % after gaining 2.2 % in the last three sessions. Banknifty future has opened at day’s high 25399 & made a low of 10254 & finally closed at 25165 total 239 points banknifty future moved in intraday. ICICI Bank, Axis Bank, and HDFC Bank fell over 1% while oil marketers Hindustan Petroleum Corporation Ltd, Indian Oil and Bharat Petroleum Corporation lost as much as 2-4%.

Saturday, December 9, 2017

NIFTY WEEKLY PREDICTION & CHARTS FOR 11 DEC TO 15 DEC 2017

WEEKLY RESISTANCE FOR NIFTY: 10330,10370,10410,10450
PIVOT POINT: 10225
WEEKLY SUPPORT FOR NIFTY:  10200, 10180, 10150, 10100
WEEKLY CHART FOR NIFTY




















DAILY RESISTANCE FOR NIFTY: 10315, 10335, 10375
PIVOT POINT: 10250
DAILY SUPPORT FOR NIFTY:  10220, 10175,10150
DAILY CHART FOR NIFTY


The Nifty future has started the week on positive note. On Monday rangebound trading session was there due to the RBI’s two-day monetary policy review kicks off on Tuesday and the decision was given on Wednesday. The market posted a biggest drop after the announcement of RBI kept repo rate unchanged to 6% on wednesday rbi policy review. RBI Governor Urjit Patel said the credit flow is already better than last October also lower FY18 economic growth forecast by Fitch Ratings and ABP News CSDS opinion poll indicated tough fight for the BJP in Gujarat also dampened market sentiment on Wednesday. The Nifty future has settled below its crucial psychological level of 10100 on Wednesday. Bulls came back in action on Thursday. They managed to make nifty cross the hurdle of 10175-10200. Finally after a tough fight with bears, bulls won the Friday. The Sensex surged 301 points to close at 33250. The Nifty future too went past the 10250-level & closed near 10300 level at 10290. 
MARKETS TO FOCUS ON GUJARAT ELECTIONS
Hopes that the Bharatiya Janata Party  would win critical elections in Gujarat beginning this weekend has contributed to the positive sentiment. An election in Prime Minister Narendra Modi’s home state is a key test for the BJP, ahead of general elections in 2019. The results will be out later this month. According to polls, BJP is expected to win, but the seat count would be lower than what they were vocal about. If they do win, I think markets will take it positively. We may see the same uptrend continued next week also due to Gujarat election polls which is due on 9th & 14 Dec 2017 while results will be out on 18 Dec. Though we expect a quiet start, the follow-through rally to continue with the levels of 200-DMA acting as important support. The levels of 10350 and 10450 will act as immediate resistance levels for the market. Supports come in at 10200 and 10050 zones.

Tuesday, August 22, 2017

NIFTY VIEW & BEST NIFTY TIPS FOR 23 AUG 2017

Market is in consolidation phase. Lackluster trading day end on positive note with nifty inched toward 9800 mark. On Tuesday the Sensex closed up 33 points at 31291, while the Nifty future ended higher by 25 points at 9794. Nifty future opened at 9810 made a high of 9837 & low of 9769. Market was trading range bound as investors looked for major triggers. Geopolitical tensions and Infosys crisis already priced in.