NIFTY OUTLOOK FOR MONDAY 17-NOVEMBER-2014

On week ended Friday Sensex and Nifty gained momentum to end at record closing highs. Sensex ended 106 points higher at 28,046 while Nifty rose 32 points to 8389. Nifty started at 8360 made a high of 8400 and low of 8346, total 54 points was moved by nifty throughout the day.

For Monday, we need to monitor the range between 8395 and 8455 for this would act as the most critical zone for the day. If this range were to be violated on the downside, the

NIFTY OUTLOOK FOR 14-NOVEMBER-2014

Buy SSLT 240 Put @ 8 Tgt 12.90/16.50 Sl 4.50

Buy Sail Future above 80.50 Tgt 81.50/82.50 Sl 78.80

The market witnessed a consolidation and ended lower. The benchmarks pared gains after a positive start and are trading in a range. The Sensex was down 68 points or at 27940 and the Nifty slipped 25 points at 8357. Today nifty opened at 8405 made a high of 8408 and low of 8320 total 88 points was moved by nifty throughout the day. It seems like; the

TECHNICAL VIEW ON CURRENCY

Rupee Technical Report

Current Spot Quote: 61.50

View: Bearish (On rupee)

Target: 66.50

Time-frame: By Feb 2015

Strategy:  Create longs between 61-61.50 with a Stop loss of 57.8 for 66.50(Spot levels)

Rational

Currency Chart

As can be seen from the Charts USD-INR has a Strong support placed at 60.50 levels with other crucial trend line support placed at 61/61.2 levels. Just on a Standalone basis by looking at the charts, we feel USD-INR Pair would have probably bottomed and any dips could be used an opportunity to buy .

Inter-market Analysis

Over a period of time emphasis in the Technical world has shifted from Single Market work to a more intermarket approach. In an increasingly interrelated financial world, the ability to study all markets gives Technical Analysts a huge advantage. No markets move in isolation and analysis of one market should include all the others. The four major groups are stocks, bonds, commodities and currencies, of which, Dollar and commodities trend in opposite directions. We believe falling commodities especially Gold and Crude will continue to have positive effect on USD.

Gold has recently given a breakdown from Descending triangle continuation pattern and could further fall to lower levels. Given this context, it is likely that Dollar will strengthen further across other global currencies.

NIFTY OUTLOOK FOR MONDAY 10 NOVEMBER,2014

"Sell Tatasteel Future below 472 Tgt 468/462 Sl 478"

"Buy Axis Bank Future above 475 Tgt 478/482 Sl 472 "

Nifty came under some pressure today after hitting record highs in the previous four sessions. . Nifty also slipped below the 8300 levels. Nifty started at 8331 made a high of 8360 and low of 8290 and closed at 8337. Total 70 points was played by nifty throughout the day. Sensex fell over 150 points to hit at 27739 at day's low.

NIFTY OUTLOOK FOR WEDNESDAY 05-NOVEMBER-2014

Friday’s Axis Bank Call Achieved 1^st target..!!!! Hindalco Call not executed

Buy IFCI 40 Call @ 1 Tgt 1.70/2.20 

Sell Tatamotors Future Below 533 Tgt 528/521 Sl 539

Nifty was on fire today. Today nifty crossed the resistance level of 8330 and made a new high of 8350, but in last half an hour of trading session nifty slipped down and came to 8324.Today nifty started at 8348 and made a low of 8297, total 53 points was moved by nifty throughout the day. This Monday’s high of 8335 would be the most crucial level for this truncated week in which there would be two trading holidays tomorrow and Thursday. In such a truncated week, bulls might not be carrying the large long positions they have created during last week and might well resort to profit taking. In such a situation, the range

NIFTY OUTLOOK FOR MONDAY 03 NOVEMBER,2014

Buy Axis bank Future above 440 Tgt 447/456 Sl 432

Sell Hindalco Future below 162.80 Tgt 161/158.40 Sl 165.70

Both Sensex and Nifty made fresh highs today, surging nearly 2 per cent each in trade on Friday. The Sensex ended the day at 27865, up 519 points. The Nifty shut shop at 8322, up 153 points. Nifty index rose over 150 points to make its all-time high of 8,330. Today nifty opened at 8200 made a high of 8330 and low of 8198 and closed at 8322 total 132 points was played by nifty throughout the day.

NIFTY OUTLOOK FOR TOMORROW 31-OCTOBER-2014

Large scale short covering and major long position build up in the October series show that the bulls are back again on the driver’s seat .Today the Sensex rallied over 260 points to hit a fresh record high of 27388, after a flat start, led by gains in realty stocks, Infosys, TCS, HDFC and Dr Reddy's Laboratories. The Nifty rose 62 points to settle at 8090 level. The nifty started at 8085 hit a high of 8181 and low of 8085 in intra-day trade and closed at 8169. Total 96 points was moved by nifty throughout the day. 

NIFTY OUTLOOK FOR 30-OCT-2014

The Sensex rallied over 200 points in trade on Wednesday to surpass the level of 27000. Nifty index also managed to reclaim the level of 8050, supported by gains in realty, IT, FMCG and auto stocks. Today nifty opened at 8077 made a high of 8097 and low of 8052 and closed at 8090, total 42 points was moved by nifty throughout the day.

Market may remain volatile tomorrow also.The near month October 2014 derivatives contract will expire by Tomorrow.In all likelihood, we are going to see a gap up opening in tomorrow’s session also, and there the Nifty could just open above 8075 level aided by the