Thursday, February 19, 2015

NIFTY OUTLOOK FOR 20-FEB-2015

Today's market activity was the best example of volatility ahead of the budget. Nifty index rose by 26 points, to close at 8895. Intra-day, it moved between 8794 and 8913. Nifty briefly slipped below crucial psychological levels of 8,800 led by selling in ICICI Bank, State Bank of India and ITC. The Nifty was closed at 8895 level. It touched a high of 8919 and a low of 8794 in trade today. Total 125 points was played by nifty throughout the day.

Wednesday, February 18, 2015

NIFTY OUTLOOK FOR TOMORROW 19-JAN-2015

The buying spree continued for the sixth consecutive session on Wednesday as the benchmark indices added more than half a percent gains. Private banking & financials, technology and FMCG stocks supported the indices. Capital goods, IT and power led today's gains while oil & gas, metals and realty sectors showed resistance. Nifty ended at 8882, up 59 points. It touched a high of 8886 and a low of 8808 in trade today, total 78 points was played by nifty throughout the day.

Monday, February 16, 2015

NIFTY OUTLOOK FOR 18-FEB-2015

Market was volatile today, ahead from tomorrow’s trading holiday and going-on Eurozone meet.  After a strong opening, the markets pared majority of its gains due to holiday and weak European markets. The Nifty opened higher on Monday tracking positive Asian markets. The Nifty opened on a strong note in trades on Monday and touched intraday high of 8870.  Nifty opened at 8831 made a high of 8870 and low of 8793 and closed at 8809. Overall uptrend continued in-line with pre budget rally.
For Wednesday range between 8830 and 8870 for the Nifty would act as the most critical zone: if the bulls were to be able to hold the index above this zone then they would continue to display strength even though they would need to get past 8840 and 8885 on the upside to march ahead and retest theearlier high at 8996. If we see the index going down in profit

Friday, February 13, 2015

NIFTY TECHNICAL REPORT FOR UPCOMING WEEK 16 FEB 2015

While analysing the Daily charts of “NIFTY”, we found that it appears strong -:

~ Nifty has recently made a Swing low which would again take it to all time high levels as it has done earlier.

~ Nifty has made the last swing low by making “Piercing Line” formation on the Charts.

~ Nifty has just bounced back from close to previous resistance levels of 8400. As per “Theory of Polarity”, it has positive implications

~ We have seen reversal in RSI which could further push Nifty upwards.

Thursday, February 12, 2015

NIFTY OUTLOOK FOR FRIDAY 13 FEBRUARY,2015

Volatility was witnessed there in the market today.Today bulls and bears had a tough. The bears were trying to pull nifty to level 8600 and bulls were managing to keep nifty at or above 8700 level. But at last bulls ruled in the market. The late trade rally after a consolidation on Thursday helped the equity benchmarks gain 1 percent ahead of January CPI and December industrial output data which to be announced later today. Upside in global markets post Russia ceasefire also supported the market.Today, Russia and Ukraine agree ceasefire was one of the reasons today that helped the market post higher gains. Nifty closed above the 8700 level, up 84 points at 8711. Today nifty started at 8676 made a high of 8732 and low of 8599, total 133 points was moved by nifty throughout the day.

Wednesday, February 11, 2015

NIFTY OUTLOOK FOR TOMORROW 12-02-2015

See-saw movement was there in the market. Today Nifty index reclaimed the 8,600-mark powered by a rebound in bluechips amid hopes of faster reforms and optimism over the upcoming Budget. Today nifty was shuttling between 8593 and 8651 level. Today nifty started at 8627 and made a high of 8651 and low of 8593 and closed 8627 total 58 points was moved by nifty throughout the day.

Tuesday, February 10, 2015

NIFTY OUTLOOK FOR TOMORROW 11-FEB-2015

The fifty stock index Nifty snapped 7-day losing streak on Tuesday, the index rallied a bit intraday but could not hold all its gains till the end. Today’s session was more like a roller coaster ride, where the index opened negative, then showed some strength in morning trades, but the sentiments turned pessimistic in late afternoon trades and index started drifting lower, however the market regained its momentum in the final hour of trade and finished the day gaining around half a percent.  Today nifty started with 8478 made a high of 8646 and low of 8470 and closed at 8565, total 176 points was played by nifty throughout the day. 

Monday, February 9, 2015

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 Stoploss 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 trendline 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.