NIFTY OUTLOOK & FREE NIFTY CALLS FOR FRIDAY 26-JUNE-2015

Today Nifty index reclaimed its crucial psychological level of 8350 and was trading with a positive bias. The markets ended higher on Thursday amid volatile trades owing to expiry of derivatives contracts for the month of June. The Sensex closed 166 points higher at 27896 and the Nifty advanced 37 points to shut shop at 8398. Nifty traded on very volatile note in trades today. In the intraday deals, the Sensex touched high of 27968 and low of 27635 and the Nifty moved in a range of 94 points.

NIFTY OUTLOOK & TRADING TIPS FOR 24 JUNE 2015

Nifty 8300 call given yesterday almost achieved 1^st tgt

The markets gained for eighth day in a row on Tuesday. Nifty was trading flat after it reclaimed the psychological level of 8350 .The Sensex advanced 74 points to close at 27804 and the Nifty jumped 28 points to shut shop at 8381. For the most part of the day, the Sensex and Nifty traded in a range bound fashion. The Nifty touched high of 8398 and low of 8334. The up-move in the markets came on the back of better than expected monsoon rains which will help lower inflation hence giving some head room to the Reserve Bank of India to cut interest rates further going ahead.

NIFTY OUTLOOK & NIFTY LIVE CALLS FOR TUESDAY 23 JUNE 2015

IFCI Call Given June 17, 2015 Achieved 1^st Tgt , Continue to hold for 2^nd tgt

"Buy Nifty 8300 Call @ 78 Tgt 112/145 Sl 25"

Today also the bulls are on the driver seat only. Putting up a good show for yet another session, local market ended with gains of around a percent which took both Sensex and Nifty above psychologically crucial 27700 and 8350 levels respectively. Buying was visible across the sectors in trades today.  The Sensex surged 414 points to close at 27730 and the Nifty advanced 128 points to shut shop at 8353. It touched a high of 8369 and a low of 8257 in trade today. For the most part of the day, the Indian bourses traded on a strong note and the Nifty crossed its 200-day simple moving average on the back of better than expected monsoon rains so far, reigniting hopes that the inflation will remain under control and will give head room to the Reserve Bank of India to cut interest rates.

NIFTY TECHNICAL REPORT & DAILY CHARTS FOR NEXT WEEK 22-06 -2015

DAILY RESISTANCE FOR NIFTY: 8269, 8292,8358,8424

PIVOT POINT: 8226

DAILY SUPPORT FOR NIFTY :  8203, 8160, 8094,8028

DAILY CHAT FOR NIFTY:  

WEEKLY RESISTANCE FOR NIFTY: 8242, 8327,8561,8795 

PIVOT POINT: 8093

WEEKLY SUPPORT FOR NIFTY :  8008, 7859, 7625,7391

WEEKLY CHAT FOR NIFTY:

Sensex extended its gain for sixth day in a row on Friday and rose 200 points or 0.74%  to close at 27,316. The Nifty gained 50 points or 0.62%  to end at 8,247. Sensex ended 3.3 per cent higher, while Nifty closed 3.03 per cent up for the week ended June 19. I would look at a retest of 8,200 on Nifty on the upside. It is a very important level on the medium term charts. To begin with, I will start with a positive bias. Once Nifty gets past 8,080, we would possibly be adding long positions. If 8,200 is crossed later, then we may be in for some short-term up move, other than a pullback or a short coverings rally. "There is a degree of expectations that with good monsoons the RBI might reduce interest rates in September-October.so may be positive interest in banking, automobile, capital goods, and oil & gas stocks.

NIFTY TREND FOR 20 JUNE 2015

Nifty closed on a bull note at 8091 level .So today on upside first resistance is at 8200-05 level. The current spell in market may not last for very long as there are too many global event causing uncertainties. Next resistance are at 8228, 8268,8299 level On downside first support is at 8148-43 level. Next support are at 8121, 8078, 8052 level. 

NIFTY OUTLOOK FOR FRIDAY 19 JUNE 2015

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While bulls appeared to have got their act together after the recent thrashing, today's extended rally in the market was the result of a sublime performance by index heavyweight Reliance Industries (RIL), which registered its best single-day gains on the bourses in last 16 months.The Indian benchmark indices rose for the fifth straight day on Thursday. The Sensex provisionally ends 287 points higher at 27119 and Nifty also ended above the crucial 8100 level at 8174, up 83 points.

NIFTY OUTLOOK FOR THURSDAY 18 JUNE 2015

"SELL M&M FUTURE BELOW 1240 TGT 1220/1200 SL 1258"
"BUY IFCI 25 CALL @ 1.10 TGT 1.80/2.70 SL .30" 
It has been a relief rally after taking beating in earlier sessions. The market continued its rally for the fourth consecutive session Wednesday; rising 0.55 percent ahead of outcome of Fed’s two-day meeting tonight.  Rising for the fourth straight day, the benchmark Sensex today jumped 146 points to 26832 driven by surge in blue-chips HUL and ITC on above-normal progress in monsoon and strengthening of rupee. For the most part of the markets traded on a strong note. The Sensex surged over 300 points and the Nifty rose above its crucial psychological level of 8,100 but came off the intraday highs as selling in banking and power stocks capped the gains. Nifty, which reclaimed its crucial psychological level of 8100, pared gains in the last half an hour of trade and closed just below that level.  The Nifty ended at 8091. It touched a high of 8136 and a low of 8048 in trade today.

NIFTY OUTLOOK FOR WEDNESDAY 17 JUNE 2015

Markets opened flat on Tuesday and remained volatile for most part of the trading session.

The Sensex staged a smart recovery in the last 30 minutes of trade to end 100 points higher at 26,686.  The Nifty settled 33 points higher to close 8,047 after buying in banking, auto and power stocks resumed. For the most part of the day, the Sensex traded in the negative territory but it rebounded over 350 points from the intraday low levels.