NIFTY OUTLOOK & FREE NIFTY TIPS FOR 26 AUGUST 2015

China continued to see turmoil, collapsing another 7.6 percent today while Japan closed 4 percent lower. Markets crashed in the last session and major indexes reached levels not reached since October last. Dow is again down by 588 points. Equity benchmarks continued to be volatile in trade today due to lack of trigger and ahead of expiry of August Nifty derivative contracts (on Thursday). The Sensex gained 162 points at 25903 and the Nifty advanced 26 points to 7835.
Nifty future tumbled to levels not seen since last October in a global melt down. On the lower side, 7795-7720 is a strong support region and 7770 is the immediate support, 7720 is an important level and a decisive breach of this level will bring in fresh supplies which could take it down to 7630-7560-7480 levels. On the higher side, 7850 is the immediate resistance and it must sustain decisively above this region to signal a breather in the downswing and above 8005 for some meaningful pullback.

NIFTY TECHNICAL REPORT DAILY & WEEKLY CHARTS FOR NEXT WEEK 24-08 -2015

DAILY RESISTANCE FOR NIFTY: 8346, 8386, 8488, 8590

PIVOT POINT: 8284

DAILY SUPPORT FOR NIFTY :  8244, 8182, 8080,7978

DAILY CHAT FOR NIFTY: 

WEEKLY RESISTANCE FOR NIFTY: 8490, 8674, 8992,9310

PIVOT POINT: 8356
WEEKLY SUPPORT FOR NIFTY :  8172, 8038, 7720,7402

WEEKLY CHAT FOR NIFTY:

The market closed at two-month low on Friday, tracking weakness in global peers on growth concerns and China volatility. Banks, realty, auto and infrastructure stocks dragged the market while FMCG and select healthcare stocks helped the market show some recovery in last hour of trade. Even the likely relief to FIIs on MAT levy aided the late recovery. Sensex dropped 241 points or 0.88 percent to 27366, the lowest level since June 19, after hitting an intraday low of 27131. Nifty closed tad below the 8300 level. It touched day's low of 8225, before closing at 8299, down 72.80 points or 0.87 percent.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 24 AUGUST 2015

The world and all its markets came crashing down and the Indian indices too witnessed profit-booking for the second consecutive session of trade on Friday, which dragged Sensex and Nifty below crucial 27400 and 8300 levels respectively. Broader indices too suffered similar losses.The Sensex nosedived by over 400 points in early trade on Friday following selling by foreign funds and retail investors after a global rout in stock markets over growth concerns. Sensex fell 242 points to settle at 27366 and Nifty declined 73 points to close at 8300 tracking selloff in global stock markets and weakness in rupee against the US dollar. Intra-day recovery in select banking stocks and index heavyweights ITC and Reliance Industries helped benchmark equity indices trim losses but failed to bring them back into the green.The Nifty tumbled to a low of 8225 in opening trades. The index, thereafter, recovered and ended just shy off 8300-level, down 73 points from the previous close.

NIFTY OUTLOOK FOR FRIDAY 21 AUGUST 2015

Bearishness was witnessed in the market. Today bears were successfully to take nifty away from its comfortable zone of 8400. Today session started with negative note, and was continuously declined, concerns over falling rupee amid weak global markets weighed down market sentiments. Markets closed the session on a dismal note, amid weak global cues, on a broad based sell-off across the counters with Banks, IT and Metal stocks contributing the most to the decline. Meanwhile, caution prevailed on the bourses after the Fed released the minutes of its latest policy meeting stating that the conditions for a rate hike are approaching. Provisionally, the sensex slumped 286 points to close at 27647 and the Nifty slipped 111 points to end at 8384.

BEST NIFTY TIPS & NIFTY OUTLOOK FOR 20 AUGUST 2015

Yesterday’s nifty future call almost hit 1^st tgt…

Today the Bulls were marginally ahead of the bears in the wider market.  The Nifty snapped a 2-day losing streak on Wednesday as traders latched on to the relative safety of defensive pharma and software stocks and pressed sales on banking shares. The Nifty added 28 points, percent, close at 8495 after recovering from an intra-day low of 8420 points. But the Bears were on top in the futures and options space even as Nifty Futures adding 27 points at 8508.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 19 AUGUST 2015

"SELL NIFTY FUTURE BELOW 8450 TG 8420/8380/8365 SL 8590"

The Sensex and Nifty edged down in choppy trade on Tuesday as investors pared positions on risk aversion after a steep fall in Chinese equities, and on worries at home that the monsoon may be deficient. The Sensex ended 47 points lower at 27831 and Nifty slipped 11 points to close at 8466 after the Chinese markets slumped in trades today leading to sell off in the Indian markets as well. In the intraday deals on Tuesday, the Sensex opened on a positive note and at its day's high, the Sensex advanced 162 points while the Nifty touched high of 8525 and low of 8433. However, weakness in the Chinese markets had its effect on the Indian equities as well which came under selling pressure. Also, market sentiments were dented after ratings agency Moody’s Investors Service revised its forecast for India’s economic growth to around 7 per cent this year from 7.5 per cent because of lower-than-expected rainfalls in the monsoon season further dents market mood.

It was a volatile opening for Nifty future as it rallied to an intraday high of 8525, and slipped to a low of 8433 in the noon session. Neither did it cross the initial high posted in subsequent rallies nor did it breach the low on sell offs. It closed in the negative below the 8500 level. Some consolidation in the 8440-8530 region was seen after the big move on the previous day before the next trending move. On the higher side, 8500 is the immediate resistance above which 8540 is the next supply zone and this must be taken out before fresh momentum can be expected. 8590-8612 must be taken out decisively before the bulls can feel comfortable again. On the lower side, 8455 is the immediate support below which 8435, 8400 are important levels expected to give some support. Below 8400, the initiative will move in the hands of the bears. A decisive breach of 8370 will signal further weakness.

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RESISTANCE: 8500, 8550, 8600

SUPPORT:  8450, 8400, 8350                

NIFTY OUTLOOK & FREE NIFTY TIPS FOR TUESDAY 18 AUGUST 2015

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The Sensex fell 189 points to close at 27878 and Nifty declined 41 points to shut shop at 8477 on the back of profit booking after Friday's sharp up move. In the intraday deals today, the Sensex and Nifty traded with a negative bias. Sensex tanked over 189 points to close below the 28000-level on Monday as participants indulged in offloading positions amid exports contracted for the eighth straight month by 10 per cent in July to $23.13 billion. The 30-share barometer slipped below the 28000-mark by plunging 189 points to close at 27878 on Monday. Nifty dipped below the 8500-mark by losing 41 points to close at 8477.

NIFTY TECHNICAL REPORT DAILY & WEEKLY CHARTS FOR NEXT WEEK 17-08 -2015

 

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Daily	R4	R3	R2	R1	BULL	LOC	BEAR	S1	S2	S3	S4
Levels	8615	8535	8485	8454	8423	8388	8354	8323	8292	8242	8161

 

DAILY CHAT FOR NIFTY:  

Weekly	R3	R2	R1	REVERSAL	BULL	LOC	BEAR	REVERSAL	S1	S2	S3
Levels	8827	8737	8682	8613	8592	8575	8558	8537	8468	8413	8358

WEEKLY CHAT FOR NIFTY:

TECHNICAL ANALYSIS FOR NIFTY

Nifty ends above 8500, Sensex up 518 pts; PSU banks lead The Sensex was up 517 points or 1.9 percent at 28067 and the Nifty was up 162 points or 1.9 percent at 8518. Fresh slide in the nifty future halted as it moved within the range of the previous day, technically speaking it was an inside day. The next move will be clear in the next couple of days and is important as market action will reveal whether it was a respite in continuation of the slide or whether some meaningful pull back is in the offing. today, markets have closed moderately in the positive after three days of bear hammering. Though nifty futures have closed the day with gains, the chart formation is not very comfortable but confirmation is awaited from today’s movement. It opened the day on a promising note, gap up, and though It moved up to 8445 in intraday rally, it to cross 8454 barrier and post noon closed the gap as it breached the 8550 support and closed below it. 8300 is likely to offer some support as the 200 day exponential moving average is posited there. A decisive breach of this level will be significant since it is a long term moving average and will signal fresh downside momentum. On the higher side, 8597-8649 is the immediate resistance and a failure to cross it on rallies will have further bearish impact. It must now sustain above 8455 to signal the end of the slide and above 8597 to signal strength.

DAILY RESISTANCE FOR NIFTY: 8597, 8649, 8799, 8850

DAILY SUPPORT FOR NIFTY :  8447, 8349, 8199,8049

WEEKLY RESISTANCE FOR NIFTY: 8567, 8753, 9045,9337

WEEKLY SUPPORT FOR NIFTY :  8275, 8169, 7877,7585

ABOVE 8597 IT IS BULLS AREA 

BULLS CAN MOVE TOWARDS 8650 AND 8700 

BEARS ARE ALSO CAN BE ACTIVE  
BELOW 8447 BEARS HAVE TARGET AT 8400 AND AT 8350