NIFTY OUTLOOK & FREE NIFTY TIPS FOR 3 FEB 2016

Market languishes in red..!!! The sixth bi-monthly policy meet turned out to be a non event as the RBI kept key interest rate unchanged which was in line with market expectations. After a rally on Friday and a tumble from highs on Monday, the indices remained choppy as ever slipping sharply on Tuesday.  The Reserve Bank of India (RBI), in its Sixth Bi-monthly Monetary Policy Review, 2015-16, has decided to keep the repo rate same, opting to wait for the government’s annual budget statement at the end of February for further easing, with no pulls or pressure from the market. Governor Raghuram Rajan declared that the Repo Rate will be maintained at 6.75%, with CRR at 4%. Reverse Repo Rate is held at 5.75%. The Sensex finally ended with a loss of 285 points at 24539. It opened at 24868, touched an intra-day high of 24929 and low of 24461. The Nifty ended with a loss of 100 points at 7456. It opened at 7567 hitting a high of 7576 and low of 7428. The market was largely digesting the announcement which was wide in-line expectation. But a slip in the European market due to fall in crude prices has impacted Indian equities. Globally investors are shunning risky assets like oil, equities and commodities.

RBI LEAVES REPO RATE, CRR, SLR UNCHANGED

At its first bi-monthly monetary policy meeting of 2016, the Reserve Bank of India (RBI) today left its key repo rate, along with cash reserve ratio and statutory liquidity ratio, unchanged.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 FEB 2016

Market Ends Lackluster Session on Negative Note Market started the new month on a tender note as investors turned cautious ahead of the Reserve Bank of India’s monetary policy review on Tuesday. Markets started the first day of the month of February on a positive note supported by strong global cues. Sensex ends 46 points down ahead of RBI monetary policy review, Nifty settles at 7556 banking stocks fall.  The Sensex and Nifty closed in red on Monday ahead of the Reserve Bank of India’s (RBI) monetary policy review scheduled for Tuesday. The sentiments remained under pressure after Standard & Poor’s Ratings Services stated that India will face challenges in sticking to the fiscal consolidation roadmap as the expected revenues may not be fully realised and subsidy cuts may be delayed. Sensex closed 45 points down at 24824, while Nifty settled 7 points down at 7555. Huge volatility was witnessed ahead of the RBI’s monetary policy review on Tuesday.The Sensex opened at 24982, touched an intra-day high of 25002 and low of 24789. It finally ended with a loss of 45 points at 24824. The Nifty opened at 7589 hitting a high of 7600 and low of 7541, before ending with a loss of mere eight points at 7556.

NIFTY CHART & NIFTY WEEKLY REPORT FOR UPCOMING WEEK 01 FEB 2016

WEEKLY RESISTANCE FOR NIFTY: 7471, 7492, 7514, 7550

PIVOT POINT: 7441

WEEKLY SUPPORT FOR NIFTY :  7398, 7383, 7368,7295

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 7571, 7612, 7636,7660

PIVOT POINT: 7531

DAILY SUPPORT FOR NIFTY :  7483, 7442, 7402,7273

DAILY CHART FOR NIFTY

Sensex opened the week at 24540, made a high of 24911, low of 24340 and closed the week at 24870. Thus it closed the week with a gain of 435 points. At the same time the Nifty opened the week at 7468, made a high of 7575, low of 7402 and closed the week at 7563. Thus the Nifty closed the week with a gain of 141 points.

NIFTY FUTURE AS PER TECHNICAL,

This week our markets rallied on the back of positive global markets, and as a result the relief rally got extended. the short term trend has turned positive and now the market seems to be on its way to test the strong Resistance zone between Nifty 7674-7721. It should be kept in mind that the current rally is just a relief rally and one should not be surprised if the rally gets sold into.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 FEB 2016

For the last few weeks Fridays have been a recovery day for weak markets. Once again what an incredible way to end the week, as Nifty surpassed the 7550 mark rising over 130 points while Sensex gained over 400 points today. Bulls are back on the driver series. F & O February series has started with positive note. The  Sensex ended 401 points higher in trade on Friday, while Nifty topped its key 7550-mark on the first day of the February derivative contracts. Sensex rallied 401 points to close at 24870, while Nifty climbed 139 points to settle at 7563.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 29 JAN 2016

YESTREDAY’S NIFTY FUTURE ACHIEVED 1^ST TGT

NIFTY OPTION NOT EXECUTED

Market ended flat amid a listless session as traders rolled over positions in the derivatives segment from January series to February series.  Further, the US Federal Reserve in a recently concluded two day policy review meet maintained a dovish stance and kept interest rates unchanged. The  sensex ended down by 23 points at 24470 and the Nifty50 settled at 7425, down by 13 points.

NIFTY OUTLOOK & FREE NIFTY OPTION & FUTURE TIPS FOR 28 JAN 2016

NIFTY & BANKNIFTY GIVEN IN LAST POST ACHIEVED 1^ST TGT

“SELL NIFTY BELOW 7450 TG 7420, 7380 SL 7485” 

“BUY NIFTY 7450 PUT ABOVE 40 TG 55/80 SL 20”

Today market closed on a flat note after swinging between minor gains and losses as investors avoided risky bets ahead of US Federal Reserve policy statement due later in the day.  The  Sensex and Nifty closed the volatile day on a flat note as investors opted to remain on sidelines ahead of January F&O expiry session and US Federal Reserve policy outcome due later in the day. Sensex closed 7 points up at 24492, while Nifty settled 2 points up at 7437. The Nifty 50 futures contract was volatile and moved sideways in a range between 7,400 and 7,500 on Wednesday. The contract fell to a low of 7,415 and has reversed higher from there.The Sensex opened at 24643, touched an intra-day high of 24646 and low of 24458. It finally ended at 24,492. The Nifty opened at 7470 hitting a high of 7478 and low of 7420, before ending with a gain of mere two points at 7437.

NIFTY OUTLOOK & FREE NIFTY & BANKNIFTY TIPS FOR 27 JAN 2016

“BUY NIFTY FUTURE ABOVE 7440 TG 7470, 7500 SL 7400” 

“SELL BANKNIFTY FUTURE  BELOW 15490 TG 15410, 15300 SL 15550”

“Strategy: Go short at 7,480 with a stop-loss at 7,505”

Choppy day!!! Lack of movement was there in the market today due to the expiry week of future & option January contract which will be on Thursday jan 28, 2016. The Sensex and Nifty pared some of their gains on Monday and closed on a flat note on account of selling in frontline blue chip stocks taking cues from European counterparts. The sentiments also came under pressure after Moody’s poll stated that the greatest challenge facing the Indian economy is exposure to external shocks such as interest rate hike in the US and slowdown in China and the risk has risen since last year. Sensex closed 50 points up at 24485, while Nifty 50 index settled 13 points up at 7436. The Sensex opened at 24541, touched an intra-day high of 24651 and low of 24434. It finally ended with a gain of 50 points at 24486. Nifty settles below 7450 level. The Nifty opened at 7469 hitting a high of 7487 and low of 7421, before ending with a gain of 14 points at 7436.