NIFTY OUTLOOK & FREE NIFTY TIPS FOR 28 APRIL 2016

"BUY IDFC FUTURE ABOVE 46.60 TGT 46.90/47.20 SL 46.20"

"BUY NIFTY 8000 PUT @ 30 TGT 69/88"

Accelerating April!!!! Market end at 2016 closing highs. After enjoying a fantastic rally and taking over the sensex 26000 and nifty 7950 level today, the market ended at highest levels for the calendar year. The barometer index alternately moved above and below that level in intraday trade so far. A rally took the Sensex past the psychologically important 26000 mark yesterday, 26 April 2016. The sensex was currently trading above the psychologically important 26000 mark. Domestic equity BSE Sensex and NSE Nifty swung between gains and losses on Wednesday as investors stayed cautious ahead of US FOMC meet outcome due today and F&O expiry tomorrow.

Nifty was seen trading in a very narrow channel throughout the day’s session due to absence of fresh cues from both international and domestic markets.  Today, Sensex closed 56 points up at 26064, while Nifty settled 17 points up at 7979. The BSE Sensex opened at 25956 touched an intra-day high of 26093 and low of 25885.The NSE Nifty opened at 7942 hitting a high of 7991 and low of 7941.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 26 APRIL 2016

"BUY UPL @ 527 TGT 531/536 SL 521"

Volatility was witnessed there in the market on the first day of expiry week. The market fell down due to heavy selling in power, metal, and infrastructure and PSU stocks amid weak global cues. There are multiple events including central bank meetings and F&O expiry scheduled for this week so market participants are a bit cautious ahead of those. Monthly derivatives contracts are due to expire on Thursday, traditionally marking a volatile period in markets. Traders also remained wary ahead of the beginning of the second part of Parliament’s Budget session today as concerns over passage of proposed Bills persisted and focus shifted to key Goods and Services Tax Bill.  The Indian market started off the week on a weak note The Sensex ended with a loss of 159 points at 25679. The Sensex opened at 25891 touched an intra-day high of 25891 and low of 25586. The Nifty closed with a loss of 44 points at 7855. The Nifty opened at 7894 hitting a high of 7911 and low of 7827.

NIFTY WEEKLY REPORT FOR UPCOMING WEEK 25/04/2016

WEEKLY RESISTANCE FOR NIFTY: 7948, 7981, 8015, 8049,8080

PIVOT POINT: 7916

WEEKLY SUPPORT FOR NIFTY :  7882,7848,7815,7783,7750

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 7927, 7943, 7957, 7971

PIVOT POINT: 7912

DAILY SUPPORT FOR NIFTY :  7898, 7884, 7868, 7823

DAILY CHART FOR NIFTY

Sensex opened the week at 25758, made a high of 26031, low of 25635 and closed the week at 25838. Thus it closed the week with a gain of 200 points. At the same time the Nifty opened the week at 7905, made a high of 7984, low of 7851 and closed the week at 7913. Thus the Nifty closed the week with a gain of 45 points.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 22 APRIL 2016

“SELL RELIANCE FUTURE BELOW 1036 TGT 1029/1021 SL 1049”

“BUY BANK NIFTY FUTURE ABOVE 16650 TGT 16690/16740 SL 16600”

It was a stellar rally in the market on Thursday, Today market ended flat before turning into red. Whole day nifty was trading above the level of 7900, but before the closing of market nifty came down below the level of 7900.  The Sensex closed up 36 points at 25880, and the Nifty slipped 2.70 points at 7912. The BSE Sensex opened at 25980 touched an intra-day high of 26080 and low of 25783. The NSE Nifty closed with a loss of three points at 7912. The NSE Nifty opened at 7954 hitting a high of 7978 and low of 7884.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 21 APRIL 2016

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The Sensex and the Nifty ended near flat on Wednesday after hitting their highest level in more than three months earlier in the session. Markets ended flat amid choppy trades shrugging off weak global cues with the Nifty rising 5% in the past six consecutive trading sessions. The Sensex ended with a gain of 27 points at 25844. The Sensex opened at 25942 touched an intra-day high of 25956 and low of 25716. The Nifty closed at 7915. The NSE Nifty opened at 7950 hitting a high of 7950.40 and low of 7877.

Short-term traders with high risk appetite can go long. Stop-loss can be kept at 7850 for the target of 7950. Intraday dips to 7910 and 7880 can be used to accumulate longs.

At the moment, there are no positive triggers that could drive markets upwards, so we could see a range-bound trend between 7850 to 7950 on Nifty. Supports for the contract are at 7850 and 7820.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 20 APRIL 2016

"SELL SBIN FUTURE BELOW 186 TGT 184.60/182.20 SL 188.90"

"BUY DLF 130 CALL @ 1.70 TGT 2.90/3.40"

Yesterday the NSE Nifty closed with a gain of 64 points at 7915. The Nifty opened at 7908 hitting a high of 7921 and low of 7843.

NIFTY OUTLOOK & FREE NIFTY & STOCK TIPS FOR 20 APRIL 2016

Market gained weight due to the fine start of the result season and the contraction in WPI inflation to -0.85% has smoothed the way forward. Today indices finished higher for a fourth consecutive session as investors cheered software services firm Infosys' upbeat revenue forecast and its third successive estimate-beating earnings on new client wins. Robust Q4 earnings from IT major Infosys and positive macro data amid above normal monsoon projection lifted sentiment as benchmark indices BSE Sensex and NSE Nifty reclaimed their psychological levels of 25800 and 7900, respectively, today. The global market witnessed a correction as oil producers could not reach a consensus on output freeze. The Sensex ended with a gain of 189 points at 25816. The Sensex opened at 25833 touched an intra-day high of 25870 and low of 25634. The NSE Nifty closed with a gain of 64 points at 7915. The Nifty opened at 7908 hitting a high of 7921 and low of 7843.

KNOCKING ON THE DOORS OF 200DMA - 18 APRIL 2016

SMALL WEEK; BIG GAINS.

Despite being a small week of just three trading sessions, the market registered big gains and in the process managed a close above the critical resistance level of the previous intermittent top of 7777. Interestingly, the bullish momentum has taken the market higher and it is now at the brink of the long term Resistance, which consists of the Trend line which has been acting as strong Resistance for more than a year and the critical long term average of 200dma. Next week will be interesting as the market not only grapples with this critical Resistance but also digests the results of Infosys which will be declared on Friday.

TECHNICALLY SPEAKING.

Sensex opened the week at 24789, made a high of 25671, low of 24523 and closed the week at 25626. Thus it closed the week with a gain of 953 points. At the same time the Nifty opened the week at 7577, made a high of 7864, low of 7516 and closed the week at 7850. Thus the Nifty closed the week with a gain of 295 points.

On the daily charts, both the indices opened with a big gap up and continued its run to register a big Opening White body Marubuzo. On the weekly charts, both Sensex and Nifty have formed a big Closing White Body Marubuzo. Thus daily as well as weekly candlestick pattern study indicates a bullish bias in the near term.

After a gap up opening on Wednesday, market proceeded from strength to strength and in the process overcame the previous intermittent top of Sensex 25479 and Nifty 7777. As a result, we now look at the Retracement of the entire fall from Sensex 30024 to 22494 and Nifty from 9119 to 6825. The relevant Retracement levels are placed at Sensex 25371-26259-27148 and Nifty 7702-7972-8243.