Bulls
scamper back. The Nifty Future traded as
per our expectation and closed above 8200 level. Today markets were not only witnessing strong
recovery but also closed on a higher mark. The indices like IT and Auto
outperformed and pulled up the benchmarks. Both the indices closed on a
positive note, up around 1% respectively. Domestic equity indices Sensex and
Nifty on Monday opened the day in red on RBI Governor Raghuram
Rajan’s no to a second term, but soon recouped their losses on hectic buying by
some institutions and soothing voices from rating agency Fitch and some
prominent marketmen while fading Brexit worry helped too. RBI governor
Rajan announced his resignation on Saturday which came as a surprise to most
market participants, largely seen as move against incumbent politicians suspect
to be advocating crony capitalism. The Sensex
ended with a gain of 241 points at 26867. The Sensex opened at 26497 touched an
intra-day high of 26885 and low of 26447. The Nifty closed with a gain
of 68 points at 8239. The Nifty opened at 8116 hitting a high of 8244 and low
of 8107.
Monday, June 20, 2016
Saturday, June 18, 2016
NIFTY WEEKLY REPORT FOR 20 JUNE TO 24 JUNE 2016
PIVOT
POINT: 8176
PIVOT
POINT: 8155
Sensex
opened the week at 25735, made
a high of 27020, low of 23002 and closed the week at 26525. Thus
it closed the week with a loss of 80 points. At
the same time the Nifty opened the week at 8124, made
a high of 8232, low of 8076 and closed the week at 8163. "Supported
by global markets’’ rebound after being
on the back foot through the week, Indian stocks opened positive.The
Indian equity market closed
with modest gains on Friday amid a choppy session. Indices managed to
clock in marginal gains tracking positive global cues.
As
expected the market was extremely sluggish throughout the week. closing
below 61.8% Retracement of Nifty i.e. 8243, This is not a sign of reversal; it
is just a consolidation
to gather strength; which will help the Bulls to overcome the above mentioned critical
level. In
the near term, expect strong support at the Bullish Gap between 7948-7941.
Friday, June 17, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS 20 JUNE 2016
FOR FREE TIPS FILL UP THE FORM GIVEN HERE>>>>>>>
Bulls win the Friday. Snapping previous session's losses, the Sensex on
Friday settled the day 100 points higher, while the broader Nifty jumped
above its key 8150-mark. Market sentiments boosted after the killing of
a pro-EU British politician was seen swaying sentiment in Britain toward the
"Remain" camp ahead of the referendum next week. The Sensex closed
at 26626. The Sensex opened at 26654 touched an intra-day high of 26731 and low
of 26539. The Nifty closed with a gain of 29 points at 8170. The Nifty
opened at 8177 hitting a high of 8195 and low of 8135.
Thursday, June 16, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 JUNE 2016
After taking a breather in the previous session, the bears were
back on the driver seat. The indices extended decline to hit fresh intraday low
in mid-morning trade. Weakness was seen in Asian indices after the Bank of
Japan and the US Federal Reserve deciding to keep interest rates on hold
weighed on domestic bourses. The Sensex on Thursday pared some losses
to settle the day 200 points lower, while the Nifty ended below its key 8150-mark,
tracking negative trend seen in global markets. The Sensex ended with a loss of
201 points at 26525. The Sensex opened at 26686 touched an intra-day high of
26686 and low of 26315. The Nifty closed with a loss of 66 points at 8141. The Nifty
opened at 8181 hitting a high of 8180 and low of 8074. US Federal Reserve and
Japan's central bank kept their respective monetary policies steady. Top losers
from the Sensex pack are ICICI Bank, Maruti Suzuki, ITC, NTPC and Bharti
Airtel, all falling between 2%-3%.
Wednesday, June 15, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 JUNE 2016
Bulls are back on the driver seat. Snapping four-session long
losing streak on Wednesday, the Sensex settled
the day 330 points higher, while the broader Nifty reclaimed its key
8200-mark. The Sensex and Nifty snapped a four-day losing streak on
Wednesday after Union Cabinet approved new civil aviation policy and merger of
five associaties with SBI amid firm Asian markets. Sensex closed 330 points up
at 26726, while Nifty settled 97 points up at 8206. The Sensex opened at 26501 touched
an intra-day high of 26753 and low of 26447. The Nifty closed with a gain of 98
points at 8206. The NSE Nifty opened at 8139 hitting a high of 8213 and low of
8123. The rally today was supported by strong European markets, ahead of Fed
decision, and the cabinet approval for SBI (State Bank of India) units to merge
with itself. MSCI’s decision of not including China A-shares in EM index also
relieved investors. Looking at the US treasuries right now, it doesn’t look
like market is expecting the Fed will hike rates tonight, but it remains to be
seen whether it is a full stop, comma or a semicolon for now.
Tuesday, June 14, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 JUNE 2016
See-saw
movement was there in the market today.
On Tuesday Sensex & Nifty swung between gains and losses and ended
the trade on a flat note. Key benchmark indices provisionally settled a tad
below the flat line in what was a lackluster session of trade. The Sensex
ended with a loss of mere one points at 26396. The Sensex opened at 26482 touched
an intra-day high of 26485 and low of 26265. The Nifty closed with a loss of
mere two points at 8109. The Nifty opened at 8134 hitting a high of 8135
and low of 8070. Investors have been on edge as they await the outcome of the
US Federal Reserve’s two-day meeting that begins later in the day and worries
over a referendum in Britain next week about whether to exit the European
Union. Sentiment was further hit after data late on Monday showed India’s
annual retail inflation rose to a near two-year high of 5.76% in May, while
data on Tuesday showed stronger-than-expected Wholesale Price Index (WPI)-based
inflation.
Monday, June 13, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 14 JUNE 2016
"BUY INDIACEM FUTURE ABOVE 102.10 TGT
102.85/104.20 SL 100.20"
"BUY ICICBANK 240 CALL @ 7 TGT 9.4/12.90 SL
4.80"
The week has started on bearish note. The Sensex and Nifty
fell for the third straight session on Monday on renewed worries about the
impact of Britain’s June 23 referendum on whether to leave the
European Union amid subdued Asian markets ahead of US Fed meet. The Sensex
fell more than 1% on Monday and the Nifty tumbled below its crucial
psychological level of 8100 on the back of weak global cues as risk aversion
prevailed in risk assets across the globe ahead of key events like Brexit vote
and US Fed meet which will kick off from tomorrow. The Sensex ended with a loss
of 239 points at 26396. The Sensex opened at 26468 touched an intra-day high of
26468 and low of 26262. The Nifty closed with a loss of 59 points at 8111. The Nifty
opened at 8102 hitting a high of 8125 and low of 8063. Weak IIP and expectation
that CPI inflation is likely to accelerate is hammering the market. Weakness in
rupee due to anxiety over the upcoming FOMC and BoJ policy meet is shifting the
investor’s focus from riskier assets to safe havens like gold.
Saturday, June 11, 2016
NIFTY WEEKLY REPORT FOR 13 JUNE TO 17 JUNE 2016
WEEKLY
RESISTANCE FOR NIFTY: 8256, 8285, 8330, 8375
PIVOT
POINT: 8228
WEEKLY
SUPPORT FOR NIFTY : 8183,8138,8109,8007
WEEKLY CHAT FOR NIFTY
DAILY
RESISTANCE FOR NIFTY: 8245, 8269, 8322,8344
PIVOT
POINT: 8220
DAILY
SUPPORT FOR NIFTY : 8183, 8145, 8121, 8096
DAILY
CHART FOR NIFTY
Sensex opened the week
at 25150, made a high of 27009, low of 23002 and closed the week at 26763. Thus
it closed the week with a loss of 80 points. At the same time the Nifty opened
the week at 8248, made a high of 8318, low of
8171 and closed the week at 8190. "Markets exhibited
a burst of volatility intraday on Friday, the indices rallied to the 8,300
levels after opening flat for the day, this upmove sharply reversed to take the
markets lower for the day all the way to the 8,170 levels.
key events
June 15:
|
FOMC
Meeting
Two-day meeting, June 14-15,2:00 p.m. ET Industrial Production and Capacity Utilization - G.17 ,9:15 a.m. ET |
In overseas stock markets,
Asian and European shares edged lower on concerns about global economic
slowdown and concerns over the 23 June 2016 referendum that could see Britain
exit the European Union. Earlier this week, the World Bank revised its global economic
growth forecast for calendar year 2016 to 2.4% from the 2.9% projection in
January. Key indices in UK, Germany and France dropped by between 1.68% to
2.25%. The UK government holds a referendum on 23 June 2016 on whether the
country should remain a member of the EU. The Organization for Economic
Cooperation and Development (OECD) has warned that Britain's leaving the EU the
so-called Brexit could send shocks through global financial markets. Brexit
would lead to economic uncertainty and hinder trade growth, with global effects
being even stronger if the British withdrawal from the EU triggers volatility
in financial markets.
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