NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 JULY 2016

"SELL LT FUTURE BELOW 1562 TGT 1554/1548 SL 1568.90"
"BUY TATASTEEL 350 CALL @ 5.80 TGT 7.40/9.20 SL 3.50"

Lack of movement was there in the market today. Very range bound market was there in sensex & nifty. Sensex rose over 150 points while broader Nifty closed above its crucial psychological level of 8500 for first time in 11 months as encouraging U.S. data and expectations of further monetary stimulus from global policymakers held out hopes for a strong global economic outlook. The Indian stock market rallied for the second consecutive session ahead of IIP and inflation data to be released later in the day amid a firming trend overseas. The NSE Nifty closes above 8500 mark for first time since August 2015. Meanwhile, the strong likelihood of a GST Bill being passed in the monsoon session of Parliament, which starts on July 18, and hopes for a good start to the quarterly earnings season also boosted investor sentiment. The BSE Sensex ended with a gain of 181 points at 27808. The BSE Sensex opened at 27668 touched an intra-day high of 27828 and low of 27668. The NSE Nifty closed with a gain of 53 points at 8521. The NSE Nifty opened at 8503 hitting a high of 8527 and low of 8479.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 12 JULY 2016

“FUTURE BUY HDFC ABOVE 1310 TGT 1322-1332 SL 1300”

The week has started on bullish note. After last week's consolidation, bulls are back on driver seat on Monday. The Sensex & Nifty advanced nearly 2 %to their highest level in almost 11 months on Monday on account of firm global cues after strong US monthly jobs data reassured investors about the health of the world’s largest economy. The Sensex on Monday settled the day 500 points higher, while the broader Nifty jumped above its key resistance level of 8450-mark. The Sensex ended with a gain of 500 points at 26627. The Sensex opened at 26358 touched an intra-day high of 26647 and low of 26358. The Nifty closed with a gain of 145 points at 8468. The Nifty opened at 8413 hitting a high of 8475 and low of 8407. Positive US job data and expectations of a good start to the first quarter earnings season helped the market to rally. The rising stability in US economy is unlikely to support the Fed to make any changes in the interest rate in the near term due to the prevailing ambiguity caused by Brexit. This will provide a space to emergin markets like India to attract foreign funds.

NIFTY WEEKLY REPORT FOR 11 JUNE TO 15 JUNE 2016

WEEKLY RESISTANCE FOR NIFTY: 8386, 8405, 8429, 8452

PIVOT POINT: 8367

WEEKLY SUPPORT FOR NIFTY :  8344,8320,8300,8882

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8347, 8365, 8376,8388

PIVOT POINT: 8330

DAILY SUPPORT FOR NIFTY :  8318, 8307, 8289, 8272

DAILY CHART FOR NIFTY

Sensex opened the week at 27169, made a high of 27360, low of 27047 and closed the week at 27126. Thus it closed the week with a loss of 127 points. At the same time the Nifty opened the week at 8385, made a high of 8415, low of 8295  and closed the week at 8242. Thus the Nifty closed the week with a loss of 10 points. The Indian equity market ended with marginal losses on Friday amid another lackluster day of trades. Weak global cues and profit booking saw the indices close with minor losses. Once again indices were unable to find a specific direction for second consecutive day. 

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 JULY 2016

"BUY NIFTY ABOVE 8360 TGT 8400/8430 SL 8325"

Stock markets ended the day with marginal gains on Thursday tracking firm European markets. Sensex closed 34 points up 27201, while Nifty index settled 2 points up at 8337. The Nifty started the session on a negative note at 8347. It is volatile and continues to trade sideways in a narrow range between 8330 and 8,370. Nifty closed with a loss of mere two points at 8338. The Nifty opened at 8342 hitting a high of 8362 and low of 8318. Sentiments also got some boost after the newly appointed Minister of State for Finance Santosh Gangwar’s statement that the government is confident of getting the much-delayed GST Bill passed in the upcoming Monsoon session of Parliament.

NIFTY WEEKLY REPORT FOR 04 JULY TO 08 JULY 2016

WEEKLY RESISTANCE FOR NIFTY: 8297, 8380, 8428, 8476

PIVOT POINT: 8214

WEEKLY SUPPORT FOR NIFTY :  8166,8118,8035,7952

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8367, 8378, 8388,8398

PIVOT POINT: 8356

DAILY SUPPORT FOR NIFTY :  8346, 8336, 8325, 8312

DAILY CHART FOR NIFTY

Sensex opened the weekat 25623, made a high of 27020, low of 23002 and closed the week at 26999. Thusit closed the week with a loss of 128 points. At the same time the Nifty openedthe week at 8050, made a high of 8377, low of 8048  and closed theweek at 8358. Stock market in India ended in the green for fifth consecutivetrading session. Healthy macro-economic data and positive global cues liftedthe indices to close higher on Friday.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 JULY 2016

" BUY RCOM 55 CALL @ 1.8 TGT 2.8/3.2 SL  0.80"

"BUY NIFTY 8300 PUT @120 TGT 134/159 SL 100"

Bulls took the charge on dalal street. The June F&O settlement expired on a positive note. Benchmark indices Sensex and Nifty reclaimed their crucial psychological levels of 27000 and 8,300 mark. Mark mood remained upbeat since morning on account of firm global cues as Brexit fears are slowly subsiding. Finally, the Sensex ended with a gain of 259 points at 27000. The Sensex opened at 26926 touched an intra-day high of 27069 and low of 26873. The Nifty closed with a gain of 84 points at 8288. The Nifty opened at 8260. hitting a high of 8308 and low of 8242.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30 JUNE 2016

The market ended with handsome gains ahead of expiry of June F&O series on Thursday. Indices extended its winning streak to third consecutive trading session amid positive global cues and firm rupee. Sentiment got boost after the Union Cabinet approved a higher increase in the basic pay of government employees. Some support also came from Reserve Bank of India’s, Financial Stability Report (FSR) stating that despite global uncertainties, banking sector issues, the economy stands out in terms of growth as compared to other emerging markets and the Indian financial system remains stable.  The Sensex ended with a gain of 215 points at 26740. The Sensex opened at 26627 touched an intra-day high of 26776 and low of 26606. The Nifty closed with a gain of 76 points at 8204. The Nifty opened at 8173 hitting a high of 8212 and low of 8157.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 29 JUNE 2016

On Tuesday Markets remained in bullish territory. The market showed signs of resilience for second consecutive trading session as indices surged higher. Nifty surpassed the 8100 mark while the Sensex ended above the 26500 mark. The indices rallied as the good progress of monsoon rains lifted consumer goods makers such as Hindustan Unilever that depend on the rural economy, though trading volumes were thin due to continued concerns about the Brexit fallout. Sentiment got a fillip as European market too staged a strong recovery ahead of the commencement of a two-day European Council meet. The Sensex ended with a gain of 122 points at 26524. The Sensex opened at 26411 touched an intra-day high of 26583 and low of 26378.  The Nifty closed with a gain of 33 points at 8128. The Nifty opened at 8096 hitting a high of 8146 and low of 8087. Trading volumes were thin due to continued concerns about the Brexit fallout. Besides, short-covering ahead of June derivatives expiry on Thursday boosted the domestic sentiment.