NIFTY OUTLOOK & FREE NIFTY TIPS FOR 14 FEB 2017

"BUY YESBANK FUTURE ABOVE 1458 TG 1469/1484 SL 1447"

"SELL HINDALCO FUTURE BELOW 183 TG 181.2/177.4 SL 186"

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The week has started on positive note. Today market showed a range-bound movement wit  positive bias as investors are awaiting CPI inflation data today. The Sensex inched up by 17 points to close at 28351, while the Nifty went past the 8800 level. The Index slipped to touch a low of 28197 before settling 17 points, higher at 28351. The Nifty too settled 11 points higher at 8805 after shuttling between 8826 and 8754 level. Due to a slowdown in demand on account of demonetization, the CPI inflation is likely to moderate further and it will not create much impact on RBI to change their current neutral stance. Focus will be on earnings and a revival in demand with realization growth.

NIFTY WEEKLY PREDICTION FOR 13 FEB TO 17 FEB 2017

WEEKLY RESISTANCE FOR NIFTY: 8819, 8848, 8875, 8900

PIVOT POINT: 8790

WEEKLY SUPPORT FOR NIFTY :  8764,8737,8700,8679

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8823, 8840, 8864,8890

PIVOT POINT: 8811

DAILY SUPPORT FOR NIFTY :  8780, 8767, 8743,8700

DAILY CHART FOR NIFTY

Sensex opened the week at 28426, made a high of 22469, low of 28168 and closed the week at 28325. Thus it closed the week with a gain of 457points. At the same time the Nifty opened the week at 8808, made a high of 8843, low of 8732and closed the week at 8809.Thus it closed the week with a gain of 137points.Indices settled the day flat even ahead of December factory output later today on hopes of reviving economy. The factory output grew by 5.7% in November even after the note ban announced by PM NarendraModi. Sentiment was also affected as Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data.Nifty continued to hover around 8,800 levels.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 FEB 2017

Market erased early losses to close modestly higher on Thursday, with IT stocks taking the lead after recent steep losses on worries over H1B visa policy changes in the U.S.

The Sensex rose 39 points to 28329, snapping two days of losses. The Nifty index added 9 points to finish at 8778. The Sensex which opened at 28349 points, traded at 28281 points down 8 points, from the previous close at 28289 points.  The Sensex has so far touched a high of 28469 points and a low of 28152 points during intra-day trade.

NIFTY PREDICTION & FREE NIFTY CALLS FOR 8 FEB 2017

"BUY LT FUTURE ABOVE 1500 TGT 1508/1517 SL 1488"

"BUY BANKNIFTY 20300 9 FEB PUT @ 120 TGT 166/189 SL 40"

The market snapped its four-day winning streak driven by the Union Budget, as investors turned cautious ahead of the outcome of the two-day monetary policy committee meeting due Wednesday. The Sensex fell 104 points to 28335 and the Nifty declined 33 points to 8768 on profit booking after rising 3% each in previous four consecutive sessions. The consolidation to continue on Wednesday as the market seems to have priced in rate cut that is likely in forthcoming monetary policy on February 28. Investors are stepping back due to the uncertainty over FOMC rate hike, US policies and rising crude price which could impact inflation and rupee movement which consequently cast a shadow over the future RBI decision.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 FEB 2017

“BUY WOCKPHARMA ABOVE 720 TGT 735/745 SL 700”

“SELL WOCKPHARMA BELOW 699 TGT 685/675 SL 720”

The Budget-induced optimism got a leg to stand on as the Sensex today pushed higher for the fourth day by scoring 199 points to close at 28439 a 4-month high after hopes built up that RBI might go in for a rate cut at the Wednesday’s policy meet. The NSE Nifty retook the crucial 8,800-mark today. Benchmark indices ended at 5-month closing highs on Monday, with the Sensex rising 198 points to 28439. The Nifty gained 60.10 points at 8801. We have looked at the three year data of Sensex and Nifty performance a week after the budget announcement. Looking at the trend, the markets have not disappointed atleast for a week post the Budget since 2014.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 3 FEB 2017

There was some consolidation In today's trading session after the moves we saw yesterday. Nifty was oscillating in the positive and negative territory in the morning. Markets have shown an upward movement afternoon trading session. It touched a high of 8757 levels, up by 40 points. Nifty closed at 8734 levels, up by 18 points; while Sensex closed at 28226 levels, up by 85 points. Nifty and Sensex closed at four months’ closing high.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 FEB 2017

The market recovered the lost ground as finance minister Arun Jaitley made no reference to long-term capital gains tax on equities, and also set a comfortable fiscal deficit target of 3.2% for the fiscal year 2017-18. After the Budget speech, the Sensex gained over 400 points to reclaim 28000 level, while NSE Nifty surged above its crucial 8650 mark.

FOLLOW UP OF STRIP OPTION STRATEGY FOR BUDGET 2017-18

OPTION STRATEGY GIVEN ON OPTION TRADING TIPS BLOG

 

"BOOK BOTH LOT NIFTY 8600 PUT NEAR 189"