Bulls run continued on Thursday’s trade & took the nifty above the
resistance level 10800 & finally closed at 10765. Nifty future has started
the day at 10725 and made a high of 10814 total 89 points nifty future has
moved in intraday while the Sensex gained a little over 400 points. Bank Nifty
too rose 150 points to 26517 level. A day after
the Reserve Bank hiked rates, the markets continued to rally on the relief that
an important event was now in the rear view mirror. In the policy, RBI allowed banks to spread Mark to
Market losses in investments in available for sale & held for trading
portfolio for June quarter equally over four quarters. This will give relief to
the banks which suffered heavy MTM losses due to recent spike in bond yields.
Also, RBI mentioned that credit off take is satisfactory. The rate hike will
help improving banks NIMs for future credit off take. This has led to positive
sentiment in market. The rate hike is a negative but markets are recovering due
to short-covering, since people sold off their positions at higher levels prior
to the RBI meet and are now covering their positions at lower prices.
Thursday, June 7, 2018
Wednesday, June 6, 2018
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 JUNE 2018
Bulls are back on the driver seat & took
nifty to 10700 mark. The Sensex and Nifty gained nearly 1% today after the
Reserve Bank of India’s monetary policy decision has decided to increase key
interest rates by 25 basis points to 6.25%. All the six members of RBI’s
monetary policy meeting have voted in favour of a rate hike, while maintaining
a neutral stance. Meanwhile in global markets, stocks in Europe and Asia were
mixed as tech-inspired rally in global stocks is waning. The Sensex closed
higher by 275 points, to 35178, while the Nifty rose 91 points to close at
10684.
Tuesday, June 5, 2018
NIFTY OUTLOOK FOR RBI POLICY 6 JUNE 2018
KEEP AN EYE ON
RELINFRA ON 06 JUNE
Nifty came down & closed below 10600 mark;
eying RBI meet due tomorrow..!!! The market has ended a highly volatile day on
negative note as investors chose to remain on the sidelines ahead of the
outcome of RBI’s monetary policy meet. The Monetary Policy Committee (MPC)
of the Resave Bank of India began its three-day meeting on Monday amid high
speculation that it may hike key interest rates for the first time in over four
years, keeping firming inflation in view. The Sensex came down 108 points
at 34903 and the Nifty future came down below 10600 mark to close at 10,596.
The bank Nifty ended on flat note at 26257. An increasing number of economists
expect the Reserve Bank of India (RBI) to raise interest rates on
Wednesday, a Reuters poll found, but most still think the central bank will
stay on hold and use this week’s meeting to prepare for an August hike. Among
macro data released earlier today, activity in India’s service industry shrank
in May for the first time in three months as new orders stagnated, but business
optimism was the highest since 2015 on expectations that demand will turn
around, a business survey showed.
Saturday, June 2, 2018
NIFTY WEEKLY PREDICTION & CHART FOR 04 JUNE TO 08 JUNE 18
WEEKLY
RESISTANCE FOR NIFTY: 10805,10844,10883,10988
PIVOT
POINT: 10672
WEEKLY
SUPPORT FOR NIFTY : 10694,10527,10461,10355
WEEKLY CHART FOR NIFTYDAILY RESISTANCE FOR NIFTY: 10720,10745,10807,10844
PIVOT
POINT:10694
DAILY
SUPPORT FOR NIFTY : 10645,10619,10582,10544
DAILY CHART FOR NIFTY
Sensex opened the
week at 34856, made a high of 34967, low of 34344 and closed the week
at 34924. Thus the
Sensex closed the week with a gain
of 76 points. At the same
time, the Nifty opened the week at 10648,
made a high of 10715 low of 10556
and closed the week at 10671.
Thus the nifty closed the week with a gain of 63 points. Benchmark indices ended lower on Friday. Price correction on the first
session of the new June series derivatives today took its toll. Markets started
on a positive note after data showed that India’s January-March 2018 GDP growth
soared to a seven-quarter high of 7.7 per cent, spurred by robust performance
of manufacturing, construction and service sectors, helping it retain the tag
of the fastest growing major economy.
Friday, June 1, 2018
BANKNIFTY PREDICTION & CHARTS FOR 04 JUNE TO 08 JUNE
WEEKLY
RESISTANCE FOR BANKNIFTY: 27353, 27563, 27774, 28342
PIVOT
POINT: 26637
WEEKLY
SUPPORT FOR BANKNIFTY : 26216,25502,24931,24363
WEEKLY CHART
FOR BANKNIFTYDAILY RESISTANCE FOR BANKNIFTY: 26814, 26899, 26984,27251
PIVOT
POINT: 26717
DAILY
SUPPORT FOR BANKNIFTY : 26547, 26499, 26316,26183
DAILY
CHART FOR BANKNIFTY
Stop-long positions at 26,500.
Stop-short positions at 26,800.
Bank Nifty opened the week at 26334 made a high of 26776, low of 25987
and closed the week at 26645 . Thus it closed the week with a gain of 405 points. As the bank nifty is managing to trade above its
22 and 55&200 days moving averages with the RSI of 61, above 26800 one may expect the targets of 27000/27200/27450/27700
in the bank nifty if it manages to sustain above the immediate support level of
26500/26330/26000.
And resistance level for bank nifty are 26800,27000 ,27500.
Thursday, May 31, 2018
NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 1-06-18
F&O expiry of may series was above expectation, after a long we have seen bulls only in action on the expiry day on expectations that the domestic economy likely gained momentum in the first three months of 2018 bulls cheered...!!!! The Sensex ended the day at 35322, up 416 points while the broader Nifty future settled at 10727. India is likely to retain the position of world’s fastest growing major economy in the January-March quarter, surpassing China’s growth of 6.8 per cent, driven by gains in manufacturing and consumer spending. The median in a Reuters poll on the latest quarter’s annual growth was 7.3%, the best pace since July-September 2016. Forecasts for January-March range from 6.9 to 7.7%.
Wednesday, May 30, 2018
NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 31 MAY 2018
"BUY NIFTY ABOVE 10600 TGT 10635/10650 SL 10565"
Market continues to trade lower on Wednesday
worries over Euro zone break-up risk due to political turmoil in Italy. All
sectoral indices are in the red except metal stocks are trading marginally
higher. The nifty future has started from 10569 made a high of 10648 & low
of 10539 & closed at 10604.
Tuesday, May 29, 2018
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30-05-18
"BUY NIFTY ABOVE 10650 TGT 10700/10750 SL 10590"
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