NIFTY OUTLOOK & CHART FOR 8 AUG 2018

TO GET FREE OPTION/FUTURE TIPS FILL UP THE FORM GIVEN HERE>>>>Bulls were in relaxing mood. After 2 days of record breaking run bulls were taking a breathe in today’s session. Market was moving in a narrow range & nifty future closed the session above 11400 mark after making high of 11445 & low of 11376 led by banking stocks amid strong cues from global markets.

NIFTY OUTLOOK & FREE TIPS FOR 7 AUG 2018

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No Monday blues for the bulls..!!! Continuing their record-breaking run, bulls hit new fresh record highs on Monday & took nifty above 11400 marks for the first time history of Indian stock market led by banking stocks amid strong cues from global markets. . Nifty future started from 11420 made a high of 11447 and low of 11386  & finally closed at 11421.

BANKNIFTY WEEKLY PREDICTION & CHART FOR 06 AUG TO 10 AUG 18

WEEKLY RESISTANCE FOR BANKNIFTY :27900,28000,28100

 PIVOT POINT: 27500

WEEKLY SUPPORT FOR BANKNIFTY:  27400,27300,27200

WEEKLY CHART FOR BANKNIFTY

DAILY RESISTANCE FOR BANKNIFTY: 27835,27875,27900

PIVOT POINT:27600

DAILY SUPPORT FOR BANKNIFTY :  27525,27425,27375

DAILY CHART FOR BANKNIFTY

The banknifty future started trading for the week with a positive bias. Post consolidating for a couple of hours, the index resumed its positive momentum and rallied higher throughout the session to register gains of three-fourths of a percent. On Monday banknifty future has closed at 27854. On Tuesday, the Nifty Bank index opened marginally negative and traded within its previous day's range to end the day with a marginal loss & closed at 27811. On Wednesday during the initial half of the day, the Nifty Bank index traded in a narrow range as the market participants awaited the outcome of the RBI policy. At 2.30 p.m., the monetary policy committee announces its decision to hike the repo & reverse repo rates by 25 bps. The Nifty Bank index reacted negatively on the announcement and corrected marginally to end the day with a loss of 0.60% at 27672. On Thursday the Nifty Bank index opened on a negative note and continued the negative momentum throughout the session. The index eventually ended the day near the low point of the day with a loss of 0.87 percent at 27776. On Friday is has shown some start recovery banknifty future has started at 27510 made a high of 27800 and low of 27475 & closed the week at 27786 up by 336 points.

NIFTY WEEKLY PREDICTION & CHART FOR 06 AUG TO 10 AUG 18

DAILY RESISTANCE FOR NIFTY: 11425,11450,11475

PIVOT POINT:11350

DAILY SUPPORT FOR NIFTY :  11300,11275,11250

DAILY CHART FOR NIFTY

WEEKLY RESISTANCE FOR NIFTY:11450,11500,11550

 PIVOT POINT: 11300

WEEKLY SUPPORT FOR NIFTY :  11250,11200,11150

WEEKLY CHART FOR NIFTY

NIFTY IN THE PAST WEEK

What a splendid week it turned out to be for our markets as we finally saw nifty hitting record highs. Throughout the week, Nifty maintained its positive posture and Friday’s session started with a bang at new highs. On Friday nifty future has opened at 11306 made a high of 110406 and low of 11302 and finally closed at 11396.   

Despite mixed global cues, the week started with mildly positive bias. During the initial trade on Monday, we did witness minor profit booking, which was probably a weak attempt to restrict the nifty below 11300. As a result, the early morning dip eventually got bought into and index went on to reclaim the 11300 mark on a closing basis. On Monday nifty future closed at 11338. On Tuesday the day started on a flat note in the absence of any major trigger from the global peers. The remaining part of the day was almost a replica of monday’s action as the index first corrected marginally in the initial hours and then a strong buying at lower levels pushed the index higher to clock smart gains of seven tenths of a percent to conclude at new high. Finally nifty future ended at 11371 on Tuesday. On Wednesday nifty had a flat start after seeing a smart recovery during the latter half of Tuesday. Nifty consolidated for the major part of the day; but volatility just kicked in once the RBI came out with its verdict on bi-monthly monetary policy. The market stabilized after some wild swings and the index eventually managed to close with negligible loss. Volatility was very much on cards considering the key event; but despite 25bps rate hike, index did not see any damage, which is certainly an encouraging sign. Nifty future closed on Wednesday at 11341. After the RBI monetary policy event on Wednesday, on Thursday nifty started on a weak note mainly on the back of some corrective moves seen in the global markets. However, as the sell off aggravated globally, our markets started to feel the rub off effect of the same and hence, we witnessed sustained weakness throughout the day to shed nearly a percent; becoming the weakest session after July 16. The Nifty future has ended at 11282.

NIFTY VIEW ON 03 AUG 2018

Strong global cues lifted the market sentiments on week ended Friday. The nifty future has started from 11306 made a high of 11365. For nifty future intraday support will be 11290 & resistance will be 11375.

HDFC, Reliance Industries, HDFC Bank, Kotak Mahindra Bank and Tata Consultancy Services contributed to the gain in market.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 3 AUG 2018

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Market has ended the day on bearish note, following weak global cues as well as profit booking in the market. The Sensex ended over 350 points lower, while the Nifty came down to 11250 as well. The Nifty index opened in the negative and witnessed selling pressure for most part of the session on Thursday. It finally negated the formation of higher highs and higher lows after nine consecutive sessions and drifted towards the 11235 level.
On Friday, the market is likely to see a quiet to modestly positive start. Though the market remains buoyant, it continues to be overbought and slightly overstretched on certain

NIFTY TRADING TIPS 02-08-18

NIFTY contd forward march in morning trading session and touched the record high of 11390

But there was sudden downfall in noon session where in we saw nifty trading at the levels of 11341 and finally settled at 11350.Tomorrow again the bulls will take the charge and we may see nifty struggling to cross the resistance level of 11400.but if it manages to do so the next hurdle of bulls will be 11450

The domestic stock market indices closed Wednesday's session on a negative note after Reserve Bank of India (RBI) raised interest rates for the second straight meeting today. The S&P BSE Sensex slipped 84.96 points, or 0.23 per cent, to close at 37,521.62. The NSE's Nifty50 index tripped 10.30 points or 0.09 per cent and settled at 11,346.20. The loss in equity indices were pulled down by financial and auto stocks.

NIFTY OUTLOOK FOR 1 AUG 2018

Nifty future buy call given in last post achieved first target 1377 and sail call contd. to hold for target.

It was tough day for bulls. Bulls could not continue the good start of nifty but at the end bulls again came in to the picture and managed to settle above 11375 support level. Nifty future has started the day at 11330 made a high of 11379 and low of 11290 & finally closed the day at 11375. The Nifty had formed an Inside Bar on the weekly chart in the penultimate week. Last week, the pattern broke out on the upside, leading to significant upside.