Monday, September 10, 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 11 SEP 2018

BUY BANKNIFTY FUTURE ABOVE 27350 TGT 27400/27470 SL 27290
SELL ADANIENT BELOW 151 TGT 150/148.50 SL 152.50
Bulls are on back foot, Bears continued to rule…  The NSE Nifty ended the session at 11438, down 151 points. No sector managed to shut shop in the green although the Nifty IT index did manage to end on a flat note. The Nifty PSU Bank index was the worst sectoral performer with all 12 constituents closing in the red. Rout in rupee, Spike in bond yields, Weakness in global markets, Firming oil prices were the causes of this decline. Axis Bank was the top index gainer as the bank said Amitabh Chaudhry of HDFC Life will join as chief executive officer from January 1. 

Friday, September 7, 2018

NEXT WEEK NIFTY PREDICTION & CHARTS 10 SEP TO 14 SEP 18

WEEKLY RESISTANCE FOR NIFTY:11700,11800,11900
 PIVOT POINT: 11500
WEEKLY SUPPORT FOR NIFTY :  11400,11300,11200
WEEKLY CHART FOR NIFTY











DAILY RESISTANCE FOR NIFTY: 11650,11700,11750
PIVOT POINT:11600
DAILY SUPPORT FOR NIFTY :  11550,11500,11450
DAILY CHART FOR NIFTY
What a fantastic Friday it was for the bulls!  The Nifty future managed to end well above 11600 -mark. Bulls & bears were on roller-coaster ride in this past week. Markets went off the rails as Sensex and Nifty shed around a percent.  After opening the week on a flat note at 11755 nifty futures went down to 11437 on Wednesday, but in Thursday’s session bulls shown some strength & took nifty above 11600 mark. Finally nifty future has closed at 11634 marks on Friday. A strengthening rupee also helped the market recover. Cooling off of oil prices and some reported dollar selling by private banks erased some losses for the currency.

Thursday, September 6, 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 SEP 2018

WHATSAPP ON 9039542248 TO GET LIVE FUTURE/OPTION CALLS
After flipping between positive and negative zones, the market today settled with a marginal rise up,  After opening on a bullish note nifty remained under pressure in the first half of Thursday, Buying momentum in the second half recovered most of the earlier losses to close in the green.The sentiment on the market moved in tandem with the rupee’s movement on Thursday. A recovery in the Indian rupee, after it fell to a record low of 72.10/USD, helped the market end the day in green as well. The Nifty reclaimed 11,500-mark and ended above the threshold.   The Nifty future has opened the day at 11547 made a high of 11603 and low of 11470 & finally closed the day 11546. 

Wednesday, September 5, 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 SEP 2018

CALLS GIVEN IN YESTERDAY'S POST
DCB BANK FUTURE NOT EXECUTED
Bears continued to grip the markets…!!!!The market cracked heavily in trades today on account descending trend of the value of rupee and weak global trade sentiments. A good recovery in the last hour has helped the market close with shallow cuts. The Sensex managed to recover over 250 points from its low point, while the Nifty shed about 70-odd points from its low point. Both indices closed in the red. At the close of market hours, the Sensex is down 139 points at 38018, while the Nifty is down 43 points at 11477.

Tuesday, September 4, 2018

NIFTY PREDICTION & FREE NIFTY TIPS FOR 5 SEP 2018

BUY DCB BANK FUTURE ABOVE 172 TGT 173.90/176 SL 169.50
BUY DLF 190 PUT @ 4 TGT 5.5/7.9
Bulls are on back foot, Bears continued to rule. It was a double whammy for the market on Tuesday as a weak rupee along with higher crude oil prices dragged the market further. The Nifty managed to give up 11,550-mark, while the Sensex shed 38200-mark as well. Nifty future has started on bearish note and gradually declined as the session progressed & finally closed at 11580 down by 60 points. Nifty future has started from 11633 made a high of 11649 and low of 11550, total 99 points moved in intraday. Investors were likely to have been worried about macro effect of higher crude oil prices, even as Brent crude touched USD 79 per barrel. Any up move on oil prices adversely impacts domestic macros, particularly in case of India. The nation imports a huge quantity of its oil requirements. Hence, this bullishness could hurt India’s finances as more money would have had to be spent by the exchequer to buy this oil. Further adding to the problems for India were a depreciation in the Indian rupee. It fell below the psychological mark of 71.50 and plunged to a record low of 71.5363.

Monday, September 3, 2018

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 SEP 2018

After opening higher bulls could not sustained as nifty future came down below 11650 mark. The week has started on positive,nifty future opened on Monday at 11755 as India’s GDP expanded faster than expected at 8.2% in the June quarter, compared to 5.6 per cent growth in the year-ago period and 7.7% in March quarter,  after opening nifty was trading on flat note. But before the closing nifty future has came below to 11634 & finally closed the day at 11624.

Friday, August 31, 2018

NEXT WEEK NIFTY PREDICTION & CHARTS 27 AUG TO 31 AUG 18

WEEKLY RESISTANCE FOR NIFTY:11900,11950,12000
 PIVOT POINT: 11750
WEEKLY SUPPORT FOR NIFTY :  11700,11650,11600
WEEKLY CHART FOR NIFTY











DAILY RESISTANCE FOR NIFTY: 11845,11885,11925
PIVOT POINT:11725
DAILY SUPPORT FOR NIFTY :  11700,11675,11650
DAILY CHART FOR NIFTY
It was the typical kind of week when index looks to consolidate after travelling some fair distance in a quick succession. Before anyone could realized, our markets are at new highs and for Nifty yet another milestone has been conquered above 11800. This is certainly a remarkable achievement if compared with the recent uncertainty in the global market. In the past week nifty has opened with a decent upside gap and then just took it forward to hasten towards yet another milestone of 11700.  
NIFTY: A STRONG SUPPORT WILL BE @ 10675; STRONG RESISTANCE LEVEL SEEN @10925
Now, if we look at the further route map, we are not seeing any obstacle before 11900, which is the 161% reciprocal retracement of the previous down move. So no brainer, we would stick to our recent optimistic stance without thinking too much about the few overbought indicators. The encouraging sign of any rally is if we see base shifting higher after every uptick, traders get know where they can place their exit strategy and this has been the characteristic of this ongoing move. For the coming session, 11700 followed by 11650 would be seen as immediate support zone and on the upside, the psychological level of 11825 first and then 11900. Thursday’s & Friday’s  tail end correction was slightly depressing for traders; but, we must accept that in between we are likely to see such hiccups. With a positional view, it would be wise digest such moves and stay with the broader trend. For the coming session, in case of selling pressure, 11650 followed by 11600 would be seen immediate support level. Whereas on the upside, 11825 - 11875 has become the intraday resistance zone. We will stick to our recent buy on dips strategy which has worked well for us in last 3- 4 weeks. For the coming session, 11640 remains to be a key support; whereas 11720 - 11750 would be seen as immediate resistance. But with a slightly broader view, our target of 11900 still remains in sight.
TECHNICALLY SPEAKING.
The Relative Strength Index (RSI) on the daily chart is 69 and it has just moved below from a topping formation, which is bearish. It remained neutral to the price and showed no divergence. The daily MACD is bullish while it stayed above its signal line. On the candle, a spinning top occurred, which continued to show that the indecisive approach of the participants. Overall, there is no second doubts over the present bull trend remaining intact. In fact, the refusal of the market to correct is a show of internal strength. However, given the overextended structure on the charts, there are still some more room for consolidation. We may see the market consolidating with the levels of 11700  acting as immediate technical resistance. Near these levels, the market may continue to remain vulnerable to profit taking, but the downsides, if any, are likely to remain limited. We recommend refraining from creating any major exposures on either sides unless the consolidation phase is seen ending. While remaining light on exposures, cautious approach is advised for the next week. 

Thursday, August 30, 2018

11650 LEVEL WILL SUPPORT NIFTY ON 31 AUG 2018

It was tough day for bulls. Nifty future has opened at 11715 but bulls could not continue the good start as nifty dropped till the level of 11640 but at the end bulls again came in to the picture and managed to settle above the support level 11675. Bank Nifty remained highly volatile due to monthly expiry but managed to close above 28100. It formed a Bearish Candle on the daily scale and formed a triple top pattern after finding hurdles multiple times near the 28330 -28380 zone. The index has been consolidating between 27775 and 28380 levels for last four weeks.