NIFTY OUTLOOK FOR 15- JAN-2015

Divergent trend was followed by market today. Market movement was completely volatile. Today nifty was shuttling between 8326 and 8236 levels. Nifty started at 8307 made a high of 8326 and low of 8236 and closed at 8277 total 90 points was moved by nifty throughout the day. Today nifty has closed below the supporting level of 8300.

The nifty index has snapped its phase of three straight up days and closed below the 8300-mark. For tomorrow, the range between 8280 and 8250 becomes the most critical

NIFTY OUTLOOK FOR TOMORROW 17-DEC-2014

Very bearish movement was there in the market today. The Nifty slipped below its 50-day moving average and breached 8052 level. The market has been witnessing sluggish sentiment for the past three sessions. Today nifty closed at 8067, below the crucial 8100 mark. It touched a high of 8189 and a low of 8052 in trade today, total 137 points was moved by nifty throughout the day.

NIFTY OUTLOOK FOR THURSDAY 04-DEC-2014

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A divergent trend was witnessed on Wednesday, the Sensex, registered marginal losses whereas Nifty registered small gains. The nifty was alternately swung between positive and negative zone in intraday trade. Yet, the overall movement of market during the trading session was within a relatively narrow range. Nifty started at 8528 made a high of 8546 and low of 8508 and closed at 8537, total 38 points was moved by nifty throughout the day.

NIFTY OUTLOOK FOR WEDNESDAY 05-NOVEMBER-2014

Friday’s Axis Bank Call Achieved 1^st target..!!!! Hindalco Call not executed

Buy IFCI 40 Call @ 1 Tgt 1.70/2.20 

Sell Tatamotors Future Below 533 Tgt 528/521 Sl 539

Nifty was on fire today. Today nifty crossed the resistance level of 8330 and made a new high of 8350, but in last half an hour of trading session nifty slipped down and came to 8324.Today nifty started at 8348 and made a low of 8297, total 53 points was moved by nifty throughout the day. This Monday’s high of 8335 would be the most crucial level for this truncated week in which there would be two trading holidays tomorrow and Thursday. In such a truncated week, bulls might not be carrying the large long positions they have created during last week and might well resort to profit taking. In such a situation, the range

NIFTY OUTLOOK FOR TUESDAY 21-OCT-2014

On Monday Sensex and nifty both opened very higher due to, the government took its first reform steps after it came to power, followed by state election results which favoured the ruling Bharatiya Janata Party at the Centre.

After opening higher market movement become range bound. Nifty opened at 7896. Made a high of 7905 and low of 7856, total 49 points was moved by nifty throughout the day. Index swung between the gains and losses near the flat line in afternoon trade. The Nifty ended at 7,879.

NIFTY FUTURE OUTLOOK FOR TOMORROW 14-OCTOBER-2014

The Indian markets made a smart recovery in noon trade after falling more than 200 points in early deals. Recovery was seen on the back of buying witnessed by the IT heavyweight stocks like Infosys and TCS. The Nifty also recovered by 24 points, to 7,884. It shuttled between 7,796 and 7,901 during the session.

The nifty future today started at 7835 made a high of 7929 and low of 7817 and closed at 7911, total 112 points was played by nifty future throughout the day. For tomorrow we are likely to see bullish momentum in the market. Bulls will take nifty future above 7935-7950

NIFTY FUTURE OUTLOOK FOR WEDNESDAY 17 SEP. 2014

The index was in another wide ranging day on the down side it would be in a grip of the bears. Bears have made nifty below 8000 today, Nifty future started at 8051, it made a high of 8056 and a low of 7952 in intra-day trade and closed at 7956, total 100 points was moved by nifty future throughout the day. Now, even if there is a pause and no hint of a quick withdrawal of the liquidity tightening measures recently announced, the market will still fall.

NIFTY FUTURE PREDICTION FOR TOMORROW 11 SEPTEMBER, 2014

Nifty index slipped below its crucial psychological support level of 8100. Today nifty future opened at 8155 made a high of 8157 and low of 8107 and closed at 8137.Total 50 points was played by nifty future throughout the day.

There is some indecision and hesitation among the bulls. However, the nifty took support at the same level of 8126 and bounced back—this signifies that the earlier resistance-turned-support is now working, and unless this level is decisively violated we would not see the

NIFTY FUTURE PREDICTION FOR PREDICTION 10-SEP.-2014

After opening higher at 8200, nifty future witnessed a downfall today. On wednesday Retreating from record highs, the Sensex and the Nifty today fell by about 54 points and 21 points respectively on profit-booking in recent out-performers like ICICI Bank, Infosys, L&T and ONGC, amid caution in view of the hearing of coal blocks case in the Supreme Court. Today nifty future started at 8200 made a low of 8158. At the time of closing it tried to get recover and closed at 8183.

NIFTY OUTLOOK FOR THURSDAY 21-AUGUST-2014

Today market was completely direction less. After making new high of level 7900 today market slipped into the red. At the time of closing market touched 7882, which was below from its crucial and psychological level of 7900.Nifty neither move upside nor towards down side, just oscillating near the levels of 7885-7915 … today nifty future started at 7909 made a high of 7915 and low of 7881, and closed at 7882, total 34 points nifty future moved throughout the day.. 

NIFTY OUTLOOK FOR WEDNESDAY 20-AUG-2014

"Buy Ibrealest 80 Call @ 0.90 Tgt 1.50/2.30"

Today nifty made new high of 7900, but there was not any major movement in the market. Nifty was oscillating near 7904-7918 levels throughout the day.The Nifty index also rose 44 points to touch its fresh record high of 7918. Nifty index came under some bit of selling pressure and closed below its crucial psychological level of 7900. Today nifty future started at 7896 made high of 7923 and low of 7888 and closed at 7907 total 35 points was moved by nifty future throughout the day.

NIFTY FUTURE PREDICTION FOR THURSDAY 07-AUGUST-2014

"Buy ZEEL Future above 281 Tgt 283.40/285.90 Sl 279"

Today bearishness was witnessed in the market. Today bears were successfully takes nifty away from its comfortable zone of 7700. Session was started with negative note, and was continuously declined as selling in blue-chips weighed. Nifty slipped below its crucial level of 7700. Today nifty opened at 7736, made a high of 7738 and low of 7659 and closed at 7672 that why the Selling pressure was increased there in the market. Today nifty future also started at 7747 made a high of 7759 and low of 7676 and closed at 7698, total 86 points was moved by nifty future. For tomorrow some recovery will be expected in the market.

NIFTY OUTLOOK FOR TOMORROW 06-AUGUST-2014

Very volatile market was today. Market opened at 7734 made a high of 7788 and low of 7655 and closed at 7772, total 133 points was moved by nifty future. It has been a smart recovery; at least, the Nifty has managed to close above 7770. Now for tomorrow market will remain volatile with wild swing on either side. It needs to cross the levels of 7797 to retain the same bullish momentum. Now, the level of 7630 would be a key support level to watch out for. In case, in any profit taking, the index falls below 7680 and stays there expect selling pressure to mount again on the contrary staying above 7700 would pave the way for a minimum of 7720 – 7725 if not 7745 – 7760. Major support now, in this narrow range, then is located the levels between 7600 and 7550.

NIFTY OUTLOOK FOR FRIDAY 25-JULY-2014

After moving in a narrow range for most part of the trading session, the Sensex picked up momentum in the last one hour of trade and rallied as much as 146 points to hit its fresh record high of 26,292 in trade on Thursday. The Sensex finally closed 137 points higher at 26,271 It hit a low of 26,077 and a lifetime high of 26,292 in trade today. The Sensex has already rallied over 24 % so far in the year 2014 and has become the top performing index in the world on a year-to-date basis. Nifty future also managed to hit fresh lifetime high of 7,835. Nifty Future started at 7788 made a high of 7839 and low of 7762 and closed at 7832, total 77 points was moved by nifty future. 

NIFTY FUTURE OUTLOOK FOR TUESDAY 15-JULY-2014

See-saw movement was there in the market today. After a flat opening the market dropped down in the afternoon session. The sensex & nifty both hits lowest level almost in a month. The sensex is hovering around the level of 25000, while nifty is oscillating around the 7450-7475 level. Market was alternatively moving to the negative & positive zone. At the time of closing the sensex was marginally above at the level 25,006 led by losses in Infosys, HUL, HDFC, ICICI Bank and Wipro, while nifty closed at 7454. The Nifty future started at 7488 made a high of 7505 and low of 7445 and closed at 7482 total 60 points was played by nifty future. . Volatility is expected between 7376 and 7357 on the downside and 7470 and 7520 on the upside, over the next few days.

NIFTY FUTURE OUTLOOK FOR TUESDAY 08-JULY-2014

Bullishness was witnessed in the market due to pre budget rally. The sensex and nifty both edged higher. The Sensex collect 138 points to settle at 26,100, a record closing high. The Nifty collects 35 points to settle at 7,787 a record closing high. The index hit a high of 7,792 in intraday trade, a lifetime high of the index. The index hit a low of 7,755 in intraday trade. The nifty future started at 7810 made a high of 7812 and low of 7760 and closed at 7797 total 52 points was moved by nifty future. Overall market is moving in uptrend. Now for tomorrow market will try to touch the level of 7850 if this level will achieved by nifty future then there will be higher possibilities of nifty future to touch the level of 7900-7930. While if market witnessed any downfall then 7740-7720 will be proved as very good supporting levels of nifty future. Expectation of the investors is very higher from this upcoming budget. Indian stock witnessing a pre-budget rally amid expectations that Finance Minister Arun Jaitley will announce measures in the Budget aimed at bolstering economic growth. If this will be true then market will touch the level 8000, and there will be a measure support of the level 7750 for the nifty. If 7750 will be touched by nifty then it will come back to the level of 7400.

NIFTY TECHNICAL CHECK UP

After being long since 5500 levels and riding the full momentum, We thought of revisiting the Nifty Technical Set-up and come up with an outlook and possible scenarios on the eve of Modi Government’s Maiden budget to benefit the subscribers, Advisors, Dealers, Investing community and other market participants in large

While there is no doubt, that we are in a “Bull Market” and should stay invested in equities, the only question that remains unanswered is the entry point and timing. Entry point and timing is especially crucial for investors/ portfolio managers who were caught unaware by this tremendous rally and who remained on the sidelines by choice or by compulsion.

Few Technical observations

~ Nifty has rallied exactly 50% from August low of 5119 to recent high of 7700 in flat 9 months.

~ An index giving 50% return in just 9 months after 6-7 years of consolidation tells us something. It is shouting from the top of the roof that the “Bull Market” has started and is here to stay for a longer period of time

~ Nifty has however become highly overbought and has rallied ahead of its time by showing such a tremendous performance

Possible Scenarios’s

~ In such a scenario where Nifty has become overbought and has rallied ahead of it’s time, 2 things can possibly happen.

a)      Price Wise Correction

b)      Time wise Correction

~The Basic tenets of “technical Analysis” will help us to answer the question of the magnitude of Price Wise Correction and/or time Correction. The Basic tenets of Technical Analysis are

a)      The market Discounts everything

b)      Price moves in Trends

c)       History repeats itself

~ We believe markets have very well factored in the “Formation of Modi Government” and therefore are not able to sustain above May 16 highs and hence investing just on the basis of new government in centre would be a repetitive loop which could backfire. In other words we need fresh trigger points for the Nifty to move up going forward...

NIFTY FUTURE OUTLOOK FOR TOMORROW 27 JUNE,2014

Market was very volatile today, 26 June 2014, as traders rolled over positions in the futures & options segment from the near month June 2014 series to July 2014 series. The June 2014 contracts expired today, 26 June 2014.nifty future opened at 7568 made a high of 7570 and low of 7487 and close at 7492 .total 83 points was moved by nifty future. Oil and gas stocks led decline on the bourses after the government's decision to defer revision in gas prices by three months, at closing time nifty hit there week closing low. The index will have some good movment  for tomorrow due to beginning of July series. The bullishness is still intact since it has not fallen much either. The levels mentioned yesterday, can again be useful barring minor changes. Start of nifty future will be with the level of 7610 would be the key resistance level of the way up and so long as the Nifty does not fall below 7560 through 7545 support area, any dip would be taken as a buying opportunity.

NIFTY FUTURE PREDICTION FOR WEDNESDAY 25 JUNE,2014

"Buy IFCI 42.50 Call @0.20 Tgt 0.50/0.70"

Today market witnessed a recovery,market moment was completely bullish. Market raised due to the impact of high crude oil prices on India's macroeconomic situation eased after decline in global crude oil prices. This wild upswing was also due to the F&O expiry on Thursday. Today Nifty future started at 7530 made a high of 7616 and low of 7525 and closed at 7592, total 91 points was moved by nifty future today. Now on top we saw huge volume coming in the market after quite some time that also is an indicator that the downswing, in all likelihood, is over. now tomorrow the market will continue to move towards upward direction. Market will come back to its comfortable zone of 7600 and will move between the levels of 7580-7650. . On the way up, the Nifty needs to cross 7530 through 7550 to post a sustainable recovery. However, as a confirmation, we need nifty to touch 7630 for any fresh upswing.

We feel that probably the correction that the market saw for the past four-five days was a good bit of consolidation and correction. Though there was a huge sector churning, which was taking place, it has seriously given the markets some very good strength. It is great for the health of the market that intermittent corrections come. It is showing all the classical signs of a good bull market wherein three-four days' correction gets bought into on a given day like today.

SEE-SAW NIFTY

"Sell Nifty Future Below 6740 Tgt 6710/6680/6650 Sl 6770 "

NIFTY FUTURE OUTLOOK FOR WEDNESDAY 07 MAY 2014 

On Tuesday the market was bullish in early trade. Today Nifty future hit highest level of 6774 .Our market has turned quite listless after the wide-ranging day on Apr 30.The index is now engaged in a see-saw movement failing to hold on to its intraday gains much. On the contrary, some stocks are continually under attack. today nifty started by 6757 made a high of 6774 and low of 6726 and closed to the level of 6746.Total nifty played 57 points throughout the day. For tomorrow we expecting uptrend in the market  the nifty will touch the level of 6780.. On the other hand,if any fall to levels below 6650 would signal more weakness in the short run.