NIFTY WEEKLY REPORT FOR 26 FEB–02 MAR 2018

WEEKLY RESISTANCE FOR NIFTY: 10487,10593,10696,10798

PIVOT POINT: 10388

WEEKLY SUPPORT FOR NIFTY :  10335,10282,10183,10181

 

DAILY RESISTANCE FOR NIFTY: 10510,10551,10597,10662

PIVOT POINT:10468

DAILY SUPPORT FOR NIFTY :  10445,10422,10381,10275

DAILY CHART FOR NIFTY

Sensex opened the week at 33832, made a high of 34167, low of 33832 and closed the week at 33142. Thus the Sensex closed the week with a gain of 868 points. At the same time, the Nifty opened the week at 10480, made a high of 10504 low of 10316 and closed the week at 10494. Thus the Nifty closed the week with a gain of 11 points. Benchmark indices ended higher by over 1 per cent, tracking gains in global equities, as investors bought the shares of recent underperformers such as pharma and financials.

NIFTY IN UPTREND LEADING TO POSITIVE F&O EXPIRY ON THRUSDAY

Tatasteel call  given in last post  achieved first target and almost hit  the second target.

Indian Stock Market would open Negative. Technically, Indian Stock Market is still in negative zone. Now, 7715 levels would be an important closing levels to watch out for. Nifty if closes below 7715 levels then next target for Nifty would be 7678-7600 for Nifty and 16200 levels for BankNifty. Traders should continue holding short positions and should initiate further short positions for every positive rally in the market. Sensex ended with a gain of 75 points at 25,305. The Sensex opened at 25,519 touched an intra-day high of 25,340 and low of 25,181.

The Nifty closed with a gain of 28 points at 7,759. The  Nifty opened at 7,738 hitting a high of 7,761 and low of 7,715. After registering losses for four straight sessions, markets closed positive in today’s trade as investors accumulated quality stocks at valuable and attractive levels. Strength in European equities further uplifted the mood at D- Street.

NIFTY OUTLOOK FOR 24 MAY 2016

“SELL TATASTEEL FUTURE BELOW 314.40 TG 313.20,311.20 SL 316.90”

“BUY IDFC 47.50 CALL @0.50 TG 0.90,1.40”

NIFTY closed at 7739 with loss.Nifty future below 7820 facing strong supply from market and heading towards 7600.For tomorrow market trend will remain bearish ,strategy remains buy at support but only for intraday.

Nifty intraday support 7685 and 7660 while on upper side7740 and 7790 are strong resistance levels only for intraday

Nifty is likely to hover at 7700-7950 levels in coming days, but could see a relief rally if Federal Reserve and Brexit do not make any move

NIFTY TIPS FOR 18 FEB 2016

“BUY NIFTY ABOVE 7175 TGT 7220/7260 “

                                     “SELL NIFTY BELOW 7060 TGT 7020/6980”
The Sensex opened at 23,237, touched an intra-day high of 23,434 and low of 22,924. It finally ended with a gain of 190 points at 23, 382. The Nifty opened at 7,059 hitting a high of 7,117 and low of 6,961, before ending with a gain of 60 points at 7,108. Nifty closed on a bear note at 7048. So today on upside first resistance is at 7093-98 level. Next resistance are at 7139-44, On downside first support is at 7002-97 level. Next support are at 6956-51, Market is in bear side .So today on upside intra resistance are at 7098 and 7144 level .On downside be alert below 6997 and avoid all intraday longs below 6951 level .The market surrendered most of the gains made in the recent rally. The index closed even below the 7050-mark, which at least I was not anticipating.

NIFTY OUTLOOK FOR WEDNESDAY, 27 MAY 2015

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Domestic equity market fell for the second consecutive trading session on Tuesday. Poor quarterly numbers coupled with strengthening of dollar and profit booking ahead of May month F&O expiry made the markets to fall. The Sensex and Nifty plunged 112 points and 30 points to 27531 and 8339, respectively, on May 26. Nifty opened at 8377 made a high of 8378 and low of 8320, total 58 points was played by nifty throughout the day.

NIFTY OUTLOOK FOR 26-MAY-2015

The BSE Sensex fell on Monday, tracking weaker regional shares as fears about earlier-than-expected US rate hikes weighed on sentiment. Nifty dived below the crucial 8400 mark due to widespread profit-booking after recent gains amid lower-than-expected earnings numbers from ITC. Nifty slipped below 8400 level by falling 88 points, to close at 8370. Intraday, it shuttled between 8364 and 8441.After a weak trading session, the market ended on lower note. The Sensex was down 310 points at 27646 and the Nifty ended down 91 points at 8367.

NIFTY OUTLOOK FOR MONDAY 18 MAY 2015

For past two weeks, the Nifty has been trading roughly in a broader range of 8100-8300 while stocks are witnessing erratic moves in both directions due to prevailing earning season. Today Sensex closes 117 points, higher at 27324. Nifty opened at 8240 made a high of 8279 and low of 8212 and closed at 8262 total 62 points was played by nifty throughout the day.

We expect this prevailing uncertainty to end in the coming sessions with either side decisive break in the index. The market remains quite volatile, choppy and directionless; while one can argue that over the last couple of sessions it showed some bias towards the bullishness but the intraday see-saw movement suggests acute indecision to commit to either side. Nifty has a significant resistance at 8300 levels and is struggling to surpass this level.

NIFTY OUTLOOK FOR WEDNESDAY 22 APRIL 2015

Volatility was witnessed there in the market today. Nifty opened at 8416 made a high of 8469 and low 8352 and closed at 8377 total 117 points was played by nifty throughout the day.Concern over earnings of companies, and the retro-tax for FIIs issue spooked the market hard: back to back another triple digit falls in the Nifty; this also happens to be the steepest fall for the year to date. Our reading of the market was spot on—the technical signs were all too apparent that a fall would be quite likely and it did. However, this was a kind of panic selling that we saw, our understanding is that we have reached a strong support zone, and given the buoyant mood in the US there is likely to be some pullback rally in our market

NIFTY OUTLOOK FOR TOMORROW 05 MARCH 2015

The markets opened with a bang this morning after the RBI Governor Raghuram Rajan sprang a surprise by announcing a 0.25 per cent cut in repo rate. Nifty touched a life high of 9119. Nifty had risen nearly 3 per cent in the previous four sessions on Budget announcements, which were mostly viewed positively by market participants, but the momentum did not last for long with concerns over corporate performance and the weakness shown by European markets unnerving investors. Nifty fell 74 points to end at 8922 levels. Nifty opened at 9109 made a low of 8893 total 226 points was played by nifty throughout the day.

NIFTY OUTLOOK FOR TOMORROW 04/03/2015

Nifty breached the 9000-level for the first time in pre-close session on Tuesday on sustained inflow of foreign capital amid growth-oriented and market-friendly measures in the Budget.Nifty crossed the 9000-level for the first time by gaining 47 points, to trade at an all-time high of 9008 surpassing its previous intra-day high of 8996. Today nifty opened at8962 made a high of 9008 and low of 8925 and closed at 8996.

NIFTY OUTLOOK FOR TUESDAY 03/03/2015

Today was the real reaction to the Budget and that was because the foreign institutional investors (FIIs) will be back after Saturday. The market appeared tepid after the Budget evoked mixed response from global rating agencies. Nifty has given a bit of a thumbs up, Nifty closed at a new peak of 8956 led by surge in capital goods and banking shares boosted by Budget proposals. Nifty settled with a gain of 54 points, to close at 8956. This surpasses its previous record closing of 8952 reached on January 29.

Nifty Technical Report For 28-Feb-2015

While analyzing the Daily charts of “NIFTY”, we found that the Nifty is in “Bull Market”

~ A bull trend is identified by a series of rallies where each rally exceeds the highest point of the previous rally. The decline between rallies ends above the lowest point of the previous decline. As we can see from the chart below Nifty has been making Higher High’s and Higher Low’s. Each successive green arrow has been higher than the previous ones similarly each successive red arrow was higher than the previous ones.

~ Nifty is in a strong uptrend. An uptrend line has a positive slope and is formed by connecting two or more low points. The second low must be higher than the first for the line to have a positive slope. Uptrend lines act as support and indicate that net-demand (demand less supply) is increasing even as the price rises. A rising price combined with increasing demand is very bullish, and shows a strong determination on the part of the buyers. As long as prices remain above the trend line, the uptrend is considered solid and intact. The RSI of the Nifty is also in uptrend and is in sync with price which gives us further supportive Technical Analysis evidence.

NIFTY OUTLOOK FOR FRIDAY 27 FEB 2015

Markets ended lower following the expiry of February derivative contracts with IT majors leading the decline along with defensive pharma and FMCG shares. Further, the Railway Budget announcement, which acts as a precursor to the Union Budget, failed to boost investor sentiment. The February derivative contracts which expired today recorded the highest turnover in the F&O segment at Rs 5.81 lakh crore. "On provisional basis have seen Rollover of 78% in Nifty futures compare 76.52% of Total rollover of Jan series. Rollovers are better than past six month average .Nifty ended down 83 points at 8684. Nifty opned at 8779 made a high of 8786 and low of 8669 and closed at 8683. Total 117 points was played by nifty throughout the day.

NIFTY OUTLOOK FOR TOMORROW 26-FEB-2015

In volatile trading, the Nifty index today failed to sustain initial gains and ended almost flat on caution ahead of expiry of monthly derivative contracts and much-awaited Union Budget. Nifty moved up by 5 points to finish at 8767 after hitting the day's high of 8840.

Thursday will see markets reacting to the Railway Budget as well as portfolio churning by investors as monthly derivative contracts expire. Volatility might remain, given the key trigger is post expiry and tomorrows railway budget can possibly provide some direction.

NIFTY OUTLOOK FOR TOMORROW 12-02-2015

See-saw movement was there in the market. Today Nifty index reclaimed the 8,600-mark powered by a rebound in bluechips amid hopes of faster reforms and optimism over the upcoming Budget. Today nifty was shuttling between 8593 and 8651 level. Today nifty started at 8627 and made a high of 8651 and low of 8593 and closed 8627 total 58 points was moved by nifty throughout the day.

NIFTY OUTLOOK FOR TOMORROW 11-FEB-2015

The fifty stock index Nifty snapped 7-day losing streak on Tuesday, the index rallied a bit intraday but could not hold all its gains till the end. Today’s session was more like a roller coaster ride, where the index opened negative, then showed some strength in morning trades, but the sentiments turned pessimistic in late afternoon trades and index started drifting lower, however the market regained its momentum in the final hour of trade and finished the day gaining around half a percent.  Today nifty started with 8478 made a high of 8646 and low of 8470 and closed at 8565, total 176 points was played by nifty throughout the day. 

NIFTY OUTLOOK FOR MONDAY 09-FEB-2015

The market seems to be in a sluggish mode as it winds up trade for the week. The Nifty just managed to rise above 8700-level. Market slipped in red today on muted earnings and worries that the Bharatiya Janata Party may face defeat in Delhi elections. Nifty index came under pressure and closed in negative for sixth day in a row, weighed down by losses in auto, banks, capital goods and power stocks.  The Nifty closed at 8661 down 50 points. It touched a high of 8726 and a low of 8645 in trade today. Total 81 points was moved by nifty throughout the day. For Monday  if the Nifty manages to take out the level between 8685 and 8710 successfully then we can expect it move up further and probably test the strong supply zone that lies in the range between 8745  and 8765. On the other hand, so long as the Nifty does not fall below the support area between 8645 and 8620, the bulls can again stage a pullback rally.

NIFTY OUTLOOK FOR TOMORROW 03-FEB-2015

FOR SBIN OPTION STRATEGY CLICK HERE
Keep an eye on Monetary policy review by the RBI which will be announced tomorrow February 3.
See-saw movement was there in the market. Due to weakness in European and American market Asian market is also trading in red. Nifty, after moving both ways, slipped below the crucial 8,800-mark and settled down 11 points, at 8797. The Nifty was at 8778 down 30 points. It touched a high of 8808 and a low of 8772 in trade today.Index started journey with level of 8802 then touched a low of 8751 and finally end at 8797.

NIFTY OUTLOOK FOR FRIDAY 30 JANUARY 2015

Buy Sail Future above 76 Tgt 76.80/77.90 Sl 74.70
Sell SBIN Future below 327 Tgt 323/321 Sl 329.90
FOR FREE TIPS OF NIFTY FUTURE, STOCK FUTURE & OPTION CALL PUT JUST FILL UP THE FORM>>>>>>>
It was a roller-coaster ride on January series F&O expiry day as traders saw some wild swings before a late recovery helping major indices end the day at record levels. As the Nifty clocked gains for the 10th straight session, it continued to march towards the 9000-mark. The Nifty scaled the 8950-mark with help from the select pharma and realty stocks.It has been a stellar January series for the market as the Sensex and the Nifty surged more than 9 percent each. 

NIFTY OUTLOOK FOR TOMORROW 19-01-2015

“Sell Nifty Future below 8525 Tgt 8490/8450 Sl 8565 “

“Buy SSLT Future Above 196 Tgt 197.80/199.90 Sl 194.20”

Market was in a positive mood after Thursday's massive rally as RBI Governor Raghuram Rajan sprang a surprise by cutting interest rates by 0.25 per cent to boost growth. Markets ended marginally higher at 8513 amid a range bound trading session.. Nifty opened at 8504 made a low of 8452, total 62 points was moved by nifty throughout the day.

Bulls did not let the market down: the Nifty scored a double century with a gap-up opening