NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 7 APRIL 2020

With negative closing on the mast week ended Friday, the market fell for seven consecutive weeks for the first time since June 2008. The Sensex and Nifty have cracked 33% each in the last seven weeks. The  Sensex crashed nearly 700 points on Friday, led by losses in banking stocks, as investor sentiment remained jittery amid concerns over the COVID-19 pandemic and its economic impact. After hitting a low of 27500 during the day, sensex ended 674 points, lower at 27590. Similarly, the Nifty 50 settled below the 8100-mark at 8083, down 170 points. Despite day to day volatility, the Nifty has witnessed a parabolic sharp downside if we look at the weekly charts. Presently, the weekly charts are deeply oversold and despite the tentative trade setup, a technical pull back can be positively expected. If the immediate intraday low is held, the chances of a technical pullback would increase even if there is no confirmation of any temporary base in place. 

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 7 APRIL TO 10 APRIL TO 2020

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WEEKLY RESISTANCE FOR NIFTY: 8500, 9000,9500
PIVOT POINT: 8000

WEEKLY SUPPORT FOR NIFTY:  7500, 7000, 6500
WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8200, 8300, 8400
PIVOT POINT: 8050

DAILY SUPPORT FOR NIFTY:  7900, 7800, 7700
DAILY CHART FOR NIFTY

Manic Monday Market indices were not having a good start of the week. Sensex tanks over 1000  points to close at 28440 & Nifty gone below 8300-mark to close the day at 8281. bears ran riot with coronavirus cases rising in India and abroad, taking lives and forcing businesses to shut down. Along with that a ceaseless dumping of stocks by the foreign investors is also weighing on investor sentiments. Tuesday was the day for bulls. Stock market bulls marched on Dalal Street with heads held high on the last trading day of fiscal year FY20 as relatively better factory output data from China supported the investor sentiment. Some support also came from the report that the government has put off implementation of the uniform stamp duty on transfer of capital market instruments to July 1, 2020. sensex today closed 1028 points higher at 29468, while Nifty rose  316 points to close at 8597. The see-saw battle between the bears and the bulls continued on Dalal Street with the former dominating Wednesday’s session amid a rise in coronavirus cases in India. Worries surrounding a sharp drop in GDP growth rate also hit investor sentiment on Dalal Street. India has reported a sharp rise in new coronavirus cases in the last couple of days, indicating a community transmission. The country has reported nearly 1,400 confirmed cases of Covid-19 including 35 deaths and 123 discharged patients. The Sensex tanked 1203 points to 28265 & Nifty dropped 344 points to 8254. Thursday market was closed on occasion of ramnavami. Friday market continued downward trend, the market settled with over 2 % loss on week ended Friday as coronavirus (Covid-19) cases showed no signs of abating. Global confirmed cases surpassed 1 million on Thursday with more than 52000 deaths. Back home, an ongoing 21- day lockdown has already brought the economy to a standstill. The Sensex ended at 27591, down 674 points, while the Nifty index ended at 8084, down 170 points.

NIFTY: A STRONG SUPPORT WILL BE @ 7500; STRONG RESISTANCE LEVEL SEEN @8500

Let see how things shape up on the global front now. If we see the relief move getting extended in global markets, we would see some extension of this week move in our markets. For the coming session, 7500-7000 remains to be a key support; whereas on the higher side, 8500-9000 is the level to watch out for. If Nifty has to continue some relief move, the Nifty needs to surpass this hurdle convincingly to head towards 9500.

TECHNICALLY SPEAKING.

 Nifty, Sensex were still under the attack of bears. . For the next week, 7800 will be seen as crucial support on closing, below which the next support will be seen around 7500. Hence, if we see some negative opening in the next week, the follow-up move post opening will be important to determine the near term move. On the higher side, 8500-8700 has become a crucial resistance for the index for the near term. Looking at the current market swings, we continue with our advice for traders to avoid aggressive bets and trade with a proper exit strategy.

NIFTY "WHEN IN DOUBT WEAR RED"

Continuing downward trend, the market settled with over 2 % loss on Friday as coronavirus (Covid-19) cases showed no signs of abating. Global confirmed cases surpassed 1 million on Thursday with more than 52000 deaths. Back home, an ongoing 21- day lockdown has already brought the economy to a standstill. The Sensex ended at 27591, down 674 points, while the Nifty index ended at 8084, down 170 points.

MANIC MONDAY NIFTY BELOW 8300 MARK

Market indices were not having a good start of the week. Sensex tanks over 1000  points to close at 28440 & Nifty gone below 8300-mark to close the day at 8281. bears ran riot with coronavirus cases rising in India and abroad, taking lives and forcing businesses to shut down. Along with that a ceaseless dumping of stocks by the foreign investors is also weighing on investor sentiments.

NIFTY WEEKLY OUTLOOK & OPTION CALL PUT TIPS FOR 30 MARCH 3 APRIL TO 2020

WEEKLY RESISTANCE FOR NIFTY: 9200, 9500,10000
PIVOT POINT: 8500

WEEKLY SUPPORT FOR NIFTY:  8300, 8100, 7800

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8900, 9000, 9100
PIVOT POINT: 8550

DAILY SUPPORT FOR NIFTY:  8300, 8200, 8100

DAILY CHART FOR NIFTY

This is clearly one of the worst phases the whole world is undergoing at present. Not only in terms of financials or economies but also in terms of health crisis. This uncertainty due to coronavirus pandemic is weighing down heavily on markets across the globe and it was yet another day of carnage for Indian markets. We opened the week significantly lower and after initial trades locked into a lower circuit for the second time in last 7 sessions. Unlike the previous circuit day, yesterday we didn’t even see a mild recovery; in fact the selling augmented to conclude yet another terrible day with a cut of 13%. Worldwide the trading screen was positive early in the morning on Tuesday  after US FED announced some measures to support the US economy in such difficult times. Hence, we had a good bump up at the opening after Monday’s mayhem. But surprisingly, we lost all the sheen in initial trades to slide tad below Monday’s low. Finally after an hour, market stabilised and started moving. Despite US markets posting a colossal overnight rally, we started the wednesday marginally in the red, which was mainly a hangover of PM Modi’s announcement on country lockdown for 21 days. After initial hiccups, we finally joined hands with our global peers and a strong buying across the board thereafter pushed Nifty significantly higher to reclaim the 8300 mark. Wednesday’s colossal rally was followed by a positive start for the thursday, despite some sluggishness in the global peers. After some initial consolidation, our markets picked up strong momentum to post positive close for the third consecutive day. Despite some intraday declines, the Nifty managed to add yet another three percent gains to Wednesday’s relief move and concluded the terrifying March series with nearly 15% recovery from lows.

NIFTY: A STRONG SUPPORT WILL BE @ 9500; STRONG RESISTANCE LEVEL SEEN @7500

Let see how things shape up on the global front now. If we see the relief move getting extended in global markets, we would see some extension of this week move in our markets. For the coming session, 8000-7500 remains to be a key support; whereas on the higher side, 9000-9500 is the level to watch out for. If Nifty has to continue some relief move, the Nifty needs to surpass this hurdle convincingly to head towards 10000.

TECHNICALLY SPEAKING.

Since Tuesday morning, almost all world markets were looking jubilant and despite we closing in the green, the reaction from our markets is not as similar as the rest of the world. Nevertheless, we have managed to defend 7500 and have shown some signs of relief on tuesday. markets are hinting towards a possible rebound and it was very much overdue also after recent relentless fall. All markets across the globe were deeply oversold and hence, a decent bounce back was on cards. For the day, we were observing 8000 as a crucial hurdle. The moment index surpassed and stayed for few minutes, we saw strong bout of short covering thereafter to head towards the mentioned zone of 8200 - 8400. Now market has given the most awaited rebound, but traders should not get carried away by this. It may extend further also, but the uncertainty with respect to coronavirus is still looming over. Till the time it does not subside considerably, we should avoid aggressive bets in the market. At present, it’s advisable to take one step at a time and momentum traders should look to book profits on a regular basis. Nifty precisely met the levels of 8200-8400-8600 one after another. Now technically speaking, the Nifty has displayed first sign of strength i.e. a convincing close above ‘5 day EMA’ after a month. In addition, the ‘RSI-Smoothened’ on daily chart has confirmed a positive crossover in deep oversold territory. Considering all this, we may see this up move getting extended from hereon. Going by technical observations if Nifty manages to stay beyond 8700- 8800 levels then we may see extension of the rally towards 9500-10000. Obviously we need not forget that current situation is different due to pandemic across the globe and hence, a possibility of whipsaws cannot be rules out. If above mentioned technical set up has to work well, things with respect to coronavirus should not aggravate in coming days.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 14 JUN 2019

The Sensex& nifty ended rangebound session flat with a negative bias on Thursday as losses in Yes Bank, IndusInd Bank, Infosys, Reliance Industries and Tata Consultancy Services were offset by gains in HDFC Bank, Kotak Mahindra Bank, HDFC and Axis Bank. Earlier in the day, Nifty opened lower and extended declines owing to weakness in financial, IT and metal sector shares, a day after official data showed consumer inflation rose to its highest level recorded in seven months. The Sensex fell as much as 295 points while the Nifty dropped below 11850. The Sensex ended 15 points lower at 39741 and the Nifty rose 8 points to close at 11914. 

NIFTY OUTLOOK & NIFTY OPTION TIPS FOR 12 JUN 2019

Bulls are back on the driver seat & took nifty to 12000 mark. . However, it failed to hold at higher levels and closed at 11965 near the opening mark 11959 by forming a Doji candle on the daily scale.  The index has been forming multiple Dojis since last three sessions, but at the same time making higher highs and lows, which suggest every decline is being bought into, while resistances are intact at the upper band of the trading zone. 

NIFTY PREDICTION & FREE OPTION TIPS FOR 5 FEB 2019

Volatile trading session has ended on bullish note. After hitting low of 10814 Bulls managed to crossed 10900 hurdle & close at 10912. Positive Asian cues and the upside in Reliance Industries & HDFC group stocks helped the nifty close in the green. now traders are waiting for the announcement of Reserve Bank of India monetary policy decision which is scheduled  before noon on Thursday 7 Feb 2019.  The Monetary Policy Committee (MPC) will meet during February 5 to 7, 2019, for the Sixth Bi-monthly Monetary Policy Statement for 2018-19.

NEXT WEEK NIFTY PREDICTION 21 MAY TO 25 MAY 2018

WEEKLY RESISTANCE FOR NIFTY: 10821,10955,11174,11441

PIVOT POINT: 10774

WEEKLY SUPPORT FOR NIFTY :  10601,10507,10240,10106

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10671,10735,10789,10896

PIVOT POINT:10628

DAILY SUPPORT FOR NIFTY :  10564,10543,10468,10414

DAILY CHART FOR NIFTY

Sensex opened the week at 35616, made a high of 35921, low of 34867 and closed the week at 34848. Thus the Sensex closed the week with a loss of 687 points. At the same time, the Nifty opened the week at 10810, made a high of 10947.90 low of 10686.05 and closed the week at 10608. Thus the nifty closed the week with a loss of 207 points. Benchmark indices declined for a fourth straight session on Friday, Sensex ended at 34,848, down 301 points while the Nifty settled at 10,605, down 78 points amid caution over uncertainty over the formation of government in Karnataka, developments in US-China trade negotiations and firm crude prices. In a major political development, the Supreme Court held a hearing in the Karnataka government formation matter, directing that the Bharatiya Janata Party (BJP) leader and the state's new chief minister, BS Yeddyurappa, must conduct the floor test on Saturday at 4 pm. Sensex and  Nifty closed lower with dragged by market heavyweights ICICI Bank, RIL and HDFC Bank, following foreign fund outflows and mixed sentiment in global stock markets. Investors were cautious over developments in US-China trade negotiations and rising oil prices.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 MAY 2018

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"SELL RELINFRA BELOW 385 TGT 380/372 SL 392"

"BUY INDUSIND BANK ABOVE 1915 TGT 1922/1934 SL 1905"

The market gave up all gains and closed marginally in the red on Tuesday as uncertainty around who will form the government in Karnataka made investors wary. Today after BJP struggled to reach the halfway mark of 112 seats to form the next government in Karnataka. There were reports that Congress and JDS staked their claim to form the government. BJP won 104 seats out of 222 seats for which counting was done. Congress was able to retain 78 assembly seats with JDS winning on 38 seats. Independent candidates won on two assembly seats. Earlier in the day, the Sensex rose over 350 points and Nifty future hit 10947 for the first time since February 2, 2018 amid the early trends of the results of Karnataka assembly elections showing BJP leading gains in the Congress-ruled state. The BJP looked set to  emerge as winner leading on more than 100 seats in contest for 222 assembly seats. The Congress looked a distant second leading at 64 seats, followed by Janata Dal (Secular) holding gains at 45 seats. But as the Narendra Modi-led party faltered ahead of the halfway mark, benchmark indices turned volatile and fell into negative territory. While the Sensex fell 451 points from the intraday high of 35993, the Nifty future was down 128 points from the intra day high of 10947 level.it has opened at 10814 made a low of 10787 and closed at 10816. Total 160 points nifty future has moved in intraday.

NIFTY WEEKLY REPORT FOR 09 APRIL TO 13 APR 2018

WEEKLY RESISTANCE FOR NIFTY: 10355,10433,10474,10634

PIVOT POINT: 10277

WEEKLY SUPPORT FOR NIFTY :  10236,10195,10117,10039

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10374,10407,10471,10535

PIVOT POINT:10343

DAILY SUPPORT FOR NIFTY :  10310,10279,10215,10151

DAILY CHART FOR NIFTY

Sensex opened the week at 33023, made a high of 33686, low of 32988 and closed the week at 33589. Thus the Sensex closed the week with a gain of 621 points. At the same time, the Nifty opened the week at 10198, made a high of 10359 low of 10121 and closed the week at 10341. Thus the Nifty closed the week with a Gain of 221 points. indices Sensex and Nifty closed little changed on Friday, tracking losses in global equities as trade war tension between US and China escalated after US President Donald Trump said on Thursday that he is ordering the US trade representative to consider $100 billion in additional tariffs on Chinese goods. Markets gained nearly 2% on Thursday as traders cheered RBI’s decision to cut inflation forecast and maintain status quo in monetary policy.

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.

BANKNIFTY PREDICTION FOR UNION BUDGET 1 FEB 2018

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"BANKNIFTY 27200 1 FEB PUT ACHIEVED 1ST TGT 215 MADE A HIGH OF 237.70"

DAILY RESISTANCE FOR BANKNIFTY: 27534, 27642, 27720,28170

PIVOT POINT: 27426

DAILY SUPPORT FOR BANKNIFTY : 27348, 27270, 27162,26868

DAILY CHART FOR BANKNIFTY

HIGHEST WEEKLY CLOSING FOR bankNIFTY.

Bank Nifty opened the week at 27637, made a high of 27639, low of 27170 and closed the week at 27468. Thus it closed the week with a loss of 21 points. As the bank nifty is managing to trade above its 22 and 55&200 days moving averages with the RSI of 80, one may expect the targets of 27700/28000 in the stock if it manages to sustain above the immediate support level of 27000/26800.

banknifty Still In Positive Momentum, Hold Long With Strict Sl 26800

Technically, BANKNIFTY is still in positive zone but, Market would Highly Volatile on Union Budget day.Some profit booking can be ruled out at this point of time. But overall market is positive until it holds 26800 levels for BankNifty on closing basis. Risk-averse traders can book profits near 27600 to avoid risk of volatility.BANKNIFTY would be considered weak below 26800 levels for bank Nifty. BANKNIFTY would see reversal if it is closes below 26800 levels. Overall, it is strong for long-term and Investors can go long at every dip. Bank Nifty may see some further temporary correction but traders should initiate short only below 26800 levels until then, every downfall is an opportunity to go long in the Bank Nifty. Ifbank nifty managed to close above 27500 levels.Or breaching this level.bank nifty would force it to move towards 27700-27900-28000-28300 levels.

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 11 DEC 2017

Market benchmark Sensex surged 301 points to close at 33250 today on unabated buying by domestic institutional investors amid positive global leads. The Nifty future too went past the 10250-level. The Sensex opened on a strong footing at 33034 and maintained its upward trend to hit the day’s high of 33285 before ending at 33250, up 301 points. The index had rallied 352 points in the previous session on value-buying by investors in recently-battered blue-chip stocks. The Nifty future finished the day at 10290, a hefty gain of 87 points, after shuttling between 10297 and 100211. On a weekly basis, the Sensex gained 417 points, while the Nifty advanced 143 points. Buying by retail investors and domestic institutions has gathered momentum amid strong global cues. Hopes that the Bharatiya Janata Party (BJP) would win critical elections in Gujarat beginning this weekend has contributed to the positive sentiment. Elections in Prime Minister Narendra Modi's home state is a key test for the BJP, ahead of general elections in 2019. The results will be out later this month.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 5 DEC 2017

"BUY BANKNIFTY 25300 CALL 7 SEP @ 88 TGT 121/174 SL 44"

"BUY TATASTEEL FUTURE ABOVE 692 TGT 694.70/697.80 SL 688"

Market settled with small gains after witnessing volatility in intraday trade. Monday morning blues were written all around, but the Indian domestic indices forecast to make positive gains tracking cues from global indices and Nifty, scuttled out in the noon session.  The Sensex closed higher by 36 points to 32869, while the Nifty future rose 6 points to close at 10127. The nifty future opened at 10167 made a high of 10198 & low of 10126 & finally closed 11 points up at 10166.

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 16 NOV 2017

"BUY SAIL 75 PUT @ 1.80 TGT 2.9/4.20 SL 0.90"

"BUY IFCI 25 CALL @ 0.30 TGT 0.45/0.60 SL 0.10"

Bears tighten their grip on dalal street. Market skewed in favor of the bears. The Nifty future slipped below the 10200 mark falling more than 350 points from its record high hit last week as Pharma and Metal stocks lost shine. The Sensex was down 181 points at 32760 and the Nifty fell 70 points to 10163. Nifty futures has opened at 10199 made a high of 10207 & low of 10125, total 82 points nifty future moved in intraday.

NIFTY WEEKLY REPORT FOR 05 NOV –09 NOV 2017

WEEKLY RESISTANCE FOR NIFTY: 10472,10512,10541,10570

PIVOT POINT: 10431

WEEKLY SUPPORT FOR NIFTY :  10402,10373,10333,10292

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10490, 10512,10524,10535

PIVOT POINT:10468

DAILY SUPPORT FOR NIFTY :  10457,10445,10423,10401
DAILY CHART FOR NIFTY

Sensex opened the week at 33685, made a high of 33707, low of 33180 and closed the week at 33685. Thus the Sensex closed the week with a gain of 8695 points. At the same time, the Nifty opened the week at 10380, made a high of 10492 low of 10350 and closed the week at 10489. Thus the Nifty closed the week with a gain of 133 points.The Sensex and Nifty were trading marginally higher on Friday after hitting a record high at open as financials gained, while healthcare and energy stocks edged lower as investors took a breather after a prolonged rally.

Nifty, Sensex end on a tepid note 

Markets current rally which started in December 2016 going from strength to strength even as the bulls continue their domination over the bears. Both the indices are at historic life-time high levels. As the Trend in all timeframes continues to be positive, one needs to adopt a ‘Buy on every Decline’ strategy. As the upward price movement continues. The upward rally has been continuing without any major Correction. Both the indices are in dire need of both prices as well as time Correction.

NIFTY & BANKNIFTY PREDICTION FOR 2 NOV 2017

The BANKNIFTY moved according to the magical stick hidden in our words in our weekly report and gave a breakout above the mentioned level 25500

"RELIANCE 990 CALL GIVEN ON 30 OCT POST ACHIEVED 1^ST TGT MADE A HIGH OF 16.40"

It seems that markets are enjoying their merry days and are in no hurry to provide a much awaited correction. The Nifty created history yet again on Wednesday after opening at 10402 nifty future surpassed its previous record high of 10404 and hit a fresh all-time high of 10489. Nifty future ended the session on a strong note, closing above 10450 first time ever i.e. 10473. The rally was led by strong moves on banks, PSUs and private, along with metals, FMCG, and infrastructure stocks. The Nifty PSU bank index was up over 3 percent.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 OCT 2017

Market ended flat with a positive bias after a choppy session on Monday ahead of June-September quarterly results. The Sensex ended at 31846, up 32 points and Nifty ended at 9987, up 8 points after testing the 10,000-mark in trade. Wide fluctuations prevailed in the stock market on Monday before key indices Sensex and Nifty closed with measly gains, with institutional investors lending all- crucial support. The GST Council last week offered relief to exporters and small and medium businesses.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 OCT 2017

Yesterday the Sensex has closed higher by 213 points at 31497 and the Nifty closed higher by 71 points at 9859. The Sensex ended higher by over 200 points on Tuesday due to sustained buying by DIIs ahead of RBI monetary policy review. The central bank’s two-day monetary policy review had begun from Tuesday and the decision is due today 4 Oct 2017.