NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 19 OCT TO 23 OCT 2020

WEEKLY RESISTANCE FOR NIFTY: 11800, 12000,12200

PIVOT POINT: 11700

WEEKLY SUPPORT FOR NIFTY:  11500, 11300, 11100

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11800, 11900,12000

PIVOT POINT: 11700

DAILY SUPPORT FOR NIFTY:  11600, 11500, 11400

DAILY CHART FOR NIFTY

Trading for the week started with a good upside gap as indicated by the Nifty early in the morning. Within the first five minutes of trade, Nifty conquered the milestone of 12000, which is the outcome of the stupendous recovery from the March lows in such a short span. In fact, in the last couple of weeks also, we had a remarkable rally after testing the 200-day SMA around 10800. Post the initial hour, the market witnessed some profit booking at higher levels, which was then followed by a consolidation to conclude the day on a flat note. Tuesday morning, global cues were sluggish and hence, we had a flat opening in the absence of any triggers. Subsequently, Nifty vacillated within the narrow band of 11900 – 12000 throughout the remaining part of the session. In fact, the overall movement was so choppy; the market was unable to hold any direction. Eventually, the day ended on a muted note and Nifty managed to hold the 11900 mark convincingly. Wednesday, global cues were a bit subdued early in the morning and despite this, our markets opened lower and then extended losses as the day progressed. The weakness was mainly led by the IT counters that were experiencing heavy profit taking after a recent relentless run. Then banking joined hands to drag the markets lower. But all of a sudden at the stroke of the penultimate hour, markets just took off and financials were the major charioteer to this late surge. Eventually, Nifty not only recouped losses but also ended well inside the positive territory. Despite unfavorable global cues, we kick started the Thursday session at the seven month high above 12000. However this gap up opening turned out to be a formality as we came off sharply in the initial trades. Markets stabilized from the hiccup; courtesy to complete recovery in banking stocks. Once again, this rebound got sold into which then became a nightmare for the bulls post the midsession as markets took a complete nosedive on the fears of a second wave of coronavirus hitting major European countries. This resulted in a similar trading session we witnessed on 31st August to mark more than a couple of percent losses.

NIFTY: A STRONG SUPPORT WILL BE @ 11500; STRONG RESISTANCE LEVEL SEEN @12200

As far as levels are concerned, the base has shifted higher and the previous resistance area of 11700 – 11800 should now be treated as a strong support. On the flipside, we are very much close to the psychological mark of 12000. The moment it’s taken out, we may see a steady move towards 12200 – 12400 levels. Since, the banking index is back to 200-day SMA on the daily chart and the way it closed with complete gush in the space, a move beyond 24000 would provide strong support to the benchmark index. However, we would like to highlight that since the move is extremely swift, anytime we can see some intraday profit booking and hence, one needs to position accordingly and be very fussy in stock selection.

TECHNICALLY SPEAKING.

In the last couple of weeks’ rally, global markets played the major part as we are seeing some gravity defying moves despite some in between uncertainty. Initially, in our recovery mode, we were a bit skeptical but in the first half of the week, we had to admit the miss and eventually started participating in the move. The way Nifty surpassed the 31st August high of 11794 with some authority and is now within the kissing distance of 12000, the positivity is likely to extend further. Importantly, the banking space which was following the benchmark in the entire recovery finally showed some dominance on Friday. This factor is very much in favor of the bulls, which may provide impetus for the extended rally. it will be then considered as a healthy rally. Let see how things pan out in the next couple of sessions.  ‘Bearish Engulfing’ pattern at the top was something very similar to what Nifty50 witnessed on August 31 at the 11,800 level. August’s candle was followed by a significant decline in the index towards the 10,800 level, he said.

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 12 OCT TO 16 OCT 2020

WEEKLY RESISTANCE FOR NIFTY: 12000, 12200,12400

PIVOT POINT: 11900

WEEKLY SUPPORT FOR NIFTY:  11700, 11500, 11300

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11950, 12050,12150

PIVOT POINT: 11900

DAILY SUPPORT FOR NIFTY:  11800, 11700, 11600

DAILY CHART FOR NIFTY

Nifty continued with its previous week’s momentum and started the week with another gap up opening. The index surpassed the 11500 mark and rallied to register a high of around 11580. At noon, we saw some tentativeness and the index corrected back upto 11450, but then we again saw some pullback at the end and Nifty reclaimed 11500 mark at the close. Positive cues from the global markets led to another gap up opening for Nifty on Tuesday. Post the gap up, the index consolidated in a range for most part of the session and then it rallied higher in the last hour of the session to end at its highest close in last seven months. In spite of the sluggish cues from the global markets, Nifty started the Wednesday session on a positive note and surpassed the 11700 mark. Post a surge in the first hour of the trade, the index consolidated with a positive bias throughout the session and ended at new seven month high. Nifty started the Thursday session with another gap up opening well above the 11800 mark. It continued the momentum and even tested 11900; however, some profit booking was seen in the penultimate hour due to which the index gave up some of the gains and ended around the opening levels, up by almost 100 points. The rally continued on the seventh straight day on October 9 with Nifty closing above 11900 and Sensex added over 300 points.   Sensex and Nifty ended near the day's high mainly supported by the banking names after Reserve Bank of India kept the Repo Rate unchanged at 4% and continued with the accommodative stance.   At close, the Sensex was up 326.82 points at 40509, and the Nifty was up 79 points at 11914

NIFTY: A STRONG SUPPORT WILL BE @ 11500; STRONG RESISTANCE LEVEL SEEN @12200

We are entering into the weekend with a strong closing where the Nifty is not very far from the 12000 price mark! 12200-12300 is a potential target which the index is capable of achieving during the course of this month. 11500 is a good support level.

TECHNICALLY SPEAKING.

Nifty on the weekly chart formed a long bull candle and the whole chart pattern now indicate a larger positive sequence of higher tops and bottoms. Hence, more upside could be in store in the near term to form a yet another higher top reversal at the new swing highs. The underlying trend of Nifty continues to be positive. The overall chart pattern signal more upside for the market in the near term. The upside targets to be watched for the coming week at 12200. Immediate support is placed at 11700.

NIFTY WEEKLY PREDICTION & NIFTY TIPS FOR 28 SEP TO 1 OCT 2020

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WEEKLY RESISTANCE FOR NIFTY: 11100, 11300,11500

PIVOT POINT: 11000

WEEKLY SUPPORT FOR NIFTY:  10900, 10700, 10500

WEEKLY CHART FOR NIFTY

 

DAILY RESISTANCE FOR NIFTY: 11100, 11200,11300

PIVOT POINT: 11025

DAILY SUPPORT FOR NIFTY:  10975, 10900, 10800

DAILY CHART FOR NIFTY

It was one of the worst weeks for our markets in the recent past as the indices corrected sharply along with the broader market. There was no respite for any of the index as all the sectors, including the recent out performers took a sharp knock. Our markets started the week around the previous week’s close. The index traded within a range till noon, but it then corrected sharply on back of sell-off in the global markets and ended with a cut of over a couple of percent at 11250. Nifty started the Tuesday’s session marginally positive; however, it was mere a formality as we immediately witnessed correction and within first half an hour, Nifty sneaked below 11100. The index gradually pulled from the lows, but the bears continued their dominance and the pullback move was sold into to eventually end the day with a loss of about 100 points around 11150. On the back of positive global cues, we started the Wednesday’s session on a positive note, but once again our markets witnessed selling pressure and corrected by about 200 points from the opening level. However, we recovered some of the losses in the last hour of trade and ended the day marginally in the red. The negative global cues weighed down heavily on our markets on Thursday as the Nifty opened gap down and then corrected throughout the day to end with a loss of almost 3%. Friday the market witnessed correction as sentiments soured on Fed comments on weaker-than-expected economic recovery, increase in fresh Covid-19 cases in developed markets and on concerns of higher-than-expected credit costs in the banking sector in the near term. 

NIFTY WEEKLY REPORT FOR EXPIRY WEEK 31 AUG TO 4 SEP 2020

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NIFTY OUTLOOK FOR SEPTEMBER F&O 28 AUG 20

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Markets saw extreme volatility on Thursday 27 Aug 2020 due to the expiry of August derivative contracts. The Sensex ended higher on Thursday, extending gains to the fifth straight day as banking shares continued to rally. The sensex closed 39 points higher at 39113 while the Nifty settled 9 points higher at 11559. 

The Nifty is likely to face stiff resistance between the 11600-11650 level. Shorts have been squeezed hard in this expiry, and with Nifty closing above the psychological mark of 11550, bears are likely to remain cautious. Nifty would meet with a stiff wall of resistance around 11600-11650 zone whereas support is seen around 11450-11350 zone.

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Resistance: 11600, 11700

Support: 11450, 11350

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 6 AUGUST 2020

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Wednesday market ended on flat note, erasing the stellar gains made at open. Both Sensex and Nifty had topped their respective psychological levels intraday before giving in to the volatility during the session. The Sensex had hit the day's high of 38,140 points, but fell to the low of 37551. Sensex closed at 37,663 points, down 24 points from previous close while Nifty raised 6 points to settle at 11101. Nifty opened positive but failed to hold above 11225 levels and during the day it lost all its gains by drifting towards 11050 zones. However, it witnessed some bounce from lower levels and closed the session on a flat to positive note. Global cues were also positive while gold again jumped to record highs. Positive earnings reports are driving stocks and markets around the world, and the same trend is visible in the Indian markets too. Liquidity is a major driver for the markets and it is chasing companies which are declaring stable earnings or outlook. Uncertainties remain while in the near term markets will look forward to the commentary and RBI actions at the end of the MPC meeting tomorrow.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 5 AUGUST 2020

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Nifty back to track!!! After 4 day corrective sessions Nifty gained momentum on Tuesday 4 August 2020 with nifty hovering around 11000 mark. At close, the Sensex rallied 748 points to 37687 and the Nifty climbed 203 points to 11,095 despite rising coronavirus cases.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 28 JULY 2020

Market ended lower on Monday due to the massive slip in the banking stocks after a month or so. At close, Sensex ended 194 points to 37935 while the Nifty index ended at 11132, down 62 points. The banking index came in red after the Reserve Bank of India in its Financial Stability report forecast that bad loans could soar due to a rise in pandemic-led debt burdens. Because of the pandemic, loan growth has slowed and the moratorium has hit repayments. This is a double whammy for banks.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 24 JULY 2020

Bulls got charged after 1 day pause and helped the nifty to gain over half a percent bouyed by correction in European and Asian equities. Sensex ended 268 points higher at 38140 and Nifty closed 82 points higher to 11215. Global markets set aside the rising US-China tensions and focused on potential vaccine developments and better than expected earnings numbers.Domestically, except for IT, most major indices were in the gains.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 23 JULY 2020

Bulls were taking a breath after 5 days of long run. The spike in US-Chine tensions hit the global markets while a surge in virus infections globally impacted on the market sentiment.  Market ended the five-day winning streak with landing in losses on Wednesday dragged by selling in IT, auto and state-run lenders. The Sensex ended the session on July 22 down 58 points at 37871, and the Nifty shed 29 points at 11132. After the initial uptick, the benchmark oscillated in a range however movement on the stock-specific front kept the traders busy.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 22 JULY 2020

Bulls continued with its winning streak for yet another day. The nifty posted a positive daily close for the fifth consecutive session. EU leaders have finally reached an agreement on a massive stimulus plan to combat the pandemic impact. News about successful progression of Covid-19 Vaccine trials also boosted the global markets while positive quarterly earnings results, especially from the leaders, provided an additional support to the Indian markets. At close, the Sensex was up 511 points at 37930, and the Nifty was up 140 points at 11162.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 21 JULY 2020

Nifty is back to 11000 after 4 months of struggle. HDFC Bank's upbeat earnings helped market to move up in such difficult time where coronavirus cases are rising day by day. The Sensex closed the day up by 400 points at 37418 & Nifty closed the day up at 11022.

The earnings results declared so far have been positive, as the sectoral leaders, especially in the IT and banking sector, have emerged better than expected in a quarter that was considered to be a washout, in terms of business. Uptrend may continue but it will be stock specific and investors seem to be looking at the earnings commentary for further direction.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 16 JULY 2020

Bulls are back in action & took nifty above 10800 mark. Risk appetite was boosted after Moderna Inc's experimental vaccine for coronavirus showed it was safe and provoked immune responses in all 45 healthy volunteers in an ongoing early-stage study. expectation of  stimulus from the governments also boosted the market sentiments. The Sensex closed 18 points higher at 36051 while the Nifty settled 10 points higher at 10618.

NIFY OUTLOOK & OPTION CALL PUT TIPS FOR 25 JUNE 2020

Bears griped the market is the last hour of trades on Wednesday & closed the day below 10500 mark. Traders turned cautious in domestic market amid weakness in Asian indices including Nikkie, Hong Kong and Nifty. Sensex closed 561 points lower at 34868 and Nifty fell 165 points lower to 10305. Earlier at opening bell, Sensex rose 250 points higher at 35679 and Nifty climbed 58 points higher at 10529.  With immediate effect from date of President's nod on the ordinance, cooperative banks will come under the RBI supervision now. As a result, Nifty Bank slips 900 points; down over 4% .India's economy is likely to shrink by 5.3% this fiscal, the lowest GDP growth in the Indian history and the sixth instance of economic contraction. The disorder caused by the COVID-19 pandemic unfolded with such a speed and scale that the disruption in production, breakdown of supply chains/trade channels and total wash out of activities in aviation (some activities have started now), tourism, hotels and hospitality sectors will not allow the economic activity to return to normalcy throughout FY21. As a result, besides contracting for the whole year, GDP will contract in each quarter in FY21 (April 2020 to March 2021). However, the GDP growth would bounce back in the range of 5-6% in FY22 (April 2021 to March 2022), aided by base effect and return of gradual normalcy in the domestic as well as global economy. India's gross domestic product (GDP) will contract 5.3% in FY21. This will be the lowest GDP growth in the Indian history (Indian GDP data is available from FY51) and sixth instance of economic contraction, others being in FY58, FY66, FY67, FY73 and FY80; the previous low was negative 5.2% in FY80.

NIFY OUTLOOK & OPTION CALL PUT TIPS FOR 24 JUNE 2020

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On account of positive global cues, the Indian indices ended in the green zone after the closing bell. The Sensex scaled 35,000 levels and sustained above it by closing at 35414  i.e.  503 points above yesterday's closing. The Nifty went up 159 points and closed at 10471 levels while the Bank Nifty index regained 22000 levels after closing at 22264 levels.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 17 JUN 2020

TO GET LIVE MARKET OPTION CALL PUT TIPS WHATSAPP ON 9039542248Tug of war between bulls & bears!!! Positive global cues and escalating tensions between India and China were the reason for market volatility on 16 June 2020. The Sensex was back in the green and hovered around 33,500 levels. The index had earlier surpassed 34,000 level for a brief moment. The broader Nifty also tested 9900 mark after giving up its hold on the 10000 level in the morning session only. At close, the Sensex was up 376 points at 33605, and the Nifty was up 100 points at 9914.

NIFTY WEEKLY REPORT & VIEW FOR NEXT WEEK 15 JUNE TO 19 JUNE 2020

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WEEKLY RESISTANCE FOR NIFTY: 10000, 10200,10500
PIVOT POINT: 9900

WEEKLY SUPPORT FOR NIFTY:  9800, 9600, 9400

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10000, 10100, 10200

PIVOT POINT: 9950

DAILY SUPPORT FOR NIFTY:  9900, 9800, 9700

DAILY CHART FOR NIFTY

Nifty opened with a gap up on Monday in line with strong global cues, but failed to surpass its crucial hurdle at 10,333 level. It consolidated in the initial hour of trade, but gradually drifted towards the 10,150 level in the latter part of the day.  Tuesday’s session once again saw Nifty start near the 100-DMA, which currently stands at 10276. After testing the day’s high near 10,291, Nifty came off over 250 points from the high point of the day. While showing no intention to recover, the headline index ended near the low with a net loss of 120 points. Wednesday market ended in the positive territory, supported by last-minute buying in counters such as Reliance Industries (RIL), HDFC, TCS, ICICI Bank, and IndusInd Bank. Nifty ended at 10,116, up 69 points . Thursday market had opened higher, shrugging off worries over the US Federal Reserve's grim outlook for a speedy economic recovery. However, the opening gains were soon erased as fears of a second wave of coronavirus and the Supreme Court's (SC) observations in the adjusted gross revenue (AGR) case weighed on market movers. the Sensex fell 708 points, to 33538, Nifty settled 214 points lower at 9902. Friday Indian markets made a dramatic intra-day comeback to end higher. The Sensex closed 242 points higher at 33780 after being down about 1200 points at day's low. A positive start in European markets, coupled with strong gains in index heavyweight Reliance Industries, powered the recovery. Dow futures were up about 600 points. The broader Nifty today settled 0.7% higher at 9972, recovering from day's low of 9544.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 12 JUN 2020

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Bears tighten their grip on dalal Street & took the indices 2% down. The market had opened higher, shrugging off worries over the US Federal Reserve's grim outlook for a speedy economic recovery. However, the opening gains were soon erased as fears of a second wave of coronavirus and the Supreme Court's (SC) observations in the adjusted gross revenue (AGR) case weighed on market movers. the Sensex fell 708 points, to 33538, Nifty settled 214 points lower at 9902.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 10 JUNE 2020

Sentiment took a hit after Delhi Deputy Chief Minister Manish Sisodia said that by the July end, the total number of Covid-19 cases in the national capital will rise to over 550,000. Market ended near day's low level on the back of extended selling seen in the afternoon session on June 9. At close, the Sensex was down 413 points at 33956, and the Nifty was down 120 points at 10046. Covid continues fear the D street. Nifty slipped below 10100 mark. The market slipped 1% on Tuesday amid across-the-board sell-off with the financials taking the biggest knock.

NIFTY OUTLOOK & OPTION CALL PUT TIPS FOR 5 JUNE 2020

A volatile trading session ended lower. The indices were trading with over half a per cent cut in Thursday's session ahead of the index F&O weekly expiry. Market broke the 6-day winning momentum and ended lower in the volatile trade on June 4 with Nifty able to close above 10000 mark. At close, the Sensex was down 128 points at 33980, while Nifty was down 32 points at 10029.