Tug of war
between bulls & bears. The market has been on a wobbly road, largely
upward, as it awaited the GST since the beginning of the monsoon session. Today the Sensex
ended with a loss of 21 points at 27982. The Sensex opened at 28069 touched an
intra-day high of 28175 and low of 27944. The Nifty closed with a loss of 14
points at 8622. The Nifty opened at 8647 hitting a high of 8687 and low of 8611. As market
has been largely on a gaining spree for the last few weeks, chances are investors
may have already priced in the GST Bill. We believe long-term bullishness in
the market will remain intact and on GST transformation, market can move to a
level beyond 8800.
Tuesday, August 2, 2016
Monday, August 1, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 AUG 2016
"BUY NIFTY ABOVE 8650 TGT 8685/8730 SL 8620"
Nifty
consolidated after making a fresh one year high on the back of negative cues
coming in from international markets. However, the 40 point premium on Nifty
futures could indicate the first signs of exuberance creeping into the markets.
The Sensex on Monday wiped off all its gains to settle the day 48 points
lower, while the broader Nifty ended below its key 8650-mark. The headline
indices edged lower amid uncertainties over the passage of the Goods and
Services Tax (GST) Bill, which entered the last mile as the government
circulated the new draft on GST to Rajya Sabha members.
Saturday, July 30, 2016
NIFTY WEEKLY REPORT FOR 01 AUG TO 05 AUG 2016
WEEKLY
RESISTANCE FOR NIFTY: 8664, 8708, 8732, 8756
PIVOT
POINT: 8619
WEEKLY
SUPPORT FOR NIFTY : 8595,8571,8527,8482
WEEKLY CHAT FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 8698, 8707, 8715,8724
PIVOT
POINT: 8688
DAILY
SUPPORT FOR NIFTY : 8672, 8663, 8653, 8636
DAILY
CHART FOR NIFTY
Sensex opened the week
at 27737, made a high of 28268, low of 27669 and closed the week at 28051. Thus
it closed the week with gain of 248 points. At the same time the Nifty opened
the week at 8590, made a high of 8744, low of 8565 and closed the
week at 8686. After gaining for two consecutive trading sessions, the Indian equity
market closed lower on Friday. The key indices dropped in the morning trade on
Friday on profit-booking by participants as the August derivatives series began
on a negative note.
Friday, July 29, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 AUG 2016
See-saw movement was there in the market
today. After gaining for two consecutive trading sessions, the market closed
lower on Friday. The sensex & nifty dropped in the morning trade on Friday
on profit-booking by participants as the August derivatives series began on a
negative note. The Sensex ended with a gain of 184 points at 28209. The
Sensex opened at 28109 touched an intra-day high of 28240 and low of 28065. The
Nifty closed with a gain of 51 points at 8666. The Nifty opened at 8637 hitting
a high of 8674 and low of 8625.
Wednesday, July 27, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 28 JULY 2016
"BUY NIFTY ABOVE 8590 TGT 8630/8670 SL 8560"
Bulls are back with a bang!!!! See-saw movement was there in the
market today. High volatility was seen ahead of F&O expiry on Thursday and
the FOMC decision on interest rates later today. Market ended with gains on Wednesday
amid a highly volatile trading session. Nifty slipped sharply lower in the
first half below the 8600 mark. However as the day progressed it stabilized and
staged a smart recovery in the last half an hour & closed above 8600 level.
The Nifty has started the session in positive territory at 8599. Experiencing
buying interest, the nifty surged to an intra-day high of 8665. However, the
contract failed to sustain its bullish momentum and erased its intra-day gains thereafter.
Breaking the key support at 8600, the contract declined to an intra-day low at 8572
levels. At the closing nifty has staged a smart recovery & closed at 8616.
For tomorrow nifty now tests key resistance at 8680. A strong
rally beyond this level and the next key resistance at 8700 will strengthen the
bullish momentum. In that case, the contract can rally to the 8730 and 8750
band. But the inability to move beyond 8625 will keep the index under selling
pressure. A decisive fall below 8600 can pull the contract down to 8580 and
then to 8550 levels. The next key supports are at 8530 and 8500 levels.
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Supports: 8600 and 8550
Resistances: 8650 and 8680Monday, July 25, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 26 JULY 2016
BUY RELCAPITAL FUTURE ABOE 430 TG 437/444 SL 421
Putting a tepid week behind, bulls
pushed market to a new peak supported by consistent inflows, and hopes of GST
passage. The Sensex and Nifty advanced almost 1% amid sustained
inflows from foreign funds on optimism over GST bill’s passage. Sensex
closed 292 points up at 28095, while Nifty settled 94 points up at 8635. The
Sensex ended with a gain of 292 points at 28095. The indices opened at 27754
touched an intra-day high of 28110 and low of 27736. The Nifty closed 94 points
higher at 8636 points. It opened at 8520 points, hitting a high of 8641 and low
of 8517. The Nifty closes above 8600 for first time since July 22, 2015.
Saturday, July 23, 2016
NIFTY WEEKLY REPORT FOR 25 JULY TO 29 JULY 2016
WEEKLY
RESISTANCE FOR NIFTY: 8564, 8591, 8627, 8666
DAILY RESISTANCE FOR NIFTY: 8557, 8575, 8587,8599
PIVOT
POINT: 8538
WEEKLY
SUPPORT FOR NIFTY : 8499,8466,8439,8413
WEEKLY CHAT FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 8557, 8575, 8587,8599
PIVOT
POINT: 8538
DAILY
SUPPORT FOR NIFTY : 8526, 8514, 8496, 8477
DAILY
CHART FOR NIFTY
Sensex
opened the week at 27938, made a high of 28027, low of 27641 and closed the
week at 27710. Thus it closed the week with loss of 142 points. At the same
time the Nifty opened the week at 8432, made a high of 8604, low of
8422 and closed the week at 8557. Thus it closed the week with gain of 227
points. Markets recouped on
friday losses to end marginally higher on reports that the GST constitutional
amendment bill has been listed for discussion in the Rajya Sabha next week.
BIAS
REMAINS POSITIVE.
Last week was a ‘nothing’ week as the indices continued to trade
in a very narrow range. Nifty continues to move in a small range (8594-8476) of
just 118 points. This can be termed as a Consolidation with a bullish bias. A
narrow range seems like a precursor of a bigger move which is likely to follow.
A break on the lower side of the range will lead the Nifty to test the weekly
Bullish Gap between 8407-8398; whereas a bullish breakout to the trading range
will lead the Nifty towards the Flag target of 8869.
Thursday, July 21, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 22 JULY 2016
“SELL VEDL FUTURE BELOW 157.70 TGT 156.40/155.20 SL
159.90”
“BUY BANKNIFTY FUTURE ABOVE 18750 TGT 18800/18850/18900 SL 18700”
Bulls can’t sustain in the market as the
bears took the driver seat & made nifty to witness the level of 8504. The
market opened marginally higher but slipped into the negative zone despite
positive global cues. The Sensex on Thursday tanked 205 points, while the
broader Nifty slipped below 7550-mark. The sensex & nifty edged
lower after hitting its strongest close in nearly a year in the previous
session as caution prevailed ahead of corporate results and investors awaited
progress on the GST bill. Sentiment also remained buoyant as a good monsoon
season so far lifted hopes of a revival in farm output as well as income and on
optimism over the GST bill’s passage. The market came down, as investors
failed to get a boost, with government expressing hope that the Rajya Sabha
will clear the GST Bill in the first week of August on the back of support from
regional parties. The Sensex ended with a loss of 205 points at 27711. The
Sensex opened at 27981 touched an intra-day high of 27989 and low of 27687. The
NSE Nifty closed with a loss of 58 points at 8508. The Nifty opened at 8583
hitting a high of 8585 and low of 8504.
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