NIFTY OUTLOOK FOR TOMORROW

 A very good volatile trading session was witnessed today, nifty future had good start at the level of 6765 later it dropped till 6705 in noon session again marched to end in 6761.We got our second  ever Nifty close above the 6700-mark and also another record high at 6765 ; the latter is happening every day for the last six sessions consecutively—it’s as if we have grown habituated by it. So far, so good! Now, the first sign of   the bullish armor is visible today it’s a bearish pattern but it needs follow on selling. We ought to understand that this suggests a probable sell off in case we sustain below 6670 on good volume activity. However, so long as the level of 6650 is held, the bulls can again push it up higher. Tomorrow nifty level of 6775-6790  is to be monitored .

KEYS TO TRADE IN NIFTY FOR TUESDAY

• The rupee breached the 60-per-dollar mark for the first time in eight months on Friday
• Trading of Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 20 points in morning session.
• DOW JONES  134 points up @ 16,457.
• NIKKIE 42  points  down  @114,785
• HENG SENG 210 points up @ 22,361
• Upcoming Results: Kitex Garments Ltd

NIFTY ABOVE 6700

NIFTY FUTURE OUTLOOK FOR TUESDAY

The Week begun on a green note, today nifty future crossed the level of 6700..Nifty Future opening at 6759..made a high of 6765 and low of 6706 and ended at 6739..nifty future moved in a range of 59 points throughout the day... Today the markets didn't make so much gains, but it hit the new highs..

We are expecting the uptrend is likely to continue Tomorrow also in the near term as India is better placed as investment destination than other emerging markets..

KEYS TO TRADE IN NIFTY

• On Friday rupee touched the level of 60 against the  dollar in early trade  on fresh selling of the US currency by exporters and banks.
• The market may extend recent strong gains,Trading of Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 28 points in the morning session.
• DOW JONES  58  points up @ 16,323
• NIKKIE 62  points up @14,758
• HENG SENG 20 points up @ 22,085
• Upcoming Results: Kitex Garments Ltd

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NIFTY OUTLOOK FOR MONDAY 31 MARCH 2014

"Buy JP associate 57.50 Call @ 1.60 tgt 2.80/3.90 Sl 0.90"

"Buy Hindalco future  above 131.80 tgt 133/134 sl 129.90"

In the beginning of April series  bullish momentum was seen in the market , Nifty future started at 6708 and made a  highs of 6735 and low at 6685...Today  Nifty future closed at 6728.. Over all nifty future moved in the range of 50 points throughout the day..

Currently,Nifty future is oscillating around 6730, if it again comes around 6700 level,traders should use the dip and add further long position in portfolio for the target of 6760. While on lower side it has a strong and immediate support of 6650.

NIFTY AT ALL TIME HIGH

Market index trimmed initial gains triggered by positive Asian stocks. The Sensex, and the Nifty, both, hit record high. The Sensex was up 92.74 points off 56.86 points from the day's high and up 33.67 points from the day's low. The market was strong. Bank shares rose after the Reserve Bank of India (RBI) on Thursday, 27 March 2014, extended the timeline for full implementation of the Basel III capital regulations to 31 March 2019.

APRIL SERIES BEGINS FROM TODAY

• The market is likely to open at upper side. Trading of Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 18.50 points in morning session .
• The Indian rupee on Thursday dropped by 17 paise to close at 60.31 against the Greenback on fresh month-end dollar demand from importers amid firm dollar overseas.
• DOW JONES 4  points down @ 16,264
• NIKKIE 3  points up @114,626
• HENG SENG 265 points up @ 22,099
• Results today : Rural Electrification Corporation Ltd.