NEXT WEEK NIFTY PREDICTION & CHARTS 27 AUG TO 31 AUG 18

WEEKLY RESISTANCE FOR NIFTY:11900,11950,12000

 PIVOT POINT: 11750

WEEKLY SUPPORT FOR NIFTY :  11700,11650,11600

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11845,11885,11925

PIVOT POINT:11725

DAILY SUPPORT FOR NIFTY :  11700,11675,11650

DAILY CHART FOR NIFTY

It was the typical kind of week when index looks to consolidate after travelling some fair distance in a quick succession. Before anyone could realized, our markets are at new highs and for Nifty yet another milestone has been conquered above 11800. This is certainly a remarkable achievement if compared with the recent uncertainty in the global market. In the past week nifty has opened with a decent upside gap and then just took it forward to hasten towards yet another milestone of 11700.  

NIFTY: A STRONG SUPPORT WILL BE @ 10675; STRONG RESISTANCE LEVEL SEEN @10925

Now, if we look at the further route map, we are not seeing any obstacle before 11900, which is the 161% reciprocal retracement of the previous down move. So no brainer, we would stick to our recent optimistic stance without thinking too much about the few overbought indicators. The encouraging sign of any rally is if we see base shifting higher after every uptick, traders get know where they can place their exit strategy and this has been the characteristic of this ongoing move. For the coming session, 11700 followed by 11650 would be seen as immediate support zone and on the upside, the psychological level of 11825 first and then 11900. Thursday’s & Friday’s  tail end correction was slightly depressing for traders; but, we must accept that in between we are likely to see such hiccups. With a positional view, it would be wise digest such moves and stay with the broader trend. For the coming session, in case of selling pressure, 11650 followed by 11600 would be seen immediate support level. Whereas on the upside, 11825 - 11875 has become the intraday resistance zone. We will stick to our recent buy on dips strategy which has worked well for us in last 3- 4 weeks. For the coming session, 11640 remains to be a key support; whereas 11720 - 11750 would be seen as immediate resistance. But with a slightly broader view, our target of 11900 still remains in sight.

TECHNICALLY SPEAKING.

The Relative Strength Index (RSI) on the daily chart is 69 and it has just moved below from a topping formation, which is bearish. It remained neutral to the price and showed no divergence. The daily MACD is bullish while it stayed above its signal line. On the candle, a spinning top occurred, which continued to show that the indecisive approach of the participants. Overall, there is no second doubts over the present bull trend remaining intact. In fact, the refusal of the market to correct is a show of internal strength. However, given the overextended structure on the charts, there are still some more room for consolidation. We may see the market consolidating with the levels of 11700  acting as immediate technical resistance. Near these levels, the market may continue to remain vulnerable to profit taking, but the downsides, if any, are likely to remain limited. We recommend refraining from creating any major exposures on either sides unless the consolidation phase is seen ending. While remaining light on exposures, cautious approach is advised for the next week. 

11650 LEVEL WILL SUPPORT NIFTY ON 31 AUG 2018

It was tough day for bulls. Nifty future has opened at 11715 but bulls could not continue the good start as nifty dropped till the level of 11640 but at the end bulls again came in to the picture and managed to settle above the support level 11675. Bank Nifty remained highly volatile due to monthly expiry but managed to close above 28100. It formed a Bearish Candle on the daily scale and formed a triple top pattern after finding hurdles multiple times near the 28330 -28380 zone. The index has been consolidating between 27775 and 28380 levels for last four weeks. 

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 29 AUG 2018

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Bulls continued to rule on dalal street. The Sensex and Nifty scaled fresh peaks in early trade on Wednesday 28 aug 2018 & took nifty above 11750 mark. sensex closes shy of 38900 level, Nifty ends above 11750 for first time. Majority of the macro factors are in favor, the results that came out this quarter were in line with expectations. The likes of IT and Pharma are doing well now, thanks to the dollar. Asian shares advanced today amid hopes global tariff tensions were abating as the US and Mexico made a deal to overhaul the North American Free Trade Agreement (NAFTA). Most of the European markets were higher today. Investors expect Canada too would agree to the new terms to preserve a three-nation pact, ultimately dispelling the economic uncertainty caused by US President Donald Trump’s repeated threats to ditch the 1994 NAFTA accord.

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 28 AUG 2018

What a cracker of a Monday that was for the market! Bulls had it their way throughout the session, gaining with every passing hour. Benchmarks ended the day at record high levels. The expiry week has started on bullish note. Nifty has clinched a new milestone 11700 on the 1st day of expiry week. Today nifty future has started the day from 11616 made a high of 11712.90 and low of 11614 and closed the day at 11712. Positive global cues also supported the rally as investors took note of cues coming in from Jackson Hole symposium. Jerome Powell, the US Fed Chair, has hinted at slow, but steady rate hikes ahead on the back of strong economic growth in the US as well. Along with it, likely easing tensions and softening of dollar helped the indices end well above key milestones.

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 24 AUG 2018

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A new a day with a new high... The Sensex hit a new all-time high of 38487. The Nifty, on the other hand, touched its record high level of 11,620, but the trading session was range bound & closed the day on flat note even as Asian cues turned negative after us & china escalated tariffs on each other. The Nifty in fact went past 11600 mark 1^st time ever. Nifty future has started the day from 11614 made a high of 11622 and low of 11553 & finally closed the day at 11597.

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 23 AUG 2018

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Bulls were in relaxing mood. After 2 days of record breaking run bulls were taking a breathe in today’s session. Investors chose to stay light ahead of the crucial Sino-US trade talks scheduled for later in the week.  Trading was also thin ahead of the Indian public holiday on Wednesday. The stock market will be shut on Wednesday on account of Eid al-Adha. Market was moving in a narrow range.  The Sensex settled the day 7 points, higher at 38285. It hit an intraday record high of 38402 in early morning trade & nifty future closed the session at 11587 after making high of 11592 & low of 11553 led by banking stocks amid strong cues from global markets.

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 21 AUG 2018

No Monday blues for bulls… it was record breaking run of the bulls in today’s session. Market was at all time high. The Nifty managed to hit 11,500 for the first time ever, while the Sensex comfortably traded above 38000-mark.  The Sensex and Nifty future scaled their fresh lifetime highs of 38322 and 11585, respectively. Positive global cues, a recovery in rupee along with a rally in banks and index heavyweights helped the market kick off the week on a very strong note.

NEXT WEEK NIFTY PREDICTION & CHARTS 20 TO 24 AUG 18

WEEKLY RESISTANCE FOR NIFTY:11550,11625,11700

 PIVOT POINT: 11400

WEEKLY SUPPORT FOR NIFTY :  11400,11325,11275

WEEKLY CHART FOR NIFTY

DAILY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 11525,11550,11575

PIVOT POINT:11450

DAILY SUPPORT FOR NIFTY :  11425,11400,11375

Nifty closed the week on positive note gaining around 0.67%. As we have mentioned in our previous post that the index is trading at all time high so supports & resistance levels are shifting gradually higher day by day. Resistance for the index lies around 11525 to 11550 where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of 11575 to 11600. During the week the index manages to hit a high of 11507 and close the week around the levels of 11488.

LAST WEEK NIFTY 

NIFTY TIPS FOR 16 AUG 2018

The Nifty50 rebounded after two-day losses and extended rally as the day progressed despite volatility in the rupee which touched 70-mark per dollar for the first time on Tuesday.The index closed decisively above psychological 11,400 levels despite mixed global cues, forming bullish candle on the daily candlestick charts.The rally was broad based as all sectoral indices ended in the green with Pharma leading the charge with 3 percent rally. The broader markets also participated in the upmove, with Nifty Midcap index rising a percent.The Nifty50 after opening higher at 11,381.70 extended gains as the day progressed and crossed 11,400 levels to hit an intraday high of 11,452.45. The index closed 79.30 points higher at 11,435.10.The index formed bullish candle but technical oscillators on lower time frame charts are still on sell mode which is a cause for concern.Bank Nifty opened positive and managed to rebound towards 28,050 zones

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Resistance: 11400, 11450, 11500

Support: 10350, 10300, 10250

NIFTY OUTLOOK FOR 14 AUG 2018

Bears continued to dominate Dalal Street for the second consecutive session on Monday as the Nifty50 fell sharply, closing far below the psychological 11,400-mark following Turkey crisis and further weakness in the rupee against the US dollar.The Nifty50 after opening sharply lower and breaking 11,400 levels extended losses as the day progressed and hit an intraday low of 11,340.30. It did manage to claw back above 11,400 in afternoon but failed to hold the same level and closed 73.70 points lower at 11,355.80.

BANKNIFTY WEEKLY PREDICTION & CHART FOR 13 AUG TO 17 AUG 18

WEEKLY RESISTANCE FOR BANKNIFTY :28500,28650,28800

 PIVOT POINT: 28000

WEEKLY SUPPORT FOR BANKNIFTY:  27900,27800,27600

WEEKLY CHART FOR BANKNIFTY

The Nifty Bank index started the week with a gap up opening and continued its positive momentum to end the session with gains of about three-fourths of a percent at 27960.On Tuesday The Nifty Bank index traded in a narrow range of 160 points throughout the session and ended the day with a negligible loss at 27947. Wednesday’s trading session, the Nifty Bank index opened on a positive note and rallied higher to cross the 28000 mark for the first time ever. The index continued the positive momentum led by some of the index heavyweights and ended the session with gains of 0.67% over its previous day's close at 28127. On Thursday Nifty Bank index opened gap up and continued the positive momentum throughout the session. The index ended the session with gains of almost a percent over its previous day's close at 28351.on Friday nifty bank index opened the session at 28342 made a high of 28380 and low of 28150 & finally closed the week at 28154 down by 197 points.

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 10 AUG 2018

A new day & a new achievement for bulls…!!!  After 2 days of relaxation bulls are back in racing mood. After clocking a fresh milestone of 38,000, the Sensex has managed to end the day above this mark. In the nifty future today race has started from the highest ever level 11498 after that it made a high of 11504 came down to 11467  & finally it has closed the day at 11484. Total 37 points nifty future has moved in intraday. Where banknifty future has started the day from 28224 made a high 28386 and low of 28177 & finally closed the day at 28386, total 209 points banknifty future has moved in intraday. Banks led the rally for equity benchmarks, with major gains coming in from PSU banks. It looks like there is no stopping the bulls. Not only are they in the driver’s seat for August 2018, they are ensuring that the car is in for a long drive. Investors are hopeful of stellar June quarter numbers from State Bank of India on Friday and hence placed big bets on the stock. This fueled the up move in banks in general. Additionally, buying counters were also buzzing in ICICI Bank and Axis Bank, which helped the market climb to new highs on Thursday.

NIFTY OUTLOOK & CHART FOR 8 AUG 2018

TO GET FREE OPTION/FUTURE TIPS FILL UP THE FORM GIVEN HERE>>>>Bulls were in relaxing mood. After 2 days of record breaking run bulls were taking a breathe in today’s session. Market was moving in a narrow range & nifty future closed the session above 11400 mark after making high of 11445 & low of 11376 led by banking stocks amid strong cues from global markets.

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No Monday blues for the bulls..!!! Continuing their record-breaking run, bulls hit new fresh record highs on Monday & took nifty above 11400 marks for the first time history of Indian stock market led by banking stocks amid strong cues from global markets. . Nifty future started from 11420 made a high of 11447 and low of 11386  & finally closed at 11421.

BANKNIFTY WEEKLY PREDICTION & CHART FOR 06 AUG TO 10 AUG 18

WEEKLY RESISTANCE FOR BANKNIFTY :27900,28000,28100

 PIVOT POINT: 27500

WEEKLY SUPPORT FOR BANKNIFTY:  27400,27300,27200

WEEKLY CHART FOR BANKNIFTY

DAILY RESISTANCE FOR BANKNIFTY: 27835,27875,27900

PIVOT POINT:27600

DAILY SUPPORT FOR BANKNIFTY :  27525,27425,27375

DAILY CHART FOR BANKNIFTY

The banknifty future started trading for the week with a positive bias. Post consolidating for a couple of hours, the index resumed its positive momentum and rallied higher throughout the session to register gains of three-fourths of a percent. On Monday banknifty future has closed at 27854. On Tuesday, the Nifty Bank index opened marginally negative and traded within its previous day's range to end the day with a marginal loss & closed at 27811. On Wednesday during the initial half of the day, the Nifty Bank index traded in a narrow range as the market participants awaited the outcome of the RBI policy. At 2.30 p.m., the monetary policy committee announces its decision to hike the repo & reverse repo rates by 25 bps. The Nifty Bank index reacted negatively on the announcement and corrected marginally to end the day with a loss of 0.60% at 27672. On Thursday the Nifty Bank index opened on a negative note and continued the negative momentum throughout the session. The index eventually ended the day near the low point of the day with a loss of 0.87 percent at 27776. On Friday is has shown some start recovery banknifty future has started at 27510 made a high of 27800 and low of 27475 & closed the week at 27786 up by 336 points.

NIFTY WEEKLY PREDICTION & CHART FOR 06 AUG TO 10 AUG 18

DAILY RESISTANCE FOR NIFTY: 11425,11450,11475

PIVOT POINT:11350

DAILY SUPPORT FOR NIFTY :  11300,11275,11250

DAILY CHART FOR NIFTY

WEEKLY RESISTANCE FOR NIFTY:11450,11500,11550

 PIVOT POINT: 11300

WEEKLY SUPPORT FOR NIFTY :  11250,11200,11150

WEEKLY CHART FOR NIFTY

NIFTY IN THE PAST WEEK

What a splendid week it turned out to be for our markets as we finally saw nifty hitting record highs. Throughout the week, Nifty maintained its positive posture and Friday’s session started with a bang at new highs. On Friday nifty future has opened at 11306 made a high of 110406 and low of 11302 and finally closed at 11396.   

Despite mixed global cues, the week started with mildly positive bias. During the initial trade on Monday, we did witness minor profit booking, which was probably a weak attempt to restrict the nifty below 11300. As a result, the early morning dip eventually got bought into and index went on to reclaim the 11300 mark on a closing basis. On Monday nifty future closed at 11338. On Tuesday the day started on a flat note in the absence of any major trigger from the global peers. The remaining part of the day was almost a replica of monday’s action as the index first corrected marginally in the initial hours and then a strong buying at lower levels pushed the index higher to clock smart gains of seven tenths of a percent to conclude at new high. Finally nifty future ended at 11371 on Tuesday. On Wednesday nifty had a flat start after seeing a smart recovery during the latter half of Tuesday. Nifty consolidated for the major part of the day; but volatility just kicked in once the RBI came out with its verdict on bi-monthly monetary policy. The market stabilized after some wild swings and the index eventually managed to close with negligible loss. Volatility was very much on cards considering the key event; but despite 25bps rate hike, index did not see any damage, which is certainly an encouraging sign. Nifty future closed on Wednesday at 11341. After the RBI monetary policy event on Wednesday, on Thursday nifty started on a weak note mainly on the back of some corrective moves seen in the global markets. However, as the sell off aggravated globally, our markets started to feel the rub off effect of the same and hence, we witnessed sustained weakness throughout the day to shed nearly a percent; becoming the weakest session after July 16. The Nifty future has ended at 11282.

NIFTY VIEW ON 03 AUG 2018

Strong global cues lifted the market sentiments on week ended Friday. The nifty future has started from 11306 made a high of 11365. For nifty future intraday support will be 11290 & resistance will be 11375.

HDFC, Reliance Industries, HDFC Bank, Kotak Mahindra Bank and Tata Consultancy Services contributed to the gain in market.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 3 AUG 2018

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Market has ended the day on bearish note, following weak global cues as well as profit booking in the market. The Sensex ended over 350 points lower, while the Nifty came down to 11250 as well. The Nifty index opened in the negative and witnessed selling pressure for most part of the session on Thursday. It finally negated the formation of higher highs and higher lows after nine consecutive sessions and drifted towards the 11235 level.
On Friday, the market is likely to see a quiet to modestly positive start. Though the market remains buoyant, it continues to be overbought and slightly overstretched on certain

NIFTY TRADING TIPS 02-08-18

NIFTY contd forward march in morning trading session and touched the record high of 11390

But there was sudden downfall in noon session where in we saw nifty trading at the levels of 11341 and finally settled at 11350.Tomorrow again the bulls will take the charge and we may see nifty struggling to cross the resistance level of 11400.but if it manages to do so the next hurdle of bulls will be 11450

The domestic stock market indices closed Wednesday's session on a negative note after Reserve Bank of India (RBI) raised interest rates for the second straight meeting today. The S&P BSE Sensex slipped 84.96 points, or 0.23 per cent, to close at 37,521.62. The NSE's Nifty50 index tripped 10.30 points or 0.09 per cent and settled at 11,346.20. The loss in equity indices were pulled down by financial and auto stocks.

NIFTY OUTLOOK FOR 1 AUG 2018

Nifty future buy call given in last post achieved first target 1377 and sail call contd. to hold for target.

It was tough day for bulls. Bulls could not continue the good start of nifty but at the end bulls again came in to the picture and managed to settle above 11375 support level. Nifty future has started the day at 11330 made a high of 11379 and low of 11290 & finally closed the day at 11375. The Nifty had formed an Inside Bar on the weekly chart in the penultimate week. Last week, the pattern broke out on the upside, leading to significant upside.