NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 MARCH 2017

Market remained on the backfoot for the second straight session today ahead of release of GDP data as the Sensex slipped another 70 points to 28743. Investors waited for the December quarter GDP data to find out if demand took a knock following Prime Minister Narendra Modi's surprise decision to recall high-value currency notes in November last year. The sensex which had lost 80 points in the previous session, fell further by 69 points to 28743 after shuttling between 28876 and 28721. The Nifty eased by 17 points to close at 8879. It moved between 8914 and 8867 intra-day.

NIFTY WEEKLY REPORT FOR 27 FEB TO 03 MAR 2017

WEEKLY RESISTANCE FOR NIFTY: 8938, 8981, 9012, 8942

PIVOT POINT: 8895

WEEKLY SUPPORT FOR NIFTY :  8865,8834,8791,8748

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8960, 8972, 8989,8905

PIVOT POINT: 8948

DAILY SUPPORT FOR NIFTY :  8932, 8915, 8903,8891

DAILY CHART FOR NIFTY

Sensex opened the week at 28481, made a high of 29065, low of 28419 and closed the week at 28892. Thus it closed the week with a gain of 424 points. At the same time the Nifty opened the week at 8818, made a high of 8982, low of 8809 and closed the week at 8939. Thus the Nifty closed the week with a gain of 118 points.Indian equity, forex, money will remain closed today to observe Mahashivratri. The market on Thursday settled flat after a smart rally thanks to gains in IT and telecom stocks on the expiry of February derivative contracts.The Sensex crossed its crucial psychological of 29,000 in intraday trade, while the Nifty also went above its 52-week high for the first time since September 2016.

RELIANCE JOINS THE BULL PARTY.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 23 FEB 2017

The Sensex rose on Wednesday as Reliance Industries climbed to a near 8-year high after investors welcomed plans by its telecom unit to start charging customers for services. Nifty closed at 8926 levels, up by 19 points; while Sensex closed at 28864 levels, up by 103 points. Investors were however expected to remain cautious ahead of the release of minutes from a policy meeting by the Reserve Bank of India earlier this month when it held interest rates steady, unexpectedly shifting its policy stance to “neutral” from “accommodative”. The overall sentiment in the market remains positive and we can expect to see the indexes touching new highs soon.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 22 FEB 2017

Nifty hits 8900 for the first time since September 9, 2016. Nifty managed to settle marginally higher in a volatile session today. The first half was dull but rebound in select banking majors in latter half fueled the momentum. Amid all, participants were busy in rollover and unwinding their derivatives positions. The Sensex closed higher on Tuesday, while IT stocks extended gains following a share buyback plan by Tata Consultancy Services Ltd. Sentiment was broadly cautious with Asian shares largely flat after a holiday in the US markets on Monday. The Sensex closed higher by 100 points to 28762, while the Nifty rose 29 points to 8908.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 21 FEB 2017

The Sensex surged over 126 points and Nifty reclaimed the 8800-level in early trade today as domestic investors and foreign funds indulged in sustained buying ahead of key industrial output numbers to be released later in the day.  Besides, better-than-expected earnings by some more companies also fuelled the positive sentiment.  Lacklustre quarterly readings of a few Nifty companies kept sentiment depressed. On top of it, rush to take profit at the fag end of trading washed off much of the initial gains. The Nifty, which rescaled the 8800 mark and touched a high of 8822 intra-day, finished at 8793, up 15 points.

NIFTY WEEKLY PREDICTION FOR 20 FEB TO 23 FEB 2017

 WEEKLY RESISTANCE FOR NIFTY: 8786, 8846, 8876, 8905

PIVOT POINT: 8757

WEEKLY SUPPORT FOR NIFTY :  8727,8697,8667,8608

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8849, 8865, 8885,8904

PIVOT POINT: 8832

DAILY SUPPORT FOR NIFTY :  8790, 8777, 8760,8724

DAILY CHART FOR NIFTY

Sensex opened the week at 28355, made a high of 22575, low of 28122 and closed the week at 28440. Thus it closed the week with a gain of 115 points. At the same time the Nifty opened the week at 8836, made a high of 8872, low of 8727and closed the week at 8826.Thus it closed the week with a gain of 22points.Indices settled the day higher, gaining for the fourth straight week driven by financials even after RBI put HDFC Bank back in the FII ban list.The Central Bank said the private bank has crossed overall limit of 74% of its paid-up capital and no further purchases of shares the bank would be allowed via exchanges for FIIs. It had allowed foreign investors to resume buying in the private bank earlier.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 FEB 2017

Market Sensex surged by 146 points today to close at 28301, snapping a two-session losing run as IT stocks led the recovery after TCS said its board will consider share buyback next week. The Nifty rose 53 points to 8778.  The Sensex, after opening on a strong note at 28,223.85, succumbed to profit-booking and slipped into the negative terrain to hit the day's low of 28146 before bouncing back to close higher by 145 points at 28301. It touched an intra-day high of 28327. The gauge had lost 196 points in the last two days. The Nifty gained 53 points to 8778. Intra-day, it shuttled between 8783 and 8719.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 FEB 2017

The Sensex extended its losses for the second straight day, falling over 69 points on Wednesday on sustained selling by investors amid disappointing corporate earnings. The Sensex fell further with auto, realty, healthcare and consumer durables stocks leading the fall. The gauge had lost 12 points in the previous session.  The Sensex closed lower by 184 points to 28156, while the Nifty 50 fell 68 point to 8725. Despite positive cues from Asian and European markets, Indian stocks trade lower today, with investors continuing to press sales, amid concerns about near term economic outlook and on some disappointing quarterly results.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 FEB 2017

"YESBANK FUTURE ACHIEVED 1^ST TGT"

"HINDALCO  NOT EXECUTED"

Market ended flat with a negative bias on Tuesday, mirroring weak Asian markets and mixed cues from Europe, as investors awaited Fed chief Janet Yellen's testimony before Congressional committees today and tomorrow. The Sensex finished down 12 points at 28339, dragged down by auto stocks. The Sensex touched a high of 28386 points and a low of 28263 points during the intra-day trade. The broader Nifty index fell by 12 points to 8792.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 14 FEB 2017

"BUY YESBANK FUTURE ABOVE 1458 TG 1469/1484 SL 1447"

"SELL HINDALCO FUTURE BELOW 183 TG 181.2/177.4 SL 186"

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The week has started on positive note. Today market showed a range-bound movement wit  positive bias as investors are awaiting CPI inflation data today. The Sensex inched up by 17 points to close at 28351, while the Nifty went past the 8800 level. The Index slipped to touch a low of 28197 before settling 17 points, higher at 28351. The Nifty too settled 11 points higher at 8805 after shuttling between 8826 and 8754 level. Due to a slowdown in demand on account of demonetization, the CPI inflation is likely to moderate further and it will not create much impact on RBI to change their current neutral stance. Focus will be on earnings and a revival in demand with realization growth.

NIFTY WEEKLY PREDICTION FOR 13 FEB TO 17 FEB 2017

WEEKLY RESISTANCE FOR NIFTY: 8819, 8848, 8875, 8900

PIVOT POINT: 8790

WEEKLY SUPPORT FOR NIFTY :  8764,8737,8700,8679

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8823, 8840, 8864,8890

PIVOT POINT: 8811

DAILY SUPPORT FOR NIFTY :  8780, 8767, 8743,8700

DAILY CHART FOR NIFTY

Sensex opened the week at 28426, made a high of 22469, low of 28168 and closed the week at 28325. Thus it closed the week with a gain of 457points. At the same time the Nifty opened the week at 8808, made a high of 8843, low of 8732and closed the week at 8809.Thus it closed the week with a gain of 137points.Indices settled the day flat even ahead of December factory output later today on hopes of reviving economy. The factory output grew by 5.7% in November even after the note ban announced by PM NarendraModi. Sentiment was also affected as Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data.Nifty continued to hover around 8,800 levels.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 FEB 2017

Market erased early losses to close modestly higher on Thursday, with IT stocks taking the lead after recent steep losses on worries over H1B visa policy changes in the U.S.

The Sensex rose 39 points to 28329, snapping two days of losses. The Nifty index added 9 points to finish at 8778. The Sensex which opened at 28349 points, traded at 28281 points down 8 points, from the previous close at 28289 points.  The Sensex has so far touched a high of 28469 points and a low of 28152 points during intra-day trade.

NIFTY PREDICTION & FREE NIFTY CALLS FOR 8 FEB 2017

"BUY LT FUTURE ABOVE 1500 TGT 1508/1517 SL 1488"

"BUY BANKNIFTY 20300 9 FEB PUT @ 120 TGT 166/189 SL 40"

The market snapped its four-day winning streak driven by the Union Budget, as investors turned cautious ahead of the outcome of the two-day monetary policy committee meeting due Wednesday. The Sensex fell 104 points to 28335 and the Nifty declined 33 points to 8768 on profit booking after rising 3% each in previous four consecutive sessions. The consolidation to continue on Wednesday as the market seems to have priced in rate cut that is likely in forthcoming monetary policy on February 28. Investors are stepping back due to the uncertainty over FOMC rate hike, US policies and rising crude price which could impact inflation and rupee movement which consequently cast a shadow over the future RBI decision.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 FEB 2017

“BUY WOCKPHARMA ABOVE 720 TGT 735/745 SL 700”

“SELL WOCKPHARMA BELOW 699 TGT 685/675 SL 720”

The Budget-induced optimism got a leg to stand on as the Sensex today pushed higher for the fourth day by scoring 199 points to close at 28439 a 4-month high after hopes built up that RBI might go in for a rate cut at the Wednesday’s policy meet. The NSE Nifty retook the crucial 8,800-mark today. Benchmark indices ended at 5-month closing highs on Monday, with the Sensex rising 198 points to 28439. The Nifty gained 60.10 points at 8801. We have looked at the three year data of Sensex and Nifty performance a week after the budget announcement. Looking at the trend, the markets have not disappointed atleast for a week post the Budget since 2014.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 3 FEB 2017

There was some consolidation In today's trading session after the moves we saw yesterday. Nifty was oscillating in the positive and negative territory in the morning. Markets have shown an upward movement afternoon trading session. It touched a high of 8757 levels, up by 40 points. Nifty closed at 8734 levels, up by 18 points; while Sensex closed at 28226 levels, up by 85 points. Nifty and Sensex closed at four months’ closing high.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 FEB 2017

The market recovered the lost ground as finance minister Arun Jaitley made no reference to long-term capital gains tax on equities, and also set a comfortable fiscal deficit target of 3.2% for the fiscal year 2017-18. After the Budget speech, the Sensex gained over 400 points to reclaim 28000 level, while NSE Nifty surged above its crucial 8650 mark.

FOLLOW UP OF STRIP OPTION STRATEGY FOR BUDGET 2017-18

OPTION STRATEGY GIVEN ON OPTION TRADING TIPS BLOG

 

"BOOK BOTH LOT NIFTY 8600 PUT NEAR 189"

 

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 FEB 2017

The Nifty in closing hours is struggling to touch 8600 levels on the higher side, whereas Sensex showing the same trend and finding it difficult to reach 27,800 levels. There were signs of anxiety in the market as the Sensex on Tuesday slumped 194 points ahead of the budget—to be presented on Wednesday—to a one-week low of 27656 and the Nifty slipped below 8600 after the Economic Survey projected a lower growth of 6.5% for 2016-17. The Sensex closed down 193 points, at 27655, its lowest closing since 24 January when the figure was 27375. It had lost 33 points in the previous session. The Nifty, which hit a low of 8552 intra-day, managed to cut down losses and ended lower 71 points at 8561.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 31 JAN 2017

FOR BUDGET SESSION WE HAVE GIVE THE STRATEGY TO CHECK THAT PLZ VISIT OPTION TRADING TIPS

Market ended rangebound session flat with a negative bias on Monday as investors turned cautious ahead of the Union Budget on February 1. The market fell for first time in last five consecutive sessions, partly due to weak global cues. The Sensex lost 32 points to close at 27849. While the Nifty ended below the 8650-mark at 8632, Intra-day, it traded between 8617 and 8662. Markets are a little wary of what lies in the budget and have probably have rallied too far on the assumption that some good is in the offing.

NIFTY NEXT WEEK PREDICATION FOR 30 JAN TO 03 FEB 2017

NIFTY CALL GIVEN IN LAST POST ACHIEVED ALL THE TGTS ROCKING NIFTY CALL
WEEKLY RESISTANCE FOR NIFTY: 8602, 8692, 8739, 8785

PIVOT POINT: 8512

WEEKLY SUPPORT FOR NIFTY :  8466,8419,8329,8239

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8700, 8727, 8755,8784

PIVOT POINT: 8670

DAILY SUPPORT FOR NIFTY :  8656, 8635, 8613,8564

DAILY CHART FOR NIFTY

Nifty posts biggest weekly gain in 8 months

Sensex opened the week at 27204, made a high of 27961, low of 27015 and closed the week at 27868. Thus it closed the week with a gain of 834points. At the same time the Nifty opened the week at 8369, made a high of 8698, low of 8366and closed the week at 8672.Thus it closed the week with a gain of 271 points.Nifty settled the day on a higher note, extending gains for the fourth day straight, as investors remain optimistic ahead of the Union Budget next week. Better than expected corporate earnings also aided the sentiment.Nifty hovered around the all-crucial 8650 level before closing below it.

Nifty Headed Towards 9000 Levels, Go Long At Every Dip For Now

Indian Stock Market is still in positive zone. Now, Nifty is headed towards 9000 levels. We would see some profit booking that would be temporary in nature. 8510 is a monthly reversal levels. Since we have 2 trading sessions left for the JAN month, hence if Nifty closes above 8510 levels in next 2 trading session then we would see levels of 9000 breaching in the month of February itself as Nifty would see monthly reversal from the downtrend. FIIs have seen a good buying in cash and future segment in last trading session. Friday, a new F&O contract was started and FII seen a stable buying today also, then there would be no major resistance for Nifty before 9000 levels. Market has consolidated for almost 2 years and this year can be a major breakout level.

If Union Budget is neutral or positive, we may see sharp positive rally that would stop after making new highs. Banking sector would be a major driver for Nifty. But there is a small caution of monthly levels for Nifty. Nifty if closed below 8510 levels in next 2 trading sessions then we would see a sharp fall after Union Budget. After a sharp positive run for last couple of days, we expect some profit booking near resistances but traders can continue to hold long positions and buy at every dip in the market for now.