NIFTY OUTLOOK FOR MONDAY 29-SEP-2014

Buy Unitech Future Above 20.80 Tgt 21.40/21.80 Sl 20.20

Buy SBIN 2400 Put@ 38 Tgt 52/69 Sl 21

On the week ended Friday a smart recovery was seen in the market. Today was the first trading session of October series. See-saw movement was witnessed in market today. Nifty was shuttling between the levels 7841-7993 in early trade after opening lower nifty slipped into the red. Nifty hit its lowest level in more than two weeks. The market alternately swung between gains and losses in mid-afternoon trade. Today nifty future opened at 7956 made a high of 8057 and low of 7897 and closed at 8033. Total 160 points was played by nifty future throughout the day.

BANK NIFTY TECHNICAL REPORT & FORTH COMING STRATEGY

With Nifty and BankNifty trading choppy since last few trading sessions, We though to come out with a Technical report on BankNifty which could help our subscribers.

The whole Chart structure post 16^th May 2014 (General election result outcome) seems to be of time-wise consolidation and once this consolidation is over, BankNifty could be out of woods and resume its upward trend

While analyzing the daily charts of “BankNifty” We found the Index could bounce back in case it dips to 15430-15700 zone owning to confluence of supports at lower levels

~ Trendline 1 support is placed just above 15400 levels.

~ Trend line 2 support is placed just above 15550 levels.

~ Neckline support of the “Inverse Head and Shoulder Pattern” is placed at 15460-15500 levels.

NIFTY FUTURE OUTLOOK FOR TUESDAY 23 SEP,2014

Tatamotor Call given in previous post achieved all the targets..!!!!!!

Buy ICICI Bank Future Above 1575 Tgt 1588/1602 Sl 1562

Sell DLF Future Below 165.80 Tgt 164.40/162.20 Sl 168

Volatility was witnessed the market today.Both the key indices Sensex and Nifty, which were struggling to maintain 27,000 and 8,100 levels in early trades, managed to close above these levels . Nifty, after slipping below the 8100 mark to touch a low of 8,064 , bounced back to close 24 points higher at 8,146…After opening lower at 8084, Nifty future made a low of 8076, but in the second half nifty future rose up and made a high of 8176 and closed at 8153.

NIFTY FUTURE OUTLOOK FOR FRIDAY 19-SEPTEMBER-2014

Buy Tatamotors 540 Call @ 3 Tgt 4.80/6.50 Sl 1.20
Sell SBIN Future Below 2615 Tgt 2595/2575 Sl @ 2635
Bulls are back in the action…!!! The Indian markets staged a strong comeback in trade today after a weak start. As the concerns of earlier-than-expected hike US interest rates eased, bulls took the charge. Fresh buying and bout of short-coverings helped the Nifty cross 8,100 marks. A very strong recovery was there in the market. Nifty crossed the level of 8100.Today nifty future started at 7964 made a high of 8143 and low of 7956 and closed at 8132. Total 187 point was played by nifty future throughout the day. 

NIFTY FUTURE OUTLOOK FOR THURSDAY 18 SEPTEMBER, 2014

The bear are on track; Nifty future started at 7994 but could not sustain this level and dropped till 7962.It made a high of 8010 at the time of closing it tried it tried to get recover & Finally ended at 7992 Total 48 points Was played by Nifty future throughout the day.Whole day one positive thing was there, that nifty won't brake down the level of 7950 t.In case, there is for strong recovery in the market, the Nifty future needs to get past the first critical supply zone between 8020 and 8050 range. Once again, the level of 8035 comes now if the index remains below this level it would signal a new phase of weakness coming in, which, by the way, is all but natural due to US Fed two-day policy meet which ends later today.

NIFTY FUTURE OUTLOOK FOR WEDNESDAY 17 SEP. 2014

The index was in another wide ranging day on the down side it would be in a grip of the bears. Bears have made nifty below 8000 today, Nifty future started at 8051, it made a high of 8056 and a low of 7952 in intra-day trade and closed at 7956, total 100 points was moved by nifty future throughout the day. Now, even if there is a pause and no hint of a quick withdrawal of the liquidity tightening measures recently announced, the market will still fall.

NIFTY OUTLOOK FOR TUESDAY 16-SEPTEMBER-2014

Market movement was completely bearish throughout the day. After opening at 8100 nifty future slipped down due to losses in bluechips tracking tepid China data and US rate hike fears, even as August domestic inflation eased to nearly 5-year low. Today nifty future started at 8100,it  was the highest level of nifty for today. Then after that nifty slipped down at 8048, at the time of closing it tried to recover but was failed and nifty future closed at 8058. Total 42 points was moved by nifty future throughout the day.

NIFTY FUTURE OUTLOOK FOR MONDAY 15- SEPTEMBER-2014

Key benchmark indices eked out small gains on last trading session of the week as the rupee edged higher against the dollar. Nifty future started at 8111 made a high of 8148 and low of 8096 and closed at 8140 total 52 points was played by nifty future throughout the day.

The Nifty too managed to close well above the 8,130 mark last passed week.
Movement over the past week indicates that the index wants to forge ahead in the short term.