NIFTY TECHNICAL REPORT & FORTH COMING STRATEGY

NIFTY TECHNICAL UPDATE

We have seen some technical parameters happening on the Charts which make us believe that we could be out of wood after weeks of uncertainty and random movements 

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NIFTY OUTLOOK FOR TUESDAY 21-OCT-2014

On Monday Sensex and nifty both opened very higher due to, the government took its first reform steps after it came to power, followed by state election results which favoured the ruling Bharatiya Janata Party at the Centre.

After opening higher market movement become range bound. Nifty opened at 7896. Made a high of 7905 and low of 7856, total 49 points was moved by nifty throughout the day. Index swung between the gains and losses near the flat line in afternoon trade. The Nifty ended at 7,879.

NIFTY OUTLOOK FOR MONDAY 20-OCT-2014

Buy Tatamotors Future Above 480 Tgt 483.90/486.50 Sl 476

Buy Tatasteel 420 Put @ 3.20 Tgt 4.90/6.70 Sl 1.20

Volatility was witnessed in the market today. Nifty rose on Friday and touched the 7800 mark, led by stocks of domestic oriented companies including lenders such as HDFC Bank on value buying and hopes a likely win for the BJP in two recent state elections would help push key reforms. The Sensex rose 109 points, to end at 26,108.The Nifty rose 31 points, to end at 7,779. Nifty opened at 7733 made a high of  7819 and low of 7723, total 96 points was moved by nifty throughout the day.

Market is expected to remain volatile in the upcoming holiday-truncated week, amid the state election outcome due on Sunday, ongoing July-September corporate results and global events such as China's quarterly GDP on Tuesday. A very good trading session we are expecting for Monday...The Nifty is vacillating near about 7775 level. Bulls will try to achieve the target of 7800-7830 once this levels is taken out convincingly, the chances will become bright for touching the level 7,900 while on lower side it has a strong and immediate support of 7750-7720.

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RESISTANCE: 7780, 7810, 7840

SUPPORT:  7750, 7720, 7690

NIFTY OUTLOOK FOR TOMORROW 17-OCT-2014

Weakness in the US markets pushed the Nifty index below its crucial psychological support level of 7800 and Sensex below 26000 on Thursday, led by a sell-off in European markets. The Nifty index plunged over 100 points in the last half-an-hour of trade, while the Sensex suffered losses of over 300 points in trade today. The Nifty ended at 7,748 down 115 points. It touched a high of 7,893 and a low of 7,729 in trade today. 

NIFTY OUTLOOK FOR THURSDAY 16-OCT-2014

The benchmark Sensex today washed out initial gains and ended nearly 35 points down at 26,349 on selling in realty, IT, consumer durable shares amid investors adopting caution ahead of key state elections.  Nifty also moved down by 20 points to end at 7,864. A late short-covering rally in the market changed the picture for the Nifty. While we did anticipate a short covering rally but never thought it to be so powerful.

NIFTY FUTURE OUTLOOK FOR TOMORROW 14-OCTOBER-2014

The Indian markets made a smart recovery in noon trade after falling more than 200 points in early deals. Recovery was seen on the back of buying witnessed by the IT heavyweight stocks like Infosys and TCS. The Nifty also recovered by 24 points, to 7,884. It shuttled between 7,796 and 7,901 during the session.

The nifty future today started at 7835 made a high of 7929 and low of 7817 and closed at 7911, total 112 points was played by nifty future throughout the day. For tomorrow we are likely to see bullish momentum in the market. Bulls will take nifty future above 7935-7950

NIFTY OUTLOOK FOR MONDAY 13 OCTOBER,2014

After yesterday’s recovery today again market slipped into the red. Weakness in global stocks triggered a sell-off on the domestic bourses on last trading session of the week. Sensex was provisionally down 325 points at 26,312. In the foreign exchange market, the rupee edged lower against the dollar as equities dropped. The nifty index also slipped below the level 7900. The Nifty closed at 7859, down 100 points .It touched a high of 7924 and a low of 7848 in trade today. Total 76 points was played by nifty throughout the day.