NIFTY OUTLOOK FOR TUESDAY 28-APRIL-2015

The National Stock Exchange Nifty fell below its 200-day moving average for the first time in nearly 15 months, led by declines in blue chips on continued worries about retrospective taxes and lower-than-expected January-March earnings so far. The Nifty declined as much as 1.01 per cent to break its 200-day moving average of 8254 for the first time since February 6, 2014. The benchmark Sensex fell as much as 0.8 per cent. CNX Nifty loses 1.10%, or 91 points, to end at 8213.
This nifty index, , looks quite vulnerable; if it will fall below 8200 then we could see a big fall could be on the way, which would lead the Nifty to test 8150 through 8100-level major support area. For tomorrow, the level of 8150 is a very critical support to watch out for; if the bears are able to take it out more depth charge likely, and the above-mentioned major support could well be under severe test. In any case, this level of 8200 would continue to be the last line of outer defense of the bulls before its inner citadel of 8100 comes under fire. Any decisive breach below the level of 8000 would mean the medium term uptrend for the nifty coming under threat of a possible termination—however, unpalatable it may sound to the perma-bulls!

NIFTY TECHNICAL REPORT FOR NEXT WEEK 27-APRIL-2015

While analyzing the Daily charts of “NIFTY”, we 

found that the Nifty is in “Bullish trend”

Sensex falls over 300 pts, Nifty close below 8300. The market has slipped further after Infosys announced lower-than-expected March quarter results. The Sensex is down 310.70 points or 1 percent at 27424 and the Nifty is down 102 points or 1 percent at 8295.  About 657 shares have advanced, 2014 shares declined, and 146 shares are unchanged. Nifty rallies beyond 8500, and in doing so, breaks above the trend line from the top of 8536 level then, and only then we could rule out this extreme view and start considering a very aggressively bullish stance on Nifty and that would have its targets at 8800 on Nifty.

INFOSYS RESULTS : FRIDAY 24 APRIL 2015

Infosys Q4 profit seen down 2.7%, revenue may be flat.... 
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NIFTY OUTLOOK FOR FRIDAY 24 APRIL 2015

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On Friday market was very volatile. The nifty future opened with a huge gap-up at 8478. However, it failed to sustain at higher levels and reversed sharply lower after recording a high of 8504. The nifty made a low of 8361 and is again bouncing back from there and closed at 8398.

NIFTY OUTLOOK FOR WEDNESDAY 22 APRIL 2015

Volatility was witnessed there in the market today. Nifty opened at 8416 made a high of 8469 and low 8352 and closed at 8377 total 117 points was played by nifty throughout the day.Concern over earnings of companies, and the retro-tax for FIIs issue spooked the market hard: back to back another triple digit falls in the Nifty; this also happens to be the steepest fall for the year to date. Our reading of the market was spot on—the technical signs were all too apparent that a fall would be quite likely and it did. However, this was a kind of panic selling that we saw, our understanding is that we have reached a strong support zone, and given the buoyant mood in the US there is likely to be some pullback rally in our market

NIFTY VIEW FOR 21 APRIL TO 24 APRIL 2015

"BUY NTPC ABOVE 161 TGT 170 SL 152"

"SELL L&T FINANCE BELOW 64.00 TGT 61.50 SL 66.00"

Indian market ended the day in red ahead of the Vote On Account on Monday. The Sensex ended the day at 27886, down 555 points. The broader 50-share Nifty closed session below 8500; at 8448 , down 157 points. while the NIFTY lost 83 points to close at 6001. Contraction in industrial output for the third straight month and fears of another rate hike caused selling pressure among investors.The Indian market is likely to make a soft opening today tracking mixed global cues. The early indicator, SGX Nifty was up 33 points at

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NIFTY OUTLOOK FOR FRIDAY 17 APRIL 2015

Tomorrow will be the result for Reliance.... For outlook on Reliance result or view on different stocks please visit CASH TRADING TIPS 
The market saw a sort of a meltdown in today’s trading session—the index fell sharply and hit the low of 8645 only to recover a little to close at 8706. Sensex on Thursday fell over 133 points to close at a one-week low of 28666. With IT shares coming under selling pressure on caution ahead of TCS results. Nifty also dropped by 43 points to end at 8706 after shuttling between 8760 and 8645 intra-day. Despite the fall being so sharp and widespread, neither the bears nor the bulls had the required confidence to really build more positions primarily due to the fall happening in today’s session; this is borne by the fact that both the call and the put options saw significant unwinding during the session. What we saw on the end-of-day bar chart is a one-day bar reversal at the top. Secondly, the same pattern—in this case—also shows a bearish engulfing pattern at the top: Thus, the overall impact is likely to be negative since the price bias is clearly bearish.