NIFTY OUTLOOK & FREE NIFTY TIPS FOR TUESDAY 16 JUNE 2015

The market has ended with some smart gains. The markets ended today's trading session on a positive note. The Sensex jumped over 150 points and the Nifty closed above 8000 on the back of buying in auto, pharma and oil & gas and IT stocks. In the intraday deals, the Sensex touched high of 26729 and low of 26308 and the Nifty moved in a range of 113 points. Markets end on a positive note; the Sensex provisionally closed 144 points higher at 26569 and Nifty ended 24 points higher at 8007. Market sentiment being buoyed by the positive economic data that came late last week, and a floor that was provided by the significant support zone between 7956 and 7935 leading to a close just above the 7980-mark.

NIFTY & BANK NIFTY TECHNICAL REPORT DAILY CHARTS FOR NEXT WEEK 15-06 -2015

DAILY RESISTANCE FOR NIFTY: 8008, 8031,8092

PIVOT POINT: 7970

DAILY SUPPORT FOR NIFTY :  7947, 7909, 7848

DAILY CHAT FOR NIFTY:

DAILY RESISTANCE FOR BANK NIFTY: 17646, 17791,18189

PIVOT POINT: 17393

DAILY SUPPORT FOR BANK NIFTY :  17248, 16995, 16597

DAILY CHART FOR BANK NIFTY:

Nifty remained below 8000, Sensex was up 64 points at 26435, whereas the Nifty up 19 points, or 0.3 per cent, at 7,985 and made a low of 7932.and bank nifty up 1.3 percent at 17502 and made a low of 17140. After day’s consolidation, the market ended with marginal gains. Nifty edged higher in a choppy session on Friday, while still on course for a third consecutive weekly decline. Monsoon is clearly causing disappointments but the fact remains despite a few rate cuts since the beginning of the year, credit growth has not responded and is languishing below 10 percent. In addition, the RBI commentary suggests there aren't going to be further cuts. Fear has gripped the Indian market and traders are exiting long positions as their hopes of a faster economic recovery have got dashed amid weak corporate earnings, and prospects of sub-par monsoon.

Technical analysis for Nifty & BANKNIFTY future 

NIFTY
In last previous sessions, as we have predicted that in Nifty BEARS ARE ALSO CAN BE ACTIVE BELOW 8100 BEARS HAVE TARGET AT 8000. And nifty was achieved target of 8000. Nifty crashes below 8,000. the Nifty up 19 points, or 0.3 per cent, at 7,985 and made a low of 7932.and bank nifty up 1.3 percent at 17502 and made a low of 17140 on Friday. Technically Nifty future is looking bullish on long term weekly charts, Usually, 200-DMA represents strong support or resistance for the index and; now If nifty breach 200 DMA as a resistance level of 8227 on Monday then we can see  nifty in range of 8300&8400 in upcoming days, which could be the next support, BUT  The breaching of 8,000 support on the Nifty is making bears more confident of further declines in the coming days. Investors started scaling down their positions ahead of  IIP and inflation data to be released later in the day amid sustained capital outflows.Near-2%-fall of the Nifty has thoroughly negated the prior day’s rally. However, one last citadel for the bulls still remains  it is the potentially strong support zone between 7956 and 7935 this range held out in the last session but the moot point is that would it act as a floor for the market .

NIFTY OUTLOOK FOR MONDAY 15 JUNE 2015

Maruti calls given in the last post achieved 1^st tgt  

The market opened on a flat note and was volatile during the day.  The Sensex recovered over 54 points to close at 26425 on fag-end buying in some bluechips, led by banking, power and oil & gas sector stocks, and ahead of retail inflation and IIP data to be released today. However, concerns over a weak monsoon and slow credit growth, kept investors cautious. Sentiments were buoyed after Finance Minister Arun Jaitley said banks have promised greater rate cuts in coming weeks.

NIFTY OUTLOOK FOR FRIDAY 12 JUNE 2015

"Buy Maruti 3700 put @ 44 Tgt 62/85 Sl 20"
"Buy Sail 62.5 Call @ .90 Tgt 1.9/2.7"

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It was a rude shock for the market today. After the relief rally in previous session indices plunged to 8-months lows with the Nifty closing below the 8000-mark as selling pressure intensified in banking & financials, oil and auto stocks. Today's free fall in markets came a day. Domestic concerns once again came back to haunt the markets as worries over delay in monsoon resurfaced pulling down the benchmark Nifty below the crucial 8000 mark while investors took a swipe at banking shares. Nervousness was seen in the markets because of the delay in monsoon arrival. Investors are worried that a delayed rainfall could hurt growth and push up inflation.

NIFTY OUTLOOK FOR THURSDAY 11-JUNE-2015

Winning Wednesday! Nifty back above 8100 mark. Market staged a smart comeback after falling for seven straight days. The markets finally saw the light of the day as it snapped seven day losing streak. In fact, the longest losing streak since March 27, 2015 came to an end as the Sensex and Nifty closed above crucial 26800 and 8100 levels respectively with gains of over 1.25%. Meanwhile, Nifty future is completing 15 years on Thursday. Launched on 12 June 2000, the index had then opened at 1461 and has moved nearly 5.5 times in the past 15 years.Today Nifty surged past the 8150-level to a high of 8152 towards the fag end of the trading day, before settling with a solid 102 point gain at 8124.

NIFTY OUTLOOK FOR WEDNESDAY 10-JUNE-2015

The benchmark BSE Sensex dropped for the sixth day today to record its longest losing run in four months as foreign funds continued to offload shares on fears that below normal rains will result in higher inflation.The market is on a downward spiral since last Tuesday when Reserve Bank had cut repo rate by 25 bps, despite flagging concerns over economic recovery. Nifty today fell by 21 points or 0.27 per cent at 8022. Market continues to be above the crucial level of 8000 ahead of MSCI’s decision on whether to include China a shares in the EM index. This will be decisive in telling us if the market is likely to breach to lower levels.

NIFTY OUTLOOK & FREE STOCK CALLS FOR 9 JUNE 2015

FOR LIVE MARKET CALLS VISIT OUR BLOG STOCK TRADING TIPS 

The market ended on a dismal note as the Sensex was down 245 points at 26523. The Nifty slipped 70 points at 8044. Triggered by weaker-than-average monsoon estimates and selling pressure by foreign institutional investors, the Nifty fell for the six consecutive trading sessions on Monday. Nifty touched a high of 8131 and low of 8030.

NIFTY TECHNICAL REPORT FOR NEXT WEEK 08-06 -2015 & DAILY&WEEKLY CHART FOR NIFTY

DAILY RESISTANCE: 8173, 8234, 8331,8428 
DAILY PIVOT POINT: 8137 
DAILY SUPPORT:  8076, 8040, 7943,7846

DAILY CHART:

WEEKLY RESISTANCE: 8398, 8655, 8884,9084
WEEKLY PIVOT POINT: 8226 
WEEKLY SUPPORT:  7969, 7797, 7368,6939

WEEKLY CHART:

Technical analysis for Nifty future 
In last previous sessions, as we have predicted that in Nifty BEARS ARE ALSO CAN BE ACTIVE BELOW 8237 BEARS HAVE TARGET AT 8100. And nifty was achieved target of 8100.Nifty was again drag back indices to 200 EMA levels i.e below 8200 odd levels. So nifty also closed at 8114 and Nifty made low of 8101 intraday trade on Friday.  

Technically Nifty future is looking bullish on long term weekly charts, Usually, 200-DMA represents strong support or resistance for the index and; Nifty already broken the 200-day moving average on 2 june of 8330. and trading below that level post RBI outcome. so the markets was remain weak and made low of 8100, now If nifty breach 200 DMA as a resistance level of 8234 on Monday then we can see 8300, which could be the next support, now it may trade in range of 8500 and 8600 in near term while with the breaks of its support mark of 8234 .This Nifty weekly Log chart shows a pronounced uptrend within the blue channel trend lines. Still You can buy nifty positional for a target of 8600 with a stop loss of 8000.