NIFTY OUTLOOK FOR WEDNESDAY 1 JULY 2015

Indian market has outperformed in spite of the correction in global markets due to the Greece issue.After a day of volatility, the market finally ended with a bang. The Sensex closed up 135 points at 27780, and the Nifty was up 50 points at 8368. Indian markets had traded flat for the most part of the session before rising in late trade on hopes of a Greece deal. In a volatile session, the 30-share index, which swung between gains and losses, finally settled higher by 135 points, at 27780. Intra-day, it shuttled between 27814 and 27570. Nifty, after moving both ways, ended higher by 50 points, at 8368.

NIFTY OUTLOOK FOR TUESDAY 30 JUNE 2015

The Indian markets ended Monday's volatile trading session on a weak note. The Sensex fell 167 points to settle at 27645 and the Nifty slipped 63 points to shut shop at 8318. Nifty after dipping below the 8200-point mark, recovered most of losses to close 62 points or 0.75 per cent down at 8318. Intra-day, it shuttled between 8195 and 8329.
In the intraday deals, the Sensex witnessed a gap down opening and fell over 600 points and the Nifty slipped below its crucial psychological level of 8,200 as Greece looked set to default on its debt repayment this week, sparking concerns about foreign selling in emerging markets. 

NIFTY TECHNICAL REPORT & DAILY CHARTS FOR NEXT WEEK 29-06 -2015

DAILY RESISTANCE FOR NIFTY: 8414, 8450,8523,8596
PIVOT POINT: 8377
DAILY SUPPORT FOR NIFTY :  8341, 8304, 8231,8158
DAILY CHAT FOR NIFTY:

WEEKLY RESISTANCE FOR NIFTY: 8469, 8542,8724,8906 

PIVOT POINT: 8360
WEEKLY SUPPORT FOR NIFTY :  8287, 8178, 7996,7814
WEEKLY CHAT FOR NIFTY:

 
 It was a weak start to the July series on Friday as investors remained cautious ahead of Greece deal talks. Sensex gained 495 points to close the week at 27,811, the 50-share Nifty surged 156 points to end the week at 8,381 . strong monsoon till date, bulls remained heavy on domestic equity market as key benchmark indices Sensex and Nifty surged around 2 per cent for the week ended June 26. In the BSE index, Maruti Suzuki India, Aurobindo Pharma, Glenmark Pharmaceuticals and Hindustan Petroleum Corporation touched all-time highs during the week.

NIFTY OUTLOOK FOR MONDAY 29 JUNE 2015

Slippery start of July series…!!!! The Indian equity market ended with minor losses on Friday amid a highly volatile trading session. Indices today traded on a slippery note on the first day of the July series on account of profit-taking following the recent rally and uncertainty surrounding the Greece crisis. This week, Sensex moved up by over 450 points as concerns on monsoon receded temporarily. For the next week, domestic equity market will remain volatile due to continued talk between lenders and Greek government. Today buoyed by strong monsoon till date, bulls remained heavy on domestic equity market Sensex and Nifty surged around 2 per cent for the week ended June 26. The markets ended on a weak note in trades on Friday on the back of selling in most of the sectors barring IT. The intra-day recovery fizzled out towards the end of the trading session owing to the weekend factor. The Sensex finally ended with a loss of 84 points at 27,812.The Nifty slipped to a low of 8,340, before rebounding into the positive zone for a brief while in noon deals. The Nifty eventually settled with a loss of 17 points at 8381.

NIFTY OUTLOOK & FREE NIFTY CALLS FOR FRIDAY 26-JUNE-2015

Today Nifty index reclaimed its crucial psychological level of 8350 and was trading with a positive bias. The markets ended higher on Thursday amid volatile trades owing to expiry of derivatives contracts for the month of June. The Sensex closed 166 points higher at 27896 and the Nifty advanced 37 points to shut shop at 8398. Nifty traded on very volatile note in trades today. In the intraday deals, the Sensex touched high of 27968 and low of 27635 and the Nifty moved in a range of 94 points.

NIFTY OUTLOOK & TRADING TIPS FOR 24 JUNE 2015

Nifty 8300 call given yesterday almost achieved 1^st tgt

The markets gained for eighth day in a row on Tuesday. Nifty was trading flat after it reclaimed the psychological level of 8350 .The Sensex advanced 74 points to close at 27804 and the Nifty jumped 28 points to shut shop at 8381. For the most part of the day, the Sensex and Nifty traded in a range bound fashion. The Nifty touched high of 8398 and low of 8334. The up-move in the markets came on the back of better than expected monsoon rains which will help lower inflation hence giving some head room to the Reserve Bank of India to cut interest rates further going ahead.

NIFTY OUTLOOK & NIFTY LIVE CALLS FOR TUESDAY 23 JUNE 2015

IFCI Call Given June 17, 2015 Achieved 1^st Tgt , Continue to hold for 2^nd tgt

"Buy Nifty 8300 Call @ 78 Tgt 112/145 Sl 25"

Today also the bulls are on the driver seat only. Putting up a good show for yet another session, local market ended with gains of around a percent which took both Sensex and Nifty above psychologically crucial 27700 and 8350 levels respectively. Buying was visible across the sectors in trades today.  The Sensex surged 414 points to close at 27730 and the Nifty advanced 128 points to shut shop at 8353. It touched a high of 8369 and a low of 8257 in trade today. For the most part of the day, the Indian bourses traded on a strong note and the Nifty crossed its 200-day simple moving average on the back of better than expected monsoon rains so far, reigniting hopes that the inflation will remain under control and will give head room to the Reserve Bank of India to cut interest rates.

NIFTY TECHNICAL REPORT & DAILY CHARTS FOR NEXT WEEK 22-06 -2015

DAILY RESISTANCE FOR NIFTY: 8269, 8292,8358,8424

PIVOT POINT: 8226

DAILY SUPPORT FOR NIFTY :  8203, 8160, 8094,8028

DAILY CHAT FOR NIFTY:  

WEEKLY RESISTANCE FOR NIFTY: 8242, 8327,8561,8795 

PIVOT POINT: 8093

WEEKLY SUPPORT FOR NIFTY :  8008, 7859, 7625,7391

WEEKLY CHAT FOR NIFTY:

Sensex extended its gain for sixth day in a row on Friday and rose 200 points or 0.74%  to close at 27,316. The Nifty gained 50 points or 0.62%  to end at 8,247. Sensex ended 3.3 per cent higher, while Nifty closed 3.03 per cent up for the week ended June 19. I would look at a retest of 8,200 on Nifty on the upside. It is a very important level on the medium term charts. To begin with, I will start with a positive bias. Once Nifty gets past 8,080, we would possibly be adding long positions. If 8,200 is crossed later, then we may be in for some short-term up move, other than a pullback or a short coverings rally. "There is a degree of expectations that with good monsoons the RBI might reduce interest rates in September-October.so may be positive interest in banking, automobile, capital goods, and oil & gas stocks.