NIFTY TECHNICAL REPORT DAILY&WEEKLY CHARTS FOR NEXT WEEK 06-07 -2015

DAILY RESISTANCE FOR NIFTY: 8521, 8555,8647,8739

PIVOT POINT: 8463
DAILY SUPPORT FOR NIFTY :  8429, 8371, 8279,8187
DAILY CHAT FOR NIFTY: 

WEEKLY RESISTANCE FOR NIFTY: 8593, 8698,9004,9130

PIVOT POINT: 8392
WEEKLY SUPPORT FOR NIFTY :  8287, 8086, 7780,7474
WEEKLY CHAT FOR NIFTY:

Sensex rose by 147 points to again rally past 28,000-mark. Nifty surged 40 points or 0.47 per cent to close at 8,484 after hovering between 8,497 and 8424 during the session. sensex After a hesitant start, it recouped the 28,000-mark to hit the day's high of 28,135. before settling at 28,092, showing a recovery of 147 points or 0.53 per cent.Indian shares hit their highest in 2-1/2 months on Friday and posted their third consecutive weekly gain given a Greece default is seen as factored in, while better-than-expected progress of the monsoon also helped sentiment.

NIFTY OUTLOOK FOR MONDAY 6 JULY 2015

The Indian benchmark indices ended higher in trades on Friday led by buying in banking and capital goods stocks. The sentiment was lifted by reports suggesting a better-than-expected progress of the monsoon. The Sensex advanced 147 points to close at 28092 and the Nifty advanced 40 points to shut shop at 8485. Nifty is hovering near its psychological level of 8500, thanks to brisk buying seen in the stocks of banking and pharma sectors. For the most part of the day the Sensex and Nifty traded on a firm note on the back of gains in banking and capital goods stocks.

NIFTY OUTLOOK FOR 3 JULY 2015

There is every likelihood a higher high today compared to yesterday: we are probably going to see the nifty getting past 8470 and trying to scale up to even the 8500-mark in the tomorrow’s session. Now, if the bulls are able to hold the index above 8468 then they would try to get past the 8500-mark as well. Beyond the coveted 8500-mark, three resistance levels are worth watching out for 8526, 8550 and 8589 before it hits the 8600-mark as well. On the downside, so long as 8383 is held there is not much to worry for the bulls while they would use dips to buy more and push things higher. 
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RESISTANCE: 8500, 8550, 8600 
SUPPORT:  8450, 8400, 8350          

NIFTY OUTLOOK FOR TUESDAY 2-JULY-2015

Today on 1 July 2015 it was a super rally supported by some firm macro data. The Sensex was up 240 points at 28020, and the Nifty added up 84 points at 8453. Nifty zoomed past the 8450-level, to hit a high at 8482. The Sensex provisionally closed 249 points higher at 28030 and Nifty jumped 95 points to provisionally shut shop at 8463.

The Nifty looks bullish despite closing near a significant resistance zone between 8465 and 8485. This is the most critical supply zone the bulls need to take out decisively; once they are to do it the index could well be headed for the coveted 8500-mark or even higher.

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.