NIFTY TECHNICAL REPORT DAILY&WEEKLY CHARTS FOR NEXT WEEK 13-07 -2015

DAILY RESISTANCE FOR NIFTY: 8416, 8447, 8523, 8599

PIVOT POINT: 8371

DAILY SUPPORT FOR NIFTY :  8340, 8295, 8219,8143
DAILY CHAT FOR NIFTY: 

WEEKLY RESISTANCE FOR NIFTY: 8522, 8659, 8894,9129

PIVOT POINT: 8424
WEEKLY SUPPORT FOR NIFTY :  8287, 8189, 7954,7719
WEEKLY CHAT FOR NIFTY:

TECHNICAL ANALYSIS FOR NIFTY

The Sensex gained 70 points to end at 27,644 levels and the Nifty climbed 28 points to end at 8,357 mark The index continues to be weak but the downward momentum seems to be waning, we can expect a corrective rally. Immediately, the 8416 mark is important for its acts as the initial test level for the bulls. The most critical levels for the day, however, rest between 8362 and 8384—this zone is the most potent supply zone, which would test the abilities of both the bears and the bulls, whichever party wins the contest would set the direction of the market. However, to qualify for the contest, the bulls would need to pass the first qualifying round at the level of 8416. In case the bulls fail again, sub-8300 levels in the Nifty would come into being.

Its a Spinning Top Candle Stick. Price almost Touched 50WMA. May be its a reversal Sign. If trades below 50WMA Bear may take Advantage.

NIFTY OUTLOOK FOR THURSDAY 9 JULY 2015

Selling was widespread in the market, which pulled down all the sectoral indices by up to 4%. Sensex broke below 28000 mark by tumbling 483 points to close at 27687

The broader NSE Nifty also succumbed to all-round selling and slipped below the 8,400-mark , close the session 147 points, to close at 8363 Nifty tanked 147 points to 8363, after an extremely volatile  session. Intra-day, it hovered between 8457 and 8341.

NIFTY OUTLOOK FOR 8 JULY 2015

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Indian market has an uncanny knack of mostly correctly anticipating the movement in the US market especially on tomorrow’s market there would show a reverse upswing. It exactly panned out that way: while the Dow might have closed 46 points down but it recovered well from the day’s low. The sentiment this morning in Asia is quite positive but the SGX July Nifty is trading down by just 2.5 points at 8531.50 as we write this Market Outlook. Chances are we would see higher Nifty levels of 8550 getting tested in today’s session.

FREE NIFTY TIPS OR NIFTY OUTLOOK FOR TUESDAY 07 JULY'2015

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"SELL TATAMOTORS FUTURE BELOW 428 TG 424,419  SL 434"

The resounding ‘No’ from the Greek Referendum is making its effects felt in the Asian markets (most are down by more than 1% sans China) even the Nifty is also affected—it is back to its opening levels around 8386 after touching a hitherto high of 8533, the volume though is not anything very big. The Sensex advanced 116 points to close at 28208 and the Nifty advanced 37 points to shut shop above its crucial psychological level of 8500 on the back of broad-based buying. In the morning trades, the Sensex fell over 300 points to hit intraday low of 27774 and the Nifty slipped below 8400 after Greece voted against the austerity measures proposed by its creditors raising fears that it could go out of the Eurozone. The market recovered smartly in afternoon trade after early morning sell off on account of Grexit fears.

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.