NIFTY TECHNICAL REPORT DAILY& WEEKLY CHARTS FOR NEXT WEEK 3-08 -2015

DAILY RESISTANCE FOR NIFTY: 8606, 8643, 8745, 8847

PIVOT POINT: 8541

DAILY SUPPORT FOR NIFTY :  8504, 8439, 8337,8235

DAILY CHAT FOR NIFTY:  

WEEKLY RESISTANCE FOR NIFTY: 8655, 8741, 8989,9237

PIVOT POINT: 8593
WEEKLY SUPPORT FOR NIFTY :  8407, 8245, 7997,7749

WEEKLY CHAT FOR NIFTY:

There was no let-up in market momentum for the third straight day when the Sensex shot up an impressive 409 points, powered by banking stocks after the government came out with a concrete plan to infuse banks over the next four years. This was the best single-day gain over a month. The benchmark BSE index regained the psychological level of 28,000 by hitting the day's high of 28,161 before closing at 28,114, up 409 points, or 1.48 per cent. Intra-day, the NSE Nifty too climbed to a high of 8,548,  regaining the crucial 8,500-mark. It ended the day higher by 111 points, or 1.32 per cent, at 8,532.

TECHNICAL ANALYSIS FOR NIFTY

Most critical range for the week is between 8422 and 8404, and within that range the levels from 8404 through 8410 take greater significance in that they provide the initial strong support, which should not be broken either by a gap down opening or by heavy selling. Once this is held firmly, the bulls would be far more secure else they would face truckloads of problems. On the way up, the immediate supply zone for the Nifty rests between 8445 and 8470 and the major supply zone is located between 8525 and 8553 for the day. On the way down, major support rests from 8338 and 8302. 

ABOVE 8606 IT IS BULLS AREA 

BULLS CAN MOVE TOWARDS 8650 AND 8700 

BEARS ARE ALSO CAN BE ACTIVE  
BELOW 8504 BEARS HAVE TARGET AT 8400 AND AT 8350

NIFTY OUTLOOK & FREE TRADING TIPS 3 AUGUST 2015

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The Sensex advanced 409 points to close at 28111 and Nifty rose 111 points to shut shop at 8532 on the back of broad-based buying. For most part of the day, the Sensex and Nifty traded on a firm note led by gains in banking stocks. The strong rollover position in the current month at 64 percent has been higher compared to 59 percent seen in the previous month. This shows that investors are taking fresh long positions on hopes of better economic prospects in the near term. Also, globally there haven't been any major negative developments that could trigger a downfall. We expect, the markets to see some more gains before turning range-bound with a negative bias going ahead. Nifty closed above the 8500-mark on the first day of August series, up 111 points to 8532.

NIFTY OUTLOOK FOR FRIDAY 31 JULY 2015

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 Benchmark share indices ended higher, amid expiry of July derivative contracts, after the government today cleared important changes to the government's constitutional amendment Bill on the proposed national goods and services tax (GST). The  sensex ended up 142 points at 27705 and the Nifty ended up 47 points at 8422.The US Fed has kept the interest rates unchanged in this policy meet. On the one hand, it expressed confidence in continued drop in the unemployment rate, which could be nearing the full employment zone. However, US Fed wants to see more evidence of improvement in the labour market. However, the markets have almost priced in a rate hike expected in the September meeting as the next couple of months’ employment data is expected to be good.

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NIFTY OUTLOOK FOR THURSDAY 30 JULY 2015

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The market treaded steady on Wednesday with the Sensex higher by 104 points at 27563 and the Nifty gaining 38 points at 8377.  Markets snapped a four-day losing streak to end higher on Wednesday led by gains in IT shares while upside gains remained capped on caution ahead of the expiry of July derivative contracts tomorrow and outcome of the two-day US Fed meet which ends later today. The 30-share sensex  ended up 104 points at 27563 and the 50-share Nifty ended up 38 points at 8375. The market benchmark Sensex on Wednesday recovered from over one-month lows by rising 104 points to 27563 as investors preferred to create positions in IT, capital goods and auto stocks ahead of F&O expiry on Thursday. For most part of the day, the Sensex and Nifty traded in a range bound fashion. The Sensex touched high of 27470 and low of 27609 and the Nifty moved in a range of 43 points. Analysts said that the markets traded in a tight range as stock specific trading was seen ahead of derivative expiry for the month of July which is due tomorrow.

NIFTY OUTLOOK FOR WEDNESDAY 29 JULY 2015

The markets pared early gains made in the morning trade and were unable to recover from Monday's steep sell-off with the Sensex ending 102 points lower at 27,459.23 and the Nifty dipping by 24 points to stand at 8337. The major downward trend can be attributed to the Chinese shares which sank yet again on Tuesday, a day after Shanghai's steepest slide in eight years, defying renewed government vows of support that analysts warned were not enough to settle nervous investors.

NIFTY CALLS & OUTLOOK FOR TUESDAY 28 JULY 2015

A rocky start to the week was expected given the numerous event risks lined up for the next fortnight. Markets started the derivative expiry week on a weak note. Recommendations of the Supreme Court-appointed SIT on tightening of norms related to Participatory note (P-notes) and deep cut on global indices spooked the sentiment. Indices continue to witness selling pressure till the last leg of trade. Market again took a beating on Monday; with Sensex crashing over 551 points to 27561, its weakest closing in over five weeks. The Nifty also dipped below the 8400-level.The Sensex closed 550 points down at 27561. The Nifty ended 160 points down at 8361.

NIFTY TECHNICAL REPORT DAILY& WEEKLY CHARTS FOR NEXT WEEK 27-07 -2015

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DAILY RESISTANCE FOR NIFTY: 8580, 8626, 8700, 8774

PIVOT POINT: 8552

DAILY SUPPORT FOR NIFTY :  8506, 8478, 8478,8404

DAILY CHAT FOR NIFTY:  

WEEKLY RESISTANCE FOR NIFTY: 8637, 8740, 8916,9092

PIVOT POINT: 8564
WEEKLY SUPPORT FOR NIFTY :  8461, 8388, 8212,8036

WEEKLY CHAT FOR NIFTY:

The Market was a declined for the second consecutive day and, BSE Sensex and NSE Nifty ended nearly 1 percent lower on Friday Today Asian markets traded down 0.25 to 1.3 per cent of the under pressure on the domestic market. Sensex and Nifty dropped 0.75 per cent. The Sensex has come 28100 and the nifty break out 8550 levels on Friday. Sensex slipped 258 points to end at nearly two-week low of 28,112 on muted earning figures reported by companies so far and weak global cues. India was also affected by negative cues from the Asian markets, trading lower due to disappointing Chinese manufacturing data. The  Sensex ended at 28,112, down 0.9 per cent or 258 points. Nifty closed for the day at 8,521, down 0.8 per cent or 68 points.“The market is slightly cautious and nervous. Corporate results so far have not sprung any positive surprises.