NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 OCT, 2015

Nifty futures opened on a firm note and there was profit booking in the initial stages as it tuned range bound but it picked up momentum towards the end of session and closed on a buoyant note. Benchmark shares indices surged on Monday to end over 2% higher, amid firm global cues, after fears of an immediate rate hike by the US Federal Reserve dimmed after weaker-than-expected US jobs data.The Sensex ended up 565 points - its second biggest gain of the year - to close at 26786. The Sensex had gained 729 points. The Nifty also gained 165 points to close at 8119.

NIFTY CHART & NIFTY OUTLOOK FOR MONDAY 05 OCTOBER 2015

DAILY RESISTANCE FOR NIFTY: 8024, 8073, 8158, 8243

PIVOT POINT: 7988

DAILY SUPPORT FOR NIFTY :  7939, 7903, 7818,7733

DAILY CHART FOR NIFTY

WEEKLY RESISTANCE FOR NIFTY: 8107, 8238, 8570,8902

PIVOT POINT: 7906
WEEKLY SUPPORT FOR NIFTY :  7775, 7574, 7242,6910

WEEKLY CHAT FOR NIFTY:

The Sensex  initial gain on Thursday with closed 66.12 points or 0.25% up at 26220. On the same case, the Nifty closed 2 points or 0.03% at 7590. The Nifty has turned from positive to negative in Thursday trading session. Bears tighten the grip below 8200 important mark, as we saw in the last week, nifty future gain 81 points as per weekly closing basis 7896 to 7977. Nifty future finally closed weekly below 8200 important support level. This is the second time weekly closing below 8200 level after June 2015 series low of 7930. Technically overall trend is bullish above 7541 level on larger time frame charts, but short term trend now looking bearish below 8200 level or it will remain bearish for next some weeks unless it will not break and closed weekly above 8200 important resistance mark.

MARKET SUMMARY FOR 1 OCT 2015

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The BSE Sensex relinquished most of its gains to close marginally higher at 26227 and the Nifty ended marginally down at 7946. For most part of the day the larger market traded flat-to-positive although it opened by testing the 8000 level as overnight US stocks ended higher. The domestic equity market remained rangebound throughout Thursday before closing 66 points or 0.25 per cent, higher at 26,221. Equity benchmark Sensex rallied as

NIFTY OUTLOOK & FREE NIFTY TIPS FOR THURSDAY 1 OCTOBER 2015

Market continued their upward trajectory on Wednesday after RBI cut key lending rates by 50 basis points on Tuesday. The bigger-than-expected rate cut from Reserve Bank of India has turned the undertone of Indian markets positive in the near term. Sensex and Nifty traded nearly 1 per cent higher today. Higher global markets also lifted the sentiment. The Sensex rose 300 points while Nifty was firm above 7900 in late trade. Nifty closed 1.35% higher at 7948. Markets are likely to see selling pressure at higher levels. 8050 is resistance level for Nifty.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30 SEP 2015

Domestic equity markets reversed losses while the benchmark 10-year bond surged to its highest in more than two years after the Reserve Bank of India (RBI) cut interest rates by a bigger-than-expected 50 basis points and allowed for steady increase in foreign investment limit in government securities. The Sensex closed 161 points up at 25,778. Sensex rallied nearly 700 points in intra-day trade on Tuesday from its day's low of 25,287 to reclaim the crucial psychological level of 26,000 .Nifty closed 47.60 points up at 7,843.

RBI cuts repo rate by 50 bps

The Reserve Bank of India on Tuesday in its monetary policy review has announced to cut repo rate by 50 basis points. The data on Wholesale Price Index (negative 4.9 per cent) and Consumer Price Index (3.66 per cent) continue to reflect a benign inflationary environment.

The market recovered sharply with the Nifty hitting 7800-mark after the Reserve Bank of India, surprisingly, cut repo rate by 50 basis points. Economists were expecting a 25 basis points cut in repo rate. The Sensex gained 16 points to 25633 and the Nifty rose  7 points to 7802.

NIFTY CHART & NIFTY OUTLOOK FOR MONDAY 28 SEPTEMBER 2015

DAILY RESISTANCE FOR NIFTY: 7911, 7953, 8053, 8151

PIVOT POINT: 7854

DAILY SUPPORT FOR NIFTY :  7812, 7755, 7656,7557

DAILY CHART FOR NIFTY

WEEKLY RESISTANCE FOR NIFTY: 8017, 8165, 8465,8765

PIVOT POINT: 7865
WEEKLY SUPPORT FOR NIFTY :  7717, 7565, 7265,6965

WEEKLY CHAT FOR NIFTY:

NIFTY THIS WEEK

The Nifty rose 22.55 points to 7868 and the Sensex gained 40 points at 25863. The market breadth was positive as about 1444 shares advanced against 1238 shares declined on the Bombay Stock Exchange. For September series, the Nifty lost 1 percent and the Sensex declined 1.4 percent while for the week, benchmark indices shed 1.4 percent. After a consolidation in narrow range, the Nifty closed marginally higher on Thursday, the expiry day for September Futures & Options contract. Nifty  future closing off the high of the day but closed to it and in the positive despite a weak opening. 7895-7885 is the immediate resistance which must be crossed decisively for the initial signal of strength.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR MONDAY 28 SEP 2015

In a truncated week, key benchmark indices closed 1.4 per cent down on China worries following weak macro data, profit-booking and unwinding of positions on account of September derivative contracts expiry. Market is closed on Friday on account of Eid. On Thursday, benchmark share indices ended marginally higher, amid a volatile trading session, following the expiry of September derivative contracts. Sensex and Nifty closed 355 points and 113 points down at 25,863 and 7,868, respectively, for the week ended September 24.

SEPTEMBER F&O EXPIRY

Nifty future has seen Rollover of around 59% from September to October series, rollover are comparatively low from averages which indicates that bulls and bears both have not taken their position aggressively as market stuck in a broader range and yet not given any decisive sign of movement on either side even after making a short term bottom near to 7550 zones.