NIFTY OUTLOOK & FREE NIFTY TIPS FOR WEDNESDAY 28 OCT 2015

"BUY SBIN FUTURE ABOVE 249 TG 253.2/254.5 SL 246.4"

After a volatile day, the market ended with loses. The Sensex slipped  108.52 points or 0.4 percent at 27253.44 and the Nifty was down 27.65 points or 0.3 percent at 8232.90. Thus it closed with downtrend. At the same time the Nifty opened the day at 8241, made a high of 8255, low of 8225 and closed the day  at 8239. Thus the Nifty closed the day around at the same level of opening with no profit no loss condition..On the daily charts both Sensex and Nifty have formed a bearish  formation, which is second consecutive neutral formation over past days. Thus the daily chart  is suggesting a pause in the downward  movement.As  expected the market went just up after it’s opening.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 27 OCT 2015

The market ended lower with the Nifty ending below 8300 mark. The 50-share index was down 34 points at 8260. The Sensex slipped 108 points at 27362. Equity benchmarks extended fall in late trade. The market continued to consolidate with a negative bias in afternoon trade with the Sensex falling 42 points to 27428. The Nifty declined 16 points to 8279. Asia markets opened in green in early morning trade as investors welcome the Chinese Central Bank's (PBO) interest rate cut for the sixth time in the past 11 months. The Sensex and Nifty witnessed some profit booking on Monday despite Asian stock markets gaining on the back of China interest rate cut for a sixth time in less than a year. Sensex closed 108 points down at 27361. Nifty closed 34 points down at 8260. China’s monetary policy easing took place on Friday after the close of markets in India. Regional shares rose on hopes the action would help jump start growth in the world’s second-largest economy.

NIFTY CHART & NIFTY WEEKLY REPORT UPCOMING WEEK FOR MONDAY 26 OCTOBER 2015

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DAILY RESISTANCE FOR NIFTY: 8340, 8420, 8480, 8550

PIVOT POINT: 8315

DAILY SUPPORT FOR NIFTY :  8270, 8200, 8160,8100

DAILY CHART FOR NIFTY

WEEKLY RESISTANCE FOR NIFTY: 8301, 8341, 8424,8507

PIVOT POINT: 8258
WEEKLY SUPPORT FOR NIFTY :  8218, 8175, 8092,8009

WEEKLY CHAT FOR NIFTY:

Sensex opened the week at 27305, made a high of 27555, low of 27190 and closed the week at 27470. Thus it closed the week with a gain of 256 points. At the same time the Nifty opened the week at 8260, made a high of 8339, low of 8308 and closed the week at 8295. Thus the Nifty closed the week with a gain of 57 points.On the daily charts both Sensex and Nifty have formed a Doji formation, which is second consecutive neutral formation over past two days. On the weekly charts, both the indices have formed a small white body Star formation. Thus the daily as well as weekly candlestick pattern is suggesting a pause in the upward movement.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 26 OCT 2015

Nifty ends tad below 8300; The market has ended with gains, though it cooled off intraday from its initial gains. The Sensex was up 183 points at 27470, and the Nifty up 43  points at 8295. About 1289 shares have advanced, 1425 shares declined, and 154 shares are unchanged. European Central Bank President Mario Draghi said monetary policy alone cannot solve the euro zone's economic problems and called on member countries to take additional actions alongside.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR FRIDAY 23 OCT 2015

Sensex rises 115 points, Nifty eyed 8300. The Sensex rose 114 points to 27421 and the Nifty advanced 26 points to 8288. The market recouped previous day's losses to trade marginally higher. Nifty climbed 22 points to 8283. Nifty ends at 8260,nifty in the second half likely to be in the range of 13-15 percent up from the 12-14 percent reported in first half.

NIFTY OUTLOOK & FREE NIFTY TIPS 21 OCT 2015

Markets extend losses, Nifty below 8,250 Sensex opens down 28 points on profit booking, weakness in Asian markets. The SENSEX fell almost 28 points in early trade on Tuesday due to profit-booking by investors after recent gains amid mixed Asian cues. The BSE Sensex and Nifty continued to trade on a lackluster note in the late noon deals on Tuesday owing to selling in metal, oil & gas and banking stocks. Earlier in the day, the Sensex and Nifty traded in a narrow range. The Nifty touched high of 8,294 and the Sensex touched high of 27432. On the Nifty, apart from TCS, other Tata Group companies - Tata Power and Tata Motors - also attracted strong buying. Tata Motors and Tata Power rose over 3 percent .

NIFTY OUTLOOK & FREE NIFTY TIPS FOR TUESDAY 20 OCT 2015

"BUY HDIL 77.5 CALL @ 3.6 TG 5.2/6.8 SL 2.2"

 The  sensex and Nifty gained for a third consecutive trading session on Monday as Reliance Industries surged after posting a stronger-than-expected quarterly profit, while sentiment was supported after Chinese economic growth data eased fears of a hard landing. Sensex closed 150 points up at 27364 while Nifty closed 36 points up at 8275. October contracts for Nifty futures were trading not far from the 50-share spot index, indicating little potential upside. Selective companies, especially leaders in sectors, would show better results than others as the economy improves, 8300 will be a resistance for the Nifty in the near term, according to derivative data.

NIFTY CHART & NIFTY WEEKLY REPORT UPCOMING WEEK FOR MONDAY 18 OCTOBER 2015

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DAILY RESISTANCE FOR NIFTY: 8301, 8341, 8456, 8571

PIVOT POINT: 8226

DAILY SUPPORT FOR NIFTY :  8186, 8111, 7996,7881

DAILY CHART FOR NIFTY

WEEKLY RESISTANCE FOR NIFTY: 8258, 8329, 8483,8637

PIVOT POINT: 8175
WEEKLY SUPPORT FOR NIFTY :  8104, 8021, 7867,7713

WEEKLY CHAT FOR NIFTY:

TECHNICAL ANALYSIS FOR NIFTY

Nifty trading strong in short term just above its 20 EMA. Gap closed, doji at key resistance noted, technical structure suggest 8400 to be very stiff hurdle for nifty to overcome in medium term. Advised to book short term longs partially in 8225-8400 zones, keep appropriate trailing stops on rest of the long trades. 8100-8000 zones key supports, bears can be back in action only below 8000. Aggressive traders may look to go short close to 8400 with tight stops. Volatile & choppy moves likely in coming few weeks.