NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 DEC 2015

"BUY DLF 130 CALL @ 0.70 TGT 1.4/2.2"

The bear grip tightened on Wednesday as indices continued to bleed further. Unabated selling pressure has now extended for the sixth consecutive trading session with BSE Sensex and the NSE Nifty plunging almost by 5% during this span. Besides global cues, local sentiment remains subdued as the GST Bill, which is expected to get passed during this winter session is facing fresh trouble. The opposition raised their decibel protesting against Delhi High Court summons to Congress leaders, which led to Parliament adjournment. The BSE Sensex ended with a loss of 274 points at 25036. After opening lower at 25299, the Sensex touched an intra-day high of 25316 and low of 25012. The NSE Nifty ended with a loss of 89 points at 7612. It opened at 7695 hit a high of 7702 and low of 7606.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 9 DEC 2015

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A positive opening on firm global cues was followed by a steady decline and post noon Nifty futures turned range bound and closed the day in the negative. Markets witnessed sudden crackdown in the late trade after harsh exchanges between ruling party and the opposition on Goods and Services Tax (GST) Bill suggested the bill will not see the light of the day in the winter session. Extending losses for the fifth straight session, the S&P BSE Sensex ended the day 219 points down in Tuesday's trade, while broader CNX Nifty settled just a tad above its strong support level of 7770. The 30-share index ended at 25310, down 219 points, while 50-share index closed at 7701, down 63.70 points. Market breadth remained negative with 26 of the 30 Sensex components ending the day in red.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 DEC 2015

 "SELL NIFTY 2 LOT BELOW 7800 TG 7770,7750 SL 7830"

Markets made a strong opening in line with Asian markets traded after strong US jobs data which strengthened expectations of Fed rate hike later this month. But shed all the day’s gains during mid-trade on the back of continued sell-off by foreign portfolio investors. Further, continued fall in crude prices has increased the fears of global economic slowdown. Overall market breadth for the day remained positive and advances to declines ratio for Nifty stood at 27:21 for the day. Share price of Hindalco in the Nifty50 index remained unchanged. Traders also remained concerned ahead of the US Federal Reserve’s meeting next week, where it is widely expected to raise rates for the first time in about a decade. The Sensex ended the day 108 points lower, while broader CNX Nifty settled below its key 7800-mark. Nifty closed 16 points down at 7765.

NIFTY CHART & NIFTY WEEKLY REPORT UPCOMING WEEK FOR MONDAY 07 DEC 2015

DAILY RESISTANCE FOR NIFTY: 7847, 7874, 7920, 7966

PIVOT POINT: 7828

DAILY SUPPORT FOR NIFTY :  7801, 7782, 7736,7690

DAILY CHART FOR NIFTY

WEEKLY RESISTANCE FOR NIFTY: 7946, 8073 ,8168,8263

PIVOT POINT: 7878

WEEKLY SUPPORT FOR NIFTY :  7751, 7711, 7683,7615

WEEKLY CHAT FOR NIFTY

TECHNICAL ANALYSIS FOR NIFTY FUTURE AS PER TECHNICAL,

Sensex opened the week at 26142, made a high of 26256, low of 25623 and closed the week at 25638. Thus it closed the week with a loss of 490 points. At the same time the Nifty opened the week at 7936, made a high of 7979, low of 7775 and closed the week at 7781. Thus the Nifty closed the week with a loss of 161 points. We had mentioned in the last week’s closing report that Nifty, Sensex were headed higher and that as long as Nifty stays above 7,800, it will be bullish. The Indian stock markets failed to stay above the threshold level of 7,800 and the major indices have been falling for most of the week. Friday was no exception and the Nifty fell by 1.05% to close at 7,781.90. Weekly losses of the major indices have been in the range of 2%. 

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 DEC 2015

The market saw no respite as the benchmark indices extended their losing streak for the third consecutive trading session. Sentiment was hit after the Indian rupee further weakened against the US Dollar heading towards the Rs67 per dollar mark.  The BSE Sensex opened at 25810, touched an intra-day high of 25810 and low of 25624. It finally ended with a loss of 249 points at 25638. The NSE Nifty opened at 7818 hitting a high of 7821 and low of 7775, before ending with a loss of 82 points at 7782. Nifty further declined today and found support at the 7780 levels. If the index breaches below the same, we expect selling pressure to intensify in the coming days. Market direction would also depend on the global cues, domestically. The coming week promises to be full of action. Among the major macro-economic data on tap are the Q3 BoP Current Account Balance, exports & import data for the month of November and October Industrial Production data.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 DEC 2015

"SELL NIFTY BELOW 7885 TG 7855,7820 SL 7920"

After opening with a negative gap down, indices constantly declined throughout the day. Falling for the second straight session, the BSE Sensex today closed 231 points down to 25886 while the NSE Nifty ended 67 points at 7864 in early trade sustained selling by funds and retail investors amid sluggish Asian cues. The BSE Sensex opened at 26124, touched an intra-day high of 26123 and low of 25875. The NSE Nifty opened at 7902 hitting a high of 7912 and low of 7853.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 DEC 2015

The  Sensex and Nifty50 index swung between gains and losses through the day and traded in a narrow range on Monday ahead of GDP data to be announced later in the day and the Reserve Bank of India’s monetary policy meet on Tuesday. Sensex closed 17 points up at 26145, while Nifty50 index closed 7 points down at 7935. The market traded in a narrow range amid investors eyeing the upcoming important macroeconomic data- Q2FY16 GDP later today and RBI’s monetary policy tomorrow. RBI is likely to hold the rates because they have already cut the rate by 125 basis points during the year. Now the focus should be the transmission of 125 basis points, since banks lending rate has reduced only by an average of 30 basis points in the same time. Market participants are hopeful of GST bill passage; however concerns over FED meeting followed by ECB policy meet limited the gains.

NIFTY OUTLOOK : VOLATILE TRADING SESSION EXPECTED TOMORROW 1 DEC 2015

"BUY RELINFRA FUTURE ABOVE 455 TG 459,464 SL 449""SELL ASHOKLEYLAND FUTURE BELOW 94.4 TG 93.25,92.2 SL 96.7"

A highly choppy session ended almost unchanged on Monday even as the Nifty saw a sudden sharp fall during the last hour of trade. Indices were stuck in a narrow trading band and were unable to carry the momentum in either of the directions. Sensex much of the gains to end the day at 26145, up 17 points or 0.07 per cent. The NSE Nifty opened at 7936 hitting a high of 7994 and low of 7954, before ending with a mere loss of 7 points at 7981. The market closed range bound session on a flat note Monday as investors turned cautious ahead of RBI monetary policy and November auto sales data. Today's consolidation was after its rally in previous two trading sessions. The much-awaited RBI monetary policy will be announced on Tuesday, which will be important event for the market ahead of two-day Federal Reserve meeting (on December 15-16). expect the central bank to hold rates.