NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 JAN 2016

YESTERDAY’S NIFTY FUTURE ACHIEVED 1^ST TGT

“SELL NIFTY BELOW 7530 TG 7505, 7475 SL 7560”

NIFTY

Start-long position ABOVE 7600.

Start short position BELOW 7550

Big moves could go till 7700, 7450.

BANK NIFTY

Start-long positions ABOVE 16000.

Start short position BELOW 15500

Big moves could go till 16100, 15300. Downtrend may continue.

A divergent trend was continued in the market on Thursday. In a volatile trading session, the Sensex ended 81 points lower on Thursday, while Nifty managed to hold its key 7500-mark. Looking at yesterday and today's recovery from the lows, we are somewhere close to the bottom. The stellar rally in Infosys has lifted the sentiment across the board.  The contraction in December WPI data for the 14th consecutive month has added some respite to the sentiment across the bourses. The Sensex, fell 81 points to close at 24772. The Nifty shed 25 to settle at 7536.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 14 JAN 2016

NIFTY

Start-long position at 7600.

Big moves could go till 7650, 7720.

A long 7600 c (91), long 7700 c (51) could gain 10-15

BANK NIFTY

start-long positions at 16000.

Big moves could go till 16100, 16200. Uptrend may continue.

After a roller coaster ride, the market managed to gain strength in last hour of trade Wednesday with the Nifty scaling back above 7500 aided by index heavyweights. Markets rebounded in late trades to end higher, amid a volatile trading session, led by index heavyweights. In a sudden reversal of trend, key benchmark indices slipped into the red from green in mid-morning trade. Sensex, was off 92 points at 24589. The sensex ended up 172 points at 24854 and the Nifty  ended up 52 points at 7562.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 JAN 2016

"SELL NIFTY BELOW 7550 TG 7520,7490 SL 7600 "

NIFTY

Start-long  positions at 7600. Start-short positions at 7520.

Big moves could go till 7700, 7445.

A long 7700 c (43), long 7500 p(96) could gain 10-15

BANK NIFTY

start-long positions at 16100. Start-short positions at 15800. Big moves could go till 16100,15500. Downtrend may continue.

The Nifty ended with yet another bold red candlestick as after opening mildly in the green; the index entered an intraday downtrend and also closed the day just below the important support level of 7500. The Sensex pared some losses after falling over 300 points in the early trade on Monday and closed 109 points down at 24825 following weak global cues. Nifty settled 37 points down at 7563. Sentiments remained dampened since morning as markets made a gap-down start as investors remained on sidelines ahead of Q3 earning season which is due to start tomorrow with TCS and IndusInd Bank unveiling the numbers. Traders also remained concerned with a private report stating that consumer sentiments in India fell for the fourth consecutive month in December to the lowest on record, as consumers reported a further deterioration in their personal finances amid rising inflation.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR TUESDAY 12 JAN 2016

NIFTY FUTURE

Start-long positions at 7600. Start-short positions at 7520.

Big moves could go till 7700, 7800.

A long 7700c (63), short 7,600c (108) could gain 22-30 points if the 7,700 level is hit.

BANK NIFTY FUTURE

Start-long positions at 16150. Start-short positions at 15000. Big moves could go till 16300, 16450.
Bullish will be back in action !!!!!!

Sinking feeling!!!  The Sensex staged a strong recovery in afternoon trade after falling as much as 1.4 per cent or 335 points in early trade following a crash in China markets. Higher European markets helped the recovery of Indian markets. The recovery in Sensex was led by Reliance Industries which surged over 3 per cent.

After hitting fresh 52-week lows intra-day, markets closed the first session of the week on a dismal note as Asian shares wobbled yet again today as growth concerns in China led to a sell-off in Chinese equities. The upcoming third quarter earnings, which will kick-off from tomorrow as well as the announcement of key macro-economic data, have also put pressure on investors.  
The Sensex pared some of initial losses to end the day 110 points lower in trade on Monday. The Sensex opened at 24787, touched an intra-day high of 24962 and low of 24599. It finally ended with a loss of 109 points at 24825, while Nifty managed to settle above its key 7550-mark. The Nifty opened at 7527 hitting a high of 7605 and low of 7494, before ending with a loss of 38 points at 7564.

NIFTY CHART & NIFTY WEEKLY REPORT FOR UPCOMING WEEK 11 JAN 2016

WEEKLY RESISTANCE FOR NIFTY: 7972, 8003, 8089, 8175

PIVOT POINT: 7917

WEEKLY SUPPORT FOR NIFTY :  7886, 7831, 7745,7659

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 7896, 7921, 7960,8009

PIVOT POINT: 7862

DAILY SUPPORT FOR NIFTY :  7837, 7820, 7773,7744

DAILY CHART FOR NIFTY

Sensex opened the week at 26116, made a high of 26116, low of 24825 and closed the week at 24934. Thus it closed the week with a loss of 1226 points. At the same time the Nifty opened the week at 7934, made a high of 7947, low of 7570 and closed the week at 7605. Thus the Nifty closed the week with a loss of 362 points.

GLOBAL CRACK DUE TO CHINESE CONCERNS.

China sparked off a global scare when the trading in Chinese stock market was halted twice this week. The New Year 2016 could not have a worse start than this. The global meltdown has assured that majority of the world markets have entered or are entering a Bear phase. Thus this week’s low which is very near to the critical intermediate bottom i.e. Nifty 7539 levels, assumes tremendous significance. A break below this level will pave the way for Nifty targets of 7092 and 6741.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 11 JAN 2016

“BUY NIFTY ABOVE 7620 TG 7645, 7670 SL 7590”

Indian markets started on a weak note on news that the trading in the Chinese markets was suspended, after the indices fell by 7 per cent in early trade. This was the second time that market’s circuit breaker was triggered. The sharp sell-off in Chinese markets was prompted by the People’s Bank of China (PBOC) who set the yuan midpoint at 6.5646 per dollar, 0.5 per cent weaker than Wednesday’s rate, the biggest fall between daily fixings since the devaluation began in mid-August. The market witnessed a correction amid Yuan’s continuous depreciation which has negatively influenced the investors’ preference to the emerging markets. We feel that going forward the retail investors are likely to stay away from the market as further depreciation in Yuan cannot be ruled out. Indeed, we are nearing the third quarter results season. so the near term fluctuations will also depend upon the earning guidance and outlook from the companies.

The four-day fall in the Nifty futures has come to a halt in today's session, after testing the key support at 7,600.The contract started the session with a gap-up open at 7615. After experiencing initial selling pressure, the contract marked an intra-day low at 7593 levels and began to trend northwards. It has gained 40 points.  The Sensex ended higher by 82 points at 24934 and the Nifty ended up by 33 points to 7601.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 JAN 2016

"SELL NIFTY BELOW 7570 TG 7550,7520 SL 7600"

YESTERDAY'S NIFTY NOT EXECUTED

Sell-off continues!!! Nifty trades below 7,600 The Indian stock market fell sharply on Thursday after crash in China stock market. The Sensex plunged below 25000 for the first time since September 8, 2015, while Nifty slipped below 7,600 level, lowest since December 15. The Sensex fell below 26000-mark to hit its lowest level of 24825 in 52 weeks, weighed down by auto and commodity stocks. The index plunged 554 points at 24851. The Nifty crashed 172 points to 7568, after hitting an intraday low of 7556.

Nifty is very close to breaking its previous swing lows which could be a formality given the fear index spiking up. The next supports for Nifty would then arise near the 7530 mark and approx 824500 in Sensex. The market may continue to track global factors in near term, 7500 could be strong support on the Nifty.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 JAN 2016

“BUY NIFTY ABOVE 7777 TG 7820,7850 SL 7750”

Markets slipped sharply lower on account of huge selling pressure across the globe. Geopolitical risks posed by North Korea’s latest nuclear test and geopolitical tensions in the Middle East, China’s economic slowdown worries, weakening of rupee against dollar and weak global cues weighed on the sentiment of the street; thereby posting losses. Nifty shuts below 7750 mark. The Sensex opened at 25628, touched an intra-day high of 25633 and low of 25358. It finally ended with a loss of 174 points at 25406. The Nifty opened at 7788 hitting a high of 7801 and low of 7721, before ending with a loss of 44 points at 7741. The sentiment remained weak in the absence of any positive trigger amid sustained capital outflows by foreign funds.