NIFTY CHART & NIFTY WEEKLY REPORT FOR UPCOMING WEEK 25 JAN 2016

WEEKLY RESISTANCE FOR NIFTY: 7452, 7525, 7742, 7861

PIVOT POINT: 7379

WEEKLY SUPPORT FOR NIFTY :  7284, 7211, 7138,7017

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 7434, 7467, 7486,7504

PIVOT POINT: 7400

DAILY SUPPORT FOR NIFTY :  7363, 7330, 7295,7244

DAILY CHART FOR NIFTY

Sensex opened the week at 24400, made a high of 24563, low of 23839 and closed the week at 24435. Thus it closed the week with a minor loss of 20points. At the same time the Nifty opened the week at 7420, made a high of7470, low of 7241 and closed the week at 7422. Thus the Nifty closed the week with a loss of 15 points.

SUPPORT AT GOLDEN RATIO.

As envisioned last week, the bears attacked the small and midcap universe with full force. As a result the small and midcap stocks lost heavily, with many losing around 10 to 20%. After losing considerably in the initial part of the week, both Sensex and Nifty recovered smartly after finding support at the golden ratio target (Sensex 23846 and Nifty 7292).

NIFTY OUTLOOK & FREE NIFTY BANK NIFTY FUTURE TIPS FOR 25 JAN 2016

Fantastic Friday!!!!! Market staged a sharp pullback rally today to recover from the previous losses & Nifty managed to regain 7400 level. The Sensex and the Nifty ended 2 % higher on Friday, positing their biggest single-day percentage gain since October as hints of more stimulus measures from the European Central Bank lifted global markets, but still marked a third weekly fall. The Sensex opened at 24122, touched an intra-day high of 24473 and low of 24120. It finally ended with a gain of 473 points at 25436. The Nifty opened at 7356 hitting a high of 7433 and low of 7328, before ending with a gain of 146 points at 7422.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR FRIDAY 22 JAN 2016

See-saw movement was there in the market. The market exhibited high amount of choppiness in trade today as index bellwethers were in divergent mood. The morning joy was very short-lived as the market indices, after opening with a gap-up in early trades gave away all its gains and ended with losses. The market indices scuttled between red and green as some sectors such as banks recovered from recent losses although sentiment remained weak as oil prices continued to fall, hitting Asian markets.  The stock markets ended Thursday's volatile session on a weak note for the second day in a row.

In a volatile trading session, the sensex fell 100 points on Thursday to end below its crucial psychological level of 24000, while Nifty settled below its key 7300-mark.  The Sensex opened at 24195, touched an intra-day high of 24352 and low of 23862. It finally ended at 23962. The Nifty opened at 7377 hitting a high of 7399 and low of 7250, before ending with a loss of 33 points at 7277.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR THURSDAY 21 JAN 2016

“BUY NIFTY FUTURE ABOVE 7330 TG 7370, 7399”  

“SELL BANKNIFTY BELOW 14920 TG 14850, 14700 SL 15000”

NIFTY

Start-long position ABOVE 7370.

Start short position BELOW 7250

Big moves could go till 7450, 7150.

BANK NIFTY

Start-long positions ABOVE 15070.

Start short position BELOW 14800

Big moves could go till 15300, 14500. Uptrend may continue.

Bears continued to grip the markets…!!!!The market cracked heavily in trades today on account of massive selling in Asian indices. Nifty surrendered all the gains of the previous day and more as it closed the day in the negative. Snapping the rare gains of previous session, the  Sensex ended the day 417 points lower after tumbling as much as 640 points to fall below its crucial psychological level of 24000, while Nifty breached its key 7250-mark in intraday trade, but ended above 7300 levels. The falling spree on Dalal Street reflect investor worries over slumping crude prices and volatility in China's markets that continue to trigger concerns about the health of the global economy.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR WEDNESDAY 20 JAN 2016

“BUY NIFTY ABOVE 7440 TG 7460,7499 SL 7410”

NIFTY

Start-long position ABOVE 7470.

Start short position BELOW 7400

Big moves could go till 7600, 7320.

BANK NIFTY

Start-long positions ABOVE 15350.

Start short position BELOW 15190

Big moves could go till 15600, 15000. Uptrend may continue.

Volatility was witnessed there in the market today. Bulls are back on the driver’s seat. Bulls took a charge over Dalal Street on Tuesday as global rally post China GDP data and short covering helped equity benchmarks snap four-day loss. Banking stocks along with index heavyweights like Reliance Industries and L&T drove market higher. The broader markets outperformed benchmarks. Sensex snapped three-day losing streak on Tuesday. The Sensex closed 291 points higher at 24479 and the Nifty ended with 1 % gains at 7435. The gains in the markets were mainly led by banking, energy and infra stocks.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR TUESDAY 19 JAN 2016

 "SELL NIFTY BELOW 7350 TGT 7330,7305 SL 7375"

Bears tighten grip on markets. Domestic stock markets have got off to a horrid start in 2016, with the Sensex on Monday closing below 24200 for the first time since may 16, 2014. The Sensex is down nearly 6.5 % in a fortnight of trading, more than its 6 % fall during 2015.

There seem to be no signs of a respite with the selling pressure. After opening the day on a negative note, benchmark indices extended their fall to close near the day’s low with losses of over 1%. The Sensex and Nifty fell on Monday on account of selling in front line blue chip counters coupled with concerns about the global economy which are mounting after crude fell to its lowest since 2003. Meanwhile, data showed the country’s exports shrunk for a thirteenth straight month.

NIFTY CHART & NIFTY WEEKLY REPORT FOR UPCOMING WEEK 18 JAN 2016

WEEKLY RESISTANCE FOR NIFTY: 7532, 7567, 7688, 8070

PIVOT POINT: 7497

WEEKLY SUPPORT FOR NIFTY :  7437, 7376, 7306,7211

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 7503, 7526, 7567,7607

PIVOT POINT: 7479

DAILY SUPPORT FOR NIFTY :  7439, 7398, 7375,7351

DAILY CHART FOR NIFTY

Sensex opened the week at 24787, made a high of 25018, low of 24387 and closed the week at 24455. Thus it closed the week with a loss of 479 points. At the same time the Nifty opened the week at 7542, made a high of 7619, low of 7428 and closed the week at 7446. Thus the Nifty closed the week with a loss of 164 points.

NIFTY FUTURE AS PER TECHNICAL,

This week saw the market capitulate and reach the intermediate Head and Shoulders target of Sensex 24486 and Nifty 7425 with ease. This was just the target of second degree pattern, but we remain well on course to achieve lower targets for patterns of higher degree which are at Nifty 7092 and 6741.But the scary part is till now the small and mid-cap stocks were more or less insulated from the fall, which will not be the case henceforth. This week both the small-cap and mid-cap indices have signaled a fresh bearish breakout. Hence one should not be surprised, if the small and mid-cap stocks experience a sharper fall as compared to the Nifty.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 18 JAN 2016

As we have predicted that nifty will continue it’s down trend & could go the level of 7450 nifty, has breached the level of 7450 & made a low of 7427 in trade on Friday.  Nifty slips below 7500; Sensex down 200 points. The Sensex plunges 350 points on Friday after starting the session with a positive bias tracking negative cues from global markets. The Sensex fell 318 points to end below its crucial psychological level of 24500 on Friday, while CNX Nifty fell below its key support level of 7450 and closed at 7437. The sentiments were weakened as Brent crude slumped below the $30 per barrel after cracking over 4 per cent in trade. Further, depreciating rupee against the US dollar and disappointing quarterly earnings by index heavyweight and FMCG major also spoiled the mood of the market. Market sentiments also remained down beat on report that United Nations has downgraded its GDP growth forecast for India for 2016 to 7.5 per cent from 8.2 per cent estimated earlier, largely due to slow progress in implementing reform policies.