NIFTY CHART & NIFTY WEEKLY REPORT FOR UPCOMING WEEK 15 FEB 2016

WEEKLY RESISTANCE FOR NIFTY: 7263, 7361, 7545, 7729

PIVOT POINT: 7165

WEEKLY SUPPORT FOR NIFTY :  6981, 6797, 6699,6601

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 7011, 7094, 7132, 7381

PIVOT POINT: 6966

DAILY SUPPORT FOR NIFTY :  6928, 6890, 6845, 6800

DAILY CHART FOR NIFTY

NIFTY FUTURE AS PER TECHNICAL

Sensex opened the week at 24637, made a high of 24698, low of 22600 and closed the week at 22986. Thus it closed the week with a massive loss of 1630 points. At the same time the Nifty opened the week at 7489, made a high of 7512, low of 6869 and closed the week at 6980. Thus the Nifty closed the week with a loss of 509 points.

NIFTY BELOW 7000.

It is a harsh reality that the market is now realizing, as the Sensex slides below 23000 and Nifty below 7000; thereby undoing all the good work done on the indices over a period of past 18 months. The ferocious selling by the bears continues unabated as the Nifty lost more than 500 points and Sensex over 1600 points for the week.

IS IT THE END OF BEAR MARKET?

The question on every market participants mind remains - Is it the end of Bear Market? The answer sadly is in the negative. The Bear market will continue as we are yet to reach the potential targets of Nifty 6741- 6646. But that does not rule out the possibility of a Corrective rally in the Downtrend. This week, both the indices have taken support at the 200 WMA(Sensex 22824 and Nifty 6874. The last time this average was breached, was way back in December 2011. This is all the more reason for the Corrective rally to commence in the near term, but one should remember that all rallies will be sold into.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 FEB 2016

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Lack luster of movement was there in the market today. The Sensex and Nifty snapped four-day losing streak and ended today's volatile session on a flat note. The Nifty & sensex almost 7% tumbled in the last one week. The BSE Sensex opened at 23,060, touched an intra-day high of 23161 and low of 22600. It finally ended with a gain of 34 points at 22986. The NSE Nifty opened at 7023 hitting a high of 7035 and low of 6981, before ending with a gain of mere four points at 6981.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR FRIDAY 12 FEB 2016

Market is in bear hug; Bears had fully optimized the power play. Bloodbath in the market continues; Sensex cracked 23000-mark, Nifty under 7000-level. Sensex crashes 807 points as slowdown fears haunt markets again. Markets continue to bleed with nifty trading below 7000 levels & closed at 6996. The Sensex lost 807 points to end at 22951, while the Nifty finished at 6996, down 239 points, breaking the crucial 7000 psychological barrier. The Bank Nifty lost a massive 3.84 per cent, closing at 14028. Financial services, auto, commodities and energy stocks closed down 3%. Markets fell steeply on the back of continuing concerns about a global slowdown and the consequent impact on the financial sector. The US Fed also did not provide any further clarity on the possible interest rate movements. Quarterly results declared over the past few days have also not met up to the muted expectations and that also impacted sentiments. Going ahead, global concerns will remain at the centre-stage and will likely dictate market sentiments.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 11 FEB 2016

Worrisome Wednesday!!!! As usual nifty moved on our words today nifty slipped below 7200 and made a low of 7177. In today’s trading session the consolidation was there between the level 7250-7270. The Sensex and Nifty fell today and hit their fresh 52-week lows on rising concerns over a spike in bad loans of public sector banks amid global sell-off. Sensex closed 262 points down at 23758, while Nifty settled 76 points down at 7221.

NIFTY CHART & NIFTY WEEKLY REPORT FOR UPCOMING WEEK 08 FEB 2016

WEEKLY RESISTANCE FOR NIFTY: 7562, 7625, 7678, 7731

PIVOT POINT: 7500

WEEKLY SUPPORT FOR NIFTY :  7447, 7394, 7331,7269

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 7524, 7557, 7576,7595

PIVOT POINT: 7491

DAILY SUPPORT FOR NIFTY :  7472, 7453, 7420,7387

DAILY CHART FOR NIFTY

Sensex opened the week at 24982, made a high of 25002, low of 24187 and closed the week at 24616. Thus it closed the week with a loss of 254 points. At the same time the Nifty opened the week at 7589, made a high of 7600, low of 7350 and closed the week at 7489. Thus the Nifty closed the week with a loss of 74 points.

NIFTY FUTURE AS PER TECHNICAL,

CANDLESTICK VIEW: On the daily charts, both the indices have formed a real White body candle. On the weekly charts both the indices have formed a Black body candle with a long lower shadow. Interestingly it falls short of being a Dark Cloud Cover. Thus daily candlestick study indicates a minor bullish bias in the near term.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 FEB 2016

Fantastic Friday!!!! Nifty ends above 7450 level. The Sensex extended gains in trade on Friday to end 278 points higher, while broader CNX Nifty closed above its key 7,450-mark. The BSE Sensex opened at 24360, touched an intra-day high of 24613 and low of 24346. It finally ended with a gain of 279 points at 24617. The NSE Nifty opened at 7418 hitting a high of 7503 and low of 7407, before ending with a gain of 85 points at 7489. The Sensex and NSE Nifty gained over 1 per cent on Friday on account of value buying amid stabilized crude oil prices. The Sensex closed 278 points up at 24616, while Nifty 50 index settled 85 points up at 7489. We have to wait and watch whether these changes are likely to be maintained which can improve FIIs inflow to India. US payroll data will be released today and is expected to be lower than earlier which will make a FED rate hike in March to be unlikely.

NIFTY OUTLOOK & FREE NIFTY & BANKNIFTY TIPS FOR 5 FEB 2016

Bulls are back on the driver seat!!! The Nifty futures is trading on a positive note. It opened with a gap-up at 7,421 and is continuing to trade above the psychological 7,400 level.  Snapping three-day long losing streak, the Sensex ended 115 points higher in trade today, while CNX Nifty closed above its key 7400-level. The Indian equity market snapped three-day losing streak and ended higher on Thursday.Infosys , HUL, Tata Motors push Nifty back above 7400; ends 42 points higher. The Sensex opened at 24386, touched an intra-day high of 24514 and low of 24225. It finally ended with a gain of 115 points at 24338. The NSE Nifty opened at 7411 hitting a high of 7457 and low of 7366, before ending with a gain of 42 points at 7404.

NIFTY OUTLOOK & FREE NIFTY & BANKNIFTY TIPS FOR WEDNESDAY 4 FEB 2016

The equity market bled on Wednesday amid weak global cues, with power and bank stocks coming under bear hammering. The market caught in bear grip, continuing southward journey for third consecutive session on global rout post sharp fall in crude oil prices yesterday. The BSE Sensex fell 315 points to 24223 and the NSE Nifty ended below 7400-mark, down 93 points to 7361.