NIFTY OUTLOOK & FREE NIFTY & BANKNIFTY TIPS FOR 25 FEB 2016

YESTERDAY’S NIFTY HIT FIRST TGT 7100 MADE LOW OF 7008.30

TO GET NIFTY & BANKNIFTY TIPS FILL UP THE FORM GIVEN HERE>>>>

Ahead of F&O expiry, Sensex & Nifty fall over 1.2%. Selling pressure continue to weigh markets down as investors are jittery over the on-going Budget session amid derivatives expiry for the month of February, which is due tomorrow. The stock markets extended losses in the last hour of trade. The market closed lower for second consecutive session ahead of Railway Budget and F&O expiry. The Sensex fell 321 points or 1.37% to 23088 & the Nifty dropped 90 points or 1.28% to 7018.  Finally Sensex ended with a loss of 321 points at 23089. The Sensex opened at 23333, touched an intra-day high of 23339 and low of 23057. The NSE Nifty closed with a loss of 91 points at 7019. The NSE Nifty opened at 7075 hitting a high of 7091 and low of 7010. Investors would remain cautious ahead of the announcement of Railway Budget, which will be unveiled tomorrow, and the Economic Survey, which will be released on Friday.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR WEDNESDAY 23 FEB 2016

 "SELL NIFTY BELOW 7150 TGT 7100/6900 SL 7200"

Market performance in the run-up to the Budget this year has been one of the worst in many years. Although stock prices have rebounded following gains in the past four sessions, benchmark indices are still down over four per cent in the past fortnight. The Sensex is down 4% and 9% in the past one month and three months, respectively. Interestingly, the market performance has been lukewarm in the past three Budget days, with the benchmark Sensex changing less than half a per cent. The Sensex and Nifty ended four-day winning streak on Tuesday on the back of a broad-based selloff triggered due to weak global cues. The Sensex slumped 379 points to end at 23410 and the Nifty50 cracked 125 points to end at 7110. The Sensex and the Nifty touched an intra-day low of 23362 and 7091 each.  Sentiments also remained low since morning as investors remained jittery ahead of the Union Budget 2016-17, which is due on February 29. Sensex closed 378 points down at 23410, while Nifty settled 125 points down at 7109.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR TUESDAY 23 FEB 2016

Extending gains for today, the Sensex ended 80 points higher, while Nifty settled above its key 7200-mark ahead of derivatives expiry on Thursday. Markets are trading range bound in noon deals with a gain of around quarter a percent. The Sensex ended with a gain of 80 points at 23789. The Sensex opened at 23783, touched an intra-day high of 23855 and low of 23675. The NSE Nifty closed with a gain of 25 points at 7236. The Nifty opened at 7209 hitting a high of 7252 and low of 7201. The forthcoming week until the Budget will be very critical in setting the tone of the market going forward. In case we see Parliament getting disrupted, markets may correct.

The Nifty 50 future is managing to sustain above 7200 levels, but is not gaining momentum to extend its up move sharply. The reversal from the intraday high of 7245 found support near 7211. The contract is bouncing higher once again from this low.

NIFTY CHART & NIFTY WEEKLY REPORT FOR UPCOMING WEEK 22 FEB 2016

WEEKLY RESISTANCE FOR NIFTY: 7207, 7287, 7385, 7514

PIVOT POINT: 7127

WEEKLY SUPPORT FOR NIFTY :  7029, 6949, 6869, 6740

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 7220, 7243, 7263, 7324

PIVOT POINT: 6197

DAILY SUPPORT FOR NIFTY :  7178, 7158, 7135, 7068

DAILY CHART FOR NIFTY

This week Nifty close with rose 0.26 percent to 7,210.75, recovering from an earlier fall of as much as 0.6 percent to end not far from the session's high of 7,226. The benchmark Sensex rose 0.25 percent to close at 23,709. The Sensex and Nifty ended Friday's lacklustre trading session marginally higher on the back of buying. The Sensex opened at 23,640, touched an weekly high of 23,709 and low of 23,600. It finally ended with a gain of 60 points at 23,709.This weekly Nifty opened at 7,174 hitting a high of 7,236 and low of 6967, before ending with a gain of 20 points at 7,205.

NIFTY FUTURE AS PER TECHNICAL

This week, both the indices closed below the short term average of 22 dma Nifty 7302. Nifty continue to remain below the medium term average of 50dma Nifty 7500 and even the long term average of 200dma Nifty – 7880. Thus the Pull-Back rally is unlikely to cross this Resistance zone. This week, both the indices achieved the Bullish Head and Shoulders (daily chart) target of Nifty 7300. Nifty remain on track to achieve the higher degree Head and Shoulders (weekly chart), the target for which falls at Nifty 7000 MACD and Price ROC are both negative and  RSI (36).

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 22 FEB 2016

It was a consolidation session for the market today, but the week was strong as equity benchmarks saw biggest weekly gains in 2016 on short covering and globally rally & oil recovery. The Sensex and Nifty swung between gains and losses on Friday and finally concluded the session in green on buying in last leg of the trade. Sensex closed 59 points up at 23709, while the NSE Nifty closed above 7200 level, up 19 points to 7210. Markets closed on a strong note extending yesterday’s gain on the back of firm European markets. Renewed buying interest by the foreign portfolio investors after long period of time and recovery in global commodity prices boosted the sentiment of the investors. Market breadth turned positive with 18 of the 30 Sensex components ending the day in green.

NIFTY TIPS FOR 19 FEB 2016

Nifty closed on a bull note at 7182. So today on upside first resistance is at 7153-58 level.Next resistance are at 7199-04,7230-35. level On downside first support is at 7062-57 level.Next support are at 7017-12,6987-82. Market is still in bear side but long can be taken unless nifty goes below 7012 level .So today on upside intra resistance are at 7158 and 7204 level and above 7230 trend can become stronger .On downside be alert below 7057 and avoid all intraday longs below 7012 level .

NIFTY TIPS FOR 18 FEB 2016

“BUY NIFTY ABOVE 7175 TGT 7220/7260 “

                                     “SELL NIFTY BELOW 7060 TGT 7020/6980”
The Sensex opened at 23,237, touched an intra-day high of 23,434 and low of 22,924. It finally ended with a gain of 190 points at 23, 382. The Nifty opened at 7,059 hitting a high of 7,117 and low of 6,961, before ending with a gain of 60 points at 7,108. Nifty closed on a bear note at 7048. So today on upside first resistance is at 7093-98 level. Next resistance are at 7139-44, On downside first support is at 7002-97 level. Next support are at 6956-51, Market is in bear side .So today on upside intra resistance are at 7098 and 7144 level .On downside be alert below 6997 and avoid all intraday longs below 6951 level .The market surrendered most of the gains made in the recent rally. The index closed even below the 7050-mark, which at least I was not anticipating.

NIFTY TRADING TIPS FOR 17 FEB 2016

Late sell-off dragged market sharply on Tuesday. The Sensex ended down 362.15 points or 1.5 percent at 23191.97. The Nifty slipped 114.70 points or 1.6 percent at 7048.25. The Sensex opened at 23,689, touched an intra-day high of 23,692 and low of 23,165. It finally ended with a loss of 362 points at 23,191.The Nifty opened at 7,201 hitting a high of 7,205 and low of 7,038, before ending with a loss of 115 points at 7,048."Technically, we are in a bear market right now, because we have corrected by more than 20 per cent from the peak levels, which we made about a year ago last March. Right now, the market is driven a lot by what is happening globally.