NIFTY WEEKLY REPORT FOR 23 MAY TO 27 MAY 2016

WEEKLY RESISTANCE FOR NIFTY: 7871, 7903, 7962, 8021

PIVOT POINT: 7839

WEEKLY SUPPORT FOR NIFTY :  7721,7689,7657,7566

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: , 7810, 7855, 7891,7928

PIVOT POINT: 7782

DAILY SUPPORT FOR NIFTY :  7737, 7723, 7709, 7672

DAILY CHART FOR NIFTY

Sensex opened the week at 25489, made a high of 25870, low of 25454 and closed the week at 25447. Thus it closed the week with a loss of 50 points. At the same time the Nifty opened the week at 7840, made a high of 7957, low of 7775.25  and closed the week at 7785. Thus the Nifty closed the week with a loss of 47 points.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 23 MAY 2016

Its gets worst for the stock market as sensex & nifty extended losing streak in Friday's trading session also. Nifty ended below the 200-DMA however, just managed to close at the 7750 level. After opening on flat note, nifty & sensex were stuck in a narrow trading range throughout the day. However, the sensex fell sharply at the fag end of the day as selling pressure accentuated. Extending losses on Friday also, the Sensex settled the day 98 points lower in a volatile trading day, while Nifty ended a tad below its key 7750-level. Sentiment on the Street remained cautious after comments from a key Federal Reserve official led to increased expectations of the US Federal Reserve hiking interest rates as early as next month in june only. The market is a bit nervous about the possibility of a rate hike by the Fed next month in June 2016. If global markets crack, then our markets will definitely follow suit.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 20 MAY 2016

"SELL HINDALO FUTURE BELOW 86.40 TGT 85.90/84.30 SL 87.80"

"BUY RCOM 52.5 CALL @ 0.65 TGT 1.20/1.70"

Volatility ruled the roost. Fed rate hike is a worry not just for India but for all emerging markets and it is this uncertainty which is turning markets more volatile. Falling for a second straight day, the benchmark Sensex today plummeted by 305 points to hit over two-week low of 25399 on speculations that the US Federal Reserve may raise interest rate in June. Fears that the US central bank may resume raising interest rates in the United States as early as next month pulled global stocks lower and Indian markets followed suit. Key benchmark indices continued to languish in negative zone.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 19 MAY 2016

Indian stock markets opened with a gap-down, tracking the weak global cues, specifically from the Asian markets. Nifty and Sensex opened 44 and 102 points down respectively. After opening lower whole day markets was trading range bound. Both the indices closed at lower side. Snapping two-session long gaining spree, the Sensex on Wednesday settled the day 69 points lower, while the broader  Nifty held below 7900-mark. The Sensex ended with a loss of 69 points at 25705. The Sensex opened at 25671 touched an intra-day high of 25747 and low of 25503. The Nifty closed with a loss of 21 points at 7870. The Nifty opened at 7847 hitting a high of 7882 and low of 7811.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 18 MAY 2016

HINDUNILVR FUTURE ACHIEVED 1^ST TGT

ONGC NOT EXECUTED

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Market sentiments remained upbeat following exit polls at the end of polling in Assam, showed BJP winning the elections for the first time. Both the indices nifty & sensex extended their gains for the second straight day on Tuesday on account of firm global cues. The Sensex closed 120 points up at 25773, while Nifty closed 30 points up at 7890. The Sensex ended with a gain of 120 points at 25775. The Sensex opened at 25756 touched an intraday high of 25927 and low of 25734. The Nifty closed with a gain of 30 points at 7891. The Nifty opened at 7897 hitting a high of 7940 and low of 7880.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 MAY 2016

 "BUY HINDUNILVR FUTURE ABOVE 846 TG 849/855 SL 840""SELL ONGC FUTURE BELOW 202 TG 201.2/200.4 SL 203.9"

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Commodity Trading Tips

See-Saw movement was there in the market today. The Indian equity market ended with smart gains and closed near day’s high on Monday. After opening with positive bias indices slipped lower and remained under pressure in the first half of the day. Official data released today showed that India's wholesale price-based inflation unexpectedly turned positive for the first time in 18 months in April, driven by costlier food items such as vegetables and pulses. The Sensex recovered from its intraday lows to end the session up 163 points at 25653. The Sensex opened at 25529 touched an intraday high of 25688 and low of 25352. The Nifty gained 45 points to finish at 7860. The Nifty opened at 7831 hitting a high of 7874 and low of 7772.

NIFTY WEEKLY REPORT FOR 16 MAY TO 20 MAY 2016

WEEKLY RESISTANCE FOR NIFTY: 7933, 7986, 8015, 8044

PIVOT POINT: 7880

WEEKLY SUPPORT FOR NIFTY :  7851,7822,7769,7634

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: , 7837, 7861, 7886,7913

PIVOT POINT: 7745

DAILY SUPPORT FOR NIFTY :  7783, 7758, 7682, 7631

DAILY CHART FOR NIFTY

Sensex opened the week at 25150, made a high of 25776, low of 25081 and closed the week at 25496. Thus it closed the week with a gain of 268 points. At the same time the Nifty opened the week at 7733, made a high of 7939, low of 7700.95  and closed the week at 7832. Thus the Nifty closed the week with a gain of 60 points.

SELL IN MAY & GO ON A VACATION.

Historically, the stock market associates the month of May with Bearishness. This time too, it is playing out in a similar fashion as the Bears have started taking command. The old adage “Sell in May & Go on a Vacation” holds particularly true, as the market seems ready to test lower levels going forward. The short term trend has turned negative this week, as now every rally is being sold into, with 20dma and 200dma providing strong Resistances. The Bulls have a flicker of hope as the market has taken support at the Bullish Gap between Sensex 25358-25180 and Nifty 7772-7717 and closed within it.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 MAY 2016

"BUY AXISBANK 520 CALL @ 3 TGT  7/9"

"SELL BANKNIFTY FUTURE @ 16980 TGT 16940/16900 SL 17050"

It was a see-saw trading day for today. After a dismal trading session yesterday, markets bounced back today owing to a spectacular rally in bank stocks after the Rajya Sabha approved the Bankruptcy Bill. The sentiment also got some support after a UN report said that despite delay in domestic policy reforms, India’s economy is slowly gaining momentum and is projected to grow by 7.3 % this year. Markets held its gains throughout the trading session and managed to close on a positive territory. The Sensex closed 193 points up at 25790, while the Nifty index settled 51 points up at 7900. The Sensex opened at 25685 touched an intra-day high of 25827 and low of 25620. The NSE Nifty opened at 7871 hitting a high of 7916 and low of 7850. Derivative traders can initiate a slightly aggressive bull call spread by buying the 8000 Call and selling the 8200 puts for a net debit of 47 points. The risk reward is favorable considering max loss is capped to 47 for a maximum profit of 153 points.