NIFTY OUTLOOK & FREE NIFTY TIPS FOR 27 MAY 2016

The Sensex  jumped 485 points to reclaim its crucial psychological level of 26,000, while the broader Nifty settled above its key 8050-mark as the May series derivative expiry concluded. Extending its gains for the third straight session on Thursday,  The headline indices hit their 2016 highs on favourable quarterly earnings. Positive cues from the global markets also contributed to the gains. Sensex ended with a gain of 486 points at 26,367. The Sensex opened at 26,008 touched an intra-day high of 26,399 and low of 25,941.The Nifty closed with a gain of 135 points at 8,070. The Nifty opened at 7,974 hitting a high of 8,083 and low of 7,949.

Indian Stock Market would open positive. Today is F&O Expiry day and market would see huge volatility. Technically, Indian Stock Market has entered into positive zone and now traders should go long at every dip in the market. Nifty would see some strong resistance near 8100-8150 levels, breaching which Nifty would confirm Inverse Head and Shoulder Pattern that is bullish in nature. If Nifty breaches levels of 8150 then next targets for Nifty would be 8250-8350 levels. BankNifty would also see strong resistance near 17577 levels, breaching which a sharp breakout would be seen in BankNifty. FIIs were net buyers of Rs.495.08 crores whereas DIIs were net buyers of Rs.337.22 crores in cash market for last trading session. Nifty would see strong support at 7850-7865-7900 whereas strong resistance would be seen at 8025-8080-8145-8200 levels.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 26 MAY 2016

Markets staged a stellar rally today, on 25 May 25, 2016 the indices closing 2.5 % higher on the back of better than expected earnings and positive global cues. Markets continue to remain strong with banks displaying a spectacular rally. Global cues are definitely supporting and on top of that Skymet came out with the market commentary and raised its monsoon forecast, which is adding to the positive sentiment. Markets have opened the session on a robust note mirroring strength in the Asian equities following a strong finish on the Wall Street on upbeat new homes sales data. Revised upward its 2016 southwest monsoon forecast by Skymet uplifted the mood. Today nifty swing higher towards 7855 anticipated yesterday paused midway but is expected to mature fully today. However, as maintained yesterday along the trading strategies, the level 7855 mark is likely to is ask questions, and challenge the upside convictions. Volatility is favored to dominate as the day matures.

NIFTY IN UPTREND LEADING TO POSITIVE F&O EXPIRY ON THRUSDAY

Tatasteel call  given in last post  achieved first target and almost hit  the second target.

Indian Stock Market would open Negative. Technically, Indian Stock Market is still in negative zone. Now, 7715 levels would be an important closing levels to watch out for. Nifty if closes below 7715 levels then next target for Nifty would be 7678-7600 for Nifty and 16200 levels for BankNifty. Traders should continue holding short positions and should initiate further short positions for every positive rally in the market. Sensex ended with a gain of 75 points at 25,305. The Sensex opened at 25,519 touched an intra-day high of 25,340 and low of 25,181.

The Nifty closed with a gain of 28 points at 7,759. The  Nifty opened at 7,738 hitting a high of 7,761 and low of 7,715. After registering losses for four straight sessions, markets closed positive in today’s trade as investors accumulated quality stocks at valuable and attractive levels. Strength in European equities further uplifted the mood at D- Street.

NIFTY OUTLOOK FOR 24 MAY 2016

“SELL TATASTEEL FUTURE BELOW 314.40 TG 313.20,311.20 SL 316.90”

“BUY IDFC 47.50 CALL @0.50 TG 0.90,1.40”

NIFTY closed at 7739 with loss.Nifty future below 7820 facing strong supply from market and heading towards 7600.For tomorrow market trend will remain bearish ,strategy remains buy at support but only for intraday.

Nifty intraday support 7685 and 7660 while on upper side7740 and 7790 are strong resistance levels only for intraday

Nifty is likely to hover at 7700-7950 levels in coming days, but could see a relief rally if Federal Reserve and Brexit do not make any move

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.