Market closed Tuesday’s trading session in positive terrain
after Reserve Bank of India (RBI) kept key policy rates unchanged but
maintained an ‘accommodative’ stance going forward amid firm global cues.
Sensex rallied 232 points to close above 27,000, while Nifty settled at 8,266.
The RBI’s decision to keep key interest rate unchanged was largely in line with
investor expectations and did not have much immediate positive impact. However,
markets end off day’s high as participants book some of their profits in last
few hours of trade. The markets rallied Tuesday to close around a 1 per
cent higher for the session, banks outperformed on the back of a positive RBI
policy. SBI and ICICI bank were top performers for the day with both of them
closing over 4 % higher for the day. The Sensex opened at 26834 touched
an intra-day high of 27083 and low of 26829.The NSE Nifty opened at 8236
hitting a high of 8295 and low of 8216.
Tuesday, June 7, 2016
Monday, June 6, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 JUNE 2016
After opening on flat
note, indices were stuck in a narrow trading range throughout the day. Finally,
the Sensex ended with a loss of 66 points at 26777. The Sensex opened at 26898 touched
an intra-day high of 26901 and low of 26729. The Nifty closed with a loss of 20
points at 8201. The Nifty opened at 8229 hitting a high of 8235 and low of 8186.
As the Nifty has risen
significantly in the last few sessions, investors now keenly wait for signals
from market-moving events such as the RBI policy meet, the US Fed decision,
India's monsoon data and most importantly, the Brexit referendum later this
month.
Market may correct if RBI keeps status
quo on rates.
Technically on hourly charts some
divergence appears on momentum indicator RSI and Price action of Nifty Future which
will may be early sign of correction and trading below 8150 will nifty lower to
8070-8100.
An
emphatic breach of the key support at 8100 can strengthen selling pressure and
pull the contract down to 8050 and 8100 levels.
Strategy: In a sideways movement.
Tread with caution
RESISTANCE:8230-8260
SUPPORT: 8180, 8150
Saturday, June 4, 2016
NIFTY WEEKLY REPORT FOR 06 JUNE TO 10 JUNE 2016
Sensex opened the week
at 26463, made a high of 26747, low of 26448 and closed the week at 26843. Thus
it closed the week with a loss of 50 points. At the same time the Nifty opened
the week at 8211, made a high of 8275, low of
8156 and closed the week at 8233. Thus the Nifty closed the week with a
gain of 61 points. The support for the Nifty is 8150-8100 and the resistance to
the up move is at 8280-8350 levels. The market hit fresh7-month high intraday Friday with the Sensex reclaiming 27000 and Nifty 8250levels.
Friday, June 3, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 JUNE 2016
On week ended Friday 3 June 2016 bulls were trapped in the bears grip at the time of
closing. A bout of volatility was witnessed there in the market today. A
divergent trend was witnessed between the two key benchmark indices with the
barometer index, the Sensex, registering small losses and
the Nifty index registering minuscule gains on provisional basis. The
sensex declined 48 points at 26794, as per the provisional closing data. The
Nifty rose 1.85 points at 8,220, as per the provisional closing data.The Sensex
ended with a loss of 0.11 points at 26843. The Sensex opened at 26919 touched
an intra-day high of 27008 and low of 26817. The Nifty closed with a loss of
mere two points at 8221. The Nifty opened at 8246 hit a high of 8262 and low of
8214.
Wednesday, June 1, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 JUNE 2016
"BUY COALINDIA FUT ABOVE 302 TGT 310-315 SL 295"
Market was ended in green on Wednesday due to
increased buying by funds and investors driven by better-than-expected GDP data
but the movement of market was completely range bound. The Sensex ended with a
gain of 47 points at 26714. The Sensex opened at 26668 touched an intra-day
high of 26857 and low of 26672. The NSE Nifty closed with a gain of 19 points
at 8180. The NSE Nifty opened at 8179 hit a high of 8215 and low of 8171.The
near term outlook will remain bullish as long as the contract trades above 8150
levels. If nifty breaks the 8150 level traders can make use of rallies to
initiate fresh short position with a stop-loss at 8170 for the level of 8000.
Resumption of the down-move can drag the contract down to test the immediate
support at 8100. Selling pressure will intensify on a downward break through
the key support at 8070 and drag the contract down to 8030 and 8000 in the near
term.
Tuesday, May 31, 2016
NIFTY OUTLOOK AND FREE NIFTY TIPS FOR 1 JUNE 2016
Markets
remained tepid in trade with no significant moves in either direction. Some
volatility was there in afternoon dragged market lower. Nifty managed to close
above 8150.The Sensex closed down 57 points at 26667, and
the Nifty ended 18 points at 8160. Auto shares firmed up
ahead of their May sales numbers. Maruti Suzuki, Bajaj Auto and Hero Moto ended
up 0.6%-2% each.
Monday, May 30, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 31 MAY 2016
Markets consolidated after three days of rally. The
week has started on a positive note. Short covering, along with expectations of
healthy quarterly results and stable crude oil prices, pushed the Indian equity
markets higher on Monday. Today market closed in the green extending its
winning streak to fifth consecutive trading session. After opening with a
positive bias, indices were stuck in a narrow trading range. The key indices
oscillated in a narrow range following three days of sharp up-move and made
marginal gains during the mid-afternoon trade session. Buying was witnessed in
automobile, metals, and information technology (IT) stocks. The headline
indices rallied in line with positive trend seen in Asian markets after Federal
Reserve Chair Janet Yellen on Friday suggested that a near-term interest rate
hike could be around the corner. A slew of upbeat quarterly earnings such as
Hindalco Industries and hopes of above average monsoon also turned the
sentiment positive. The Sensex settled the day 72 points higher, while the
Nifty ended above its key 8150-mark. The Sensex ended with a gain of 72
points at 26726. The Sensex opened at 26695 touched an intra-day high of 26795
and low of 26623. The Nifty closed with a gain of 22 points at 8179. The Nifty
opened at 8166 hitting a high of 8200 and low of 8151.
Saturday, May 28, 2016
NIFTY WEEKLY REPORT FOR 30 MAY TO 03 JUNE 2016
WEEKLY
RESISTANCE FOR NIFTY: 8150, 8222, 8312, 8343
PIVOT
POINT: 7839
WEEKLY
SUPPORT FOR NIFTY : 7900,7862,7787,7622
WEEKLY CHAT FOR NIFTY
DAILY RESISTANCE FOR NIFTY: , 8170,8212,8276,8311
PIVOT
POINT: 7782
DAILY
SUPPORT FOR NIFTY : 8000, 7955,7911,7856
DAILY
CHART FOR NIFTY
Sensex opened the week at 25495, made a high of 26690, low of
25460 and closed the week at 26653. Thus it closed the week with a loss of 50
points. At the same time the Nifty opened the week at 7782,made a high
of 8181, low of 7722and closed the week at 8170. Thus the Nifty closed the
week with a loss of 47 points. Nifty would see strong support at
8005-7991-7959-7900 whereas strong resistance would be seen at
8086-8128-8180-8250 levels. The Indian equity market once again closed in the green
extending its winning streak to fourth straight session on Friday. The
Nifty closed at highest level in 7 months registering its biggest weekly
gain in nearly 3 months.
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