NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 JUNE 2016

After taking a breather in the previous session, the bears were back on the driver seat. The indices extended decline to hit fresh intraday low in mid-morning trade. Weakness was seen in Asian indices after the Bank of Japan and the US Federal Reserve deciding to keep interest rates on hold weighed on domestic bourses. The Sensex on Thursday pared some losses to settle the day 200 points lower, while the Nifty ended below its key 8150-mark, tracking negative trend seen in global markets. The Sensex ended with a loss of 201 points at 26525. The Sensex opened at 26686 touched an intra-day high of 26686 and low of 26315. The Nifty closed with a loss of 66 points at 8141. The Nifty opened at 8181 hitting a high of 8180 and low of 8074. US Federal Reserve and Japan's central bank kept their respective monetary policies steady. Top losers from the Sensex pack are ICICI Bank, Maruti Suzuki, ITC, NTPC and Bharti Airtel, all falling between 2%-3%.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 JUNE 2016

Bulls are back on the driver seat. Snapping four-session long losing streak on Wednesday, the  Sensex settled the day 330 points higher, while the broader Nifty reclaimed its key 8200-mark. The Sensex and Nifty snapped a four-day losing streak on Wednesday after Union Cabinet approved new civil aviation policy and merger of five associaties with SBI amid firm Asian markets. Sensex closed 330 points up at 26726, while Nifty settled 97 points up at 8206. The Sensex opened at 26501 touched an intra-day high of 26753 and low of 26447. The Nifty closed with a gain of 98 points at 8206. The NSE Nifty opened at 8139 hitting a high of 8213 and low of 8123. The rally today was supported by strong European markets, ahead of Fed decision, and the cabinet approval for SBI (State Bank of India) units to merge with itself. MSCI’s decision of not including China A-shares in EM index also relieved investors. Looking at the US treasuries right now, it doesn’t look like market is expecting the Fed will hike rates tonight, but it remains to be seen whether it is a full stop, comma or a semicolon for now.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 JUNE 2016

See-saw movement was there in the market today.  On Tuesday Sensex & Nifty swung between gains and losses and ended the trade on a flat note. Key benchmark indices provisionally settled a tad below the flat line in what was a lackluster session of trade. The Sensex ended with a loss of mere one points at 26396. The Sensex opened at 26482 touched an intra-day high of 26485 and low of 26265. The Nifty closed with a loss of mere two points at 8109. The Nifty opened at 8134 hitting a high of 8135 and low of 8070. Investors have been on edge as they await the outcome of the US Federal Reserve’s two-day meeting that begins later in the day and worries over a referendum in Britain next week about whether to exit the European Union. Sentiment was further hit after data late on Monday showed India’s annual retail inflation rose to a near two-year high of 5.76% in May, while data on Tuesday showed stronger-than-expected Wholesale Price Index (WPI)-based inflation.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 14 JUNE 2016

"BUY INDIACEM FUTURE ABOVE 102.10 TGT 

102.85/104.20 SL 100.20"

"BUY ICICBANK 240 CALL @ 7 TGT 9.4/12.90 SL 

4.80"

The week has started on bearish note. The Sensex and Nifty fell for the third straight session on Monday on renewed worries about the impact of Britain’s June 23 referendum on whether to leave the European Union amid subdued Asian markets ahead of US Fed meet. The Sensex fell more than 1% on Monday and the Nifty tumbled below its crucial psychological level of 8100 on the back of weak global cues as risk aversion prevailed in risk assets across the globe ahead of key events like Brexit vote and US Fed meet which will kick off from tomorrow. The Sensex ended with a loss of 239 points at 26396. The Sensex opened at 26468 touched an intra-day high of 26468 and low of 26262. The Nifty closed with a loss of 59 points at 8111. The Nifty opened at 8102 hitting a high of 8125 and low of 8063. Weak IIP and expectation that CPI inflation is likely to accelerate is hammering the market. Weakness in rupee due to anxiety over the upcoming FOMC and BoJ policy meet is shifting the investor’s focus from riskier assets to safe havens like gold.

NIFTY WEEKLY REPORT FOR 13 JUNE TO 17 JUNE 2016

WEEKLY RESISTANCE FOR NIFTY: 8256, 8285, 8330, 8375

PIVOT POINT: 8228

WEEKLY SUPPORT FOR NIFTY :  8183,8138,8109,8007

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8245, 8269, 8322,8344

PIVOT POINT: 8220

DAILY SUPPORT FOR NIFTY :  8183, 8145, 8121, 8096

DAILY CHART FOR NIFTY

Sensex opened the week at 25150, made a high of 27009, low of 23002 and closed the week at 26763. Thus it closed the week with a loss of 80 points. At the same time the Nifty opened the week at 8248, made a high of 8318, low of 8171  and closed the week at 8190. "Markets exhibited a burst of volatility intraday on Friday, the indices rallied to the 8,300 levels after opening flat for the day, this upmove sharply reversed to take the markets lower for the day all the way to the 8,170 levels.

key events  

June 15:	FOMC Meeting Two-day meeting, June 14-15,2:00 p.m. ET Industrial Production and Capacity Utilization - G.17 ,9:15 a.m. ET

In overseas stock markets, Asian and European shares edged lower on concerns about global economic slowdown and concerns over the 23 June 2016 referendum that could see Britain exit the European Union. Earlier this week, the World Bank revised its global economic growth forecast for calendar year 2016 to 2.4% from the 2.9% projection in January. Key indices in UK, Germany and France dropped by between 1.68% to 2.25%. The UK government holds a referendum on 23 June 2016 on whether the country should remain a member of the EU. The Organization for Economic Cooperation and Development (OECD) has warned that Britain's leaving the EU the so-called Brexit could send shocks through global financial markets. Brexit would lead to economic uncertainty and hinder trade growth, with global effects being even stronger if the British withdrawal from the EU triggers volatility in financial markets.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 JUNE 2016

Bulls and bears had a great fight in this passing week of June 2016. Where bulls were trying to take nifty above 8330 levels but bears build a hurdle of 8150 which nifty could managed to cross. At the end bears won the race & take nifty to 8170 below key support level of 8200. Today on week ended Friday volatility was witnessed in the market. The Sensex ended 128 points lower, while the Nifty settled below its key support level of 8200. The Sensex & nifty logged their first weekly fall in three as caution prevailed ahead of the US Federal Reserve meeting next week and Britain's referendum on European Union membership on June 23. The Sensex ended with a loss of 128 points at 26636. The Sensex opened at 26723 touched an intra-day high of 26972 and low of 26621. The Nifty closed with a loss of 31 points at 8172. The Nifty continues to be stuck in the range of 8150-8300 all this week. Today, it opened near 8200 and surged to test the upper end of the range. The contract touched a high of 8299, but reversed. The range therefore remains intact.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 JUNE 2016

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.

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