NIFTY OUTLOOK & FREE NIFTY TIPS FOR 20 JULY 2016

YESTERDAY’S IDEA FUTURE ACHIEVED 1^ST TGT

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The market is flat with the Nifty hovering around 8500The 50-share index is up 4 points at 8512. Trading volumes were thin, with investors also waiting for other corporate earnings and the progress of the Monsoon Session of Parliament amid hopes the government would be able to push through a revamp of the goods and services tax.

A range bound movement was witnessed as key benchmark indices languished in negative zone in mid-afternoon trade.  Finally, the Sensex ended with a gain of 41 points at 27788. The Sensex opened at 27790 touched an intra-day high of 27826 and low of 27638. The Nifty closed with a gain of 20 points at 8529. The Nifty opened at 8514 hitting a high of 8540 and low of 8477.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 19 JULY 2016

"BUY IDEA FUTURE ABOVE 105.4 TG 106.7/108.2 SL 103.2"

"BUY SBIN 225 PUT @ 3.6 TG 4.9 / 5.75"

The Week has started on positive note, but at the time of closing it came down. Wiping out most of its early gain the market closed lower on Monday. The Sensex ended with a loss of 90 points at 27747. The Sensex opened at 27920 touched an intra-day high of 28014 and low of 27697. The Nifty closed with a loss of 33 points at 8509. The Nifty opened at 8564 hitting a high of 8587 and low of 8494.

NIFTY WEEKLY REPORT FOR 18 JULY TO 22 JULY 2016

WEEKLY RESISTANCE FOR NIFTY: 8580, 8632, 8661, 8689

PIVOT POINT: 8527

WEEKLY SUPPORT FOR NIFTY :  8499,8470,8418,8364

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8580, 8599, 8620,8641

PIVOT POINT: 8562

DAILY SUPPORT FOR NIFTY :  8541, 8520, 8500, 8483

DAILY CHART FOR NIFTY

Sensex opened the week at 27208, made a high of 28039, low of 27047 and closed the week at 27852. Thus it closed the week with gain of 726 points. At the same time the Nifty opened the week at 8432, made a high of 8604, low of 8422  and closed the week at 8557. Thus it closed the week with gain of 227 points. The Indian stock market closed lower on Friday with the Nifty closing above the 8550 mark. The benchmarks under-performed the Asian peers, as index heavyweight Infosys posted disappointing results and slashed revenue forecasts. 

CONSOLIDATION AUGURS WELL FOR BULLS.

In a Bull market, it is normal to have a consolidation after a sharp upward move (more than 227 points on Nifty in 6 trading sessions). The current consolidation augurs well for the Bulls, as it will provide adequate strength to the Bulls to challenge the immediate short term top (Nifty 8600) and then continue with its upward journey. One positive aspect for the week was the Sensex closing above the strong Retracement level of 61.8% i.e. 27852 for three trading sessions. As long as it trades above this level, one can expect the indices to challenge their life time highs.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 JULY 2016

"SELL LT FUTURE BELOW 1562 TGT 1554/1548 SL 1568.90"
"BUY TATASTEEL 350 CALL @ 5.80 TGT 7.40/9.20 SL 3.50"

Lack of movement was there in the market today. Very range bound market was there in sensex & nifty. Sensex rose over 150 points while broader Nifty closed above its crucial psychological level of 8500 for first time in 11 months as encouraging U.S. data and expectations of further monetary stimulus from global policymakers held out hopes for a strong global economic outlook. The Indian stock market rallied for the second consecutive session ahead of IIP and inflation data to be released later in the day amid a firming trend overseas. The NSE Nifty closes above 8500 mark for first time since August 2015. Meanwhile, the strong likelihood of a GST Bill being passed in the monsoon session of Parliament, which starts on July 18, and hopes for a good start to the quarterly earnings season also boosted investor sentiment. The BSE Sensex ended with a gain of 181 points at 27808. The BSE Sensex opened at 27668 touched an intra-day high of 27828 and low of 27668. The NSE Nifty closed with a gain of 53 points at 8521. The NSE Nifty opened at 8503 hitting a high of 8527 and low of 8479.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 12 JULY 2016

“FUTURE BUY HDFC ABOVE 1310 TGT 1322-1332 SL 1300”

The week has started on bullish note. After last week's consolidation, bulls are back on driver seat on Monday. The Sensex & Nifty advanced nearly 2 %to their highest level in almost 11 months on Monday on account of firm global cues after strong US monthly jobs data reassured investors about the health of the world’s largest economy. The Sensex on Monday settled the day 500 points higher, while the broader Nifty jumped above its key resistance level of 8450-mark. The Sensex ended with a gain of 500 points at 26627. The Sensex opened at 26358 touched an intra-day high of 26647 and low of 26358. The Nifty closed with a gain of 145 points at 8468. The Nifty opened at 8413 hitting a high of 8475 and low of 8407. Positive US job data and expectations of a good start to the first quarter earnings season helped the market to rally. The rising stability in US economy is unlikely to support the Fed to make any changes in the interest rate in the near term due to the prevailing ambiguity caused by Brexit. This will provide a space to emergin markets like India to attract foreign funds.

NIFTY WEEKLY REPORT FOR 11 JUNE TO 15 JUNE 2016

WEEKLY RESISTANCE FOR NIFTY: 8386, 8405, 8429, 8452

PIVOT POINT: 8367

WEEKLY SUPPORT FOR NIFTY :  8344,8320,8300,8882

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8347, 8365, 8376,8388

PIVOT POINT: 8330

DAILY SUPPORT FOR NIFTY :  8318, 8307, 8289, 8272

DAILY CHART FOR NIFTY

Sensex opened the week at 27169, made a high of 27360, low of 27047 and closed the week at 27126. Thus it closed the week with a loss of 127 points. At the same time the Nifty opened the week at 8385, made a high of 8415, low of 8295  and closed the week at 8242. Thus the Nifty closed the week with a loss of 10 points. The Indian equity market ended with marginal losses on Friday amid another lackluster day of trades. Weak global cues and profit booking saw the indices close with minor losses. Once again indices were unable to find a specific direction for second consecutive day. 

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 JULY 2016

"BUY NIFTY ABOVE 8360 TGT 8400/8430 SL 8325"

Stock markets ended the day with marginal gains on Thursday tracking firm European markets. Sensex closed 34 points up 27201, while Nifty index settled 2 points up at 8337. The Nifty started the session on a negative note at 8347. It is volatile and continues to trade sideways in a narrow range between 8330 and 8,370. Nifty closed with a loss of mere two points at 8338. The Nifty opened at 8342 hitting a high of 8362 and low of 8318. Sentiments also got some boost after the newly appointed Minister of State for Finance Santosh Gangwar’s statement that the government is confident of getting the much-delayed GST Bill passed in the upcoming Monsoon session of Parliament.

NIFTY WEEKLY REPORT FOR 04 JULY TO 08 JULY 2016

WEEKLY RESISTANCE FOR NIFTY: 8297, 8380, 8428, 8476

PIVOT POINT: 8214

WEEKLY SUPPORT FOR NIFTY :  8166,8118,8035,7952

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8367, 8378, 8388,8398

PIVOT POINT: 8356

DAILY SUPPORT FOR NIFTY :  8346, 8336, 8325, 8312

DAILY CHART FOR NIFTY

Sensex opened the weekat 25623, made a high of 27020, low of 23002 and closed the week at 26999. Thusit closed the week with a loss of 128 points. At the same time the Nifty openedthe week at 8050, made a high of 8377, low of 8048  and closed theweek at 8358. Stock market in India ended in the green for fifth consecutivetrading session. Healthy macro-economic data and positive global cues liftedthe indices to close higher on Friday.