NIFTY OUTLOOK & FREE NIFTY TIPS FOR 9 AUG 2016

"SELL  NIFTY BELOW 8730 TGT 8700/8650 SL 8760"

Flat starting of the week due RBI policy review tomorrow. Extending gains for the third straight session, the Sensex on Monday settled the day 104 points higher, while the broader Nifty came off its 52-week high but ended above its key resistance level of 8700.The Sensex ended with a gain of 104 points at 28183. The BSE Sensex opened at 28182 touched an intra-day high of 28226 and low of 28128. The Nifty closed with a gain of 28 points at 8711. The Nifty opened at 8713 hitting a high of 8723 and low of 8697.

NIFTY WEEKLY REPORT FOR 08 AUG TO 12 AUG 2016

WEEKLY RESISTANCE FOR NIFTY: 8670, 8711, 8770, 8829

PIVOT POINT: 8629

WEEKLY SUPPORT FOR NIFTY :  8570,8511,8470,8429

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8711, 8733, 8746,8760

PIVOT POINT: 8689

DAILY SUPPORT FOR NIFTY :  8675, 8662, 8640, 8630

DAILY CHART FOR NIFTY

Sensex opened the week at 28133, made a high of 28276, low of 27645 and closed the week at 28078. Thus it closed the week with gain of 248 points. At the same time the Nifty opened the week at 8625, made a high of 8747, low of 8547  and closed the week at 8594. Trading for the week ended on a buoyant note as key benchmark indices settled with strong gains as firmness in global stocks boosted sentiment on the domestic bourses. The barometer index, the S&P BSE Sensex rose 363.98 points or 1.31% to settle at 28,076.26. The gains for the Nifty 50 index were higher than those for the Sensex in percentage terms. The Nifty gained 132.05 points or 1.54% to settle at 8,683.15. The Sensex settled above the psychologically important 28,000 level after alternately moving above and below that mark earlier during the day after crossing that mark in mid-morning trade. The Sensex hit more than one-week closing high and the Nifty hit highest closing level in almost sixteen months.

GST – A REALITY; FINALLY

History was created when the Rajya Sabha cleared the historic GST bill on Wednesday. It resulted in profit booking as both the indices came crashing down. Followers of Classical theory were not surprised as the profit booking witnessed in the market only underlined the principle that ‘Price Discounts Everything’. The ‘Sell on News’ phenomena continued till Thursday before the market staged a strong comeback on Friday. Strong Support exists at the first Bullish Gap between 8479-8475 for the Nifty; as long as this support holds one can expect Nifty to reach the Flag target of 8869.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 08 AUG 2016

Trading for the week ended on a buoyant note as key benchmark indices settled with strong gains as firmness in global stocks boosted sentiment on the domestic bourses. Market also got some boost with the government is planning to set a target of April 1, 2017 for rollout of the GST Bill and unveiling a detailed road map for its implementation. Benchmark indices Sensex and Nifty ended in green on Friday. The Sensex and Nifty rose more than 1 per cent on Friday to notch up their biggest daily gain in almost four weeks after the Bank of England's stimulus plan lifted markets worldwide, while the passage of the Goods and Services Tax boosted the sentiment. The sensex settled 363 points up at 28078, while Nifty closed 132 points up at 8683.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 AUG 2016

Bears were the winner of today’s tug of war. The good gave witnessed today in the market between bulls and bears due to the discussion on GST bill placed in Rajyasabha. Finally, Sensex ended with a loss of 284 points at 27697. The Nifty closed with a loss of 78 points at 8544.  Extending downward trend for the fourth session, The Sensex plunges over 284 points to end at a three-week low of 27697 and Nifty cracked below the 8550-mark on lackluster global cues and a caution ahead of the decision on the landmark GST bill.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 03-08-16

Tug of war between bulls & bears. The market has been on a wobbly road, largely upward, as it awaited the GST since the beginning of the monsoon session. Today the Sensex ended with a loss of 21 points at 27982. The Sensex opened at 28069 touched an intra-day high of 28175 and low of 27944. The Nifty closed with a loss of 14 points at 8622. The Nifty opened at 8647 hitting a high of 8687 and low of 8611.  As market has been largely on a gaining spree for the last few weeks, chances are investors may have already priced in the GST Bill. We believe long-term bullishness in the market will remain intact and on GST transformation, market can move to a level beyond 8800.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 AUG 2016

"BUY NIFTY ABOVE 8650 TGT 8685/8730 SL 8620"

Nifty consolidated after making a fresh one year high on the back of negative cues coming in from international markets. However, the 40 point premium on Nifty futures could indicate the first signs of exuberance creeping into the markets. The Sensex on Monday wiped off all its gains to settle the day 48 points lower, while the broader Nifty ended below its key 8650-mark. The headline indices edged lower amid uncertainties over the passage of the Goods and Services Tax (GST) Bill, which entered the last mile as the government circulated the new draft on GST to Rajya Sabha members.

NIFTY WEEKLY REPORT FOR 01 AUG TO 05 AUG 2016

WEEKLY RESISTANCE FOR NIFTY: 8664, 8708, 8732, 8756

PIVOT POINT: 8619

WEEKLY SUPPORT FOR NIFTY :  8595,8571,8527,8482

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8698, 8707, 8715,8724

PIVOT POINT: 8688

DAILY SUPPORT FOR NIFTY :  8672, 8663, 8653, 8636

DAILY CHART FOR NIFTY

Sensex opened the week at 27737, made a high of 28268, low of 27669 and closed the week at 28051. Thus it closed the week with gain of 248 points. At the same time the Nifty opened the week at 8590, made a high of 8744, low of 8565  and closed the week at 8686. After gaining for two consecutive trading sessions, the Indian equity market closed lower on Friday. The key indices dropped in the morning trade on Friday on profit-booking by participants as the August derivatives series began on a negative note.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 AUG 2016

See-saw movement was there in the market today. After gaining for two consecutive trading sessions, the market closed lower on Friday. The sensex & nifty dropped in the morning trade on Friday on profit-booking by participants as the August derivatives series began on a negative note.  The Sensex ended with a gain of 184 points at 28209. The Sensex opened at 28109 touched an intra-day high of 28240 and low of 28065. The Nifty closed with a gain of 51 points at 8666. The Nifty opened at 8637 hitting a high of 8674 and low of 8625.