NIFTY WEEKLY REPORT FOR 29 AUG TO 02 SEP 2016

WEEKLY RESISTANCE FOR NIFTY: 8644, 8664, 8698, 8732

PIVOT POINT: 8624

WEEKLY SUPPORT FOR NIFTY :  8590,8556,8535,8516

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8646, 8662, 8679,8695

PIVOT POINT: 8629

DAILY SUPPORT FOR NIFTY :  8613, 8596, 8580, 8563

DAILY CHART FOR NIFTY

Sensex opened the week at 28155, made a high of 28160, low of 27708 and closed the week at 27782. In the week ended Friday, 19 August 2016, the Sensex fell 295 points or 27782. At the same time the Nifty opened the week at 8645, made a high of 8743, low of 8596 and closed the week at 8625. The Nifty fell 55 points or to settle at 8,625.

TECHNICALLY SPEAKING

Technically, Indian Stock Market is in negative trend. Now, traders should watch for Nifty resistance of 8710 levels. Once Nifty breaches those levels, we would see new highs in days to come. Overall market is negative .Market is still in consolidation phase and further correction can’t be ruled out at this point of time. BankNifty would see immediate resistance at 19500 levels by closing and breaching these levels by closing would force market to see sharp breakout. BankNifty would surely see some correction below 19211 and nifty 8550. Since, MACD and Price ROC both are positive and continue with their Buy signals. RSI (50) .This week, both the indices continued to remain well above the short term average of 20dma Nifty – 8620, medium term average of 50dma Nifty – 8470 and even the long term average of 200dma Nifty – 8120. Thus the trend in the short term, medium term and the long term timeframe continues to remain Bearish.

BANKNifty Enters Negative Zone, Short Only If BankNifty Breaches 19211 Levels

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 29 AUG 2016

Indian market closed the first day of the September F&O contracts lower as investors await the commentary from U.S. Fed on how aggressively it plans to raise rates. The Sensex lost 0.2 % to 27782; while the Nifty declined 0.2 percent to 8572. The Sensex on Friday settled the day 53 points lower below its crucial psychological level of 28000, while the Nifty ended below its key 8600. Investors are wary Yellen will hint at a near-term interest rate hike, which could divert some of the massive liquidity that has underpinned emerging markets, after hawkish comments from a slew of other Fed officials recently. The Sensex ended with a loss of 54 points at 27782. The Sensex opened at 27883 touched an intra-day high of 27936 and low of 27697.The Nifty closed with a loss of 20 points at 8573. The NSE Nifty opened at 8614 hitting a high of 8624 and low of 8547.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 25 AUG 2016

“SELL BANKNIFTY BELOW 19350 TGT 19280/19200 SL 19410”

See-saw movement was there in the market today. The market swung between gains and losses and closed higher for the second consecutive session. Volatility continued ahead of expiry of August futures & options contracts. The Sensex on Wednesday gained 70 points to reclaim its crucial psychological level of 28000, while the broader Nifty settled the day at its key 8650 mark ahead of derivatives expiry of August series. The Sensex ended with a gain of 70 points at 28060. The Sensex opened at 28065 touched an intra-day high of 28108 and low of 27960. The Nifty closed with a gain of 18 points at 8650 The Nifty opened at 8648 hitting a high of 8661 and low of 8621. Attention now is on Fed Chair Janet Yellen's speech at the annual central bank symposium in Jackson Hole on Friday. They still doubt the stars will align for a hike anytime soon, so a hawkish tone from Yellen would challenge that view. Sentiment was also muted ahead of the expiry of the derivative contracts tomorrow.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 23 AUG 2016

"BUY DLF 165 PUT@2.70 TGT 3.85/4.20 SL 1.4"

"BUY HINDUNILVR FUTURE ABOVE 932.40 TGT 934.90/938.85 SL 925.50"

The market gave a muted reaction to Urjit Patel’s appointment as the new RBI Governor, with both indices slipped into negative territory.  Reserve Bank of India deputy governor Urjit Patel as new RBI governor. Patel is known for his hawkish view on inflation just like Raghuram Rajan whose term as the RBI governor ends on 4 September 2016. Patel will take charge as RBI governor for a 3 year term from 4 September 2016. The Sensex ended with a loss of 91 points at 27956. The Sensex opened at 28088 touched an intra-day high of 28143 and low of 27918. The Nifty closed with a loss of 38 points at 8629. The Nifty opened at 8667 hitting a high of 8685 and low of 8614.

NIFTY WEEKLY REPORT FOR 22 AUG TO 26 AUG 2016

WEEKLY RESISTANCE FOR NIFTY: 8700, 8758, 8782, 8839

PIVOT POINT: 8667

WEEKLY SUPPORT FOR NIFTY :  8643,8618,8585,8552

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8691, 8703, 8727,8751

PIVOT POINT: 8678

DAILY SUPPORT FOR NIFTY :  8654, 8642, 8629, 8600

DAILY CHART FOR NIFTY

Sensex opened the week at 28026, made a high of 28201, low of 27955 and closed the week at 28077. In the week ended Friday, 19 August 2016, the Sensex fell 75.40 points or 0.26% to settle at 28,077. At the same time the Nifty opened the week at 8695, made a high of 8713, low of 8601  and closed the week at 8680. The Nifty fell 5.25 points or 0.06% to settle at 8,680.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 22 AUG 2016

Market end flat amid lackluster session Nifty ends above 8650 mark. After Thursday's smart run up, indices took a breather today amid lackluster day of trades. The Sensex and Nifty closed marginally lower on Friday as the global sentiment was subdued following comments by some US Federal Reserve officials, although gains in individual stocks such as State Bank of India supported the indexes. The Sensex ended with a gain of 118 points at 28123. The Sensex opened at 28078 touched an intra-day high of 28214 and low of 28077. The Nifty closed with a gain of 49 points at 8673. The Nifty opened at 8649 hitting a high of 8691 and low of 8673.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 18 AUG 2016

Market movement remained lackluster for the second consecutive session Wednesday and closed lower amid mixed global cues as investors maintained cautious stance ahead of the minutes of the US Federal Reserve's latest policy meeting later today. Lack of domestic cues also caused the listless trade. Market sentiment remained down beat after wholesale inflation soared to a 23-month high of 3.55% in July. Traders turned cautious after US Federal Reserve official said interest rates could rise as soon as September. The Sensex on Wednesday settled the day 59 points lower, but above its crucial 28,000 level, while the broader Nifty closed below its key 8650 mark. The Sensex ended with a loss of 59 points at 28005. The Sensex opened at 28062 touched an intra-day high of 28174 and low of 27960. The Nifty closed with a loss of 19 points at 8624. The Nifty opened at 8640 hitting a high of 8667 and low of 8604.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 AUG 2016

Market mood stood down beat. The Indian stock market opened lower on Tuesday. The key benchmark is trading lower after disappointing macroeconomic data and weak trend in Asian markets. India's retail inflation hit a two-year high of 6.07% in July and the country's merchandise exports contracted 6.84% from a year earlier in the month, after a marginal rise in June.  The Sensex ended with a loss of 88 points at 28064. The Nifty closed with a loss of 30 points at 8642.