The
markets are in a consolidation phase after hitting 52-week highs earlier in the
week. Today on week ended Friday the market opened higher led by gains in
auto companies and ahead of US jobs data, which is expected to came
in stronger, thus raising chances of a Federal Reserve rate hike
soon. Late buying helped the Nifty close above psychological 8800 level for the
first time since April 2015, driven by banks, auto and telecom stocks The
Sensex ended with a gain of 109 points at 28532. The Sensex opened at 28499 touched
an intra-day high of 28582 and low of 28428.
Friday, September 2, 2016
Thursday, September 1, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 SEP 2016
The market
continues to remain sluggish. The Indian stock market opened on a
flat note Thursday as investors digested disappointing GDP and infrastructure
output data and looked ahead to Friday's U.S. jobs report for clues regarding
the Fed's next move. Sensex drops 28 points to end at 28423, while the Nifty
falls 11 points to close at 8774. The Sensex opened at 28459 touched an
intra-day high of 28548 and low of 28387.The Nifty opened at 8794 hitting a
high of 8813 and low of 8760.
Wednesday, August 31, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 SEP 2016
FOR MORE CALLS
FILL UP THE FORM GIVEN HERE>>>>
The Nifty
ended with a decisive break above 8700 on Tuesday. Sentiments got a boost with
the latest statement from the RBI, sharing optimism over the growth prospect in
this fiscal. Also, firm opening of European markets further strengthened the
rally. The Sensex and Nifty rose for third straight session on Wednesday
led by gains in banking and capital goods stocks. The Sensex ended 109 points
higher at 28452 and Nifty advanced 42 points to settle at 8786. Earlier in the
day, the Sensex and Nifty registered their fresh 52-week highs. Finally, the Sensex
ended with a gain of 109 points at 28452. The Sensex opened at 28372 touched an
intra-day high of 28532 and low of 28363. The Nifty closed with a gain of 42
points at 8786. The Nifty opened at 8754 hitting a high of 8819 and low of
8754.
Tuesday, August 30, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 31 AUG 2016
The Sensex provisionally settled above the psychological 28,000 mark after reclaiming that level in the opening trade. The Sensex hit its highest level in more than thirteen months in late trade. The Nifty hit its highest level in more than sixteen months in late trade.The Sensex ended with a gain of 440 points at 28,343. The Sensex opened at 28,102 touched an intra-day high of 28,478 and low of 28,011.The Nifty closed with a gain of 137 points at 8,744. The Nifty opened at 8,647 hitting a high of 8,751 and low of 8,642. Now Technically, Nifty is in positive zone and BankNifty is also in Positive zone."BUY YES BANK FUTURE ABOVE 1364 TGT 1372/1388 SL 1355""SELL RCOM FUTURE BELOW 53.80 TGT 53.20/52.70 SL 55.20"
Monday, August 29, 2016
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30 AUG
“SELL BANKNIFTY BELOW 19350 TGT 19200/19110 SL 19450”
The Sensex on Monday rallied in late
trade to finish 120 points higher, but below its crucial psychological level of
28,000, while the broader Nifty topped its key 8600-mark.
The Sensex and Nifty reversed their early morning losses and closed higher
on Monday on account of buying in selected blue chip companies. Sensex
advanced 120 points to end at 27902, while Nifty closed 34 points up at
8607.
Saturday, August 27, 2016
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
Friday, August 26, 2016
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.
Wednesday, August 24, 2016
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.
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