NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 SEP 2016

“SELL BANKNIFTY BELOW 20500 TGT 20400/20300 SL 20600”

Today, Sensex ended with a loss of 52 points at 28926. The Sensex opened at 29036 touched an intra-day high of 29068 and low of 28911.The Nifty closed with a loss of 25 points at 8918. The Nifty opened at 8969 hitting a high of 8969 and low of 8913. Now Technically, Indian Stock Market is in positive trend and traders should go long at every dip in the market. Traders can hold long positions in market for now, Nifty may see some immediate resistance at 8890-9000 levels .overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Now market is near 9000 levels and traders should be bit cautious at this level. We may see some consolidation or correction before further positive movement and once Nifty breaches levels of 9000, we would see levels for 9100 in a Niffy and would see new lifetime highs. But some correction is very much possible around 9000 levels.

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Supports: 8700 and 8650

Resistances: 8850 and 8900

NIFTY WEEKLY REPORT FOR 06 SEP TO 09 SEP 2016

WEEKLY RESISTANCE FOR NIFTY: 8835, 8921, 8978, 9034

PIVOT POINT: 8749

WEEKLY SUPPORT FOR NIFTY :  8693,8550,8464,8322

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8844, 8861, 8871,8906

PIVOT POINT: 8827

DAILY SUPPORT FOR NIFTY :  8818, 8808, 8791, 8774

DAILY CHART FOR NIFTY

DAILY RESISTANCE FOR BANKNIFTY: 19997, 20045, 20069,20166

PIVOT POINT: 19950

DAILY SUPPORT FOR BANKNIFTY : 19901, 19853, 19806, 19734

DAILY CHART FOR BANKNIFTYSensex opened the week at 27827, made a high of 28581, low of 27698 and closed the week at 28532. Thus it closed the week with a gain of 750 points. At the same time the Nifty opened the week at 8583, made a high of 8824, low of 8543 and closed the week at 8809. Thus the Nifty closed the week with a gain of 237 points. The Indian equity market closed the week on a positive note as indices erased initial losses on Friday and closed higher.

Ø LIFE-HIGHS CAN BE TESTED.

After a consolidation of more than six weeks, Market finally managed a bullish breakout of the narrow Trading Range of 250 Nifty points i.e. between 8728-8476. As a result Nifty will move higher to test the Measuring Gap target of 8833 and Flag pattern target of 8869. On the lower side of the Trading Range lies the Bullish Gap between Nifty 8479-8475. This has supported the Nifty six times before staging an upward breakout. Hence as long as this Bullish Gap holds, one can expect not only Measuring Gap target and Flag pattern target but also expect a shot at life time high levels for the indices.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 SEP 2016

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.

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.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 1 SEP 2016

YESTERDAY’S YESBANK FUTURE ALMOST ACHIVED 1^ST TGT

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.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 31 AUG 2016

"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"

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.

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.

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