NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 OCT

Indian market ended today's listless session on a flat note and Nifty managed to close above its crucial psychological of 8700. Finally, the Sensex ended with a gain of 21 points at 28082. It opened at 28144, touched an intra-day high of 28217 and low of 28068. The Nifty closed with a gain of 17 points at 8715. It opened at 8735, hit an intraday high of 8746 and low of 8704.

NIFTY WEEKLY REPORT FOR 10 OCT TO 14 OCT 2016

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WEEKLY RESISTANCE FOR NIFTY: 8784, 8826, 8873, 8921

PIVOT POINT: 8742

WEEKLY SUPPORT FOR NIFTY :  8647,8605,8563,8473

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8747, 8761, 8803,8831

PIVOT POINT: 8719

DAILY SUPPORT FOR NIFTY :  8691, 8677, 8663, 8607

DAILY CHART FOR NIFTY

Sensex opened the week at 27865, made a high of 28451, low of 27865 and closed the week at 28061. Thus it closed the week with gain of 248 points. At the same time the Nifty opened the week at 8797, made a high of 8837, low of 8604  and closed the week at 8638. The Indian equity market fluctuated between gains and losses amid mixed global clues and ahead of U.S payrolls data. And continue to trade in a narrow range with negative bias weighed down by selling pressure among IT and oil shares.

TECHNICALLY SPEAKING.

MACD and Price ROC are both positive and continue in Buy mode. RSI (48) suggests bearish momentum. This week, both the indices remained comfortably above the short term average of 20dma Nifty – 8750, medium term average of 50dma Nifty – 8670 and even the long term average of 200dma Nifty – 8300. Thus the trend in the short term, medium term and even the long term timeframe continues to remain Bullish.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 OCT 2016

The week has ended on lackluster node. There was no positive trigger in the whole session. Sensex ended Friday's range-bound session 45 points lower and the Nifty settled below the crucial 8700 level as IT and energy shares came under selling pressure. Meanwhile, caution also prevailed ahead of a US jobs report due later in the day and the start of quarterly earnings season next week. The Sensex ended today’s trading with a loss of 45 points at 28061. It opened at 28129, touched an intra-day high of 28156 and low of 27965. The NSE Nifty closed with a loss of 12 points at 8698. It opened at 8722, hit an intra-day high of 8724 and low of 8664.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 OCT 2016

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Market is in consolidation face. Sensex fell over 100 points while the broader Nifty closed below its crucial psychological level of 8750 on the back of selling pressure in banking, IT and pharma stocks. The short-covering rallies have been halted by consolidation and caution ahead of key global event risks. The Sensex ended today’s trading with a loss of 115 points at 28106. It opened at 28298, touched an intra-day high of 28329 and low of 28031. The Nifty closed with a loss of 34 points at 8710. It opened at 8769, hit an intra-day high of 8781 and low of 8685.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 6 OCT 2016

On Wednesday market breadth was tilted in the favor of the bears.  India market erased its gains initial gains and was trading marginally lower due to weak Asian cues. The Nifty reclaimed its crucial level of 8800 supported by gains in realty, power, metal, consumer durable, capital goods, auto, and banks. The Sensex ended with a loss of 114 points at 28221. It opened at 28426, touched an intra-day high of 28478 and low of 28189. The Nifty closed with a loss of 25 points at 8743. It opened at 8806, hit an intra-day high of 8807 and low of 8731.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 5 OCT 2016

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The markets reacted positively at the closing hours here today after the Reserve bank of India announced its decision of slashing repo rate by 25 basis points. The central bank has reduced the key lending rate to 6.25 % from the earlier 6.50 %. The Sensex ended 91 points higher at over 28334 at the closing hours today. The Nifty 50 also witnessed a rise with the index going up by 31 points to end at over 8769. The Bank Nifty also recorded a surge as with the index going up by around 84 points or 0.43 per cent to reach the peak of 19672. The rate cut has added to the sentiment that the banks will pass the benefits on to their customer and home loan seekers as lesser rate will make loan cheaper. Equity benchmarks remained positive amid consolidation ahead of Urjit Patel's first monetary policy after he got appointed as RBI governor in last month. Finally, the Sensex ended with a gain of 91 points at 28335. It opened at 28378, touched an intra-day high of 28405 and low of 28242. The Nifty closed with a gain of 31 points at 8769. It opened at 8770, hit a intra day high of 8784 and low of 8736.

NIFTY PREDICTION FOR TUESDAY 4 OCT 2016

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The market ended with smart gains ahead of the RBI policy review tomorrow. Indices extended their winning streak for the second consecutive trading session today amid positive global cues and firm rupee. The newly-constituted monetary policy committee started its first meeting on Monday to fix the benchmark interest rate; the Reserve Bank of India may opt for status quo and wait for further easing of inflation. The 6-member panel headed by RBI governor Urjit Patel began its two-day deliberations to consider various factors like inflation, credit offtake and the need to propel growth, foreign trade and global economic factors. Moving away from the usual practice of announcement at 11am, the fourth bi-monthly monetary policy review would be made public at 2:30pm on Tuesday after the MPC meeting. The Sensex ended with a gain of 377 points at 28243. It opened at 27997, touched an intra-day high of 28273 and low of 27920. The Nifty closed with a gain of 127 points at 8738. It opened at 8666, hit an intra-day high of 8745 and low of 8635.

NIFTY WEEKLY REPORT FOR 03 OCT TO 07 OCT 2016

WEEKLY RESISTANCE FOR NIFTY: 8751, 8800, 8881, 8962

PIVOT POINT: 8702

WEEKLY SUPPORT FOR NIFTY :  8621,8540,8491,8442

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8659, 8681, 8713,8751

PIVOT POINT: 8637

DAILY SUPPORT FOR NIFTY :  8621, 8605, 8583, 8561

DAILY CHART FOR NIFTY

Sensex opened the week at 28741, made a high of 28776, low of 27754 and closed the week at 27865. Thus it closed the week with gain of 248 points. At the same time the Nifty opened the week at 8846, made a high of 8864, low of 8604  and closed the week at 8638. The key benchmark swung between gains and losses but finally closed higher on friday. After opening on a flat note indices remained under pressure and slipped lower in the first half. 

TECHNICALLY SPEAKING.

MACD and Price ROC are both positive and continue in Buy mode. RSI (55) suggests bearish momentum. This week, both the indices remained comfortably above the short term average of 20dma Nifty – 8740, medium term average of 50dma Nifty – 8654 and even the long term average of 200dma Nifty – 8250. Thus the trend in the short term, medium term and even the long term timeframe continues to remain Bullish.