NIFTY WEEKLY REPORT FOR 15 NOV TO 18 NOV 2016

WEEKLY RESISTANCE FOR NIFTY: 8470, 8602, 8739, 8770

PIVOT POINT: 8339

WEEKLY SUPPORT FOR NIFTY :  8201,8064,7932,7801

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8401, 8429, 8498,8532

PIVOT POINT: 8372

DAILY SUPPORT FOR NIFTY :  8321, 8269, 8241, 8212

DAILY CHART FOR NIFTY

Sensex opened the week at 27852, made a high of 27743, low of 25902 and closed the week at 26818. Thus it closed the week with a loss of 456 points. At the same time the Nifty opened the week at 8535, made a high of 8614, low of 8076 and closed the week at 8327. Thus the Nifty closed the week with a loss of 137 points.  

BIG RANGE : 8000 – 8600.

On Wednesday, the indices opened with a big gap down; tested and even breached the 200dma, but quickly recovered from that level. At one point of time, Sensex was down by more than 1600 points; post which both the indices saw a smart recovery. Interestingly both Sensex and Nifty achieved the Head and Shoulders target of Sensex 26352 and Nifty 8139. As it usually happens, the next few days or even weeks can go in for consolidation, with range being 8600 on the higher side and 8000 on the lower side.

GOVERNMENT DECISION; MARKET SUFFERS.

In a shocking move on Tuesday evening, the Modi Government decided to do away Currency of higher denomination with immediate effect. It was a very strong and bold step taken by the Government to clean up the financial mess that the economy is into, besides stopping Terror Financing. And, A sudden spike in US bond yields to a 10-month high rattled emerging equity markets today, 11 November 2016. Donald Trump was declared as the 45th President of the United States on Wednesday, 9 November 2016.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 11 NOV 2016

"SELL MARUTI FUTURE BELOW 5320 TG 5300/5280 SL 5355"

"BUY NIFTY FUTURE ABOVE 8559 TG 8589/8619 SL 8524"

Indian stocks market rebounded sharply on Thursday, tracking similar upsurge in other global markets after Donald Trump's shock victory. The Sensex rose as much as 491 points and the Nifty moved closer to its crucial psychological level of 8600. The Indian stock market gained the most in nearly 1-month, following a rebound in Asian markets after their steepest slide since Brexit, on speculation that U.S. President-Elect Donald Trump will pursue business-friendly policies. Nifty Realty index surged 4.5% after losing more than 10% on black money crackdown. Nifty Bank hits 20K for the first time since September 23, 2016. Finally, the Sensex ended with a gain of 265 points at 27518. It opened at 27605, touched an intra-day high of 27743, and hit a low of 27457. The Nifty closed with a gain of 87 points at 8519. It opened at 8556, hitting a high of 8598 and low of 8511.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 NOV 2016

Bulls & bears were on roller-coaster ride today. Markets went off the rails as Sensex crashed 1689 points and Nifty over 541 points in early session after a surprise Donald Trump win and the government’s move to withdraw high value notes, but managed to pull back towards the fag-end to close 339 points lower. The Sensex and the Nifty opened sharply lower on Wednesday as a combination of factors the government decision to withdraw Rs 1000 and Rs 500 notes and increasing probability of Donald Trump winning the US Presidential election spooked investors who feared a tough and uncertain time again for the economy and the market. 
The NSE Nifty, which dipped below the 8100-mark, trimmed most of the initial losses and settled 111 points, down at 8432. Intra-day, the index hit a low of 8002 and high of 8476. The impacts could be different depending upon sectors - deflationary in some while contraction in others. This is a short-term risk for the economy. A couple of decades later, if one were to look back at the greatest economic moments of India; this would be one of them. The demonetization of 500 and 1000 Rupee notes will realign many things, right from the way we transact daily to real estate prices. This move once again proves that the government's intent and actions are in sync. Naturally, this will be great for the overall economy and the markets in general.

Nifty break above 8500 then it will increase the strong bullish pattern breakout, which will take the indices up towards 8555/8600. A strong break (close) below 8400 will increase the downside pressure and drag it to 8400, 8350 again. Traders can go short on a break below 8380 with a stop-loss at 8450 for the target of 8330.

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Supports: 8400 and 8350

Resistances: 8550 and 8600

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 9 NOV 2016

The domestic market extended their gains for a second straight session as the last of the opinion polls showed Hillary Clinton ahead of Donald Trump as Americans prepare to cast their ballots in the U.S. presidential election. The BSE and NSE opened in green on Tuesday, tracking strength in the global markets as Americans go to vote to decide their next President. Finally, the BSE Sensex ended with a gain of 132 points at 27,591.

The BSE Sensex opened at 27,537 touched an intra-day high of 27647 and low of 27407.
The NSE Nifty closed with a gain of 47 points at 8543. The NSE Nifty opened at 8540 hitting a high of 8559 and low of 8480.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 OCT 2016

The Sensex and Nifty ended higher on Monday, snapping four sessions of losses, as Democrat Hillary Clinton's prospects improved in the US presidential race after federal investigators cleared her in their latest review.  The Sensex staged a strong comeback to end with a gain of nearly 185 points, reversing its five-session losing run and tracking rebound in global market today after prospects of Hillary Clinton brightened in the US presidential race following an FBI reprieve. The Indian equity market ended higher on Monday snapping a five day losing streak. After gap up start, Nifty remained in a narrow range for most part of the session; however, profit taking in final hour trimmed the intraday gains. The Sensex ended with a gain of 184 points at 27459. The Sensex opened at 27552 touched an intra-day high of 27591 and low of 27399. The Nifty closed with a gain of 63 points at 8497. The NSE Nifty opened at 8536 hitting a high of 8535 and low of 8481.

NIFTY WEEKLY REPORT FOR 07 NOV TO 11 NOV 2016

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WEEKLY RESISTANCE FOR NIFTY: 8609, 8644, 8710, 8773

PIVOT POINT: 8574

WEEKLY SUPPORT FOR NIFTY :  8510,8445,8410,8375

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8494, 8517, 8546,8628

PIVOT POINT: 8471

DAILY SUPPORT FOR NIFTY :  8441, 8412, 8389, 8350

DAILY CHART FOR NIFTY

Sensex opened the week at 27843, made a high of 28020, low of 27213 and closed the week at 27274. Thus it closed the week with loss of 667 points. At the same time the Nifty opened the week at 8670, made a high of 8704, low of 8425 and closed the week at 8458. The Indian stock market declined for the third consecutive session after a weak opening in European equities increased anxiety among investors ahead of next week’s U.S. presidential elections. Both the indices ended the truncated week down 2.5%. It is their biggest weekly decline since October 2. Also, sharp decline in Midcap and Smallcap pack completely unsettled the participants and pushed them on the back foot.

NIFTY NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 NOV 2016

The market fluctuated between gains and losses as a selloff in drug makers was countered by rally in FMCG companies.  The market has opened in green. The Sensex ended with a loss of 156 points at 27274. The Sensex opened at 27466 touched an intra-day high of 27499 and low of 27194. The Nifty closed with a loss of 51 points at 8434. The Nifty opened at 8503 hitting a high of 8504 and low of 8400.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 NOV 2016

The Indian equity market closed down for a second straight session, as trading resumed after a public holiday. Sentiments were positive in the first half, thanks to upbeat core sector data and expansion in manufacturing PMI figures. Sensex fell for fourth day in a row while Nifty settled below its crucial psychological level of 8,500 for time in nearly four months on the back of a broad-based selloff. Uncertainty over a tight US presidential election is weighing on the sentiment and investors are offloading risk assets like equities and resorting to gold as a safe haven bets and gold prices in international markets have been on an upward spiral. The Sensex ended with a loss of 97 points at 27430. The Sensex opened at 27518 touched an intra-day high of 27601 and low of 27399. The Nifty closed with a loss of 29 points at 8485. The NSE Nifty opened at 8499 hitting a high of 8538 and low of 8476. Overall it was rangebound session for the market but late sell-off drove the Nifty below crucial support level of 8500. Benchmark indices closed lower for the fourth consecutive session.