NIFTY OUTLOOK & FREE NIFTY TIPS FOR 21 FEB 2017

The Sensex surged over 126 points and Nifty reclaimed the 8800-level in early trade today as domestic investors and foreign funds indulged in sustained buying ahead of key industrial output numbers to be released later in the day.  Besides, better-than-expected earnings by some more companies also fuelled the positive sentiment.  Lacklustre quarterly readings of a few Nifty companies kept sentiment depressed. On top of it, rush to take profit at the fag end of trading washed off much of the initial gains. The Nifty, which rescaled the 8800 mark and touched a high of 8822 intra-day, finished at 8793, up 15 points.

NIFTY WEEKLY PREDICTION FOR 20 FEB TO 23 FEB 2017

 WEEKLY RESISTANCE FOR NIFTY: 8786, 8846, 8876, 8905

PIVOT POINT: 8757

WEEKLY SUPPORT FOR NIFTY :  8727,8697,8667,8608

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8849, 8865, 8885,8904

PIVOT POINT: 8832

DAILY SUPPORT FOR NIFTY :  8790, 8777, 8760,8724

DAILY CHART FOR NIFTY

Sensex opened the week at 28355, made a high of 22575, low of 28122 and closed the week at 28440. Thus it closed the week with a gain of 115 points. At the same time the Nifty opened the week at 8836, made a high of 8872, low of 8727and closed the week at 8826.Thus it closed the week with a gain of 22points.Indices settled the day higher, gaining for the fourth straight week driven by financials even after RBI put HDFC Bank back in the FII ban list.The Central Bank said the private bank has crossed overall limit of 74% of its paid-up capital and no further purchases of shares the bank would be allowed via exchanges for FIIs. It had allowed foreign investors to resume buying in the private bank earlier.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 FEB 2017

Market Sensex surged by 146 points today to close at 28301, snapping a two-session losing run as IT stocks led the recovery after TCS said its board will consider share buyback next week. The Nifty rose 53 points to 8778.  The Sensex, after opening on a strong note at 28,223.85, succumbed to profit-booking and slipped into the negative terrain to hit the day's low of 28146 before bouncing back to close higher by 145 points at 28301. It touched an intra-day high of 28327. The gauge had lost 196 points in the last two days. The Nifty gained 53 points to 8778. Intra-day, it shuttled between 8783 and 8719.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 FEB 2017

The Sensex extended its losses for the second straight day, falling over 69 points on Wednesday on sustained selling by investors amid disappointing corporate earnings. The Sensex fell further with auto, realty, healthcare and consumer durables stocks leading the fall. The gauge had lost 12 points in the previous session.  The Sensex closed lower by 184 points to 28156, while the Nifty 50 fell 68 point to 8725. Despite positive cues from Asian and European markets, Indian stocks trade lower today, with investors continuing to press sales, amid concerns about near term economic outlook and on some disappointing quarterly results.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 FEB 2017

"YESBANK FUTURE ACHIEVED 1^ST TGT"

"HINDALCO  NOT EXECUTED"

Market ended flat with a negative bias on Tuesday, mirroring weak Asian markets and mixed cues from Europe, as investors awaited Fed chief Janet Yellen's testimony before Congressional committees today and tomorrow. The Sensex finished down 12 points at 28339, dragged down by auto stocks. The Sensex touched a high of 28386 points and a low of 28263 points during the intra-day trade. The broader Nifty index fell by 12 points to 8792.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 14 FEB 2017

"BUY YESBANK FUTURE ABOVE 1458 TG 1469/1484 SL 1447"

"SELL HINDALCO FUTURE BELOW 183 TG 181.2/177.4 SL 186"

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The week has started on positive note. Today market showed a range-bound movement wit  positive bias as investors are awaiting CPI inflation data today. The Sensex inched up by 17 points to close at 28351, while the Nifty went past the 8800 level. The Index slipped to touch a low of 28197 before settling 17 points, higher at 28351. The Nifty too settled 11 points higher at 8805 after shuttling between 8826 and 8754 level. Due to a slowdown in demand on account of demonetization, the CPI inflation is likely to moderate further and it will not create much impact on RBI to change their current neutral stance. Focus will be on earnings and a revival in demand with realization growth.

NIFTY WEEKLY PREDICTION FOR 13 FEB TO 17 FEB 2017

WEEKLY RESISTANCE FOR NIFTY: 8819, 8848, 8875, 8900

PIVOT POINT: 8790

WEEKLY SUPPORT FOR NIFTY :  8764,8737,8700,8679

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8823, 8840, 8864,8890

PIVOT POINT: 8811

DAILY SUPPORT FOR NIFTY :  8780, 8767, 8743,8700

DAILY CHART FOR NIFTY

Sensex opened the week at 28426, made a high of 22469, low of 28168 and closed the week at 28325. Thus it closed the week with a gain of 457points. At the same time the Nifty opened the week at 8808, made a high of 8843, low of 8732and closed the week at 8809.Thus it closed the week with a gain of 137points.Indices settled the day flat even ahead of December factory output later today on hopes of reviving economy. The factory output grew by 5.7% in November even after the note ban announced by PM NarendraModi. Sentiment was also affected as Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data.Nifty continued to hover around 8,800 levels.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 FEB 2017

Market erased early losses to close modestly higher on Thursday, with IT stocks taking the lead after recent steep losses on worries over H1B visa policy changes in the U.S.

The Sensex rose 39 points to 28329, snapping two days of losses. The Nifty index added 9 points to finish at 8778. The Sensex which opened at 28349 points, traded at 28281 points down 8 points, from the previous close at 28289 points.  The Sensex has so far touched a high of 28469 points and a low of 28152 points during intra-day trade.