BANKNIFTY REPORT FOR FINANCIAL YEAR 2017-18

WEEKLY RESISTANCE FOR BANKNIFTY: 21582, 21637, 21670, 21699

PIVOT POINT: 21526

WEEKLY SUPPORT FOR BANKNIFTY :  21495,21464,21409,21353

WEEKLY CHAT FOR BANKNIFTY

DAILY RESISTANCE FOR BANKNIFTY: 9203, 9212, 9230,9242

PIVOT POINT: 9194

DAILY SUPPORT FOR BANKNIFTY :  9171, 9158, 9146,9130

DAILY CHART FOR BANKNIFTY

banknifty Still In Positive Momentum, Hold Long With Strict Sl 21295

Technically, Indian Stock Market is still in positive zone but market has witnessed divergence on the last trading session of the Financial Year 2017. Now, we are into new Financial Year 2018 and on 3 Aprilpositive movement wasalready decide the market direction. Some profit booking can’t be ruled out at this point of time. Market would wait for RBI Monetary Policy meeting on April 05-06 and then would see some correction before resuming the positive rally. Market would be considered weak below 21400 levels for bank Nifty. Indian Stock Market would see reversal if bank Nifty closes below 21331 levels. Overall, Indian Stock Market is strong for mid tolong-term and Investors can go long at every dip in the market. Bank Nifty may see some further temporary correction but traders should initiate short only below 21295 levels for Bank Nifty and until then, every downfall is an opportunity to go long in the Bank Nifty.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 5 APRIL 2017

"SELL DLF FUTURE BELOW 147 TGT 144.50/142.90 SL 149.80"

"BUY IFCI 32.5 CALL @ 0.45 TGT 0.65/0.95"

FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>> 

The Nifty continued to register successive new highs and it crossed the 9220 mark on the first trading day of 2017-18. The Sensex and the Nifty today hit record closing high to end at 29910 and 9237, respectively, driven by a rally in index heavy-weights RIL and L&T. A firming trend in global markets as traders look ahead for the US job data release and a meeting between the American and Chinese presidents later in the week also influenced sentiment. Major market trends may remain positive as long as the Nifty holds above the psychologically important 9000 mark.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 31 MARCH 2017

After consolidation, the Nifty settled at record closing high on expiry day Thursday, backed by banking & financials on hopes of NPA resolution. The Nifty closed up 30 points at 9173 while the Sensex gained 115 points at 29647.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30 MARCH 2017

"BUY AXISBANK FUTURE ABOVE 504 TG 509/513 SL 498"

 FOR FREE NIFTY & BANKNIFTY TIPS FILL UP THE FORM GIVEN HERE

Volatility continued ahead of expiry of March futures & options contracts. Market closed the day on a positive note, with good movements on both the indices, as investors were not very bullish ahead of March F&O series expiry. The Sensex ended the day 29531, up 121 points while the Nifty settled the day at 9143, up 43 points.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 29 MARCH 2017

As we have predicted yesterday the uptrend was witnessed in the market today…!!!!

CONTINUE TO HOLD RELIANCE FOR TOMORROW

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Market trying to climb up once again & if it sustain above 9150 tomorrow then we can see expiry near 9200. After ending Monday on a slightly weak note, the market on Tuesday as ended on a very positive note. The Sensex was up 172 points at 29411, while the Nifty was up 61 points at 9100. The positive sentiment was impacted by a good rally on Wall Street followed by upbeat trend in the Asian markets.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 28 MARCH 2017

"BUY NIFTY FUTURE @ 9020 TGT 9060/9100 SL 8980"
"BUY RELIANCE 1240 PUT ABOVE 9 TGT 12.4/15.4 SL 4.5"

TO GET FREE TRIAL FOR OPTION,FUTURE,NIFTY FILL UP THE FORM GIVEN HERE>>>>>

Trading for the week began on bearish note. The Sensex, fell 187 points to 29233, as per the provisional closing data. The Nifty fell 62 points to 9045, as per the provisional closing data. Sentiment also took a hit after private weather forecaster Skymet issued a statement today, 27 March 2017, that India's monsoon in 2017 is likely to remain below normal at 95% (with an error margin of +/-5%) of the long period average (LPA) of 887 mm for the four-month period from June to September. This may cause trouble for farmers and decide the fate of Kharif crop that depends heavily on the performance of the southwest Monsoon. Monsoon rain will arrive on the southern tip of Kerala by around June 1 and retreat from the western state of Rajasthan by September.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 24 MARCH 2017

"FUTURE: BUY AXISBANK ABOVE 487 TGT 495/500 SL 479"

"CASH: BUY EROSMEDIA ABOVE 248 TGT 263/270 SL 240"

FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>>

Wake up alarm was witnessed in morning session itself where nifty was seen trading above 9050 level. Bulls were able to pull the nifty till 9080 level which shows the positive sign for market. After witnessing an over 300-point crash on the Nifty on Wednesday, the market on Thursday ended the day on a positive note. The Sensex was up 164 points at 29332, while the Nifty was up 49 points at 9080.

OPTION TRADING TIPS: NIFTY IRON CONDOR STRATEGY FOR MARCH 2017

OPTION TRADING TIPS: NIFTY IRON CONDOR STRATEGY FOR MARCH 2017

FOLLOW THE ABOVE LINK TO CHECK COMPLETE STRATEGY