NIFTY WEEKLY REPORT FOR 08 MAY TO 12 MAY 2017

WEEKLY RESISTANCE FOR NIFTY: 9380, 9413, 9431, 9450

PIVOT POINT: 9347

WEEKLY SUPPORT FOR NIFTY :  9328,9277,9244,9192

WEEKLY CHAT FOR NIFTY

 DAILY RESISTANCE FOR NIFTY: 9337, 9351, 9368,9385

PIVOT POINT: 9323

DAILY SUPPORT FOR NIFTY :  9306, 9288, 9275,8230

DAILY CHART FOR NIFTY

Sensex opened the week at 29932, made a high of 30159, low of 29828 and closed the week at 29827. Thus it closed the week with a loss of 84 points. At the same time the Nifty opened the week at 8337, made a high of 9384, low of 9281 and closed the week at 9315. Thus the Nifty closed the week with a loss of15 points.The indices settled lower on Friday as banking stocks dipped after the government notified the Banking Regulation (Amendment) Ordinance, 2017, while a drop in crude prices dragged down oil explorers such as ONGC and Oil India.

TREND STILL POSITIVE.

A big bearish candle formation on Friday has the Bulls worried. But the Bulls need to keep in mind that the Trend across short and medium term timeframe still remains upward. Also a strong Support exists at the Bullish Gap between 9250-9225. A break of this Support will turn the short term trend down and then the market will enter into a Correction mode. Current Upward Rally will resume only when the indices close above the failure point i.e. top of bearish candle of Friday Nifty 9377).

BANKNIFTY FUTURE ACHIEVED TARGET...!!!!

BANKNIFTY MOVED ON OUR WORDS

"CALL GIVEN IN OUR LAST POST BANKNIFTY FUTURE ALMOST ACHIEVED FINAL TGT MADE A LOW OF 22642"

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 MAY 2017

"BUY RELIANCE 1400 CALL @ 18 TGT 24/32"

SELL BANKNIFTY FUTURE BELOW 22755 TGT 22705/22630 SL 22800 "

Market closed on a higher note today, with the Nifty and Bank Nifty at record closing high, all credit goes to ICICI Bank that rallied 9 percent in the opening session only.  Benchmark Sensex closed above the 30,000-mark today while the broader Nifty scaled a lifetime high on positive earnings and reform initiatives. The Sensex stayed in the positive terrain through the session and touched a high of 30169 before settling 231 points, higher at 30126, its highest level since April 26 when it closed at a record high of 30133. The Nifty spurted 47 points, to end at 9359, a fresh closing high. Its previous closing peak of 9351 was recorded on April 26.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 MAY 2017

ICICIBANK 270 PUT ALMOST ACHIEVED 1ST TGT MADE A HIGH OF 7.55 CONTINUE TO HOLD FOR TGT

DCB BANK FUTURE NOT EXECUTED

Market ended on a negative, with the Nifty holding on to its 9300-mark  as investors pondered over the chances of another rise in interest rates next month ahead of the US Federal Reserve's policy outcome due later in the day.  The Sensex settled the day at 29894, down 26 points. The NSE Nifty closed at 9311, down 2 points. Despite better-than-expected quarterly results, the market is consolidating as investors awaited US Fed’s policy outcome later today. Fed is expected to hold interest rate as it may wait for more signs of stability in the economy to hinge for further hike. Stock-specific movement encouraged the market participants to gain faith in every consolidation which continues to provide positive support to the market.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 3 MAY 2017

"BUY ICICIBANK 270 PUT @ 5.5 TGT 7.9/9.4 SL 2.4"

"BUY DCB BANK FUTURE ABOVE 201 TGT 203.4/207.8 SL 198.5"

See- saw movement was there in the market today. Nifty was oscillating in the red and green zone in today’s trading session. However, it managed to close above the crucial level of 9300 level at 9313 level up by 9 points. The Sensex closed at 29921 higher by 2 points. In the morning, the sensex and the Nifty had slipped into the negative terrain in mid-morning trade after hovering in positive zone till morning trade as Market data on India's manufacturing sector in April disappointed investors. Later, the Sensex & nifty had pared intraday losses to regain positive terrain in afternoon trade albeit with small gains, tracking higher European indices.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 27 APRIL 2017

NIFTY STRADDLE STRATEGY GIVEN ON 24 APRIL 2017

 "BOOK PROFIT IN NIFTY 9200 CALL  NEAR 150"

The Sensex remained above the 30000-level in today's trading session along with the Nifty trading above the 9300-mark on the back of widespread buying and sustained foreign fund inflows. The Sensex ended the session 190 points higher at 30133. The Nifty settled the day at 9351 up 45 points, a new record closing.

STRADDLE STRATEGY FOLLOW-UP

NIFTY STRADDLE STRATEGY GIVEN ON 24 APRIL 2017

 "BOOK PROFIT IN NIFTY 9200 CALL  NEAR 150"

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 26 APRIL 2017

TO GET 2 DAYS FREE TRIAL FILL UP THE FORM GIVEN HERE>>>>
Market on a roll!!!!  Thanks to a spurt in the Nifty Bank, the Nifty has managed to surpass its April 5 high of 9273. The banking index, too, has risen to a record high since April 18 this year. The Sensex climbed over 150 points in early trade on Tuesday. Nifty spot hits 9300 for first time ever; Bank Nifty at record high crosses 22000. M&M, Airtel rally 3% each. The Sensex surged 287 points to 29943 and the Nifty gained 88.65 points at 9306, backed by banking & financials, FMCG and Reliance Industries.