NIFTY WEEKLY PREDICTION FOR 15 MAY TO 19 MAY 2017

FOR NIFTY OUTLOOK & NIFTY  FUTURE TIPS WHATSAPP ON +09039542248

WEEKLY RESISTANCE FOR NIFTY: 9451, 9494, 9522, 9550

PIVOT POINT: 9408

WEEKLY SUPPORT FOR NIFTY :  9352,9309,9266,9195

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 9431, 9445, 9471,9498
PIVOT POINT: 9417

DAILY SUPPORT FOR NIFTY :  9404, 9391, 9377,9363

DAILY CHART FOR NIFTY

Sensex opened the week at 29940, made a high of 30359, low of 29903 and closed the week at 30189. Thus it closed the week with a gainof 362points. At the same time the Nifty opened the week at 9336, made a high of 9464  low of 9322 and closed the week at 9418. Thus the Nifty closed the week with a gain of103 points.Both Sensex and Nifty hit record highs of in the previous two sessions, and were up more than 1% for the week. This is a second consecutive week of gains for the Indices.The major indices in the markets remained weak on Friday. Nifty closed at 9400 levels down by 21 points while Sensex closed at 30188 levels down by 62 points.

MID-CAP GRIPS THE MARKET

It was a record shattering week as the Sensex joined Nifty in registering lifetime highs and in the process overcame the psychological level of 30000. Even as the front-line indices are moving above lifetime highs now, the market focus is on the Mid-Cap Index and Bank Nifty. These indices have not only surpassed their lifetime high levels sometime back but are rapidly moving higher. The Mid-Cap Index is going from strength to strength and hence the market participants are making merry. In the short term, immediate support comes in the form of bullish gap between Nifty 9350-9300.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 MARCH 2017

"BUY NIFTY ABOVE 9355 TGT 9380/9410 SL 9330"

Toady market was moving in very narrow range & closed the session on a flat note. The markets opened slightly higher on Tuesday, with the sensex again topping the 30000-mark on sustained buying by domestic financial institutions and tracking mixed Asian cues in the early trade. But the index failed to sustain the gains later and fell below the 30000 level, but was still trading in green. Meanwhile, the NSE Nifty was holding well above the 9300-mark.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 9 MAY 2017

The week has started on a positive note. The Sensex ended today's rangebound on a positive note while the broader Nifty closed above its psychological level of 9300 on the back of gains in ICICI Bank, Infosys, TCS and Axis Bank. However, the gains were capped due to weakness in other bluechips like ITC, HDFC & L&T. Earlier in the day, the Sensex rose over 150 points and Nifty touched intraday high of 9339 before turning rangebound for rest of the session. The Sensex was closed 67 points up at 29926, while the Nifty closed 25 points up at 9310. The market gained on global optimism led by favorable outcome of French presidential election & government’s decision to give more power to RBI to deal with stressed assets. The merger of cement majors has been taken positively by investors and supported the market sentiment.

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.