NIFTY OUTLOOK & NIFTY FUTURE TIPS FOR 23 MAY 2017

"BUY NIFTY ABOVE 9420 TGT 9450/9480 SL 9379"

The market began the expiry week on the positive side, with consolidation seen throughout the session, albeit the opening ticks. The Sensex ended up 106 points at 30570, while the Nifty closed up 10 points at 9438. A modestly positive start to the market, but the current consolidation phase is likely to extend itself with the 9380-9400 levels acting as immediate supports for the Nifty.  If the Nifty sustains below 9450, the weakness could drag it towards 9380 and 9350 levels.

NIFTY WEEKLY PREDICTION FOR 22 MAY TO 26 MAY 2017

WEEKLY RESISTANCE FOR NIFTY: 9488, 9507, 9540, 9574

PIVOT POINT: 9470

WEEKLY SUPPORT FOR NIFTY :  9436,9401,9384,9355

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 9482, 9509, 9538,9566

PIVOT POINT: 9455

DAILY SUPPORT FOR NIFTY :  9427, 9398, 9371,9344

DAILY CHART FOR NIFTY

Sensex opened the week at 30268, made a high of 30697, low of 30282 and closed the week at 30485. Thus it closed the week with a gainof 896 points. At the same time the Nifty opened the week at 9448, made a high of 9537 low of 9433  and closed the week at 9456. Thus the Nifty closed the week with a gain of42points.Indices scuttled between gains and losses to finally settle the day marginally higher as 2-day GST Council meet ends where rates for various goods and services were decided.

EVERY DECLINE BEING BOUGHT.

The market continues its upward journey feeding on every minor decline and an increasing feeling of being ‘left out’. Bulls continue to feed on pessimism as they continue to use minor dips for buying and thereby strengthening the Uptrend. A strong Support exists at the Bullish Gap between 9400-9380. A break of this Support will turn the short term trend down and then the market will enter into a Correction mode. Till then, every dip should be treated as a buying opportunity.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 18 MAY 2017

Nifty ends at record high of 9526
Markets ended at record highs for the third straight session today on sustained foreign inflows and persistent buying by retail investors buoyed by the early onset of monsoon and encouraging quarterly earnings. Technically, Indian Stock Market is still in positive zone. Market is overstretched and some profit booking would be seen but Nifty would continue to see positive rally in a cyclic manner. Some immediate resistance would be seen at 9540-9554 levels but overall, market is in positive momentum and traders can continue to hold long positions until Nifty holds 9423 levels on closing basis.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 MAY 2017

Continuing the record-breaking spree market had a fantastic session on Tuesday, The indices have closed at fresh all-time highs. The Nifty closed above 9500 for the first time ever. The Sensex ended up 260 points at 30582, while the Nifty closed higher by 66 points at 9512 as expectations of good monsoon rains eased inflation fears and bolstered the economic growth outlook.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 MAY 2017

Market started the week on a strong footing with both the gauges closing at new lifetime record levels. Sensex ended at 30322 level, 133 points higher while Nifty settled the day at 9445 level, 44 points higher respectively, today as lower inflation numbers and better- than-expected quarterly earnings drove investors.  The Nifty after shuttling between 9449 and 9423, rebounded 44 points to end at a new all-time high of 9445, surpassing previous record of 9422 hit on May 11.

NIFTY WEEKLY PREDICTION FOR 15 MAY TO 19 MAY 2017

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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.