NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30 MAY 2017

"BUY NIFTY ABOVE 9600 TGT 9640/9680 SL 9540"

The week began on a strong positive note, with the Nifty ending above the 9600-mark the first time ever. At the close of market hours, the Sensex was up 81 points at 31109, while the Nifty was up 10 points at 9609. Opening weak, the Sensex slid below the 31000 -mark on a string of weak quarterly earnings and hit a low of 30869, but quickly bounced to yet another lifetime high of 31214. It closed up 81 points, at a new peak of 31109, breaching its previous record closing of 31028, reached on May 26. It also went past previous intra-day record of 31074 scaled on May 26. During the session, the Sensex swung almost 345 points both ways. The index has now risen by 807 points in three straight sessions.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 25 MAY 2017

"SELL NIFTY FUTURE BELOW 9380 TGT 9350/9315 SL 9420"

Bears are in action to settle down the May series expiry in negative mode. Escalating cross-border tensions with Pakistan across the Line of Control (LoC) coupled with continuing fall in midcaps pushed benchmark indices lower. The session was largely volatile, with the Sensex and nifty future shuffling between gain and loss, before finally settling in the red zone in the final two hours of the trade. The sensex closed at 30301 levels down by 63 points. Nifty future closed at 9374 levels, down by 25 points.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 24 MAY 2017

"BUY ICICIBANK 310 CALL @ 1.4 TGT 2.7-3.4"

"BUY NIFTY 9350 PUT @ 30 TG 55/82"

Today after opening on bullish note, the bears dominated the bulls entire day. The Nifty tumbled to test multiple supports. Nevertheless, the bulls managed to hold on to the 9375 level on a closing basis which is when the news of the attack on Pakistan posts surfaced.  The Sensex fell 0.67% to 30365, while the Nifty shed 0.55% at 9386.

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.