NIFTY WEEKLY REPORT FOR 21 AUG–25 AUG 2017

WEEKLY RESISTANCE FOR NIFTY: 9924,9974, 10006,10039

PIVOT POINT: 9875

WEEKLY SUPPORT FOR NIFTY :  9842,9810,9760,9711

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 9860, 9882, 9887,9913

PIVOT POINT: 9839

DAILY SUPPORT FOR NIFTY :  9822,9807,9785,9763

DAILY CHART FOR NIFTY

Sensex opened the week at 31224, made a high of 31880, low of 31152 and closed the week at 31509. Thus the Sensex closed the week with gain of 296 points. At the same time the Nifty opened the week at 9778, made a high of 9940 low of 9776 and closed the week at 9849. Thus the Nifty closed the week with gain of 108 points.The Sensex plunged over 270 points led by Infosys as the company Chief Executive Vishal Sikka's resignation heightened uncertainty about the IT services provider's future.

SELLING PRESSURE TILL NIFTY BELOW 9910

As the Correction continues, markets are witnessing Selling at every higher levels and this will continue till the market conquers the Resistance zone of Nifty 9930-9950. A closing above this level will indicate end of Correction and resumption of prior Uptrend. On the other hand, a break of critical Support Trendline Nifty 9830 will signal further intensification of Correction which will have Corrective levels placed at 9800-9740-9700. On the daily charts, Nifty have formed an Opening Black body Marubuzo pattern which indicates a reduced bearishness. On the weekly charts, have formed a small white body candle which is on lines of Bullish Harami pattern but it cannot be classified as it has formed near the top as per weekly chart. Thus daily as well as weekly candlestick patterns suggest bearishness in the near term.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 21 AUG 2017

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Week ended on negative note. Dragged largely by a weak day of trade on Infosys, nifty future snapped 9800-mark. The Sensex closed down 270 points at 31524, while the Nifty future ended lower by 60 points at 9849. After a sharp drop in US shares in overnight trade and a terrorist attack in Spain, nifty futures slipped in Singapore trade to signal weakness through the day.

NIFTY LIKELY TO BE BULLISH ABOVE 9930

Trading Ideas for 18 Aug 2017

BUY  JINDALSTEL FUTURE ABOVE 140.4 TGT 142.9/144.8 SL 137.5

SELL HEROMOTOCO FUTURE BELOW 3985 TGT 3968/3955 SL 4012

Indices pared gains to end flat on Thursday dragged by losses mainly in the banking and auto stocks. Index heavyweights Infosys and Coal India .Sensex ended higher by 24.57 points or 0.08 per cent at 31,795. And Nifty closed up 6.85 points or 0.07 per cent at 9,914.Nifty futures contract seems to be struggling to go up. The contract made a gap-up opening at 9,927 this morning and hit a high of 9,940.However, it failed to sustain at this level and dropped to an intraday low of 9,881.
Nifty is now trying to move up from this low but seems to lack strength. Nifty needs to decisively move beyond 9,920-9930 levels to strengthen the bullish momentum and take nifty higher to 9,960 and 10000 levels. A strong support is at 9,880. If nifty break below this level, nifty would be fall to 9,850 or even 9,825 thereafter.Traders can make use of rallies to go short at 9,910. Stop-loss can be placed at 9,935 for the target of 9,860.

NIFTY TREND & FREE NIFTY TIPS FOR 17 AUG 2017

The Indian stock market ended Thursday’s trading session on bullish note, with the Sensex ending 320 points higher and the Nifty ended above 9900 mark. The Sensex ended up 321 points at 31770, while the Nifty future ended higher by 91 points at 9907. It has opened at 9829 made a high of 9910 and low of 9778 overall 132 points movement was there in intraday trade. Market sentiments was boosted on unabated buying by domestic investors amid firm global cues on receding tensions between the US and North Korea. Sentiment remained upbeat for the better part of the day on account of positive leads from European markets before the release of the latest Federal Reserve minutes and British unemployment data. Stocks of consumer goods companies were back in the limelight on value-buying, recovering from recent losses sparked by worries over the impact from recently launched GST in July. 

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NIFTY WEEKLY REPORT FOR 14 AUG–18 AUG 2017

WEEKLY RESISTANCE FOR NIFTY: 9986, 10047, 10144, 10241

PIVOT POINT: 9925

WEEKLY SUPPORT FOR NIFTY :  9828,9731,9670,9609

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 9769, 9788, 9814,9839

PIVOT POINT: 9749

DAILY SUPPORT FOR NIFTY :  9724,9698,9679,9659
DAILY CHART FOR NIFTY

Sensex opened the week at 32377, made a high of 32396, low of 31128 and closed the week at 31213. Thus the Sensex closed the week with loss of 1112 points. At the same time the Nifty opened the week at 10099, made a high of 10119 low of 9710 and closed the week at 9737. Thus the Nifty closed the week with loss of 356 points. Continuing tension between the US and North Korea weighed down Indian equity markets as the benchmarks closed more than 1 per cent lower on friday.This is the fifth straight session of declines for the Indian benchmarks, making it the worst weekly performance since February 2016. During the week, the Sensex fell a little over 5 per cent.

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 10 AUG 2017

Market ended Wednesday trading session on bearish note. Geopolitical tensions hit market sentiment.The Sensex fell over 200 points to end at 31797 level. Today nifty future has broken the  major support level 9950-9930 & closed at 9913. Nifty future opened at 9977 made a high of 9989 & low of 9912. 

NIFTY FUTURE REMAIN IN CORRECTIVE MODE;9950 SUPPORT

Bears tighten their grip on dalal street. The Sensex lost 88 points to open at 31926 and Nifty future came down by 23 points to start trading at 9977.  The slump refused to arrest as Sensex soon slid below the psychological marks of 31900 and Nifty future touched the support level 9950 respectively. Nifty future has recovered from day’s low and has managed to hold its crucial support of 9930 level. Bank Nifty on the other hand has also recovered from day’s low, trading above its crucial support of 24400 mark.