NIFTY WEEKLY REPORT FOR 04–08 SEP 2017

WEEKLY RESISTANCE FOR NIFTY: 9928,9976,10006,10114

PIVOT POINT: 9879

WEEKLY SUPPORT FOR NIFTY :  9849,9819,9771,9722

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10010, 10034, 10050,10065

PIVOT POINT: 9985

DAILY SUPPORT FOR NIFTY :  9954,9930,9905,9865

DAILY CHART FOR NIFTY

Sensex opened the week at 31739, made a high of 31894, low of 31376 and closed the week at 31874. Thus the Sensex closed the week with gain of263 points.At the same time the Nifty opened the week at 9925, made a high of 10017 low of 9815 and closed the week at 10003. Thus the Nifty closed the week with gain of 123 points.Positive global cues coupled with buying in automobile and healthcare stocks lifted benchmark equity indices for a third straight day on Friday. as a weaker-than-expected economic growth data raised hopes the central bank would cut interest rates in October.

FORWARD MARCH OF NIFTY ABOVE 10,000

Nifty above 10,000 again..!!!!Bulls roar on the first day of September series. Nifty is back to the comfort zone of 10,000 in today trade while the Sensex ended 0.51 % higher at 31892 as a weaker-than-expected economic growth data raised hopes the central bank would cut interest rates in October.  Nifty future has started at 9945 made a high of 10017 & low of 9937 & closed at 10003.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 31 AUG 2017

Volatility was witnessed there in market on Wednesday due to the announcement of cuts in key interest rates by the Reserve Bank of India (RBI), earlier this month; the investors had already factored in the tweak in interest rates and were disappointed as the central bank maintained its neutral stance. Nifty future was trading with positive bias on Wednesday but closed below the support level 9900. Nifty future has opened at 9850 made a high of 9918 & low of 9846 & closed at 9880. Sensex added as many as 258 points to end the day at 31646.

The 9935 and 9955 levels may play out as major resistance for the Nifty on Thursday. Supports should come in much lower at 9820 and 9775 levels. I recommend every dip near 9875 can be used to make fresh long in the index with keeping stop out level below 9850 on a closing basis. but we strictly recommend not to initiate any major short positions. On the long side, only modest positions may be taken until we see through the expiry. Overall, a cautiously positive approach is advised for the day.

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Resistance: 9925, 9955, 9975

Support: 9775, 9755, 9725

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 30 AUG 2017

"BUY RELIANCE 1540 PUT @ 14 TGT 18.4/22.50 "

"BUY BANKNIFTY FUTURE ABOVE 24130 TGT 24180/24240 SL 24070"

Bulls were brought back to earth with a thud due to selling pressure by investors rattled by North Korea’s launch of a missile over Japan. The August month expiry in the derivatives segment on Thursday also hit sentiment. The Sensex closed down 362 points at 31388, while the Nifty ended below 9800, down 124 points at 9879.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 29 AUG 2017

Market began the week on a positive note, driven largely by a rally in Infosys. The Nifty ended above 9990-mark. The Sensex closed up 154 points at 31750, while the Nifty ended higher by 55 points at 9912. On Monday, the markets opened on a positive note after an extended weekend. Both Sensex and Nifty were gaining more than half a per cent in early trade.

NIFTY WEEKLY REPORT FOR 28 AUG–01SEP 2017

WEEKLY RESISTANCE FOR NIFTY: 9873,9912,9937,10027

PIVOT POINT: 9833

WEEKLY SUPPORT FOR NIFTY :  9808,9783,9744,9704

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 9885, 9896, 9904,9929

PIVOT POINT: 9874

DAILY SUPPORT FOR NIFTY :  9867,9859,9848,9818

DAILY CHART FOR NIFTY

Sensex opened the week at 31570, made a high of 31644, low of 31252 and closed the week at 31611. Thus the Sensex closed the week with gain of 102 points.At the same time the Nifty opened the week at 9869, made a high of 9889 low of 9755and closed the week at 9880. Thus the Nifty closed the week with gain of 31 points.The Sensex and Nifty ended little changed on Thursday as gains in IT and pharmaceutical stocks were offset by profit-booking in realty and FMCG stocks ahead of F&O expiry 31 aug 2017.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 28 AUG 2017

The market ended the session and the truncated week on a subdued note, with the Nifty holding on to 9850-mark. Benchmark Nifty and Sensex appeared cautious after a positive opening amid spells of choppiness, with pharma and IT indices holding up.  Stock indices closed almost flat today with gains for the third straight session, with domestic investors providing crucial support. The rise came despite an overnight decline on Wall Street and mixed Asian leads. The Sensex gained 28 points, to close at 31596 after shuttling between 31678 and 31546. The gauge had rallied 309 points in the previous two days. The Nifty future to closed higher 17  points, at 9880. Intra-day, it moved between 9889 and 9852. Stock of Infosys continued its upward trend and spurted by over 2 per cent to Rs 912.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 24 AUG 2017

Market closed on bullish not but indices were confined to a narrow range for want of fresh triggers after a tepid results season. Nifty future has closed above 9850 mark. Nifty future has opened at 9811 made a low of 9797 then went up higher to 9874 & finally closed at 9859. Average first-quarter corporate results and a lack of fresh triggers will see markets remain range-bound in the near to medium term.