NIFTY WEEKLY REPORT FOR 16 OCT TO 20 OCT 2017

"Wishing you a very Happy Diwali. May all have a super successful trading year. "

WEEKLY RESISTANCE FOR NIFTY: 10114,10162,10188,10213

PIVOT POINT: 10065

WEEKLY SUPPORT FOR NIFTY:  10040,10014,9966,9917

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10205, 10235,10256,10278

PIVOT POINT:10176

DAILY SUPPORT FOR NIFTY :  10154,10133,10103,10074

DAILY CHART FOR NIFTY

Sensex opened the week at 31909, made a high of 32468, low of 31783 and closed the week at 32411. Thus the Sensex closed the week with a gain of 597 points. At the same time, the Nifty opened the week at 9991, made a high of 10219 low of 9969.5 and closed the week at 10192. Thus the Nifty closed the week with a gain of 189 points. Nifty ended at an all-time high and the Sensex rallied to an over two-month high as steady inflation and strong IIP numbers propped up investor sentiment. The nifty will make new high this was predicted in our nifty weekly report last week itself. We have also predicted that uptrend is open up to 10180 levels for Nifty where its next resistance exists and exactly same happened. Domestic market on Friday ended on a cheerful note ahead of the Diwali week, with Nifty future closing at a fresh record high at 10,192, up 70 percent or 71. points.

RELIANCE RESULTS TODAY..!!!!

Reliance BSE 0.74 % hit fresh record high of Rs 891 in early trade on Friday. When Reliance Industries Ltd (RIL), India's most valuable company by market capitalisation (market cap), reports its earnings for the July-September quarter after market hours today, all eyes will be on the group’s telecom venture Reliance Jio Infocomm.  RIL is likely to report a healthy growth in profit after tax (PAT) on a standalone basis for 11th quarter in a row thanks to record growth in refining and petrochemical businesses, its telecom unit Reliance Jio could impact consolidated results.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 13 OCT 2017

Market skewed in the favor of bulls..!!! Bulls tightened their grip on Dalal Street. The quarterly results kicked off the market today. The Indian stock market closed at three-week high led by Reliance Industries. A strong rally in Hindalco, Bharti Infratel, Sun Pharma and TCS also contributed to the gains. The Sensex closed up 348 points at 32182, while the Nifty future ended higher by 124 points at 10116. Nifty future has opened at 10018 made a high of 10117 & low of 9995 total 122 points moved nifty future in intraday.

OPTION TRADING TIPS: HEXAWARE STRANGLE STRATEGY FOR OCT 2017

OPTION TRADING TIPS: HEXAWARE STRANGLE STRATEGY FOR OCT 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 OCT 2017

Market ended flat with a positive bias after a choppy session on Monday ahead of June-September quarterly results. The Sensex ended at 31846, up 32 points and Nifty ended at 9987, up 8 points after testing the 10,000-mark in trade. Wide fluctuations prevailed in the stock market on Monday before key indices Sensex and Nifty closed with measly gains, with institutional investors lending all- crucial support. The GST Council last week offered relief to exporters and small and medium businesses.

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 6 OCT 2017

Lackluster trading session has closed on bearish note.  Fresh selling in the last hour of trade dragged sensex & nifty lower and led to the market ending on a subdued note. They snapped their four-day gaining streak to close below 9900-mark. On Thursday, the indices traded in a narrow range on the flattish side, apart from some positive movements in the early part of the day. However, the market soon gave up its gains and continued to see sideways day of trade. The Sensex was down 79 points at 31592, while the Nifty future was down 15 points at 9915.nifty future opened at 9931 made a high of 9965 & low of 9899 total 66 points in nifty future in intraday trade.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 05 OCT 2017

"BUY RELIANCE FUTURE ABOVE 826 TGT 831/838"

"SELL BANKNIFTY FUTURE BELOW 24150 TGT 24094/24000 SL 24212 "

Market ended the session on a positive note, but trimmed some of its post-policy gains, while the Nifty managed to end above 9920-mark. The Reserve Bank of India (RBI) on Wednesday kept interest rates unchanged. The six-member Monetary Policy Committee (MPC) kept the repurchase rate—the rate at which the central bank infuses liquidity in the banking system—unchanged at 6.00%.The Sensex closed up 174 points at 31671, while the Nifty future gained 76 points at 9944.  All 15 economists surveyed by Mint expected the MPC to keep the repo rate unchanged at 6%. Nifty future opened at 9866 made a high of 9954 and low of 9860.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 OCT 2017

Yesterday the Sensex has closed higher by 213 points at 31497 and the Nifty closed higher by 71 points at 9859. The Sensex ended higher by over 200 points on Tuesday due to sustained buying by DIIs ahead of RBI monetary policy review. The central bank’s two-day monetary policy review had begun from Tuesday and the decision is due today 4 Oct 2017.