NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 11 DEC 2017

Market benchmark Sensex surged 301 points to close at 33250 today on unabated buying by domestic institutional investors amid positive global leads. The Nifty future too went past the 10250-level. The Sensex opened on a strong footing at 33034 and maintained its upward trend to hit the day’s high of 33285 before ending at 33250, up 301 points. The index had rallied 352 points in the previous session on value-buying by investors in recently-battered blue-chip stocks. The Nifty future finished the day at 10290, a hefty gain of 87 points, after shuttling between 10297 and 100211. On a weekly basis, the Sensex gained 417 points, while the Nifty advanced 143 points. Buying by retail investors and domestic institutions has gathered momentum amid strong global cues. Hopes that the Bharatiya Janata Party (BJP) would win critical elections in Gujarat beginning this weekend has contributed to the positive sentiment. Elections in Prime Minister Narendra Modi's home state is a key test for the BJP, ahead of general elections in 2019. The results will be out later this month.

RELIANCE OPTION & SAIL FUTURE CALL FOR 7 DEC 2017

“BUY RELIANCE 960 CALL @ 12.5 TGT 16.5/22.4”

“SELL SAIL FUTURE BELOW 76.5 TGT 75.8/74.8 SL 77.4”

The Market posted a biggest drop after the announcement of RBI kept repo rate unchanged to 6%. RBI Governor Urjit Patel said the credit flow is already better than last October also lower FY18 economic growth forecast by Fitch Ratings and ABP News CSDS opinion poll indicating tough fight for the BJP in Gujarat also dampened market sentiment. The state is slated to go to polls in two phases — on December 9 and 14. Results will be declared on December 18.The Nifty future settled below its crucial psychological level of 10100. Index future has opened at 10111 made a high of 10126 and low 10052 finally closed at 10074. The Sensex was down 205 points at 32597 and the Nifty Bank plunged 273 points at 24942.

RBI MONETARY POLICY LIVE UPDATES 06 DEC 2017

MPC KEEPS REPO RATE UNCHANGED AT 7-YEAR LOW OF 6%

NIFTY PREDICTION & FREE NIFTY TIPS & CHARTS FOR 6 DEC 2017

"BUY BANKNIFTY FUTURE ABOVE 25250 TGT 25290/25320/25370 SL 25188"

Pull-back rally was there in the market on Tuesday. The Nifty50 remained rangebound throughout the day and ended the session on a flat note. Both the indices Nifty future & sensex closed marginally lower as investors adopted a cautiou ahead of the Reserve Bank of India’s policy decision tomorrow 6 Dec 2017 Market is expected to remain rangebound as all eyes would be on the much awaited RBI policy decision. The RBI’s two-day monetary policy review kicks off today and the decision is due tomorrow. The Street largely expects the central bank to maintain status quo on rates, on account of various factors. Also lower FY18 economic growth forecast by Fitch Ratings and ABP News CSDS opinion poll indicating tough fight for the BJP in Gujarat also dampened market sentiment.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 5 DEC 2017

"BUY BANKNIFTY 25300 CALL 7 SEP @ 88 TGT 121/174 SL 44"

"BUY TATASTEEL FUTURE ABOVE 692 TGT 694.70/697.80 SL 688"

Market settled with small gains after witnessing volatility in intraday trade. Monday morning blues were written all around, but the Indian domestic indices forecast to make positive gains tracking cues from global indices and Nifty, scuttled out in the noon session.  The Sensex closed higher by 36 points to 32869, while the Nifty future rose 6 points to close at 10127. The nifty future opened at 10167 made a high of 10198 & low of 10126 & finally closed 11 points up at 10166.

NIFTY WEEKLY PREDICTION FOR 4 DEC TO 8 DEC 2017

WEEKLY RESISTANCE FOR NIFTY: 10250,10300,10350,10400

PIVOT POINT: 10320

WEEKLY SUPPORT FOR NIFTY:  10100,10050,10000,9950

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10180, 10220, 10250

PIVOT POINT: 10200

DAILY SUPPORT FOR NIFTY:  10120,10100,10070,10050

DAILY CHART FOR NIFTY

Lackluster trading week ended on negative note. The data failed to lift sentiment fiscal deficit reached 96% of the budgeted target for the fiscal year ending in March 2018. Both indexes were down around 1.7 % this week, heading for their biggest weekly loss since late September. The Sensex plunged over 316 points and the Nifty holds 10100 level  as economic growth data came in largely as expected, failing to boost a market weighed down by concerns about the country's fiscal deficit and global risk factors such as rising crude prices.

GDP GROWTH

GDP grew 6.3% in the July-September quarter, with robust expansion in manufacturing, electricity production and trade and hotels sectors. This is higher than the 5.7% GDP growth in the April-June quarter, but lower than the 7.5% growth in the second quarter of last fiscal.

The Nifty future took a sharp cut on Friday and settled the week at the 10143 level. For a good part of the week, the 10250 level was providing a major support to the index. But it closed below the crucial support on Friday. This may trigger further correction in the nifty. The Nifty future corrected around 300 points this week. It continued its weakness whole week and corrected towards 10100. If it sustains below 10100, short-term weakness could be seen towards 10050 and a swing low of 10000. The index could see the immediate hurdle at 10250. The index has settled below the 20-day moving average and was on the verge of breaching its 50-day moving average. The pace with which the Nifty future has fallen suggests the trajectory of the index might have changed its course to the downside. Thursday’s move has erased gains of last seven sessions, which the bulls added laboriously after a gap up opening on November 17. In such a scenario, if the fall continues, then it should take the indices below 10000 level to complete the corrective pattern.

NIFTY ON EXPIRY DAY 30 NOV 2017

The market closed marginally lower on Wednesday ahead of November future and options expiry and September-quarter gross domestic product (GDP) data. Traders are cautious ahead of GDP data due to be released on Thursday. The Sensex fell 15 points to 33602 and Nifty was down 9 points to 10361 level on a day marked by rangebound trade.  While the Nifty future moved in a range of 10365 to 10400, the Sensex traded in a wider range of 33553 to 33728.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 28-NOV-2017

"BUY IDFCBANK 55 CALL @ 0.65 TGT 0.95/1.25"

"SELL TATAMOTORS FUTURE BELOW 422 TGT 421.40 /419.50 SL 423.50"

The Nifty future closed eighth consecutive session in positive territory backed by banking & financials. It’s slow but steady heading towards higher levels with some consolidation in short term. It made a high of 10425 levels & closed to 10423.  Positive European cues also pushed market higher. The Sensex rose 45 points to 33724 and the Nifty gained 13 points at 10423.