NIFTY WEEKLY REPORT FOR 19–23FEB 2018

SELL MARUTI BELOW 8850 TGT 8000/8750 SL 8900

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WEEKLY RESISTANCE FOR NIFTY: 10635,10677,10719,10806

PIVOT POINT: 10590

WEEKLY SUPPORT FOR NIFTY :  10503,10416,10371,10197

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10527,10560,10620,10772

PIVOT POINT:10495

DAILY SUPPORT FOR NIFTY :  10375,10342,10310,10217

DAILY CHART FOR NIFTY

Sensex opened the week at 33903, made a high of 34529, low of 33901 and closed the week at 34010. Thus the Sensex closed the week with a gain of 5 points. At the same time, the Nifty opened the week at 10519, made a high of 10630 low of 10456 and closed the week at 10440 Thus the Nifty closed the week with a loss of 29 points. Sensex closed nearly 300 points lower and NSE Nifty settled at 10440 on Friday as bank stocks dragged after more banks disclosed their exposure in the PNB fraud case. SBI shares fell 3% after the bank said it has an exposure of $212 million in respect to letter of undertaking issued by PNB to Nirav Modi. The Nifty PSU Bank fell 2.49% and Nifty Bank declined 1.02%. BSE Midcap was down 1.20% and Smallcap fell 1.22%. All the sectoral indices on BSE, except IT, ended lower, with telecom, metal and realty suffered most

SELL-OFF CONTINUES.

The market Sell-off from the peak, formed three weeks ago, gathered momentum this week following global cues. Global markets including the US market are down by more than 11% off from their peaks, Selling pressure is so intense that the Trend has reversed for the Short and Medium term timeframe and we seem well poised to test the long term average of 200dma (Nifty 10070). Due to sharp falls in past 3 weeks, we might witness some pull-backs, which should be used to create short positions. The Correction will be deemed over only when Nifty starts trading above 10640.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 15 FEB 2018

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Yesterday’s banknifty achieved target of 25300 made a low of 25250. As predicted by us in our last POST “BANKnifty will trade negative towards 25300”and exactly same happened and is expected to continue negative move towards 25000..!!

 NIFTY follow the Key Resistance @ 10590-10600 it can slip back to Support @ 10420,10375; intermediate bounce back possible if sustains above 10600

The benchmark indices ended lower on Wednesday taking cues from its key Asian peers.Massive sell-off in banking sector stocks pulled the key Indian equity indices lower and

heavy selling pressure was witnessed in banking, healthcare and automobile stocks.

Nifty maintain 10590-10600 zone makes it a Strong Resistance & as long as it holds below this it is likely to remain under pressure. 55 days EMA is near 10585 levels. Support is seen at 10420 below which it can extend downside till 10300/10250 levels. A decisive breakout above 10600 is required for a bounce back till 10660 / 10755 levels from where it can slip lower again, until then is it likely to remain under pressure.

BANKNIFTY PREDICTION FOR 14 FEB TO 16 FEB 2018

DAILY RESISTANCE FOR BANKNIFTY: 25733, 25800, 25895,26125

PIVOT POINT: 25665

DAILY SUPPORT FOR BANKNIFTY : 25618, 25503, 25435,25205

DAILY CHART FOR BANKNIFTY

HIGHEST WEEKLY CLOSING FOR bankNIFTY.

Bank Nifty opened the week at 26111, made a high of 26148, low of 25356 and closed the week at 25706. Thus it closed the week with a loss of 142points. As the bank nifty is managing to trade BELOW its 22 and 55days moving averages with the RSI of 40, one may expect the targets of 25500/25400/25300 in the bank nifty if it manages to sustain below  the immediate resistance level of 26000.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 14 FEB 2018

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Week has started on positive note, taking cues from its Asian peers. Markets witnessed a breather today and gained nearly a percent, taking pause after the recent decline. Nifty opened gap-up, tracking firm global cues but profit taking at higher levels capped upside. Meanwhile, participants were busy in bargain hunting and almost all the sectoral contributed in today's market move. The Sensex ended at 34300, up 295 points while the index settled at 10540, up 85 points. The nifty future has opened at 10519 made a high of 10559 and low of 10482 and closed at 10543 total 77 points nifty future has moved in intraday. Indian equity market will remain closed on Tuesday on account of Maha Shivratri.

NIFTY WEEKLY PREDICTION FOR NEXT WEEK 12 FEB TO 16 FEB 2018

WEEKLY RESISTANCE FOR NIFTY: 10647,10762,10858,11164

PIVOT POINT: 10531

WEEKLY SUPPORT FOR NIFTY :  10340,10225,10109,9910

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10489,10527,10549,10571

PIVOT POINT:10451

DAILY SUPPORT FOR NIFTY :  10429,10407,10369,10331

DAILY CHART FOR NIFTY

Sensex opened the week at 34783, made a high of 34833, low of 33682 and closed the week at 34005. Thus the Sensex closed the week with a loss of 2055 points. At the same time, the Nifty opened the week at 10629, made a high of 10722 low of 10300 and closed the week at 10469Thus the Nifty closed the week with a loss of 271 points. Indian indices ended over 1% lower on Friday as stock markets around the world are under selling pressure. Sensex ended 407 points lower, while Nifty settled 107 points lower. Outshining the benchmark index, Midcap was down only 0.09%, while Small Cap gained 0.23%. Among BSE sectorial indices, bank, finance, tech, IT and telecom suffered losses, while metal, realty and power posted gains. 

NIFTY PREDICTION & FREE NIFTY FUTURE TIPS FOR 9 FEB 2018

The market logged a strong recovery today with gains of nearly 1% each, ending the seven-day losing streak since the Modi government presented its last full year Budget last Thursday before it goes to Lok Sabha polls in 2019. Markets were buoyed as brighter corporate earnings improved sentiment. While Sensex rose 330 points to 34413 level, Nifty staged a 100 point recovery from Wednesday's lows. The key indices started on a positive note in early trade and held on to their gains throughout the day, recording 552 points  and 161 points gains intraday, respectively compared to yesterday's close.

NIFTY & STOCK FUTURE TIPS FOR 8 FEB 2018

CALLS FOR STOCK FUTURE  

"SELL CIPLA BELOW 565 TGT 556/550 SL 577"

"BUY JUBLFOOD 2020 TGT 2060/2085 SL 1975"

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The stock markets declined on Wednesday with the BSE Sensex falling more than 100 points amid a recovery in global markets. The Sensex and Nifty lost steam in the last 30 minutes even as the Reserve Bank of India (RBI) kept key policy rates unchanged in its sixth bi-monthly monetary policy statement as per expectations. The indices also took cues from US market futures with S&P, Nasdaq and Dow Jones falling in preopen trade. While the Sensex closed 113 points lower to 34082 levels, the Nifty fell 62 points to 10451 level. Nifty future opened at 10595  made a high of 10624 and low of 10442.

NIFTY & BANK NIFTY OUTLOOK & FREE TIPS FOR 7 FEB 2018

CENTURYTEX WITNESSED A STEEP FALL 

2nd FEB 2018 WEEKLY CALL; CENTURYTEX 

ACHIEVED TGT 1200 

CENTURYTEX PROFIT: 32420 PER LOT

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Negative opening of nifty future was expected but not near the level of 10300 (i.e. -300 points down) in post noon session it has tried to get recover but get unsuccessful.  The Sensex and Nifty witnessed a sharp fall today with the Sensex opening down 1240 points at 33516, while the Nifty future was down 380 points in opening trade. At markets close, Sensex was at 34195 down 561 points; and Nifty at 10534 down 150. Market took cautious ahead of the RBI policy meet this week as the expectation are that repo rate might be increased amid inflation concerns. Selling continued in the market as concern over bond yield and weak global market impacted the sentiment. Upcoming RBI monetary policy will be a key trigger for the market, the outcome of which is expected to be status quo, but any commentary over government's fiscal policy and concern over rising yield will add volatility.