NIFTY PREDICTION & FREE NIFTY TIPS FOR 01 march 2018

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NIFTY is on a SIDEWAYS course, as top end of the band @ 10630, pushes NIFTY on back-foot

The downside rally could test all the way through 10450-10300 levels in the upcoming weeks

On Tuesday, Matching global cues index opened gap up but could not hold the gainsas PSU banks were under selling pressure which overall took away the positive sentiment and Nifty was trading around crucial levels of 10640 which it could not sustain.The Sensex has opened at 34155 made a high of 34302 and low of 34076 and closed at 34184 , loss 162 points. The nifty future has opened at 10495 made a high of 10555 and low of 10466 and closed at 10519 with loss 44pointsThe Sensex ended lower by 162.35 points or 0.47 per cent at 34,184.04 and the Nifty closed down by 61.45 points or 0.58 per cent at 10,492.Domestic sentiment was hit as fears of faster interest rate hikes in the United States hurt investor risk appetite. Traders also remained wary ahead of IIP data for February and December quarter GDP numbers to be published later today.Later the index slipped to sub-10,540 mark and finally after a narrow range oscillation, finished trade with the loss of 28 points at 10,554 level.On a daily chart, the Nifty closed below its 22&55 days moving average which is placed at 10557 level which shows negative momentum in the Index.Today, the start of the session is likely to be on negative side on weak global cues and traders will be eyeing the dataprint for the December quarter GDP and fiscal deficit data that will be announced later in the day. Asian and European markets exhibited mixed trend ahead of Federal Reserve Chairman Jerome Powell’s highly anticipated first congressional testimony later in the day.A break on the lower side 10460 of the trading range will open the doors for testing of 200dma(10090).

For the coming session, 10600 – 10640 would continue to act as immediate resistance; whereas, 10460 - 10380 remains to be an important support zone. However, in case of further decline, its 200-day moving averages (placed at around 10,090 level) will continue to work as key reversal point.Nifty continues to move in a range (10400-10640). This can be termed as a Consolidation with a bearish bias. A narrow range seems like a precursor of a bigger move which is likely to follow. A break on the upper side of the range will lead the Nifty to test 10670-10700; whereas a bearish  breakout to the trading range will lead the Nifty towards the Flag target of 10400/10290.

Resistance: 10600, 10640, 10670, 10700

Support: 10500, 10470, 10400,10290

NIFTY PREDICTION FOR 28 FEB 2018

BULLS WERE UNABLE TO BREAK THE RESISTANCE 10650 TODAY.

We may see nifty trading above 10650 tomorrow

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Bulls tight end grip on Dalal St reet ; Nifty reclaims 10,550 mark

Benchmark indices closed lower on Tuesday, snapping a two-day winning streak, dragged by bank stocks. The Nifty PSU Bank index declined 3.5% following Punjab National Bank’s disclosure that the amount of fraudulent transactions could be as much as Rs12,700 crore.The Sensex has opened at 34558 made a high of 34610 and low of 34314 and closed at 34346 ,loss25 points. The nifty future has opened at 10616.15 made a high of 10639.70 and low of 10540.55 and closed at 10564 with loss99 points.Today, the start is likely to be on positive side as investors keep an eye on the GDP data for December quarter due on Wednesday.GDP probably rose 7% in three months to December year-on-year, according to a Bloomberg survey, versus 6.3% in the previous quarter. 

NIFTY PREDICTION & FREE NIFTY TIPS FOR 27 FEB 2018

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NIFTY IS EXPECTED TO FOLLOW UPWARD MARCH IF IT CROSSES THE HURDLE OF 10650
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NIFTY follow the Key Resistance @ 10640AND Support @ 10505

Sensex closing over 300 points higher and NSE’s Nifty 50 closing at 10,582,gains for a second straight session on Monday, shares were boosted by gains in auto and realty stocks, offsetting losses in IT and Tech. The gains come after stock markets fell on worries over the fallout from a $1.8 billion fraud at Punjab National Bank. Nifty is now trying to move up from this low but seems to lack strength. Nifty needs to decisively move beyond 10630-10640 levels to strengthen the bullish momentum and take nifty higher to 10670 and 10730 levels. A strong support is at 10505. If nifty break below this level, nifty would befall to 10460 or even 10400.

NIFTY WEEKLY REPORT FOR 26 FEB–02 MAR 2018

WEEKLY RESISTANCE FOR NIFTY: 10487,10593,10696,10798

PIVOT POINT: 10388

WEEKLY SUPPORT FOR NIFTY :  10335,10282,10183,10181

 

DAILY RESISTANCE FOR NIFTY: 10510,10551,10597,10662

PIVOT POINT:10468

DAILY SUPPORT FOR NIFTY :  10445,10422,10381,10275

DAILY CHART FOR NIFTY

Sensex opened the week at 33832, made a high of 34167, low of 33832 and closed the week at 33142. Thus the Sensex closed the week with a gain of 868 points. At the same time, the Nifty opened the week at 10480, made a high of 10504 low of 10316 and closed the week at 10494. Thus the Nifty closed the week with a gain of 11 points. Benchmark indices ended higher by over 1 per cent, tracking gains in global equities, as investors bought the shares of recent underperformers such as pharma and financials.

NIFTY CAN FALL UPTO 10200 LEVELS

BUY NIFTY 10400 CALL @ 25 TGT 39/54

 SELL TATAMOTORS FUTURE BELOW 364 TGT 361.7/358.5 SL 367.4

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NIFTY follow the Key Resistance @ 10430-10500 AND Support @ 10330,10090; intermediate bounce back possible if sustains above 10430

Snapping its three-day losing streak, the Sensex ended higher by over 140 points on value-buying by domestic investors in IT, banking, FMCG and oil and gas stocks amid a firm trend in Asian bourses.The Sensex has opened at 33813 made a high of 33911 and low of 33702 and closed at 33844 , up 141 points. The nifty future has opened at 10405 made a high of 10409 and low of 10341.4 and closed at 10390 with up 50 points.On Tuesday, NIFTY witnessed decent rebound post a flat opening, but later failed to surpass the intraday resistance of 10,430 level during the day, where a narrow range consolidation failed to save index from extending losses. Finally, NIFTY closed the session near its day’s low of 10,390marks, with cut of 50 points.

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.