BANKNIFTY WEEKLY OUTLOOK & TIPS FOR 7 MAY TO 11 MAY

WEEKLY RESISTANCE FOR BANKNIFTY: 25842, 25973, 26325, 26677

PIVOT POINT: 25621

WEEKLY SUPPORT FOR BANKNIFTY :  25490,25269,24917,23565

WEEKLY CHART FOR BANKNIFTY

DAILY RESISTANCE FOR BANKNIFTY: 25774, 25823, 25958,26093

PIVOT POINT: 25688

DAILY SUPPORT FOR BANKNIFTY : 25639, 25553, 25418,25283

DAILY CHART FOR BANKNIFTY

Stop-long positions at 25,500. Stop-short positions at 25,830. Big moves could go till 26,150, 25,350.

Bank Nifty opened the week at 25401, made a high of 25753, low of 24752 and closed the week at 25724. Thus it closed the week with a gain of 256 points. As the bank nifty is managing to trade above its 22 and 55&200 days moving averages with the RSI of 64, one may expect the targets of 25800/25900/26200 in the bank nifty if it manages to sustain above the immediate support level of 25500/25400.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 4 MAY'18

"BUY MANAPURAM FINANCE 135 CALL @ 3 TGT 4.5/6.4 SL 1.4"

"SELL HEXAWARE FUTURE BELOW 434 TGT 431.50/428.50 SL 439"

Bulls are showing fatigue with not ruling out a good corrective move after crossing the hurdle of 10700. Market now awaits the Fed meet outcome. On Thursday nifty future has opened at 10720 made a high of 10738 and low of 10665 and finally closed above 10700 at 10706 level. Total 73 points nifty future has moved in intraday.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 3 MAY 2018

"LT FUTURE  GIVEN IN LAST POST ACHIEVED 1ST TGT"

A choppy trading session ended on flat note with minor losses dragged down by metal and IT indices. The Sensex ended at 35176, up 16 points while the broader Nifty future settled at 10,739, down 21 points. Nifty future started at 10779 made a high of 10785 and low of 10706. Sentiment across the globe was muted as investors await the US Federal Reserve’s policy decision later in the global day for cues on the future pace of US monetary tightening. The Fed is seen set to hold interest rates steady but will likely encourage expectations that it will lift borrowing costs in June on the back of rising inflation and low unemployment.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 2 MAY 2018

SELL UPL FUTURE BELOW 734 TGT 728/721 SL 738
BUY LT FUTURE ABOVE 1414 TGT 1419/1428 SL 1407
Market continued its winning streak led by positive global cues and RBIs ease in rules for FPIs to invest in bonds. PSU banks outperformed in expectation of stability in yield while volume growth in bond market will provide relief to rupee. Quarter results so far have been better, contrarian bet IT industry is gaining investors’ attention owing to improving macros and strengthening dollar. The Sensex closed higher by 190 points, to 35160, while the Nifty 50 rose 47 points, to close at 10739. 

BANKNIFTY NEXT WEEK PREDICTION & CHARTS FOR 30 APR TO 04 MAY 2018

WEEKLY RESISTANCE FOR BANKNIFTY: 25190, 25290, 25390, 25833

PIVOT POINT: 24947

WEEKLY SUPPORT FOR BANKNIFTY :  24747,24504,24060,23618

WEEKLY CHART FOR BANKNIFTY

DAILY RESISTANCE FOR BANKNIFTY: 25618, 25768, 26210,26652

PIVOT POINT: 25326

DAILY SUPPORT FOR BANKNIFTY : 25251, 25176, 24884,24442

DAILY CHART FOR BANKNIFTY

bankNifty Rise To Near 2 Month Highs, Axis Bank Surges 9%

Bank Nifty opened the week at 25185, made a high of 25477, low of 24752 and closed the week at 25468. Thus it closed the week with a gain of 411 points. As the bank nifty is managing to trade above its 22 and 55&200 days moving averages with the RSI of 60, one may expect the targets of 25700/25900/26200 in the banknifty if it manages to sustain above the immediate support level of 25000/24900.

NIFTY NEXT WEEK PREDICTION & CHARTS FOR 30 APR TO 04 MAY 2018

WEEKLY RESISTANCE FOR NIFTY: 10654,10696,10800,10904

PIVOT POINT: 10592

WEEKLY SUPPORT FOR NIFTY :  10550,10488,10384,10280

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10765,10806,10910,10962

PIVOT POINT:10702

DAILY SUPPORT FOR NIFTY :  10661,10598,10546,10494

DAILY CHART FOR NIFTY

Sensex opened the week at 34403, made a high of 35036, low of 34403 and closed the week at 34969. Thus the Sensex closed the week with a gain of 554 points. At the same time, the Nifty opened the week at 10600, made a high of 10744 low of 10554 and closed the week at 10723. Thus the nifty closed the week with a gain of 128 points.  Indices ended sharply up on Friday at two-month highs, triggered by corporate earnings and taking cues from global peers. Markets begin May series on a stellar note with both Nifty and Bank Nifty index futures witnessing more than 1% gains. The rally in the indices was backed by strong build-up on the long side.

for nifty HAVE TO WATCH 10950 as strong RESISTANCE level

As predicted by us in our last weekly report “nifty seen 22&55 ema @(10400) and 200 ema @(10165)as strong support  level “and exactly same happened. They managed the support level of 10400 and pull nifty above the given resistance levels of 10600 and achieved all the target at 10720 and closed the week with made a high of 10744. And for now nifty will see 10630,10590 as support levels and 10800,10950 as a resistance level. 

NIFTY PREDICTION & FREE NIFTY TIPS FOR 27 APRIL 2018

"BUY RELIANCE 940 PUT @ 15 TGT 19/26"

"BUY DCB BANK ABOVE 196 TGT 198.40/201.50 SL 194.20"

After taking a day’s breather, bulls were back to winning ways on Thursday, as better results from banks and improving sentiment in IT stocks lifted the market mood. . Covering up of pending short positions by speculators on expiry of the April derivatives contracts and encouraging earnings by Yes Bank added to the momentum. Market ended the day on a bullish note, with the Sensex was up 200 points, while the Nifty was above 10,600-mark. The Sensex took off on a positive note at 34532 and advanced to the day’s high of 34747 before ending at 34713, up 212 points. This is its highest closing since 5 February, when it had finished at 34757. The Nifty ended at 10619, up 49 points, after shuttling between 10621 and 10556.

NIFTY PREDICTION & FREE FUTURE TIPS FOR 25 APRIL 2018

BUY RBI BANK FUTURE ABOVE 514 TGT 516.50/519.80 SL 511
SELL NCC FUTURE BELOW 128 TGT 125.40/122.20 SL 131.50
Bulls came in action & took the nifty above 10600 mark. The Sensex jumped 165 points up to close at 34616 on Tuesday, while the Nifty future ended 35 points higher at 10621. The market sentiments were boosted by financials, energy and pharma stocks. Gains were capped by a fall in metal stocks that slipped on the back of a fall in aluminum prices on the London Metal Exchange (LME). Reliance Industries (RIL) gained nearly 4% in trade to end at Rs 970 levels. Hindalco plunged as much as 9.3%, its biggest intraday percentage loss since early November 2016. Vedanta fell as much as 5.5% in intraday to end 2.4% lower, while National aluminium was down 7%.  Nifty future has opened at 10582 made a high of 10635 and low of 10568.