NIFTY OUTLOOK & FREE NIFTY TIPS FOR 9 MAY 2018

                        "BUY NIFTY FUTURE ABOVE 10730 TGT 10760,10790 SL 10700"
                                    "BUY VEDL 280 PUT @9 TGT 11,14 SL 6"

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Tuesday’s volatile trading session ended on flat note with Nifty being able to hold 10700 mark. The Bank Nifty gained 1%, helped by a gain of 7 percent in ICICI Bank. The Sensex ended down 8 points at 35216 and the Nifty down 2 points at 10717. 

Markets could see some correction before the outcome of elections in the southern state of Karnataka. There could be some correction before the election results are known. I expect NSE to be range-bound between 10500-10800 mark. However, the market is generally positive and there could be gains in oil marketing companies due to the possibility of fuel prices being hiked after the Karnataka elections. 

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 8 MAY 2018

Bulls came in action & took nifty above 10700 mark but failed to sustained & closed below the 10750 market at 10739. The surge in Street came on back of bank stocks as the Nifty PSU Bank sub-index gained in excess of 2 %. Other major sub-indices- Auto and FMCG also closed 1.50 % above previous closing. IT and pharma were the only sub-indices to close in the negative territory. Nifty future has opened at 10679 made a high of 10746 & low of 10645. Total 101 points nifty future has moved in intraday.

NIFTY WEEKLY PREDICTION FOR 07 MAY-11 MAY'18

WEEKLY RESISTANCE FOR NIFTY: 10746,10773,10807,10902

PIVOT POINT: 10719

WEEKLY SUPPORT FOR NIFTY :  10685,10624,10597,10475

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10684,10697,10709,10756

PIVOT POINT:10662

DAILY SUPPORT FOR NIFTY :  10637,10626,10591,10521

DAILY CHART FOR NIFTY

Sensex opened the week at 35001, made a high of 35302, low of 34889 and closed the week at 34915. Thus the Sensex closed the week with a loss of 54 points. At the same time, the Nifty opened the week at 10688, made a high of 10762 low of 10614 and closed the week at 10618. Thus the nifty closed the week with a loss of 105 points. Benchmark indices closed sharply lower on Friday, with the Sensex falling 187 points to 34,915 and the Nifty declining 61 points to 10,618. Volatility today ruled the roost as benchmark indices traded in the negative zone for most of the day despite making several attempts to shrug off some of the losses. Sustained selling pressure in index heavyweights coupled with negative global stocks, weighed on domestic investor sentiment.

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.