NEXT WEEK NIFTY PREDICTION 21 MAY TO 25 MAY 2018

WEEKLY RESISTANCE FOR NIFTY: 10821,10955,11174,11441

PIVOT POINT: 10774

WEEKLY SUPPORT FOR NIFTY :  10601,10507,10240,10106

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10671,10735,10789,10896

PIVOT POINT:10628

DAILY SUPPORT FOR NIFTY :  10564,10543,10468,10414

DAILY CHART FOR NIFTY

Sensex opened the week at 35616, made a high of 35921, low of 34867 and closed the week at 34848. Thus the Sensex closed the week with a loss of 687 points. At the same time, the Nifty opened the week at 10810, made a high of 10947.90 low of 10686.05 and closed the week at 10608. Thus the nifty closed the week with a loss of 207 points. Benchmark indices declined for a fourth straight session on Friday, Sensex ended at 34,848, down 301 points while the Nifty settled at 10,605, down 78 points amid caution over uncertainty over the formation of government in Karnataka, developments in US-China trade negotiations and firm crude prices. In a major political development, the Supreme Court held a hearing in the Karnataka government formation matter, directing that the Bharatiya Janata Party (BJP) leader and the state's new chief minister, BS Yeddyurappa, must conduct the floor test on Saturday at 4 pm. Sensex and  Nifty closed lower with dragged by market heavyweights ICICI Bank, RIL and HDFC Bank, following foreign fund outflows and mixed sentiment in global stock markets. Investors were cautious over developments in US-China trade negotiations and rising oil prices.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 18 MAY 2018

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The benchmark stock indices today opened on a positive note after BJP’s B. S. Yeddyurappa was sworn-in as the chief minister of Karnataka but indices came down   extended losses in late trade, with the Sensex falling 277.02 points to 35,110.86 and the Nifty declining 74 points to 10,667.10. BSE Sensex closed 238.76 points lower at 35149, while the Nifty 50 ended 68 points down at 10693.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 MAY 2018

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"SELL RELINFRA BELOW 385 TGT 380/372 SL 392"

"BUY INDUSIND BANK ABOVE 1915 TGT 1922/1934 SL 1905"

The market gave up all gains and closed marginally in the red on Tuesday as uncertainty around who will form the government in Karnataka made investors wary. Today after BJP struggled to reach the halfway mark of 112 seats to form the next government in Karnataka. There were reports that Congress and JDS staked their claim to form the government. BJP won 104 seats out of 222 seats for which counting was done. Congress was able to retain 78 assembly seats with JDS winning on 38 seats. Independent candidates won on two assembly seats. Earlier in the day, the Sensex rose over 350 points and Nifty future hit 10947 for the first time since February 2, 2018 amid the early trends of the results of Karnataka assembly elections showing BJP leading gains in the Congress-ruled state. The BJP looked set to  emerge as winner leading on more than 100 seats in contest for 222 assembly seats. The Congress looked a distant second leading at 64 seats, followed by Janata Dal (Secular) holding gains at 45 seats. But as the Narendra Modi-led party faltered ahead of the halfway mark, benchmark indices turned volatile and fell into negative territory. While the Sensex fell 451 points from the intraday high of 35993, the Nifty future was down 128 points from the intra day high of 10947 level.it has opened at 10814 made a low of 10787 and closed at 10816. Total 160 points nifty future has moved in intraday.

NIFTY OUTLOOK FOR KARNATAKA ELECTION 15 MAY 2018

The cloud of Karnataka election poll results made the market movement lackluster. Today nifty was trading above the 10800 level but ended on flat note. The Sensex was up 21 points at 35556 and the Nifty rose points 12 to 10807. All are keeping their eye on the Karnataka assembly election results which are due on Tuesday 15 may 2018.

NIFTY NEXT WEEK VIEW & TIPS FOR 7 TH TO 11 MAY '18

WEEKLY RESISTANCE FOR NIFTY: 10797,10870,10944,11019

PIVOT POINT: 10721

WEEKLY SUPPORT FOR NIFTY :  10648,10610,10572,10497

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10849,10866,10883,10929

PIVOT POINT:10792

DAILY SUPPORT FOR NIFTY :  10758,10730,10656,10565

DAILY CHART FOR NIFTY

Sensex opened the week at 35017, made a high of 35596, low of 35001 and closed the week at 35535. Thus the Sensex closed the week with a gain of 620 points. At the same time, the Nifty opened the week at 10679, made a high of 10827 low of 10645 and closed the week at 10815. Thus the nifty closed the week with a loss of 197 points. Sensex and nifty closed higher on Friday, tracking gains in global equities after softer US inflation was seen reducing pressure on the US Federal Reserve to hike rates at the faster pace.

nifty ; strong RESISTANCE level seen @10950 for new high

As predicted by us in our last weekly report “nifty FACE strong RESISTANCE  level at 10800 and support level of 10600 “and exactly the same has happened. NIFTY has managed to trade between the level of 10800-10600 and closed the week at 10815. And in the upcoming week the karnataka election impact we will see in the market. so more volatility we expect the the next trading session.  Next week nifty will face the resistance at 10830,10950 level while 10700,10590 will act as strong support levels.

BANKNIFTY NEXT WEEK VIEW & TIPS FOR 7 TH TO 11 MAY '18

WEEKLY RESISTANCE FOR BANKNIFTY: 26146, 26282, 26387, 26492

PIVOT POINT: 26000

WEEKLY SUPPORT FOR BANKNIFTY :  25904,25799,25663,25526

WEEKLY CHART FOR BANKNIFTY

DAILY RESISTANCE FOR BANKNIFTY: 26542, 26606, 26854,27039

PIVOT POINT: 26422

DAILY SUPPORT FOR BANKNIFTY : 26173, 26053, 25747,25563

DAILY CHART FOR BANKNIFTY

Stop-long positions at 25,150. Stop-short positions at 25,400. Big moves could go till 27,000, 25,000.

Bank Nifty opened the week at 27760 made a high of 26429, low of 25737 and closed the week at 26415 . Thus it closed the week with a gain of 691 points. As the bank nifty is managing to trade above its 22 and 55&200 days moving averages with the RSI of 70, one may expect the targets of 26500/26700/27000 in the bank nifty if it manages to sustain above the immediate support level of 25400/25150. And seen 26500,26850 as a resistance level.                    

                                 As predicted by us in our last weekly report “BANKnifty seen strong reristance  level at 25830 and support level of 25500 “and exactly same happened. They managed to trade above the support level of 25500 and achieved all the target @ 26200 made a high 26415.                    

banknifty Still In Positive Momentum, Hold Long With Strict Sl 25150

Technically, BANKNIFTY is still in positive zone but. BANKNIFTY would be considered weak only below 25400 levels. BANKNIFTY would see reversal if it is closes below 25400 levels. Overall, it is strong for long-term . Investors can go long above 26500. Bank Nifty may see some further temporary correction but traders should initiate short position only below 25400 levels until then take new long ONLY ABOVE 26500. If bank nifty managed to close above 26500 levels. Or breaching this level. Bank nifty would force it to move towards 26700-26850-27000 levels.

TECHNICALLY SPEAKING.

          This week, the indices short-term average of 22dma bank Nifty – 25530 close above it. The banknifty continue to remain above the medium term average of 55dma Bank Nifty – 25290 and above the long-term average of 200dma Bank Nifty 24700. MACD and Price ROC are both positive and in buy mode. RSI (70) suggests bullish momentum. Thus the trend in the long term has remained bullish whereas the trend in the medium term timeframe continues to remain bullish.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 10 MAY 2018

Wednesday’s rangebound trading session ended on bullish note. The markets ended higher despite weakness in their Asian counterparts. The Sensex gained 103 points to close at 35319 levels, while the Nifty future settled at 10769 levels. It has opened at 10715 made a high of 10787 and low of 10712.  Nifty has given a pullback from the low of 10712 levels but has shown resistance near around 10800 levels. On the downside, we maintain the level of 10650 as a strong support and at the higher end, we anticipate 10850 level would be crucial and a breakout above that level would find the index in a new territory for more upside movement. However, the support for the day is seen at 10635 while resistance is seen at 10825.
Nifty5 may continue to trade in the range of 10800 to 10700 for next couple of days. Any upside breakout of 10850 on a closing basis will give us further direction and higher levels of 10900. Traders and investors are suggested to have positions being hedged since the increase in volatility is expected ahead of the event.

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Resistance: 10800, 10850, 10900

Support: 10700, 10650, 10600

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.