NIFTY OUTLOOK & FREE NIFTY TIPS FOR 29 MAY 2018

QUARTERLY RESULT ON 29 MAY 2018

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The May F&O expiry week has started on positive note especially when the participants are in fix over next directional move. The Sensex rose 240 points to 35165 while the Nifty failed to hold 10700 levels, gaining 83 points at 10688. A widening of positions by retail investors amid continued buying by domestic institutional investors (DIIs) kept the bullish sentiment intact.

NIFTY WEEKLY REPORT FOR 28 MAY TO 01 JUNE 2018

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WEEKLY RESISTANCE FOR NIFTY: 10567,10678,10736,10847

PIVOT POINT: 10514

WEEKLY SUPPORT FOR NIFTY :  10398,10345,10292,10070

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10658,10682,10707,10826

PIVOT POINT:10588

DAILY SUPPORT FOR NIFTY :  10539,10504,10469,10350

DAILY CHART FOR NIFTY

The week has started on a positive note. bulls & bears had a tough fight in the past week. but at last bulls won...!!!The  Sensex started the week at with the level 34856, made a high of 34967, low of 34344 and closed on friday at 34924 with 76 points gain. At the same time, the Nifty opened the week at 10630, made a high of 10637 low of 10408 and closed the week at 10608 with small gains . all the gains were laid by oil and banking stocks. IT extended gains as the rupee traded near a 16-month low. European and Asian shares were mixed amid US-China trade tensions and uncertainty about US-North Korea summit. 

nifty : a strong support seen @ 10400; strong RESISTANCE level seen @10700

BANKNIFTY PREDICTION FOR 28 MAY TO 01 JUNE 2018

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WEEKLY RESISTANCE FOR BANKNIFTY: 25992, 26140, 26365, 26625

PIVOT POINT: 25845

WEEKLY SUPPORT FOR BANKNIFTY :  25620,25472,25325,24805

WEEKLY CHART FOR BANKNIFTY

DAILY RESISTANCE FOR BANKNIFTY: 26371, 26436, 26502,26672

PIVOT POINT: 26161

DAILY SUPPORT FOR BANKNIFTY : 26095, 26030, 25820,25649

DAILY CHART FOR BANKNIFTY

Stop-long positions at 25,400. Stop-short positions at 26,290.

Bank Nifty opened the week at 25952 made a high of 26292, low of 25550 and closed the week at 26240 . Thus it closed the week with a gain of 320 points. As the bank nifty is managing to trade above its 22 and 55&200 days moving averages with the RSI of 60, above  26290 one may expect the targets of 26500/26650/26700/26800 in the bank nifty if it manages to sustain above the immediate support level of 26000/25780/25500. And resistance level for bank nifty are 26290,26470 ,26550.

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS 25-05-18

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Market tried to recover the previous losses in Thursday’s trade. The Sensex stayed in the positive terrain throughout the session and hit a high of 34741 intra-day, before finishing at 34663 -- showing a sharp rise of 318 points. The gauge had lost 306 points in yesterday's trade. The Nifty scaled a high of 10535 before closing at 10513, up 83 points. Today's sharp rebound was bit of a surprise, especially after the Wednesday's fall and that caught bears completely off-guard. However, it's too early to call this bounce as reversal and thus advise waiting for confirmation before jumping into a trade. The markets have not been in the best of shapes in the last one week.

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 24 MAY 18

Bears tighten their on dalal street & pulled nifty below 10450 support level …!!!! A volatile trading session ended on negative note.  Nifty future was shuttling between 10540 and 10420 levels. It has started at 10525 made a high of 10539 and low of 10413 and closed at 10426 total 126 points was moved throughout the day. Today Nifty future has closed below the supporting level of 10450.Market was pulled down by oil companies, while mining and energy conglomerate Vedanta Ltd hit an over 10-month low as protests against its copper plant in south India turned violent. State-owned oil refiners as well as marketing companies, such as Indian Oil and Hindustan Petroleum, took a hit on worries that the government may ask them to share the burden of higher petrol and diesel prices. Retail fuel prices have surged on the back of a rally in crude oil, now hovering around $80 per barrel amid production cuts led by the Organization of the Petroleum Exporting Countries.

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 23 MAY 2018

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A volatile trading session ended on positive note. The nifty future has ended at 10555. It has opened at 10533 made a high of 10572 & low of 10507 total 65 points nifty future moved in intraday following mixed cues from global markets and political uncertainty in Karnataka amid fourth quarter earnings. Equities in Europe and Asia were mixed despite gains on Wall Street on the back of an apparent cooling in recent US-China trade tensions. 

NIFTY OUTLOOK & FREE TIPS FOR 22 MAY 2018

The week has started on negative note. The markets ended lower on 21 May 2018, following the resignation of the Bharatiya Janata Party's (BJP's) B S Yeddyurappa in the Karnataka Assembly despite positive global cues. B S Yeddyurappa’s third chief ministerial stint lasted all of 55 hours, and his resignation on Saturday evening came as a shot in the arm for an Opposition struggling to mount a united challenge to the Narendra Modi-led Bharatiya Janata Party (BJP) in the 2019 Lok Sabha elections. Sentiment got another jolt after Moody’s Investors Service downgraded PNB’s rating, citing the impact of recent fraud on its capital as well as weak internal controls. The gauge finally ended at a nearly one-month low of 34616, down 232 points. This is its weakest closing since April 25 when it had finished at 34501. It had lost 708 points in the previous four sessions. The Nifty closed lower by 79 points, at 10516, after hovering between 10621 and 10505.

BANKNIFTY PREDICTION 21 MAY TO 25 MAY 2018

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WEEKLY RESISTANCE FOR BANKNIFTY: 26657, 26950, 27243, 27694

PIVOT POINT: 26340

WEEKLY SUPPORT FOR BANKNIFTY :  25754,25596,25437,24985

WEEKLY CHART FOR BANKNIFTY

DAILY RESISTANCE FOR BANKNIFTY: 25926, 25984, 26103,27283

PIVOT POINT: 26422

DAILY SUPPORT FOR BANKNIFTY : 25804, 25746, 25688,25450

DAILY CHART FOR BANKNIFTY

 

STOP-LONG POSITIONS AT 25,400. STOP-SHORT POSITIONS AT 26,290.

Bank Nifty opened the week at 26411 made a high of 26926, low of 25810 and closed the week at 25920 . Thus it closed the week with a loss of 495 points. As the bank nifty is managing to trade above its 22 and 55 & 200 days moving averages with the RSI of 55, above  26050 one may expect the targets of 26150/26200/26280/26500 in the bank nifty if it manages to sustain above the immediate support level of 25777/25737/25450. And resistance level for bank nifty are 26280,26465 ,26550.

                              As predicted by us in our last weekly report “BANKnifty seen strong resistance level at 26500 and support level of 25400 “and exactly same happened. They managed to trade above the support level of 25400 and traded above resistance level of 26500 and achieved target of 26850 made a high 26926.65 near final target of 27000.