Bulls run continued on Tuesday..!!!
Nifty hit almost 4 months high due to healthy buying in FMCG, pharma, IT and
bank stocks after a historic meet between the US President Donald Trump and
North Korean leader Kim Jong Un. The meet, aimed at denuclearization of
the Korean peninsula, was hailed as better-than-expected by market
participants. The development gave a boost to major Asian stock markets,
including India. However, the profits were restricted, as investor’s
awaited IIP data for April and CPI inflation for May for further cues. The Sensex surged 209 points, to end the day at 35693. The Nifty future climbed 61 points finishing Tuesday's session at 10847. It
has opened at 10797 made a high of 10849 and low of 10780 total 69 points nifty
future has moved in intraday.
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Tuesday, June 12, 2018
Monday, June 11, 2018
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 12 JUN 2018
RELIANCE STRANGLE STRATEGY FOR JUN 2018
I
It wasn’t quite a Monday for the bulls, as volatility gripped the market!
Sensex slipped 221 points from the day’s high to end at 35,483, up just 40
points. Nifty settled 19.30 points higher at 10,786. Market traded positively
during most part of the day supported by favorable global cues. However, a
consensus estimate of higher CPI inflation for May at 4.8 per cent and a
caution ahead of FOMC meeting during the week influenced profit booking. On the
other hand, progress in monsoon and positive outlook on rural economy will give
some respite to equity in the near term.
Friday, June 8, 2018
NIFTY WEEKLY PREDICTION & CHART FOR 11 JUNE TO 15 JUNE 18
WEEKLY RESISTANCE FOR NIFTY: 10850,10875,10900
PIVOT POINT: 10650
WEEKLY SUPPORT FOR NIFTY : 10600,10525,10475
WEEKLY CHART FOR
NIFTY
DAILY
RESISTANCE FOR NIFTY: 10775,10800,10825
PIVOT POINT:10700
DAILY SUPPORT FOR NIFTY : 10725,10700,10675
DAILY CHART FOR
NIFTY
Tug of war between bulls and bears from day one. Bears were
heavy on 1st two days i.e. Monday & Tuesday but finally bulls snatched the
rope in their hand and managed to touch level 10814 but bears did not
diminished from the race and again showed some strength to pull back nifty till
the level 10725 on Friday. After a 2-day spell since Reserve Bank of India's (RBI)
rate hike which saw the Sensex rise
more than 500 points, equity markets on Friday opened in the red as investors
opted for profit booking ahead of the weekend. This week nifty future has
started at 10732 made a high of 10814 and low of 10552 and finally closed at
10738 down by 76 points.
As predicted by us in our previous weekly report nifty has successfully passed the critical zone 10750 & made a high 10814 & closed at 10748.
As predicted by us in our previous weekly report nifty has successfully passed the critical zone 10750 & made a high 10814 & closed at 10748.
Thursday, June 7, 2018
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 JUN 2018
Bulls run continued on Thursday’s trade & took the nifty above the
resistance level 10800 & finally closed at 10765. Nifty future has started
the day at 10725 and made a high of 10814 total 89 points nifty future has
moved in intraday while the Sensex gained a little over 400 points. Bank Nifty
too rose 150 points to 26517 level. A day after
the Reserve Bank hiked rates, the markets continued to rally on the relief that
an important event was now in the rear view mirror. In the policy, RBI allowed banks to spread Mark to
Market losses in investments in available for sale & held for trading
portfolio for June quarter equally over four quarters. This will give relief to
the banks which suffered heavy MTM losses due to recent spike in bond yields.
Also, RBI mentioned that credit off take is satisfactory. The rate hike will
help improving banks NIMs for future credit off take. This has led to positive
sentiment in market. The rate hike is a negative but markets are recovering due
to short-covering, since people sold off their positions at higher levels prior
to the RBI meet and are now covering their positions at lower prices.
Wednesday, June 6, 2018
NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 JUNE 2018
Bulls are back on the driver seat & took
nifty to 10700 mark. The Sensex and Nifty gained nearly 1% today after the
Reserve Bank of India’s monetary policy decision has decided to increase key
interest rates by 25 basis points to 6.25%. All the six members of RBI’s
monetary policy meeting have voted in favour of a rate hike, while maintaining
a neutral stance. Meanwhile in global markets, stocks in Europe and Asia were
mixed as tech-inspired rally in global stocks is waning. The Sensex closed
higher by 275 points, to 35178, while the Nifty rose 91 points to close at
10684.
Tuesday, June 5, 2018
NIFTY OUTLOOK FOR RBI POLICY 6 JUNE 2018
KEEP AN EYE ON
RELINFRA ON 06 JUNE
Nifty came down & closed below 10600 mark;
eying RBI meet due tomorrow..!!! The market has ended a highly volatile day on
negative note as investors chose to remain on the sidelines ahead of the
outcome of RBI’s monetary policy meet. The Monetary Policy Committee (MPC)
of the Resave Bank of India began its three-day meeting on Monday amid high
speculation that it may hike key interest rates for the first time in over four
years, keeping firming inflation in view. The Sensex came down 108 points
at 34903 and the Nifty future came down below 10600 mark to close at 10,596.
The bank Nifty ended on flat note at 26257. An increasing number of economists
expect the Reserve Bank of India (RBI) to raise interest rates on
Wednesday, a Reuters poll found, but most still think the central bank will
stay on hold and use this week’s meeting to prepare for an August hike. Among
macro data released earlier today, activity in India’s service industry shrank
in May for the first time in three months as new orders stagnated, but business
optimism was the highest since 2015 on expectations that demand will turn
around, a business survey showed.
Saturday, June 2, 2018
NIFTY WEEKLY PREDICTION & CHART FOR 04 JUNE TO 08 JUNE 18
WEEKLY
RESISTANCE FOR NIFTY: 10805,10844,10883,10988
PIVOT
POINT: 10672
WEEKLY
SUPPORT FOR NIFTY : 10694,10527,10461,10355
WEEKLY CHART FOR NIFTYDAILY RESISTANCE FOR NIFTY: 10720,10745,10807,10844
PIVOT
POINT:10694
DAILY
SUPPORT FOR NIFTY : 10645,10619,10582,10544
DAILY CHART FOR NIFTY
Sensex opened the
week at 34856, made a high of 34967, low of 34344 and closed the week
at 34924. Thus the
Sensex closed the week with a gain
of 76 points. At the same
time, the Nifty opened the week at 10648,
made a high of 10715 low of 10556
and closed the week at 10671.
Thus the nifty closed the week with a gain of 63 points. Benchmark indices ended lower on Friday. Price correction on the first
session of the new June series derivatives today took its toll. Markets started
on a positive note after data showed that India’s January-March 2018 GDP growth
soared to a seven-quarter high of 7.7 per cent, spurred by robust performance
of manufacturing, construction and service sectors, helping it retain the tag
of the fastest growing major economy.
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