The Nifty after gap up opening continued to be
volatile throughout the session. It made attempt twice - in morning and in late
trade - to touch 10,400 levels but saw selling pressure both the time due to
new rupee low and crude volatility. The Nifty ended around 10300, while the
Sensex closed over 170 points lower. At the close of market hours, the
Sensex closed down 174 points at 34299. The Nifty opened sharply higher at
10390 and touched an intraday high of 10397, but gradually wiped out gains in
morning trade itself to trade lower. In the last hour of trade, it rebounded,
but within few minutes of trade, it caught in bear trap again and fell sharply
to hit day's low of 10279. The index closed 47 points lower at 10301 amid
volatility.
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Tuesday, October 9, 2018
Monday, October 8, 2018
NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 09 OCT 2018
The Nifty remained
highly volatile throughout Monday’s trading session, but recovered sharply by
around 200 points from its intraday low and immediate crucial support of 10200 led
by gains in banks, auto and oil and gas stocks. The Sensex traded
within a range of over 660 points and ended 97 points higher at 34474 points.
The Nifty held on to the 10300 levels and closed a tad below the 10350-mark
at 10348 points, up 31 points. The Nifty touched an intra-day high of
10398 points and an intra-day low of 10198 points.
Saturday, October 6, 2018
NEXT WEEK NIFTY PREDICTION & CHARTS 8 OCT TO 12 OCT 2018
Unchanged repo rate totally vanished the presence of bulls in the market. Bears may pull down nifty till 10,000 in the coming week.
WEEKLY RESISTANCE FOR NIFTY:10500,10700,10900
DAILY RESISTANCE FOR NIFTY: 10350,10450,10550
WEEKLY RESISTANCE FOR NIFTY:10500,10700,10900
PIVOT POINT: 10200
WEEKLY SUPPORT FOR NIFTY : 10000,9800,9600
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 10350,10450,10550
PIVOT POINT:10200
DAILY SUPPORT FOR NIFTY : 10100,10000,9900
DAILY CHART FOR NIFTY
Domestic equity market witnessed a sudden selling
pressure after the Reserve Bank of India kept rate unchanged at 6.50 %. The
index settled the day 792 points, lower at 34377. Its counterpart Nifty ended
at 10316, down 282 points. On Friday Monetary Policy Committee (MPC)
today decided to keep the policy rate unchanged. This was a positive surprise
for the markets with the consensus expectation being a hike of 25 bps. RBI policy announcement of keeping rates
unchanged is a surprise; this may lead to a negative impact especially the
currency market.
Trading for the week began slightly lower as indicated by the SGX Nifty. Subsequently, in the initial hours, we did see some attempts to recover from early morning lows. However, a strong bout of selling dragged the index significantly lower and within no time, index corrected towards 10800. Things looked extremely bleak at one point; but fortunately, our markets attracted enormous buying interest at lower levels and throughout the second half, there was broad-based rally seen to reclaim the 11000 mark. On Monday nifty future closed at 11061. On Tuesday market was closed on accounts of Gandhi Jayanti. There is no respite for our markets as Monday’s recovery did not last long. On Wednesday, market opened slightly lower and then traded in a range throughout the first half. There were a couple of attempts made to bounce back from lower levels but all eventually got sold into. In fact, the selling aggravated towards the fag end of the day to conclude the day with a massive cut of 1.5% from the previous close. Wednesday nifty future closed at 10893. On Thursday gap down opening was very much in-line with what SGX Nifty was suggesting early in the morning. However, things worsened as the day progressed and in the course of action, the Nifty corrected more than 300 points on an intraday basis. There were couple of attempts made to see some respite but all got sold into as the selling pressure was quite fierce at higher levels. In terms of index, Thursday was a terrible day for our benchmarks as it was the biggest single day loss (on closing basis) in the recent past, nifty future closed the day at 10631.
Trading for the week began slightly lower as indicated by the SGX Nifty. Subsequently, in the initial hours, we did see some attempts to recover from early morning lows. However, a strong bout of selling dragged the index significantly lower and within no time, index corrected towards 10800. Things looked extremely bleak at one point; but fortunately, our markets attracted enormous buying interest at lower levels and throughout the second half, there was broad-based rally seen to reclaim the 11000 mark. On Monday nifty future closed at 11061. On Tuesday market was closed on accounts of Gandhi Jayanti. There is no respite for our markets as Monday’s recovery did not last long. On Wednesday, market opened slightly lower and then traded in a range throughout the first half. There were a couple of attempts made to bounce back from lower levels but all eventually got sold into. In fact, the selling aggravated towards the fag end of the day to conclude the day with a massive cut of 1.5% from the previous close. Wednesday nifty future closed at 10893. On Thursday gap down opening was very much in-line with what SGX Nifty was suggesting early in the morning. However, things worsened as the day progressed and in the course of action, the Nifty corrected more than 300 points on an intraday basis. There were couple of attempts made to see some respite but all got sold into as the selling pressure was quite fierce at higher levels. In terms of index, Thursday was a terrible day for our benchmarks as it was the biggest single day loss (on closing basis) in the recent past, nifty future closed the day at 10631.
NIFTY:
A STRONG SUPPORT WILL BE @ 10100; STRONG RESISTANCE LEVEL SEEN @10500
Thursday, October 4, 2018
NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 5 OCT 2018
Market was like sea of red on Thursday . The markets logged it's biggest
drop & hit 3 month low. The markets took a major hit as both the key
indices amid a selloff witnessed across sectors and weak global cues. The
Sensex tanked as much as 858 points to touch 35116 - a level last seen on July
2. The Nifty plummeted 267 points to hit an intraday low of 10591 - its lowest
since July 9. The rupee hit another record low, amid weak global cues, boiling
crude prices and fears of a widening current account deficit. Concerns over the
Reserve Bank of India (RBI) adopting an aggressive stance in its monetary
policy statement due to a rise in inflationary pressure led to erosion in
investors' risk-taking appetite. Caution prevailed in the markets ahead of RBI's statement due
on Friday. We are expecting that the central bank to hike the repo rate by 0.25%.
Wednesday, October 3, 2018
NIFTY PREDICTION & FREE NIFTY TIPS FOR 4 OCT 2018
Bears continued to rule on dalal street. The Sensex fell over 200 points
and the Nifty dropped below the 11,000-level in early trade Wednesday after the
rupee dropped to a new low amid sustained foreign fund outflows and surging
crude oil prices. BSE benchmark Sensex closed at 35975,
down 550 points. The Nifty ended 150 points lower at 10800. Investors were also cautious ahead of the three-day RBI
policy review started from today. Investors will keep a close watch on the
Reserve Bank of India's (RBI) decision on key interest rates. The RBI's
monetary policy committee has started its three-day meeting from today to
decide on the fourth bi-monthly monetary policy. After two successive hikes,
the repo-rate currently stands at 6.50%. In this running week, which is a
truncated one as Tuesday was a market holiday for Gandhi Jayanti, RBI’s money
policy review will be one of the key market drivers along with some
macroeconomic numbers and movement in the rupee and crude oil prices. The
central bank’s fourth bimonthly money policy review of this financial year will
be held on October 3-5. Market analysts believe RBI may feel compelled to go
for a rate hike for the third time, considering the rupee’s poor health, steady
rise in crude oil prices and Fed’s third rate hike. In its August policy, RBI
had raised the repo rate for the second consecutive time by 25 basis points
to 6.50%.
Monday, October 1, 2018
NIFTY PREDICTION & FREE NIFTY TIPS FOR 3 OCT 2018
The week has
started on a choppy note. The Sensex jumped as much as 240 points to touch
36467 while the Nifty climbed 56 points to hit 10986 in late afternoon
trade. The indices swung between gains and losses during Monday’s session. The
Sensex traded in a range of 36467 -35960, while the Nifty moved
between 10963 and 10821. That meant a swing of 506 points for
the sensex & 141 points for the
Nifty. Caution prevailed after the Reserve Bank of India announced
measures to curb liquidity concerns. Finally sensex closed the day at 36526
while nifty ended at 11008.
Friday, September 28, 2018
NEXT WEEK NIFTY PREDICTION & CHARTS 1 OCT TO 5 OCT 2018
WEEKLY RESISTANCE FOR NIFTY:11200,11300,11400
PIVOT POINT: 11000
WEEKLY SUPPORT FOR NIFTY : 10900,10800,10700
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 10950,11000,11100
PIVOT POINT:10900
DAILY SUPPORT FOR NIFTY : 10850,10800,10750
DAILY CHART FOR NIFTY
This has been clearly the worst week for our markets in last few months.
We have been correcting right from the word go, started on Monday and Friday
was like adding insult to the injury. At one point on Friday, index and the
broader market was falling like a pack of cards; threatening market
participants to a great extent. Fortunately, we did manage to give a decent
recovery from lows and have closed at the make or break level. It has been a rather jittery start to the
October series. The Nifty has stayed below 11,000-mark on Friday.
The week started flat positively, the rub-off effect from the last week
dragged the indices lower right from the word go. During the day, the bears
clearly had the upper hand as markets remained under pressure and the Nifty ended
below 11000 mark. Tuesday opened slightly higher very much in line with the Nifty;
but once again it turned out to be a formality. After some initial
consolidation, the index eventually started correcting and in fact the momentum
accelerated as the day progressed. In the second half, the index eventually
slipped below its important psychological support of 11000 and then remained
stagnant in the last hour of the day. On Wednesday the ecstasy of the northward
direction halted as we witnessed strong bout of selling on account of
depreciating domestic currency, global trade war, rising crude prices and some
concerns over few NBFC’s. In the course of action, index corrected almost 6% in
the September series to conclude tad below the important psychological level of
11000. Despite this carnage in the broader market, IT counters clearly bucked
the trend as we saw giants like ‘INFY’ and ‘TCS’ went on to clock fresh record
high. On Thursday market opened slightly higher very much in line with the SGX
Nifty; but once again it turned out to be a formality. After some initial
consolidation, the index eventually started correcting and in fact the momentum
accelerated as the day progressed. In the second half, the index eventually
slipped below its important psychological support of 11000 and then remained
stagnant in the last hour of the day.
NIFTY: A STRONG SUPPORT WILL BE @ 10800;
STRONG RESISTANCE LEVEL SEEN @11200
Thursday, September 27, 2018
NIFTY PREDICTION & FREE NIFTY TIPS FOR 28 SEP 2018
Market saw
selling pressure at higher levels on Thursday, as nifty settled September
series futures & options contracts at below 11,000. Domestic stock markets
started Thursday's session on a lackluster amid cautious trade by investors
ahead of expiry of monthly derivatives contracts. At 2:18 pm, the Nifty was
trading 77 points, lower at 10976 while the Sensex was down 197 points, at
36344. At the close of market hours,
the Sensex closed down 218 points at 36324, while the Nifty was lower by 76 points
at 10977. The Sensex concluded the session over 200 points lower. Market is struggling mainly due to
sentimental dent despite reaffirmation of liquidity support by the Reserve bank
of India and other related agencies. The continuous fall in NBFC and banking
counters is adding to that pressure. Weakness in Asian peers after the Federal Reserve announced
a hike in key interest rate overnight also dampened sentiment in the domestic
markets. However, the government's move on customs duty applicable to 19 items
eased some concerns on the current account deficit front, and limited the
down-slide. The Reserve Bank of India
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