NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 24 OCT 2018

NIFTY TODAY
The present scenario in the market is like a tug of war between bulls and bears.  Continuing its slide in Tuesday’s session, the Sensex slipped over 287 points to close at almost seven-month low of 33847, tracking sluggish trend in global markets on geo-political tensions and fresh worries over trade war amid weak rupee. The Sensex closed 287 points lower at 33847 after hitting a low of 33742. This is the weakest closing since April 10 last, when it settled at 33880. The Nifty too fell below the 10200 level by dropping 98 points, to end at 10146. Intra-day, it touched a low of 10102.

NIFTY TOMORROW

A swift pullback is expected though it is a matter of time and patience.  At this point, we are cautious for bulls, as said before, as a pullback can be seen in the market. Buying at lower levels should be seen with the retest of 10450 - 10300. A close below 10000 will negate this view. Nifty has strong support at 10100 - 10000 levels given its a crucial support in this rally as the previous rally to 11700 saw a bottom being made at these levels only.

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Resistance: 10300, 10400

Support: 10100, 10000

NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 23 OCT 2018

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NIFTY TODAY

Bears appear to have gained upper hand as they sabotaged the good work done by the bulls in the last week before signing off the day with a strong bearish candle which forced the indices to close below 10250 levels which bulls were defending till now on closing basis.  Weakness in the last hour of trade dragged SENSEX & NIFTY to low points. The Nifty ended the session below 10250-mark, while the Sensex shed over 180 points. Against this, the market had a strong start, with the Sensex and Nifty having risen 1% each. The Sensex slipped 550 points to 35975 and the Nifty dipped 150 points to 10858 weighed down by index heavyweight Reliance Industries Ltd as macro concerns, including higher crude prices and liquidity crunch, hurt the trading sentiment. .

NIFTY TOMORROW

NEXT WEEK NIFTY PREDICTION & CHARTS 22 OCT TO 26 OCT 2018

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WEEKLY RESISTANCE FOR NIFTY: 10550, 10750, 10850

 PIVOT POINT: 10300

WEEKLY SUPPORT FOR NIFTY:  10200, 10100, 10000

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10400, 10550, 10750

PIVOT POINT: 10300

DAILY SUPPORT FOR NIFTY:  10250, 10200, 10150

DAILY CHART FOR NIFTY

During the week, our markets defending the key support level of 10200 on a closing basis was certainly a remarkable achievement. It was clearly an indication that the sellers have exhausted and they do not have further strength to react to the global hiccups. Hence, we had a gap up opening on the concluding day of the week with a good bump up and in fact, the momentum accelerated as the day progressed. In the course of action, we are back to Wednesday’s highs by ending the week on a cheerful note. Finally, the recent losing streak came to an end as we not only managed to defend the critical support level of 10200 but also ended the week with a good hope of further recovery in the forthcoming week. Last week, we had highlighted few notable observations and all those key technical evidences have proved their significance.

Trading for the week began with a decent bump up but this early morning lead immediately got sold into. Index came off sharply during the midst of the day towards the 10400 mark. This important intraday junction provided rock solid support for our market and as a result, we witnessed a v-shaped recovery in the latter half to reclaim the psychological figure of 10500 on a closing basis. Tuesday had a positive opening with marginal upside gap after Monday’s good tail end buying. Subsequently, we saw the index adding further gains in the initial hour. However, Nifty struggled around 10600 and hence, we saw a decent dip during the midst of the day. Fortunately for traders, this intraday decline eventually got bought into and as a result, the Nifty managed to close well inside the positive territory. Wednesday’s session opened with a good bump up of more than 100 points, owing to massive overnight rally in US markets on Tuesday. However, this lead did not last too long due to strong profit booking at higher levels. In fact, things became worse as index pared down all gains and eventually ended the session with a cut of over a percent to conclude tad above the 10450 mark. Thursday market was shut on accounts of Dassehra. Week has ended sharply lower amid weak global cues. Reliance earnings, NBFC crisis and H1-B visa issue dented investor’s sentiment. The Sensex ended the week down 463 points at 34315 and the Nifty slipped 149 points to 10303.

NIFTY: A STRONG SUPPORT WILL BE @ 10200; STRONG RESISTANCE LEVEL SEEN @10800

Next week is the expiry week for F&O Oct series , As long as it holds below 10300 , the Nifty50 may continue to extend weakness towards 10200 and the psychologically important 10,000 levels, while on the upside, the medium-term hurdle is shifting from 10650  to 10750 levels. As long as Nifty doesn’t surpass any immediate hurdle, the overall weak structure could limit the upside for the market.  Broad range for the week is seen from 10200 on downside & 10800 on upside.

TECHNICALLY SPEAKING.

NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 18 OCT 2018

NIFTY TODAY

Bears griped the Wednesday’s markets… After opening higher bulls could not sustained as nifty future came below 10450 mark!!!!The market cracked heavily in trades today facing a liquidity crunch amid rising crude prices and depreciating rupee. The recent string of defaults by non-banking financial companies (NBFCs) on debt repayment has compounded worries. The Sensex lost 383 points or 1 per cent to settle at 34780. The Nifty lost 132 points to end at 10453. 

NIFTY TOMORROW

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NIFTY TODAY

Bulls run continued in Tuesday’s trade. The Sensex closed 297 points up at 35162. The nifty future has crossed the hurdle of 10555 & made a high of 10599 & finally closed at 10587 up by 69 points. Investors shifted their focus to September quarter earnings season from global trade and geopolitical tensions. Also, recovery in global equities also helped lift market sentiment. 

INFOSYS Q2 EARNINGS

Country's second largest software services company Infosys has reported 13.8 percent sequential growth in second quarter consolidated profit at Rs 4,110 crore. Consolidated revenue grew by 7.7 percent to Rs 20,609 crore compared to Rs 19,128 crore in previous quarter.

NIFTY TOMORROW

NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 16 OCT 2018

NIFTY TODAY
Monday belonged to the bulls…!!! Bulls took the charge on the d-street & took nifty above 10500 mark. The Nifty remained highly volatile throughout Monday’s trading session, but recovered sharply by around 100 points from its intraday low and immediate crucial support of 10400 Market traded in a rangebound manner and ended on a positive note. Negative sentiment over a slowing world economy due to trade war and rising cost of funds is continuing to impact the market. The rupee continued to be under pressure as oil prices started to move up due to sudden spurt in tension between the US and Saudi Arabia. The Q2 results season began on a positive note, with index heavyweights such as IT and FMCG delivering in-line with expectation. The week has started on positive nifty future has opened at 10500 & went down to 10405 mark, after that nifty future has give a smart recovery & took nifty future above 10531 & closed the day at 10520 above 30 points. 

NEXT WEEK NIFTY PREDICTION & CHARTS 15 OCT TO 19 OCT 2018

WEEKLY RESISTANCE FOR NIFTY: 10600, 10700, 10800

 PIVOT POINT: 10300

WEEKLY SUPPORT FOR NIFTY:  10100,10000,9900

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10550, 10600, 10650

PIVOT POINT: 10400

DAILY SUPPORT FOR NIFTY:  10350, 10250, 10150

DAILY CHART FOR NIFTY

The carnage continues and the distressed market is in no mood to spare the market participants caught on the wrong foot. But, historically it’s proven, this is how market functions as it always tries to choke traders/investors up with the velocity of which it moves. During the week, last three days have been a complete nosedive for nifty, which consolidated in a range last week. In the course of the action, the index went on to breach all major supports one after another to eventually register the biggest weekly loss after February 12, 2016. Trading for the week began on a sluggish note and during the initial hours, Nifty once again nosedived to test the 10200 mark. This was followed by a V-shaped recovery in the midst of the session. However, once again this bounce back got sold into completely and in the course of the action, index went on to breach its morning’s low. Fortunately for us, the damage did not increase from there and in fact, we saw yet another bout of strong buying towards the fag end to conclude on a positive note.  On Monday nifty future closed at  10379. On Tuesday  markets had a positive opening with a marginal upside gap as indicated by the SGX Nifty. However, index failed to sustain at higher levels and hence, the early morning lead was merely a formality. During the day index made various attempts to give some bounce back but there every attempt got sold into and eventually index closed with nearly half a percent cut. Nifty future closed at 10314 on Tuesday.  On Wednesday, our markets opened with a decent upside gap despite mixed global cues and in fact, the momentum got accelerated right from the word go. Subsequently, a sustained buying was being witnessed throughout the session to eventually conclude the session with whopping gains over one and half a percent. Nifty future closed at 10324 on Wednesday. After Wednesday’s smart relief rally, no one would have expected such kind of terrible start. But, it’s beyond anyone’s control and this time, the global concerns spooked the market participants. At the close, things certainly do not see horrifying as the index managed to hold its key levels of 10200, which is an indication that probably the sellers have exhausted at least for a while. But, fortunately for us, there was no additional pain seen after a massive gap down. In fact, we did see our markets trying to find their feet throughout the day and the damage was not as big as it looked in the morning & nifty future closed the days at 10252. On Friday nifty posted its biggest intra-day percentage gain in over two years as market sentiment was lifted by a rebound in the rupee, easing crude oil prices and recovery in the global markets as well & closed at 10485 up by 233.

 NIFTY: A STRONG SUPPORT WILL BE @ 10000; STRONG RESISTANCE LEVEL SEEN @10600

NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 12 OCT 2018

Market showed a disappointing performance in Thursday's trading session after a strong show in Wednesday’s trade. Wednesday’s rebound on D-Street proved short-lived. The Sensex erased all gains of 2018 on Thursday, as the index plunged over 2%, following selloff in global markets, which was triggered by significant losses in Wall Street in overnight trade. The US stock market plummeted to its lowest level in over eight months. This engulfed Asia and Europe too. European stocks slumped to more than 18-month low in their early trade today. . The global rout, triggered by an overnight tumble on Wall Street, has reached Indian shores and the Sensex fell over 1000 points today while the Nifty hit 10138 at the day’s low.  The Sensex tanked 759 points, to 34001. While Nifty closed the day at 10234 down 225 points. The bloodbath on Dalal Street follows a rout in global equity markets after Wall Street suffered its worst drubbing in eight months, erasing hundreds of billions of dollars of wealth.