NIFTY LEVELS & NIFTY OPTION TIPS FOR 13 NOV 2018

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BUY CUMININD ABOVE 808 TGT 812.80/817 SL 804
SELL JINDALSTEL FUTURE BELOW 180 TGT 177.40/174.30 SL 184

Bulls are on back foot, Bears continued to rule…  Nifty has started the week on negative note citing weak global markets and rise in oil prices on concerns of production cut. Nifty witnessed selling pressure and dropped below the 10500 level. Indian equity benchmarks erased their opening gains and declined the most in over two weeks. The Sensex ended down 345 points at 34812, while Nifty was down 103 points at 10482.

NEXT WEEK NIFTY PREDICTION & CHARTS 12 NOV TO 16 NOV 2018

WEEKLY RESISTANCE FOR NIFTY:10700,10800,10900

 PIVOT POINT: 10550

WEEKLY SUPPORT FOR NIFTY :  10500,10400,10300

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10700,10750,10800

PIVOT POINT:10600

DAILY SUPPORT FOR NIFTY :  10550,10500,10450

DAILY CHART FOR NIFTY

Diwali week brought back some joy in the traders’ / Investors’ fraternity. Few macro factors like Crude Oil correcting from higher levels as well domestic currency softening led to this much awaited hope rally. There were couple of tentative attempts seen from the markets; but eventually strong buying momentum lifted index significantly higher from last week’s low. During the week, barring muhurat trading day, there has been no major action seen in the Nifty.  Nifty opened on a sluggish note owing to nervous cues from the Asian bourses. Index remained in a bit of pressure for the major part of the day. However, late recovery post the SBI earning resulted into trimming of some portion of losses and in the process, Nifty eventually managed to defend the 10500 mark on a closing basis. Monday’s corrective move can be interpreted as a breather or pull back towards the important support zone of 10480 - 10440. Tuesday’s session was quite similar to Monday’s trading action. Index remained in a slender range with no real momentum in the Nifty ahead of Diwali festival. However, on the auspicious day of Laxmi Pujan on Wednesday, Nifty opened higher with a decent gap and eventually closed tad below the 10600 mark. Thursday Market was closed on accounts of Diwali. Friday nifty was trading slightly lower tracking as the Federal Reserve looked set to deliver another interest rate hike next month, paring gains made earlier this week after US midterm elections triggered a global equities rally. Nifty closed the week above 10600 mark.

NIFTY: A STRONG SUPPORT WILL BE @ 10675; STRONG RESISTANCE LEVEL SEEN @10925

Now, the nifty future have to hold above the 10600 -10650 zone to extend its upward move towards the 10700-10800 level. It has been making higher highs and higher lows for last four weeks and a hold above 10650 level would be important for the index to move higher.  Minor support for the index lies in the zone of 10600  to 10550. Support for the index lies in the zone of 10500 to 10450. If the index manages to close below these levels then the index can drift to the levels of 10400  to 10350 where long term moving averages levels are lying. Resistance for the index lies in the zone of 10700 to 10800. If the index manages to close above these levels then the index can move to the levels of 10850 to 10900.

Broad range for the week is seen from 10350 on downside & 10750 on upside.

TECHNICALLY SPEAKING.

MARKET SUMMARY OF 9 NOV 2018

FOR LIVE MARKET CALLS FILL UP THE FORM GIVEN HERE>>>>>

The benchmark indices ended slightly lower on Friday led by a fall in information technology (IT) and metal stocks.
The S&P BSE Sensex ended at 35,159, down 79 points, while the broader Nifty50 index settled at 10,585, down 13 points.Among the sectoral indices, the Nifty IT index fell 0.8 per cent weighed by Infosys and Tata Consultancy Services (TCS). The Nifty Metal index slipped 0.9 per cent due to a decline in NMDC. On the other hand, the Nifty Pharma index settled 1.4 per cent higher led by a rise in Sun Pharma.In stock-specific action, Bharti Airtel fell 2.9 per cent to Rs 297 on the BSE after Moody's Investors Service placed it's rating on review for downgrade, following low levels of profitability and expectation of weak cash flow. The stock had fallen as much as 5.21 per cent to Rs 290 on the BSE in intra-day trade.
 The rupee traded on a firm note during the day, rising to 72.58 per dollar, up from its previous close of 73 against the greenback.The benchmark indices settled over 2 per cent lower on Thursday following a weak rupee which sunk to a fresh low in the intraday trade.The rupee slipped to a fresh record low 73.81 per dollar in intraday trade on Thursday, after settling at a record low of 73.34 on Wednesday.The S&P BSE Sensex ended at 35,169, down 806 points while the broader Nifty50 index settled at 10,599, down 259 points.Among major stocks, ICICI Bank settled over 4 per cent to Rs 316. It had risen over 5 per cent to Rs 321.25 in intraday trade on the National Stock Exchange (NSE) after the bank's CEO Chanda Kochhar resigned with immediate effect. ICICI Bank has named Sandeep Bakhshi as MD and CEO for five years with effect from October 3.Shares of oil marketing companies fell by up to 13 per cent on Thursday on the BSE after Finance Minister Arun Jaitley announced that these companies will absorb excise duty by Re 1 on petrol and diesel. HPCL, BPCL and IOC tanked up to 13 per cent following the announcement.Among sectoral indices, the Nifty IT index ended nearly  3 per cent lower weighed by Infibeam Avenues, Tata Consultancy Services and Infosys. The Nifty FMCG index, too, slipped nearly 3 per cent weighed by Hindustan Unilever and ITC.In the broader markets, both S&P BSE MidCap and S&P BSE SmallCap indices settled around 2 per cent lower.

TOP GAINERS: YESBANK, HINDPETRO, ASIANPAINT

MAJORLOOSERS: INFY, DRREDDY, HINDALCO

NEXT WEEK NIFTY PREDICTION & CHARTS 5 NOV TO 9 NOV 2018

TO GET OPTION CALL PUT TIPS WHATSAPP UR NAME & SEGMENT ON 9039542248 
WEEKLY RESISTANCE FOR NIFTY:10500,10600,10700

 PIVOT POINT: 10400

WEEKLY SUPPORT FOR NIFTY :  10300,10200,10100

WEEKLY CHART FOR NIFTY

 DAILY RESISTANCE FOR NIFTY: 10450,10550,10650

PIVOT POINT:10400

DAILY SUPPORT FOR NIFTY :  10350,10250,10150

DAILY CHART FOR NIFTY

Happy Diwali week!   The index continues to enjoy its Bull Run despite some in between hiccups.  The benchmarks clocked their best weekly rally in two years after stocks extended gains globally as the boost to sentiment came after Bloomberg News reported U.S. President Donald Trump is interested in reaching an agreement on trade with Chinese President Xi Jinping at the Group of 20 nations summit in Argentina this month and has asked key officials to begin drafting potential terms. For the week Sensex surged 4.98 percent and the Nifty 50 Index rose 5.2 percent. Trading for the week began marginally higher as indicated by the Nifty. Subsequently, we saw immediate drop in initial five minutes of trade. However, post this there was sustained buying seen throughout the remaining part of the day. In fact, the momentum accelerated in the latter half to clock massive single day gains of over two percent. Eventually, the broad based rally resulted into reclaiming of 10200 with some authority.  Tuesday was clearly a day of disappointment for the momentum traders after seeing Monday’s massive intraday rally. During the first half, we did see couple of attempts to head higher but on both these occasions, index failed to carry the momentum as few heavyweights were experiencing strong selling pressure, which eventually aggravated in the latter half to pull the index once gain below the 10200 mark. Wednesday nifty opened higher after Tuesday’s minor correction or rather we should term it as a breather. Subsequently, we witnessed a nosedive in the initial hour mainly on the back of some news flow on the differences between the RBI and the Central government. Fortunately, the damage got restricted at the kissing distance from 10100 and to everyone’s surprise, there was complete turnaround in traders’ sentiments as we witnessed a vertical rally of nearly 300 points to conclude the session with whopping gains of 1.85%. Wednesday’s v-shaped recovery was followed by a gap opening with a decent margin on Thursday. However, similar to recent trend, this early morning lead turned out to be a formality as we witnessed good profit booking in most of the heavyweight constituents. During the day, index largely remained in a small range and all attempts to surpass 10400 were turned unsuccessful. Eventually, we had a flat opening tad below this crucial junction. On Friday nifty rebounded strongly along with rupee after crude fell for fifth day in a row amid strong global cues. Nifty climbed 1.66% or 173 points to 10,553 & closed the week on bullish note.

NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 2 NOV 2018

The markets started the month on a lackluster note, despite easing of concerns about the central bank's autonomy and strong global cues. The Nifty opened positive and consolidated for most part of Thursday’s session. The markets swung between gains and losses amid cautious trade as losses in IT stocks offset gains in banking, metal and infrastructure shares. At the day's highest point, the Sensex traded with a gain of 237 points to cross the 34650 mark but gave up most of those gains by afternoon. The Nifty climbed 55 points to touch an intraday high of 10441. At the close of market hours, the Sensex closed down 10 points at 34431, while the Nifty ended lower by 6 points at 10380.

NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 1 NOV 2018

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NIFTY TODAY

A volatile trading session has ended on positive note. On Wednesday nifty managed to recover more than 300 points from its intraday low of 10,100 and headed towards 10,400 mark. It surpassed the immediate hurdle of 10,280 and closed with a decent gain of 188 points. A strong surge in financials along with IT names was responsible for pushing the indices higher. Pharmaceuticals joined the bandwagon as well and a combination of all these factors boosted the market. 

NIFTY TOMORROW

NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 31 OCT 2018

NIFTY TODAY

In the past two months, Indian market wiped out gains it made in the year 2018. Benchmark indices, Sensex and Nifty, were down about nearly 17 percent from their respective highs. The markets traded low on Tuesday, ending the trading session in red below 10200 at the closing bell. At the close of market hours, the Sensex is down 176 points at 33891, while the Nifty is lower by 52 points at 10198.

NIFTY TOMORROW

NIFTY LEVELS & FREE NIFTY FUTURE TIPS FOR 30 OCT 2018

NIFTY TODAY

The benchmark indices settled over 2 per cent higher on Monday, as investors lauded a solid set of September-quarter earnings in large-cap companies such as ICICI Bank and Dr. Reddy’s Laboratories. In a strong rebound for market today, the Sensex and Nifty staged a smart recovery to rise over 2 percent each in afternoon trade. While the Sensex rose 718 points to 34067, the Nifty gained 220 points to 10250.

NIFTY TOMORROW