NIFTY OUTLOOK & FREE OPTION TIPS FOR 19 MARCH 2019

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Nifty continued to trend higher. The Bulls kept the momentum going for market as it pushed the index above 11500 in trade on Monday but profit booking at higher levels pulled the index lower towards 11400 but before the closing bulls managed to close nifty above 11450. FII inflows and firm global cues supported the market.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 12 MARCH 19

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Bulls tighten their grip on the dalal street & took the nifty near 11200 mark. This is part of an election rally and FII (foreign institutional investor) data has been positive. The Nifty opened on Monday and headed towards its 26-week high of 11180 zone. Indian markets jumped sharply today, led by gains in auto, metal, energy and pharma stocks. The Sensex closed 382 points higher at 37054, its highest close since September 2018, while Nifty jumped 1.2% to 11171.

NEXT WEEK NIFTY PREDICTION & CHARTS 11 MARCH TO 15 MARCH 19

WEEKLY RESISTANCE FOR NIFTY: 11100, 11200, 11300

 PIVOT POINT: 11000

WEEKLY SUPPORT FOR NIFTY:  10900, 10800, 10700

WEEKLY CHART FOR NIFTY 

DAILY RESISTANCE FOR NIFTY: 11100, 11150, 11200

PIVOT POINT: 11035

DAILY SUPPORT FOR NIFTY:  11000, 10950, 10900

DAILY CHART FOR NIFTY 

Nifty clocked its longest stretch of weekly gains since November. Reversing a steady start to the week, the market went down on Friday but finally closed marginally higher. The Sensex ended 1.68% higher this week at 36671 and the Nifty ended above 11000 at 11035 after gaining 1.58 %this week.  After an extended weekend, our markets opened flat on Tuesday despite SGX Nifty suggesting a gap down opening. During the initial trade, Nifty dipped a bit; but after this what we witnessed is ‘Once in a Blue Moon’ kind of scenario. This early morning decline was bought into and then we had a good one way up move throughout the session to conclude at the highest point of the day by adding over a percent to the bulls’ kitty. Tuesday’s strong move was followed by a gap up opening on Wednesday as indicated by the Nifty. Subsequently, index consolidated for the remaining part of the day by maintaining its positive posture throughout the day. Eventually, index ended the session above the 11000 mark by adding over half a percent gains. Thursday had a gap up opening by a small margin yesterday in the absence of any major trigger on the global as well as well domestic front. Index then slipped into a consolidation mode for the major part of the day. Last couple of hours saw some momentum; but there was no clear direction seen as we were approaching the expiration of weekly options contract in Nifty and Bank Nifty. Eventually, Nifty ended the session with negligible gains by successfully defending the 11050 mark.  Friday market closed off its lows amid range bound session due to lack of cues.

NIFTY: A STRONG SUPPORT WILL BE @ 10900; STRONG RESISTANCE LEVEL SEEN @11200

NIFTY PREDICTION & FREE NIFTY TIPS FOR 08 MARCH 19

Thursday’s bullish trading session has ended on positive note. In the morning market opened on positive note but turned choppy as traders rushed to book profit in recent gainers. Meanwhile, the rupee's gains against the US dollar boosted sentiments. The Sensex ended 89 points higher at 36725 while Nifty settled marginally higher at 11058. 

Volatility is expected to increase in coming sessions as the country is heading towards the general election. Still there is lot of uncertainty regarding the trade deal between the US and China. Hence traders are advised to hedge their positions given the uncertainty and volatility due to domestic and global factors. Nifty has reached closer to the immediate and crucial hurdle of 11200, and a decisive breakout will trigger fresh surge ahead. We suggest maintaining positive yet cautious approach in the nifty, considering the mixed sentiment.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 07 MARCH 19

Bulls continued to rule on The D street. Benchmark indices ended higher on Wednesday with Nifty finished above 11050. Despite mixed global cues, bourses opened in the green and kept their momentum throughout the day. The Sensex was up 193 points at 36636, while Nifty was up 65 points at 11053. some consolidation at higher levels cannot be ruled out in the near term. Domestically, macro data like IIP, CPI & WPI inflation scheduled next week will dictate market trend in the coming sessions. Further, the extent of geopolitical risk between India and Pakistan will be closely monitored. Globally, the developments on US-China trade front, progress on Brexit and movement of crude oil prices and currency would be on market radar. Considering high volatility, traders should strictly hedge their positions.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 6 MARCH 19

Bulls are back on the track & headed toward the 11000 zone. It formed a bullish candle on daily scale by surpassing the immediate hurdle at 10888 and 10929 levels and saw the highest daily close in 17 sessions. Market extended gains, as optimism in pre-election rally after ease in geopolitical tensions supported investor sentiment. The Sensex was up 378 points at 36442, while Nifty was up 124 points at 10987. 

NEXT WEEK NIFTY PREDICTION & CHARTS 5 MARCH TO 8 MARCH 19

WEEKLY RESISTANCE FOR NIFTY: 10850, 10950, 11050

 PIVOT POINT: 10750

WEEKLY SUPPORT FOR NIFTY:  10700, 10600, 10500

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10850, 10925, 11000

PIVOT POINT: 10800

DAILY SUPPORT FOR NIFTY:  10750, 10700, 10650

DAILY CHART FOR NIFTY 

Trading for the week began marginally higher, owing to cheerful mood across the globe. Subsequently, we saw mild profit booking in the initial hour, but post this, index resumed its upwards trajectory and in fact, the momentum accelerated in the latter half to hasten towards the 10900 mark. Eventually, index concluded the Monday’s session 20 point short of the important junction by adding eight tenths of a percent to the bulls’ kitty. Tuesday had a gap down opening with a fair margin on the back of some early morning geopolitical concerns. In fact, this weakness extended in the initial hours to sneak below the 10750 mark. Fortunately, this decline eventually got bought into and we had a smart recovery post the initial correction to eventually conclude the volatile day by losing four tenths of a percent.  Wednesday’s session started with a decent gap up opening around the previous session high and these gains were extended in the first hour to mark intraday high of 10939. Everything looked 'Hunky Dory' during the first few hours; however, further development on geopolitical front spooked the sentiment; leading into a sharp decline to post a low of 10751. Eventually index managed to reclaim the 10800 mark, courtesy to modest recovery in latter half. Thursday ambiguity continues in the market on the back of geopolitical concerns on both domestic as well as global front. We had a gap up opening; but it was merely a formality. Index immediately gave up this early morning lead and then slipped into a consolidation mode. Last couple of hours of trade saw some volatile swings, which has more to do with the derivative expiry. Eventually, Nifty closed with a nominal loss tad below the 10800 mark.  Friday markets remained firm in late trade, with Sensex up around 200 points while Nifty was above 10,850. 

NIFTY: A STRONG SUPPORT WILL BE @ 10750; STRONG RESISTANCE LEVEL SEEN @11000

NIFTY PREDICTION & FREE NIFTY TIPS FOR 1 MARCH 19

CALL GIVEN IN THE LAST POST

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On Feb series expiry day market ended on negative note as tensions over India-Pakistan kept investors on edge.. The benchmark indices once again shed all their intra-day gains to close in the red on Thursday. The Sensex finished at 35867, down 37 points lower, while the Nifty closed at 10792, down 14 points lower. During February, Nifty took resistance around 11000 level and saw profit booking at higher level which took Nifty to 10600 level.