NIFTY WEEKLY PREDICTION & CHARTS 8 APRIL TO 12 APRIL 2019

WEEKLY RESISTANCE FOR NIFTY: 11750, 11850, 11950

 PIVOT POINT: 11500

WEEKLY SUPPORT FOR NIFTY:  11400, 11300, 11200

WEEKLY CHART FOR NIFTY 

DAILY RESISTANCE FOR NIFTY: 11650, 11700, 11800

PIVOT POINT: 11550

DAILY SUPPORT FOR NIFTY:  11500, 11400, 11300

DAILY CHART FOR NIFTY 

Nifty kept its head above water all throughout Friday as traders bet on another interest rate cut by the RBI amid hopes of a trade deal between the US and China. Once again our markets witnessed a gap up opening however it was just a formality as within the first few minutes itself nfity gave up all the opening gains. Subsequently, nifty managed to hold on to the previous session low and after a tiring session within a range witnessed one more round of up move during the fag end to eventually close with gains of 0.38% at 11713. Wednesday had a gap up opening in our market, owing to strong positive cues from the global peers. In the initial half an hour of the trade, our benchmark Nifty clocked a fresh record high by a slender margin. In fact, it was not even by a single point and did not last too long as well. This was followed by some consolidation before index taking a nosedive in the penultimate hour not only to wipe off all gains but also to close in the negative territory by losing six tenths of a percent to the previous close. Wednesday’s weak session was followed by a flat start in our markets on Thursday, which was very much in line with sluggish global cues. However, right from the initial trade, market looked nervous and hence, we saw index sliding below 11600 at the cusp of the mid session. We witnessed some recovery post the RBI monetary policy. But it was clearly a short lived bounce back as the outcome of RBI cutting the repo rate by 25 bps was already been discounted in the prices. Eventually, the penultimate day of the trading week ended tad below 11600 by trimming another four tenths of a percent.

BANKNIFTY TRADE IDEA FOR CREDIT POLICY 4 APRIL 2019

The RBI’s money policy & Skymet’s prediction of below normal monsoon due to developing El Nino took the market down. On the time of closing the Sensex was down 179 points at 38877, while Nifty closed down 69 points at 11644. The Sensex and Nifty touched record high in the early trade today. The Nifty surged as much as 48 points to an all-time high of 11761 and Sensex climbed as much as 197 points to 39253.  RBI’s strong intent on supporting economic growth under governer Shaktikanta Das, with inflation under control, is evident. It will therefore come as no surprise if the Central Bank chose to cut Repo once again by 25 basis points. But I believe that the RBI should focus only on addressing the liquidity situation in the economy, wherein the real problem lies.

NIFTY OUTLOOK & FREE OPTION TIPS FOR 3 APRIL 2019

BANKNIFTY 30000 PUT ACHIVED 1^ST TGT 140 BUY GIVEN @ 111

LT 1420 CALL CONTINUE TO HOLD

"BUY NIITTECH  1400 CALL ABOVE 24 TGT 29/33"

Market ended higher for fourth consecutive day on April 2 with Nifty finished above 11700 level. The Sensex and Nifty were trading higher in afternoon trade today buoyed by positive movement in global markets on strong growth in China factory activity for the first time in four months in March. The Sensex closed 184 points higher at 39056, Nifty rose 44 points to 11713 level.

NIFTY OUTLOOK & FREE OPTION TIPS FOR 2 APRIL 2019

BUY LT 1420 CALL @ 40 TGT 60/80

BUY BANKNIFTY  30000 PUT 4 APRIL @ 111 TGT 140/195

Accelerating April!!!! It was a fantastic start of the new financial year 2020. Nifty showcased an enthusiastic performance on 1^st day of April month. After enjoying a fantastic rally and taking, the market ended at highest levels for the calendar year. The Sensex touched a record high of 39115 during the day & closed at 38837, while Nifty also closed above 11650 level at 11655.

The nifty is all set to head towards its lifetime high of 11900 and take an aim at 12000 in this pre-election rally. We continue with our optimistic stance and sooner or later, expect the index to head towards its record high. For the coming session, 11800 followed by 11850 has become a sturdy wall now and on the flipside we do not expect the Nifty to breach and sustain below the sacrosanct level of 11500.

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Resistance: 11850, 11900, 12000

Support: 11500, 11400, 11300

NIFTY WEEKLY PREDICTION & CHARTS 1 APRIL TO 5 APRIL 2019

WEEKLY RESISTANCE FOR NIFTY: 11750, 11850, 11950

 PIVOT POINT: 11500

WEEKLY SUPPORT FOR NIFTY:  11400, 11300, 11200

WEEKLY CHART FOR NIFTY 

DAILY RESISTANCE FOR NIFTY: 11650, 11700, 11800
PIVOT POINT: 11500

DAILY SUPPORT FOR NIFTY:  11450, 11400, 11350

DAILY CHART FOR NIFTY 

Nifty did extremely well this week and it continues to enjoy its recent Bull Run. Although, it has come off a bit from the high, a race to reach the magical figure of 12000 is very much on.

The week started with a bang on Monday as we saw a gap up opening first which was then followed by a massive intraday rally; setting the tone for the rest of the week. Following days did not disappoint at all, in fact there was strong optimism seen throughout to post massive intra-week rally. With this, Nifty managed to clock biggest weekly gains in last four months. The major charioteer for this mesmerizing rally was none other than the heavyweight banking index. What a stellar move we witnessed throughout the week to register fresh highs in the process. Eventually both indices saw some mild profit booking towards the fag end of the week and it was very much evident also after seeing such relentless rally.

NIFTY OUTLOOK & FREE OPTION TIPS FOR 29 MARCH 2019

Volatility continued on the march F&O expiry day 28 march 2019. Nifty closed with a gain of 778 points and it was the highest expiry-to-expiry gains since January 2015 series. Bulls took the charge on D- street took nifty above 11550 on the March expiry day. The Sensex was up 412 points at 38545, while Nifty is up 136 points at 11581.

NIFTY OUTLOOK & FREE OPTION TIPS FOR 28 MARCH 2019

Bulls & bears were on roller-coaster ride today.  It is weak closing for the nifty on Wednesday after erased all its morning gains in the later part of the day. The Sensex was down 100 points at 38132, while Nifty was down 38 points at 11445. Index came even as the market latched on to Prime Minister Narendra Modi's address to the nation.
We continue with our optimistic stance and sooner or later, expect the index to head towards its record high. For the coming session, 11550 followed by 11650 has become a sturdy wall now and on the flipside, we do not expect the Nifty to breach and sustain below the sacrosanct level of 11400.

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Resistance: 11550, 11600, 11650

Support: 11400, 11350, 11300

NIFTY OUTLOOK & FREE OPTION TIPS FOR 27 MARCH 2019

Reversing a steady start to the week, the market went down on Monday but finally on Tuesday bulls shown some strength & closed marginally higher above 11500 mark. The Nifty managed to hold the 11350 level, filled the downward gap of the previous session and witnessed strong momentum towards the 11500 mark. It formed a bullish candle after witnessing a decline in last three sessions, which indicated that the bulls are back on track to drive the market to fresh six-month highs.