24 February 2017

NIFTY WEEKLY REPORT FOR 27 FEB TO 03 MAR 2017

WEEKLY RESISTANCE FOR NIFTY: 8938, 8981, 9012, 8942
PIVOT POINT: 8895
WEEKLY SUPPORT FOR NIFTY :  8865,8834,8791,8748
WEEKLY CHAT FOR NIFTY





















DAILY RESISTANCE FOR NIFTY: 8960, 8972, 8989,8905
PIVOT POINT: 8948
DAILY SUPPORT FOR NIFTY :  8932, 8915, 8903,8891
DAILY CHART FOR NIFTY
Sensex opened the week at 28481, made a high of 29065, low of 28419 and closed the week at 28892. Thus it closed the week with a gain of 424 points. At the same time the Nifty opened the week at 8818, made a high of 8982, low of 8809 and closed the week at 8939. Thus the Nifty closed the week with a gain of 118 points.Indian equity, forex, money will remain closed today to observe Mahashivratri. The market on Thursday settled flat after a smart rally thanks to gains in IT and telecom stocks on the expiry of February derivative contracts.The Sensex crossed its crucial psychological of 29,000 in intraday trade, while the Nifty also went above its 52-week high for the first time since September 2016.
RELIANCE JOINS THE BULL PARTY.

22 February 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 23 FEB 2017

The Sensex rose on Wednesday as Reliance Industries climbed to a near 8-year high after investors welcomed plans by its telecom unit to start charging customers for services. Nifty closed at 8926 levels, up by 19 points; while Sensex closed at 28864 levels, up by 103 points. Investors were however expected to remain cautious ahead of the release of minutes from a policy meeting by the Reserve Bank of India earlier this month when it held interest rates steady, unexpectedly shifting its policy stance to “neutral” from “accommodative”. The overall sentiment in the market remains positive and we can expect to see the indexes touching new highs soon.

21 February 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 22 FEB 2017

Nifty hits 8900 for the first time since September 9, 2016. Nifty managed to settle marginally higher in a volatile session today. The first half was dull but rebound in select banking majors in latter half fueled the momentum. Amid all, participants were busy in rollover and unwinding their derivatives positions. The Sensex closed higher on Tuesday, while IT stocks extended gains following a share buyback plan by Tata Consultancy Services Ltd. Sentiment was broadly cautious with Asian shares largely flat after a holiday in the US markets on Monday. The Sensex closed higher by 100 points to 28762, while the Nifty rose 29 points to 8908.

20 February 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 21 FEB 2017

The Sensex surged over 126 points and Nifty reclaimed the 8800-level in early trade today as domestic investors and foreign funds indulged in sustained buying ahead of key industrial output numbers to be released later in the day.  Besides, better-than-expected earnings by some more companies also fuelled the positive sentiment.  Lacklustre quarterly readings of a few Nifty companies kept sentiment depressed. On top of it, rush to take profit at the fag end of trading washed off much of the initial gains. The Nifty, which rescaled the 8800 mark and touched a high of 8822 intra-day, finished at 8793, up 15 points.

17 February 2017

NIFTY WEEKLY PREDICTION FOR 20 FEB TO 23 FEB 2017

 WEEKLY RESISTANCE FOR NIFTY: 8786, 8846, 8876, 8905
PIVOT POINT: 8757
WEEKLY SUPPORT FOR NIFTY :  8727,8697,8667,8608
WEEKLY CHAT FOR NIFTY



















DAILY RESISTANCE FOR NIFTY: 8849, 8865, 8885,8904
PIVOT POINT: 8832
DAILY SUPPORT FOR NIFTY :  8790, 8777, 8760,8724
DAILY CHART FOR NIFTY

Sensex opened the week at 28355, made a high of 22575, low of 28122 and closed the week at 28440. Thus it closed the week with a gain of 115 points. At the same time the Nifty opened the week at 8836, made a high of 8872, low of 8727and closed the week at 8826.Thus it closed the week with a gain of 22points.Indices settled the day higher, gaining for the fourth straight week driven by financials even after RBI put HDFC Bank back in the FII ban list.The Central Bank said the private bank has crossed overall limit of 74% of its paid-up capital and no further purchases of shares the bank would be allowed via exchanges for FIIs. It had allowed foreign investors to resume buying in the private bank earlier.

16 February 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 17 FEB 2017

Market Sensex surged by 146 points today to close at 28301, snapping a two-session losing run as IT stocks led the recovery after TCS said its board will consider share buyback next week. The Nifty rose 53 points to 8778.  The Sensex, after opening on a strong note at 28,223.85, succumbed to profit-booking and slipped into the negative terrain to hit the day's low of 28146 before bouncing back to close higher by 145 points at 28301. It touched an intra-day high of 28327. The gauge had lost 196 points in the last two days. The Nifty gained 53 points to 8778. Intra-day, it shuttled between 8783 and 8719.

15 February 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 FEB 2017

The Sensex extended its losses for the second straight day, falling over 69 points on Wednesday on sustained selling by investors amid disappointing corporate earnings. The Sensex fell further with auto, realty, healthcare and consumer durables stocks leading the fall. The gauge had lost 12 points in the previous session.  The Sensex closed lower by 184 points to 28156, while the Nifty 50 fell 68 point to 8725. Despite positive cues from Asian and European markets, Indian stocks trade lower today, with investors continuing to press sales, amid concerns about near term economic outlook and on some disappointing quarterly results.

14 February 2017

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 FEB 2017

Market ended flat with a negative bias on Tuesday, mirroring weak Asian markets and mixed cues from Europe, as investors awaited Fed chief Janet Yellen's testimony before Congressional committees today and tomorrow. The Sensex finished down 12 points at 28339, dragged down by auto stocks. The Sensex touched a high of 28386 points and a low of 28263 points during the intra-day trade. The broader Nifty index fell by 12 points to 8792.