NIFTY OUTLOOK & FREE NIFTY TIPS FOR 16 SEP 2016

The Indian equity market spent the entire day in a narrow range after the recent slide and ended marginally higher for the second consecutive session. In a lackluster trade, the Sensex on Thursday gained 40 points, while the broader Nifty settled the day just a tad below its key 8750 level. Investors remained cautious on Thursday ahead of the policy meetings of the Bank of Japan and US Federal Reserve. Bank of Japan and the Fed policy review will be held on 20-21 September.The Sensex ended with a gain of 41 points at 28413. The Sensex opened at 28398 touched an intra-day high of 28444 and low of 28311.The NSE Nifty closed with a gain of 23 points at 8749. The NSE Nifty opened at 8744 hitting a high of 8752 and low of 8704.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 15 SEP 2016

The Indian equity market fluctuated between gains and losses and closed higher on Wednesday. Market continues to trade in a narrow range with Sensex and nifty swinging between negative and positive zone. The Nifty started the session on a negative note, opening at 8711 levels. Following an initial decline, the nifty recorded an intra-day low at 8689 and began to recover.  The Sensex ended with a gain of 19 points at 28372. The Sensex opened at 28345 touched an intra-day high of 28416 and low of 28259. The NSE Nifty closed with a gain of 11 points at 8727. The Nifty opened at 8711 hitting a high of 8740 and low of 8689.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 14 SEP 2016

Ø  The Sensex and Nifty witnessed its biggest one day loss in percentage terms since June 24. The Bank Nifty fell most since April 5, 2016.

Ø  Finally, the  Sensex ended with a loss of 444 points at 28,354. The Sensex opened at 28,481 and touched an intra-day high of 28,481.11 and low of 28,251.

Ø  The  Nifty closed with a loss of 151 points at 8,716. The Nifty opened at 8,733 hitting a high of 8,747 and low of 8,699.

Ø  As we have predicted in weekly report ,Nifty closed on a bear note at 8880 .So tomorrow on upside first intra resistance is at 8892-8897 level. Next resistance are at 8919,8924,8960.

Ø  On downside first support is at 8841-36 level.Next support are at 8815-8810,8771-8766,8725-8700

Ø  The RSI—Relative Strength Index on the daily chart is 62.5151 and it has once again moved below from a topping formation which is bearish. Beyond this, it remains neutral without showing any bullish or bearish divergence or any failure swings. The daily MACD stays bullish as it continues to trade above its signal line. 

Ø  The Nifty continued its upward momentum and made its fresh 52-week high last week as it moved towards 8950, which is the highest level achieved since March 2015. However, the highest Call base at the 9000 strike has acted as intermediate hurdle.

Ø  The volatility remained under pressure and failed to exhibit any major recovery. It continued to hover around 13 levels throughout the week. No signs of weakness in the broader market were seen through a rise in volatility index.

Ø  On the daily charts, Sensex has formed a Bearish Engulfing whereas Nifty has formed a black body candle but fails to form a bearish pattern. 

Ø  Nifty Level of 8700 remains important support on declines for coming week…

Ø  Technically, Indian Stock Market would see a sharp correction for now and we can even see Nifty breaching 8700 levels. For now, Market looks to enter into negative zone, so traders can go short for now. The downfall would be step but would not last long. So traders should consider booking profits at lower levels. Overall market is positive for mid-term but negative for very short term. Traders can go short as of now and book profits at lower levels whereas investors can consider this downfall as opportunity to go long in pieces. Nifty Closed below 8800 it will a worry for Indian Stock Market. 

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 14 SEP 2016

Week has started on bearish node. Bears took the charge on dalal street. Sensex was down 444 while nifty running near 8700 level. Equity benchmarks posted their biggest one-day loss in percentage terms since June 24, tracking global weakness on fears that Federal Reserve may be considering rate hike soon. The market breadth remained in favor of declines. The Sensex ended with a loss of 444 points at 28354. The Sensex opened at 28481 touched an intra-day high of 28481 and low of 28251. The Nifty closed with a loss of 151 points at 8716. The Nifty opened at 8733 hitting a high of 8747 and low of 8699.

NIFTY WEEKLY REPORT FOR 12 SEP TO 16 SEP 2016

WEEKLY RESISTANCE FOR NIFTY: 8988, 9022, 9042, 9116

PIVOT POINT: 8954

WEEKLY SUPPORT FOR NIFTY :  8914,8880,8846,8792

WEEKLY CHAT FOR NIFTY

 DAILY RESISTANCE FOR NIFTY: 8927, 8939, 8958,8976

PIVOT POINT: 8915

DAILY SUPPORT FOR NIFTY :  8878, 8866, 8854, 8823

DAILY CHART FOR NIFTY

Sensex opened the week at 28631, made a high of 29077, low of 28631 and closed the week at 28797. Thus it closed the week with a gain of 265 points. At the same time the Nifty opened the week at 8852, made a high of 8968, low of 8848 and closed the week at 8866. Thus the Nifty closed the week with a gain of 57 points.

TREND REMAINS UP

After achieving the targets of Measuring Gap and Flag pattern, both Sensex and Nifty have gone into consolidation mode. For the indices to move up further, a consolidation is always welcome, as it fuels the rally to achieve higher levels. One should not mistake this short term correction as a reversal of trend. Since the trend remains up, one should use such dips in the market to create long positions in strong stocks.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 9 SEP 2016

YESTERDAY’S BANKNIFTY WAS MADE A LOW 20421.90 CONTINUE TO HOLD FOR GIVEN TGT OF 20400

The Indian equity market opened in red on Thursday. Despite Nifty IT ending in red and Bank Nifty remaining flat, Nifty today closed higher at 8952. The Sensex closed at 29000 for the first time since April 2005. The stock market were trading marginally higher in a subdued trade as better-than-expected Chinese trade data boosted shares such as Tata Steel while software exporter TCS tanked to a 6-month low after it said US financial sector clients were holding back on discretionary spending. The Sensex ended with a gain of 119 points at 29045. The Sensex opened at 28929 touched an intra-day high of 29077 and low of 28855. The Nifty closed with a gain of 35 points at 8952. The Nifty opened at 8916 hitting a high of 8960 and low of 8896.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 SEP 2016

“SELL BANKNIFTY BELOW 20500 TGT 20400/20300 SL 20600”

Today, Sensex ended with a loss of 52 points at 28926. The Sensex opened at 29036 touched an intra-day high of 29068 and low of 28911.The Nifty closed with a loss of 25 points at 8918. The Nifty opened at 8969 hitting a high of 8969 and low of 8913. Now Technically, Indian Stock Market is in positive trend and traders should go long at every dip in the market. Traders can hold long positions in market for now, Nifty may see some immediate resistance at 8890-9000 levels .overall market sentiments would remain positive. Every correction would be an opportunity for traders to go long in the market. Now market is near 9000 levels and traders should be bit cautious at this level. We may see some consolidation or correction before further positive movement and once Nifty breaches levels of 9000, we would see levels for 9100 in a Niffy and would see new lifetime highs. But some correction is very much possible around 9000 levels.

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Supports: 8700 and 8650

Resistances: 8850 and 8900

NIFTY WEEKLY REPORT FOR 06 SEP TO 09 SEP 2016

WEEKLY RESISTANCE FOR NIFTY: 8835, 8921, 8978, 9034

PIVOT POINT: 8749

WEEKLY SUPPORT FOR NIFTY :  8693,8550,8464,8322

WEEKLY CHAT FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 8844, 8861, 8871,8906

PIVOT POINT: 8827

DAILY SUPPORT FOR NIFTY :  8818, 8808, 8791, 8774

DAILY CHART FOR NIFTY

DAILY RESISTANCE FOR BANKNIFTY: 19997, 20045, 20069,20166

PIVOT POINT: 19950

DAILY SUPPORT FOR BANKNIFTY : 19901, 19853, 19806, 19734

DAILY CHART FOR BANKNIFTYSensex opened the week at 27827, made a high of 28581, low of 27698 and closed the week at 28532. Thus it closed the week with a gain of 750 points. At the same time the Nifty opened the week at 8583, made a high of 8824, low of 8543 and closed the week at 8809. Thus the Nifty closed the week with a gain of 237 points. The Indian equity market closed the week on a positive note as indices erased initial losses on Friday and closed higher.

Ø LIFE-HIGHS CAN BE TESTED.

After a consolidation of more than six weeks, Market finally managed a bullish breakout of the narrow Trading Range of 250 Nifty points i.e. between 8728-8476. As a result Nifty will move higher to test the Measuring Gap target of 8833 and Flag pattern target of 8869. On the lower side of the Trading Range lies the Bullish Gap between Nifty 8479-8475. This has supported the Nifty six times before staging an upward breakout. Hence as long as this Bullish Gap holds, one can expect not only Measuring Gap target and Flag pattern target but also expect a shot at life time high levels for the indices.