NIFTY PREDICTION & FREE NIFTY TIPS FOR 08 MAR 2018

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Nifty will open the doors for testing the level of 10100 at (200dma).

The Sensex has opened at 33279 made a high of 33331 and low of 32991 and closed at 33033 ,loss204 points. The nifty future has opened at 10200 made a high of 10254 and low of 10155 and closed at 10177 with loss71points.Nifty and sensex posted losses for the sixth straight session on Wednesday as global stocks markers declined and PNB fraud investigation widened. 

The primary reason for the current bearish scenario is weak global markets, accompanied by the turmoil being faced in our public sector banks. The inherent weakness in the Banking sector is being reflected in the weak Bank Nifty.Indian markets edged lower on Tuesday to extend losses for the fifth straight session, with banking stocks coming under heavy selling pressure once again. Today, the start of the session is likely to be slightly in green. However, it failed to sustain at higher levels, as the Nifty index slipped from an intra-day high of 10,254 to end the session sharply lower at 10,180 levels, down 1.13%.On a daily chart, the Nifty closed Below its 20 &55days moving average which is placed at 10530 level which shows negative momentum in the niftyand it did drag lower below 10300 levels. Moreover, The daily indicator MACD is trending in negative direction with a negative crossover which sends a signal of negativity.Technically, the markets have closed at the lowest point since almost 3 months, as weakness pulled the markets lower last week to end the fourth consecutive week in range 10450-10500. At the same time, larger degree chart like monthly chart advocates the end of the uptrend in near term with the formation of a bearish engulfing pattern. the lower range of last eighteen sessions around 10300 stands broken and this in a way can push for next leg of downside towards the 10000 in next few months. Intermediate the 200 DMA @ 10100 would act as a SUPPORT.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 06 MAR 2018

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The Sensex ended lower by 300 points or 0.88 per cent at 33,746 and the Nifty closed down by 99.5 points or 0.95 per cent at 10,358.85 due to fears over global trade war amid political uncertainty in Italy.Nifty and sensex closed lower for the fourth straight session on Monday following losses in Asia equities amid worries about impact of US President Donald Trump’s proposed import tariffs on steel and aluminium. 

For the coming week, we are keeping a close eye on the10400 mark as we now can see an ‘Upward sloping Trend Line’ converging around this point. Above 10400 some recovery can be seen in nifty towards 10440-10490. A sustainable breach below this crucial support would result into a sharp correction towards 10300 followed by 10250/10110. With a near term view, we continue to remain cautious on the market but ideally we would be convinced to go short only after seeing few days of more such time-correction or a relief rally to retest the higher range of 10640.NIFTY ended holiday truncated week on a flat to negative note. As per the daily chart, NIFTY continued prior daily down-trend and formed an Inverted Hammer Pattern right after an indecisive one (i.e. Doji). Our negative view will remain intact on NIFTY, as major key technical indicators have given a negative cross-over and also, current daily as well as weekly set-up seems bearish. In case of further decline, its prior swing low (placed at around 10,275 level) will continue to work as a strong support for the index. 

NIFTY WEEKLY REPORT FOR 05–09 MAR 2018

WEEKLY RESISTANCE FOR NIFTY: 10486,10531,10561,10652

PIVOT POINT: 10470

WEEKLY SUPPORT FOR NIFTY :  10410,10379,10333,10288

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10616,10714,10887,10973

PIVOT POINT:10541

DAILY SUPPORT FOR NIFTY :  10443,10406,10368,10195

DAILY CHART FOR  NIFTY 

Sensex opened the week at 34141, made a high of 34278, low of 34015 and closed the week at 33046. Thus the Sensex closed the week with a loss of 96 points. At the same time, the Nifty opened the week at 10400, made a high of 10639 low of 10386 and closed the week at 10442. Thus the Nifty closed the week with a loss of 52 points. On Thursday The Sensex was trading down by nearly 130 points as subdued global market sentiment offset better-than-expected GDP data. The Sensex was trading down 127 points or 0.37 per cent at 34,056.and the nifty down 35  points or 0.34 per cent at 10,456.

NIFTY PREDICTION & FREE NIFTY TIPS FOR 01 march 2018

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NIFTY is on a SIDEWAYS course, as top end of the band @ 10630, pushes NIFTY on back-foot

The downside rally could test all the way through 10450-10300 levels in the upcoming weeks

On Tuesday, Matching global cues index opened gap up but could not hold the gainsas PSU banks were under selling pressure which overall took away the positive sentiment and Nifty was trading around crucial levels of 10640 which it could not sustain.The Sensex has opened at 34155 made a high of 34302 and low of 34076 and closed at 34184 , loss 162 points. The nifty future has opened at 10495 made a high of 10555 and low of 10466 and closed at 10519 with loss 44pointsThe Sensex ended lower by 162.35 points or 0.47 per cent at 34,184.04 and the Nifty closed down by 61.45 points or 0.58 per cent at 10,492.Domestic sentiment was hit as fears of faster interest rate hikes in the United States hurt investor risk appetite. Traders also remained wary ahead of IIP data for February and December quarter GDP numbers to be published later today.Later the index slipped to sub-10,540 mark and finally after a narrow range oscillation, finished trade with the loss of 28 points at 10,554 level.On a daily chart, the Nifty closed below its 22&55 days moving average which is placed at 10557 level which shows negative momentum in the Index.Today, the start of the session is likely to be on negative side on weak global cues and traders will be eyeing the dataprint for the December quarter GDP and fiscal deficit data that will be announced later in the day. Asian and European markets exhibited mixed trend ahead of Federal Reserve Chairman Jerome Powell’s highly anticipated first congressional testimony later in the day.A break on the lower side 10460 of the trading range will open the doors for testing of 200dma(10090).

For the coming session, 10600 – 10640 would continue to act as immediate resistance; whereas, 10460 - 10380 remains to be an important support zone. However, in case of further decline, its 200-day moving averages (placed at around 10,090 level) will continue to work as key reversal point.Nifty continues to move in a range (10400-10640). This can be termed as a Consolidation with a bearish bias. A narrow range seems like a precursor of a bigger move which is likely to follow. A break on the upper side of the range will lead the Nifty to test 10670-10700; whereas a bearish  breakout to the trading range will lead the Nifty towards the Flag target of 10400/10290.

Resistance: 10600, 10640, 10670, 10700

Support: 10500, 10470, 10400,10290

NIFTY PREDICTION FOR 28 FEB 2018

BULLS WERE UNABLE TO BREAK THE RESISTANCE 10650 TODAY.

We may see nifty trading above 10650 tomorrow

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Bulls tight end grip on Dalal St reet ; Nifty reclaims 10,550 mark

Benchmark indices closed lower on Tuesday, snapping a two-day winning streak, dragged by bank stocks. The Nifty PSU Bank index declined 3.5% following Punjab National Bank’s disclosure that the amount of fraudulent transactions could be as much as Rs12,700 crore.The Sensex has opened at 34558 made a high of 34610 and low of 34314 and closed at 34346 ,loss25 points. The nifty future has opened at 10616.15 made a high of 10639.70 and low of 10540.55 and closed at 10564 with loss99 points.Today, the start is likely to be on positive side as investors keep an eye on the GDP data for December quarter due on Wednesday.GDP probably rose 7% in three months to December year-on-year, according to a Bloomberg survey, versus 6.3% in the previous quarter. 

NIFTY PREDICTION & FREE NIFTY TIPS FOR 27 FEB 2018

          BUY RCOM 35 CALL @ 1 TGT 1.5/2.2 SL .4 

NIFTY IS EXPECTED TO FOLLOW UPWARD MARCH IF IT CROSSES THE HURDLE OF 10650
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NIFTY follow the Key Resistance @ 10640AND Support @ 10505

Sensex closing over 300 points higher and NSE’s Nifty 50 closing at 10,582,gains for a second straight session on Monday, shares were boosted by gains in auto and realty stocks, offsetting losses in IT and Tech. The gains come after stock markets fell on worries over the fallout from a $1.8 billion fraud at Punjab National Bank. Nifty is now trying to move up from this low but seems to lack strength. Nifty needs to decisively move beyond 10630-10640 levels to strengthen the bullish momentum and take nifty higher to 10670 and 10730 levels. A strong support is at 10505. If nifty break below this level, nifty would befall to 10460 or even 10400.

NIFTY WEEKLY REPORT FOR 26 FEB–02 MAR 2018

WEEKLY RESISTANCE FOR NIFTY: 10487,10593,10696,10798

PIVOT POINT: 10388

WEEKLY SUPPORT FOR NIFTY :  10335,10282,10183,10181

 

DAILY RESISTANCE FOR NIFTY: 10510,10551,10597,10662

PIVOT POINT:10468

DAILY SUPPORT FOR NIFTY :  10445,10422,10381,10275

DAILY CHART FOR NIFTY

Sensex opened the week at 33832, made a high of 34167, low of 33832 and closed the week at 33142. Thus the Sensex closed the week with a gain of 868 points. At the same time, the Nifty opened the week at 10480, made a high of 10504 low of 10316 and closed the week at 10494. Thus the Nifty closed the week with a gain of 11 points. Benchmark indices ended higher by over 1 per cent, tracking gains in global equities, as investors bought the shares of recent underperformers such as pharma and financials.

NIFTY CAN FALL UPTO 10200 LEVELS

BUY NIFTY 10400 CALL @ 25 TGT 39/54

 SELL TATAMOTORS FUTURE BELOW 364 TGT 361.7/358.5 SL 367.4

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NIFTY follow the Key Resistance @ 10430-10500 AND Support @ 10330,10090; intermediate bounce back possible if sustains above 10430

Snapping its three-day losing streak, the Sensex ended higher by over 140 points on value-buying by domestic investors in IT, banking, FMCG and oil and gas stocks amid a firm trend in Asian bourses.The Sensex has opened at 33813 made a high of 33911 and low of 33702 and closed at 33844 , up 141 points. The nifty future has opened at 10405 made a high of 10409 and low of 10341.4 and closed at 10390 with up 50 points.On Tuesday, NIFTY witnessed decent rebound post a flat opening, but later failed to surpass the intraday resistance of 10,430 level during the day, where a narrow range consolidation failed to save index from extending losses. Finally, NIFTY closed the session near its day’s low of 10,390marks, with cut of 50 points.