NIFTY OUTLOOK FOR WEEK (19-23 )DEC 2022

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 The headline equity index Nifty formed a bearish candle on Friday with a long upper shadow on the daily chart, indicating a sell-on-rise market mood. Now, as long as it remains below 18350, areas of weakness include 18081 and 18000, while obstacles include 18350 and 18442. The data on options point to a shift in the trading range from 18000 to 18600 zones and an immediate range from 18100 to 18500 zones. From 13.73 to 14.07, the fear gauge index India VIX saw a 2.48 percent increase. After a long time, the market reacted sharply on the negative side, causing volatility to rise from its lows. On intraday charts, chart readers noted a double top reversal formation and a lower top formation on the daily scale, pointing to further downside from the current levels. We anticipate that the 50-day SMA or the 18100-18000 levels will serve as support for the index during the following week. On the other hand, the index could test the 20-day SMA or 18550 above 18400, which could serve as immediate resistance. The index could reach 18700 in the event of additional upward movement. According to the weekly chart, the Nifty may fall to the next significant support of 18100-18000 levels in the upcoming week after falling below the crucial immediate support of 18500 levels. 18450-18500 levels represent immediate resistance. On a closing basis, the nifty has now slipped below the crucial swing low of 18350. The price structure should suggest that the development does not bode well for the bulls. A close below this support raises the possibility of a week-long correction. Despite our bias, we are still unconvinced by this close. In the upcoming sessions, only a follow-through selling strategy may result in further weakness toward 18130-18000-17900. Regardless of whether this situation works out, we don't anticipate that the revision should bother underneath the lower end of this help range. As long as we are able to maintain this, the higher degree up trend does not change.

NIFTY OUTLOOK FOR 26 JULY 2022

The Nifty50 fell for the first time in the last seven consecutive sessions on 25 July 2022 ,week begging Monday .Oscillators like relative strength index and Stochastic also showed a downward move, indicating that the sentiments may have turned negative ahead of the Fed meeting. All these aspects indicate that this can be a profit taking after a six-day run-up we saw till last Friday, and traders seem to be cautious ahead of the US Federal Reserve's July policy meeting. As far as it gets support at 16,520 levels and around the big gap area of 16,360-16,490 levels created in the previous week, the positive trend seems to be intact. The selling in auto, pharma, select banks, FMCG and financial services stocks pulled the market down. The broader markets were also under pressure, largely may be due to profit taking as the Nifty Midcap 100 index was down 0.09 %  and the Small cap 100 index declined 0.6 percent on weak market breadth. About three shares declined for every two shares rising on the NSE. The Nifty50 opened lower at 16,663 and remained in negative terrain throughout the session. It touched an intraday high of 16,706 and low of 16,564, before closing the day at 16,631, down 88  points.

 Resistance: 16600, 16650, 16700

Support: 16500, 16450, 16400 

NIFTY OUTLOOK FOR 26 FEB 2020

The Nifty opened higher as an attempt to rebound after 2 percent correction seen in the previous session, but turned volatile for the rest of the session and finally settled moderately lower on February 25. Traders remained concerned over the spread of the coronavirus in other parts of the world outside of China, including Italy, Iran, Kuwait, etc.The index closed a tad below 11,800 levels and formed a bearish candle on daily charts as closing was lower than opening levels. Stocks witnessed a lacklustre trade on Tuesday amid lack of any

NIFTY OUTLOOK & OPTION CALLS FOR 27 DEC 2019

Bears pulled the nifty below 12150 mark on expiry day of F&O Dec series. Consolidation extends on account of F&O expiry led volatility and concern over the fiscal math of the government due to possible delay in divestment's planned this fiscal. Global markets seem to be in comfort zone fulled by hopes of easing trade tension, while the domestic market is expected to wait for cues from Budget . The Nifty opened on flat note today however succumbed to the selling pressure in a gradual manner. On the way down the nifty breached to the near term support 12100 level.  Market ended lower for the third consecutive day on December 26 with Nifty finished below 12150. 

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WEEKLY RESISTANCE FOR NIFTY: 12100, 12200, 12300

 PIVOT POINT: 11900

WEEKLY SUPPORT FOR NIFTY:  11800, 11700, 11600

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 12000, 12050, 12100
PIVOT POINT: 11900
DAILY SUPPORT FOR NIFTY:  11800, 11750, 11700
DAILY CHART FOR NIFTY

The index has undergone a corrective move in three out of four trading sessions so far this week. Even the market breadth remained in favor of declining counters, which indicates profit booking in individual stocks. At this juncture, it is trading this week with a loss of around 0.31 percent. On the other hand, the Nifty Bank index too suffered some selling and is trading with a loss of 0.73% from its previous week’s close.  Monday morning, the global cues were excellent and were ideal to have a head start for the first week of December. In line with this, we had a gap up opening with a fair margin; but it was merely a formality to remain in sync with the Asian traders. Within a few seconds, the lead got disappeared and we were back below 12100. After this, the Nifty made one more attempt to inch higher but once again this short up move got sold into. During the remaining part of the day, market consolidated with no major movement and eventually ended the session with a negligible loss on Monday. Similar to Monday’s session, the early morning gap up opening was merely a formality as we saw index giving up all gains in few minutes of trade. In fact, the selling aggravated as the day progressed and in the course of action, Nifty was at a kissing distance from 11950. At one point, things looks extremely bleak; but fortunately for us, patient buyers entered on declines which helped index recoup some portion of its losses at the close. On Wednesday once again the escalated concerns over Sino-US trade war spooked the market participants across the globe. Fortunately for us, we did not react so negatively to this development as some of the global peers did. After seeing a marginal cut at the opening, the index picked up strong momentum in the upward direction in first 30 minutes of trade. In the process, Nifty managed to reclaim the 12000 mark. However, the selling recurred at higher levels; resulting into a nosedive below 11950 at the midst. By the grace of god, traders / investors were given yet another opportunity to smile as we witnessed not only a v-shaped recovery but also a convincing break above morning high to end the session by adding over four tenths of a percent to the bulls’ kitty On Wednesday, we had a strong last hour surge in our market, which probably was the reflection of hopes built for yet another rate cut by RBI. In line with this, the market was trading with a positive bias ahead of the monetary policy; but ‘Status Quo’ from RBI clearly disappointed market participants and as a result, the Nifty gave up all gains and slipped into a negative territory. The most sensitive index, Bank Nifty tumbled from morning highs and remained under pressure thereafter. Eventually, the day ended with some cuts on indices as well as the broader market.

NIFTY OUTLOOK OF 18 NOV 2019

Monday turned out to be a listless day for the benchmark indices; however, broader market witnessed some buying. The Nifty which flirted with 12000 levels earlier in the month of November soon got hit by selling pressure at higher levels as mixed global cues, and muted macro numbers weighed on investor sentiment. After giving a Golden Crossover on daily
charts on 8 November, Nifty started consolidating in a narrow range.But, technical experts feel that the trend favors consolidation in the near term, but bulls should be able to push the index towards record highs in the next few weeks. The pause is healthy and investors who missed the rally could now get into the markets on every dip.

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Resistance: 11950, 12000, 12150

Support: 11900, 11850, 11800

NEXT WEEK NIFTY PREDICTION & CHARTS 19 NOV TO 22 NOV 2018

WEEKLY RESISTANCE FOR NIFTY: 10700, 10800, 10900

 PIVOT POINT: 10600

WEEKLY SUPPORT FOR NIFTY:  10500, 10400, 10300

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10700,10750,10800
PIVOT POINT: 10600

DAILY SUPPORT FOR NIFTY:  10550, 10500, 10450

DAILY CHART FOR NIFTY

If ends well mean all is well. Continuing its rising streak for the second day, domestic stock markets ended Friday's session on a positive note. The Nifty rose 65 points to settle at 10682. The indices were boosted by a surge in top financial and energy stocks amid continued foreign fund inflows and strengthening rupee.  After Diwali, our markets kick started proceedings for the week on a subdued note. On Monday The overall bias during the initial hour was slightly on the positive side. However, unexpectedly, markets started to feel strong selling pressure at higher level and as a result; index nosedived throughout the second half to eventually close tad below the 10500 mark. On Monday’s disappointing session was followed by a yet another sluggish start on Tuesday, owing to some uncertainty across the globe. Index remained under bit of pressure in the first half; but the second half turned out to be complete opposite of what we saw on Monday. The Nifty took a U-turn from lower levels and then due to sustained buying throughout, eventually managed to regain Monday’s damage to close at the highest point of the day. Wednesday had a gap up opening mainly on the back of overnight extended fall in Crude Oil. However, markets stuck at higher levels and after some consolidation, our markets shaved off all early morning gains. Eventually, Nifty went on to close convincingly below the 10600 mark. On Thursday markets opened flat in the midst of mixed global cues. Subsequently, index consolidated during the first half; but some momentum was seen during the latter half. Index made several attempts to surpass its recent ceiling of 10650. However, once again unable to do so and eventually closed tad above 10600.

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WEEKLY RESISTANCE FOR NIFTY:10300,10400,10500

 PIVOT POINT: 10000

WEEKLY SUPPORT FOR NIFTY :  9900,9800,9700

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10100,10200,10300

PIVOT POINT:10050

DAILY SUPPORT FOR NIFTY :  10000,9800,9700

DAILY CHART FOR NIFTY

We started-off the week on a positive note and rallied towards 10600 mark, but this up move was short lived as once again massive selling emerged to bring index towards 10000. In index futures, mixed positions were formed last week. At the same time, put writer of 9800 strikes also lightered some of their positions. Stronger hands continued selling in index futures along with longs in index puts.  First half in the week gone by was very much on expected lines as we saw continuation of previous week’s relief move towards the 10500 mark. This move was aided by some of the macro factors like Crude oil cooling off from higher levels and respite in domestic currency after recent relentless weakness.  Monday, we had a good bump up at the opening owing to strong positive cues from the Asian bourses, especially the Hong Kong market. However, this again turned out to be formality as there was immense selling pressure seen right from the word go. Subsequently, index consolidated for some time in a range before sliding below the 10300 in the last hour of the trade. On Monday  nifty ended at 10252. On Tuesday market opening formality as always was influenced by the global peers and they were literally sinking early in the morning. As a result, we had a gap down opening which was followed by some immediate recovery towards Monday’s low. However, once again a strong selling pressure at higher levels dragged the index lower to breach recent swing low of 10138. Fortunately, at the end, the damage was not as big as it looked; courtesy to some tail end recovery in the broader market. On Tuesday nifty ended at 10146. Wednesday, once again we had a good bump up at the opening, courtesy to smart recovery in US markets on Tuesday. However, similar to last two occasions, markets corrected after seeing 100 points gap. In fact, immediately post the midsession, the selling aggravated and in the process, we hastened towards previous day’s low. Fortunately, this time the close was not as it was on previous two occasions. In last hour of the trade, we witnessed a good broad based recovery in the market to reclaim the 10200 mark on a closing basis yesterday too; the gap down opening was mainly on the back of sharp overnight sell off seen in the US markets. Wednesday nifty closed at 10290. Thursday the market remained under pressure throughout the session but recovered a bit at the end of October F&O expiry day. The Nifty closed October series 99 points lower at 10124 points. The Nifty Bank index closed Thursday’s trade 0.98% lower. Friday markets extended falls on to hit nearly seven-month low. The Sensex closed 340 points lower at 33349, while the Nifty shed 94 points to settle at 10030.

NIFTY OUTLOOK FOR 25 OCT EXPIRY DAY

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NIFTY TODAY

A highly volatile trading day has ended on positive note. Disappointed by the Q2 results of index heavyweights led by lower margins, market lost the early gains. But in the latter part, these losses were recovered due to sharp fall in oil prices and short covering ahead the F&O expiry. Additionally, a recovery in the rupee and drop in yields are expected to improve the liquidity situation supported by RBI's open market operations. Markets started Wednesday's session on a strong note, before giving up most of the day's gains in late morning deals. The Sensex bounced back 444 points to take out the 34000 mark. The sensex touched 34291 at the day's highest point. The Nifty advanced 143 points to touch an intraday high of 10290.

NIFTY TOMORROW

NIFTY LEVEL & FREE NIFTY FUTURE OPTION FOR 19 SEP 2018

 Market skewed in the favor of bears..!!! Bears tightened their grip on Dalal Street. The markets traded low on Wednesday, ending the trading session in red at the closing bell. The market extended its fall for a fifth straight session Tuesday, making it the longest losing spree in over three months as concerns persist on multiple fronts in the form of rising crude prices, tumbling rupee and ongoing global trade tiff.The  Sensex closed lower by 294 points, at 37290, while the Nifty 98 points, to close at 11278.

NIFTY TRADING TIPS 02-08-18

NIFTY contd forward march in morning trading session and touched the record high of 11390

But there was sudden downfall in noon session where in we saw nifty trading at the levels of 11341 and finally settled at 11350.Tomorrow again the bulls will take the charge and we may see nifty struggling to cross the resistance level of 11400.but if it manages to do so the next hurdle of bulls will be 11450

The domestic stock market indices closed Wednesday's session on a negative note after Reserve Bank of India (RBI) raised interest rates for the second straight meeting today. The S&P BSE Sensex slipped 84.96 points, or 0.23 per cent, to close at 37,521.62. The NSE's Nifty50 index tripped 10.30 points or 0.09 per cent and settled at 11,346.20. The loss in equity indices were pulled down by financial and auto stocks.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 24 JUL 2018

The expiry week has started on positive note. Record breaking run of bulls was continued in the today’s session also, market finally saw some consolidation after modi government defeated a no-confidence vote in the Parliament on Friday. Nifty future has opened at 11022 made a high of 11109 & low of 11008 & finally closed at 11095 up by 70 points. Investor sentiment got a boost after the GST Council on Saturday cut rates on over 100 items, including footwear, refrigerator, washing machine and small screen TV, exempting the widely demanded sanitary napkins from the levy. The revised tax rates will come into effect from July 27.

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Bulls run continued in Tuesday’s trade . The nifty future has crossed the hurdle of 10900 & made a high of 10959 & finally closed at 10948 up by 88 points. concerns over a looming trade war that has dominated headlines for the past one month seem to have eased for the time being and is completely priced in. Globally, investors have shifted their focus from trade tensions to June earnings. Hopes of a major earnings recovery in the second half of FY19 are driving the market rally.
MARKET OUTLOOK FOR 11 JULY  2018

NIFTY PREDICTION & FREE FUTURE OPTION TIPS FOR 6 JULY 2018

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A rangebound trading session has ended on flat note as investors looked for direction while the imminent imposition of US tariffs on China kept them on tenterhooks.. Nifty future has opened at 10759 made a high of 10791 and low of 10731 & finally closed at 10760 down by 11 points.

NIFTY WEEKLY PREDICTION & CHART FOR 25 JUNE TO 29 JUNE 18

WEEKLY RESISTANCE FOR NIFTY:10900,10950, 11000

 PIVOT POINT: 10725

WEEKLY SUPPORT FOR NIFTY :  10630,10600,10525

DAILY RESISTANCE FOR NIFTY: 10875,10930,10970

PIVOT POINT:10700

DAILY SUPPORT FOR NIFTY :  10675,10650,10625

A see–saw week for nifty has ended on a positive note. Nifty closes the week on a positive note though fails to add any gain on weekly basis. It was a week of consolidation as Nifty was well within a range that has been in place for a second consecutive week. Despite the gains from heavyweights like Financials, Pharma, and Pvt. banks along with some muted gains from Energy space it was the laggards that capped the upside given the fact that they continue to post gains on the back of sector rotation. The nifty has opened the week at 10830 made a high of 10837 and low of 10701 and finally closed the week at 10821 up by 4 points. Nifty is well supported at lower levels of 10650-10700. We have seen the base building before at crucial level of 10400 which was being sustained for almost a week to pull up for next rally. We have previously recommended creating long above 10800 and reiterate the same since recent consolidation will pave the way for bulls towards the higher target of 10950 - 11000.

NIFTY FOR THE NEXT WEEK

As we step into the coming week, we will also face expiry of the current derivative series. All eyes are on the OPEC meet as we await the decision though some key developments may have been priced in the markets since Iran has been reluctant to participate in easing supply while it also pointed to unanimity in OPEC meet which is bearish sentiment for crude. Trade war fears have been there and may continue to make a space in the sentiments of markets. That being said, Markets have now adjusted to developments of Trade war and it is now not seen as a risk on market but basically on sectors that are directly affected by it. Metals is something which is affected very much by it and should be avoided for short term. Speaking on broad terms, with the Nifty forming a lower top after 11,100 levels at 10900 , we still rule below this area. There is all likelihood of volatility refusing to go away and we will see the markets trading in a bit wider range with good amount of volatility ingrained in the sessions to come. The resistance points for the coming week are expected to come in at 10895 and 10950. Supports are expected to come in at 10650 and 10575 zone.

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 15 JUN 2018

It was tough day for bulls. Bulls could not continue the good start as nifty  dropped till the level of 10770 but at the end bulls again came in to the picture and managed to selltle above 10800 support level. Nifty future has started the day at 10823 made a high of 10834 and low of 10770 & finally closed the day at 10813. The US Federal Reserve on expected lines raised rates by 25 bps but hinted at 2 rate hikes in 2018 which led to some nervousness in the market.

NIFTY OUTLOOK & FREE NIFTY FUTURE TIPS FOR 14 JUN 2018

Bulls got nervous at higher levels as nifty future ended Wednesday session at 10849 with minor gains of 10 points. Nifty formed a new swing high at 10873 level, but market breadth for the day was slightly negative. Sensex and Nifty rose for the third straight day just ahead of the US Fed policy outcome today. Expectation are like that a rate hike this time around is almost a done deal. The markets had risen earlier in the day due to a solid monthly industrial growth data released on Tuesday, which had boosted market sentiment. The country’s industrial output rose by 4.9 per cent in April, up from the 4.4 per cent growth seen in March due to a turnaround in capital goods production as well as an uptick in overall manufacturing growth. The Sensex climbed 47 points, , to finish at 35739.

NIFTY WEEKLY PREDICTION & CHART FOR 11 JUNE TO 15 JUNE 18

WEEKLY RESISTANCE FOR NIFTY: 10850,10875,10900

 PIVOT POINT: 10650

WEEKLY SUPPORT FOR NIFTY :  10600,10525,10475

WEEKLY CHART FOR NIFTY

DAILY RESISTANCE FOR NIFTY: 10775,10800,10825

PIVOT POINT:10700

DAILY SUPPORT FOR NIFTY :  10725,10700,10675

DAILY CHART FOR NIFTY

Tug of war between bulls and bears from day one. Bears were heavy on 1st two days i.e. Monday & Tuesday but finally bulls snatched the rope in their hand and managed to touch level 10814 but bears did not diminished from the race and again showed some strength to pull back nifty till the level 10725 on Friday. After a 2-day spell since Reserve Bank of India's (RBI) rate hike which saw the Sensex rise more than 500 points, equity markets on Friday opened in the red as investors opted for profit booking ahead of the weekend. This week nifty future has started at 10732 made a high of 10814 and low of 10552 and finally closed at 10738 down by 76 points.
As predicted by us in our previous weekly report nifty has successfully passed the critical zone 10750 & made a high 10814 & closed at 10748.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 8 JUN 2018

Bulls run continued on Thursday’s trade & took the nifty above the resistance level 10800 & finally closed at 10765. Nifty future has started the day at 10725 and made a high of 10814 total 89 points nifty future has moved in intraday while the Sensex gained a little over 400 points. Bank Nifty too rose 150 points to 26517 level. A day after the Reserve Bank hiked rates, the markets continued to rally on the relief that an important event was now in the rear view mirror. In the policy, RBI allowed banks to spread Mark to Market losses in investments in available for sale & held for trading portfolio for June quarter equally over four quarters. This will give relief to the banks which suffered heavy MTM losses due to recent spike in bond yields. Also, RBI mentioned that credit off take is satisfactory. The rate hike will help improving banks NIMs for future credit off take. This has led to positive sentiment in market. The rate hike is a negative but markets are recovering due to short-covering, since people sold off their positions at higher levels prior to the RBI meet and are now covering their positions at lower prices.

NIFTY OUTLOOK & FREE NIFTY TIPS FOR 7 JUNE 2018

Bulls are back on the driver seat & took nifty to 10700 mark. The Sensex and Nifty gained nearly 1% today after the Reserve Bank of India’s monetary policy decision has decided to increase key interest rates by 25 basis points to 6.25%. All the six members of RBI’s monetary policy meeting have voted in favour of a rate hike, while maintaining a neutral stance. Meanwhile in global markets, stocks in Europe and Asia were mixed as tech-inspired rally in global stocks is waning. The Sensex closed higher by 275 points, to 35178, while the Nifty rose 91 points to close at 10684.