Market outlook of 30th May, 2018.

Rally stands and faces resistance near 10700-10720; index closed lower, led by bank and financial, a trading range is visible in Nifty i.e. 10400-10700. Nifty index failed to hold above 10700 marks and wiped out its entire gains of the previous session. The price setup suggests range bound move with limited upside. It has support

Market Outlook of 29th May, 2018.

Rally extended for the third day; trading near its resistance at 10700; all sectoral indices closed higher except Nifty IT. Nifty index opened with a gap up and extended its gains towards the 10710. It formed a bullish candle on the daily scale and made higher highs – higher lows for 3rd consecutive session. As

Market Outlook Of 28th May, 2018.

Nifty extended rally for the second consecutive session, closed above 10600; trading inside its resistance zone 10600-10700. It was another volatile week for the Nifty 50 index, as it declined to an intra-week low of 10417 before bouncing back to close on a marginal positive note. The index has added just 8.75 points last week.

Market Outlook of 24th May, 2018.

Big decline in Nifty brings index near 10400 supports; today may have been an exhaustion day with panic selling. Nifty index failed to cross the previous day’s high and corrected towards 10420. It is making lower highs-lower lows for last 6 sessions. Now, if it sustains below 10500 then weakness could drag it towards 10350-10333

Market Outlook of 23rd May, 2018.

Sixth day lucky after five days of falling, nifty finally closely higher intermediate trend remains down; rally may face resistance around 10600. Nifty index traded in a range of 50-60 points throughout session and closed near its 50 day EMA. However, it continued to form lower highs – lower lows for last 5 sessions and

Market Outlook of 22nd May, 2018.

The index slipped for a 5th consecutive session in a row. Nifty open positive but failed to gather momentum and close marginally above its crucial support. The Nifty index continued its selling pressure and has been forming lower highs- lower lows for last 5 sessions. As long as it holds below 10550 weakness could extend

Market Outlook of 18th May, 2018.

Nifty extend losses for the second consecutive session, ended below 10700; Midcap outperformed today. Nifty index failed to cross above 10785 zones and witnesses selling pressure on last session. If it holds below 10725, then weakness could extend and take it towards next major support of 10600 zones while hurdles at 10785. India VIX fell

Market Outlook of 17th May, 2018.

Nifty ended below 10800 as uncertainty still ahead regarding the Karnataka elections; the index came back in a trading range 10700-10900. Nifty index opened gap down and remained volatile throughout session. Index negated the formation of higher lows of last 7 sessions and corrected towards 10700. Now it has to cross and hold above 10785

Market Outlook of 14th May, 2018.

Nifty closed higher above 10800; a trading range inside 10600-10800 of last 10 days has broken on upside; metal, NBFC and bank shines today. Nifty index opened gap up and witnesses sustain buying interest till the end of the session. It has given a decisive close above 10800 after consolidating between 10600 to 10785 in

Market Outlook of 11th May, 2018.

Nifty closed lower near 10700; a trading range inside 10600-10800 remained intact for last 9 trading days. Nifty index opened positive but failed to surpass 10785 and corrected towards 10700. It found supply near previous week’s high of 10784 marks. As long as it holds above 10680, it can extend its rally towards 10780 then

Market Outlook of 10th May, 2018.

Nifty ended on the positive note followed by IT and PVT Banks; a trading range inside 10600-10800 remained intact; may see a breakout soon from this range. Nifty index opened flattish but managed to hold its immediate support of 10680-10690 zone and headed towards 10766. As long as it holds above 10680, it can extend its

Market Outlook of 9th May, 2018.

Nifty ended flat after opening with a gap up; intraday movement was very volatile; a trading range inside 10600-10800 remained intact from last 7 days; outperformance in Bank Nifty continued. Nifty index opened positive but follow up buying was missing at higher levels and it got stuck in a range of 40-50 points, It formed

Market Outlook of 8th May, 2018.

Nifty bounced back from 10600 support zones; closed higher by almost 1% but still trading below 10800 resistances. Nifty index opened positive and sustained buying was seen throughout the session. As long as it holds above 10680, it can extend rally towards 10780-10800 while below 10680 it could find support near to 10638 then 10600.

Market Outlook of 7th May, 2018.

Nifty continued its decline for the third day; all sectoral indices end in then red except Nifty Bank; 10800 act as a strong resistance. Nifty index opened flat and remained under pressure throughout the session. Nifty has been making lower highs – lower lows for last 2 sessions and till it holds below 10638, weakness

Market Outlook of 4th May, 2018.

  Nifty continued its decline; momentum is waning; 10800 acting as a strong resistance. Nifty index made an opening high at 10720 and remained under pressure with support in the 10638-10650 zones.  Nifty closed negative on the 2nd session. It broke out of the consolidation range between 10500 and 10638 last week and the previous

Market Outlook of 3rd May, 2018.

A gap up and then a sharp intraday decline; Nifty closed with minor losses ahead of Fed meeting outcome. Nifty index opened gap up but failed to hold the gains and corrected towards the 10690. Index closed negative and negated the formation of higher highs of last 3 sessions. Now, 10650-680 acts as a major

Market Outlook of 30th Apr, 2018.

Big breakout in Nifty pushes index towards 10700; Bank Nifty also come out from range and could also participate in rally; rupee weakness may help Pharma and IT stocks to outperform. Nifty index opened gap up and continued to witness buying interest, which lifted it towards 10719. It gives the consolidation breakout from its trading

Market Outlook of 27th Apr, 2018.

Nifty still trading range; index closes at the top edge of the range; a move above 10640 should signal more upside; bearish below 10510. Nifty index remained range bound for most part of the day and then witnesses buying in the last half an hour of the session to extend its move towards 10630. Index

Market Outlook of 26th Apr, 2018.

Still in a trading range – Nifty support around 10510 and resistance around 10640; last 7 days move inside a small 130 points range. Nifty index remained range bound for first half then witnessed selling pressure in the last one hour of the session towards intraday low of 10536. Nifty failed to surpass immediate hurdle

Market Outlook of 25th Apr, 2018.

Nifty closes higher above 10600; trading at resistance zones near 10620; narrow trading suggests big move is ahead. Nifty index managed to hold above 10565 and headed towards 10636. It witnesses buying interest on declines as supports are gradually shifting higher. As long as it holds above the 10550-10565 it has potential to move back

Market Outllook of 23rd Apr, 2018.

Nifty index remained in a broader range and witnessed recovery from 10520 zones to close on a flattish note. It formed a Doji candle with long lower shadow which indicates that decline is being bought as it got stuck in range ahead of the expiry week. Index has been making higher highs – higher lows

Market Outlook of 13th Apr, 2018.

Nifty index managed to hold above 10400 zones and headed towards 10470 levels. It formed a Bullish candle on the daily scale and has been making higher highs from last nine consecutive trading sessions. It managed to close above immediate hurdle of 10420 zones and a decisive hold above 10420 could extend its move towards 10480

Market Outllook of 11th Apr, 2018.

Nifty and Bank Nifty traded very choppy; metal shines today with a gain of 2%. Nifty index continued to form higher highs for the 7th session and headed towards the 10424. Now it has immediate hurdle at 10450 then 10480, while holding below 10380 could lead to some consolidation towards its next support at 10333.

Market Outlook of 10th Apr, 2018.

Nifty rally continues with Index coming close to first resistance of 10450 target; if breaks most likely it happens then 10600. Nifty index continued from higher highs for sixth consecutive session  and headed towards 10450. It closed above its 50 day Moving Average on the daily chart. Nifty short term is in the bullish mode

Market Outlook of 9th Apr, 2018.

Nifty, Bank Nifty traded very choppy and narrow. Nifty index opened flat and remained range bound for most part of the session. As long as it holds above 10276 it can extend its move towards 10440, while supports at 10222 then 10180. Options data suggests trading range between 10200 and 10450. Index VIX remained flat

Market Outlook of 6th Apr, 2018.

Easing concerns over the trade war between US and China; Pull back Nifty to closed up 197 Points, the most since 25 May, 2016; Nifty on track to 11450 target; World markets find support at previous lows. Nifty index opened gap up and witnessed sustained buying interest till the end of session. It gained 197 points and

Market Outlook of 3rd Apr, 2018.

Markets get cheerful start to financial year 2018-19; Nifty breaks above 10200. Nifty open positive and witnesses sustain buying interest throughout the day. It managed to hold above 10141and headed towards 10222. It traded above previous week’s close and if it continues to hold above 10222 to extend its move towards 10276 and then 10333

Market Outlook of 2nd April, 2018.

New Financial Year, New beginning of April Expiry suggest, 10000 hold on the cards and could be April for the Bulls and can rally towards 10300 and 10600. Nifty index opened negative by taking cues from weakness of global markets. After its consolidating index fell towards 10100. If it sustains above 10141 then it may

Market outlook of 28th Mar, 2018.

Nifty gains continues  as world markets join relief rally; April month likely to be much better , bullish and relief rally expected after 11% correction comes from high in March month. Nifty index opened gap up, tested the support at 10141 and recovered towards 10200. However it got stuck in a range during the second

Market Outlook of 26th Mar, 2018.

Global markets spook markets; Indices are expected to end the month in the red. Expecting trade wars concerns spooked the market, with indices across the globe skidding last week. Indices fell nearly 2% to a five month low. Both the Nifty and the Sensex are set to end the month in the red, for the

Market Outlook of 23rd Mar, 2018.

Narrow ranges, intraday volatility, failure to cross resistance – Nifty without direction, remains choppy. Nifty index opened positive, but failed to surpass previous day’s high of 10227 and slipped towards 10100. Nifty is hovering near to its 200 DMA, bur follow up buying is missing even after it recent swing support at 10050. Now, if

Market Outlook of 22nd Mar, 2018.

Nifty is trading very choppy and narrow; the index may find short term support around 10100. Nifty opened gap up and negated its formation of lower highs – lower lows of the lat 4 trading session. Index remained volatile and bears are putting pressure at higher levels, but at the same time bulls are not

Market Outlook of 19th Mar, 2018.

Choppy markets create confusion;all sectoral indices closed in red. Global cues continue to emit mixed response bringing the choppy week to end in a flat closing. Despite the best intentions to head higher the higher levels attracted supplies thus inducing large scale volatility. The steady pressure emerging at higher levels have thus lead to weakness

Market Outlook of 28th Feb,18.

Significant resistance around 10630-650 zone leads nifty to close lower The bounce back rally seems to be capped at crucial resistance level of 10630 which is also where the 50 DMA lies. Market would now witness a range of 10300-10650 levels for the coming days and a decisive move past any of these levels would

Market Outlook of 27th Feb,18.

Second day of rally brings Nifty close to 10630 resistance; rallied more than 200 points; large trading range is developing Nifty continues to bounce back from 10300 levels having its near term resistance at 10630, a decisive move past 10630 would bring in further momentum for target 10650-10680 levels. The support for the day is