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market outlook of today

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…

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…

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…

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…

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…

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-…

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…

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…

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…

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…

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…

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…

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…

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…

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.…

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…

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…

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…

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…

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…

Market Outlook of 18th Apr, 2018.

Nifty will take resistance at 10630. 600 Points rally to hold. Intermediate term is still bearish.  Nifty index opened positive and managed to hold above 10,480. From last 12 consecutive sessions, higher highs formation is made, which…

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…

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…

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…

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…

Market Outlook of 20th Mar, 2018.

Correction widely deepens and may find the support at 10000 levels Nifty index continued its weakness and corrected around 100 points. Market is forming lower highs – lower lows from last 3 trading sessions. First index it breaks and…

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…

Market Outlook of 16th Mar, 2018.

Market choppy and inside range; support at 10340 with resistance at 10440. Nifty formed an inside bar, as it traded inside the trading range of the last session. It failed to surpass previous day’s high of 10420 and corrected towards 10346.…

Market Outlook of 15th Mar, 2018.

Choppy market and narrow ranges, market likely to consolidate between the band 10300 to 10530 Nifty Market continues to move in narrow range with high volatility & no conviction in a consistent move. Major support for the day is seen at…

Market Outlook of 7th Mar, 2018.

Nifty continues with its down move; Last hour sell off drags index lowest closing since mid December. Yesterday the nifty took its losing streak to the 5th consecutive session, breaking its decisive 10300-630 range to confirm a downtrend.…

Market Outlook of 1st March,18.

Nifty likely to consolidate further and going ready to go higher above 10650  The Indian economy grew at 7.2 percent in October-December 2017, and will likely expand 6.6 percent in 2017-18, latest official estimates said on Wednesday, amid…

Market Outlook of 22nd Feb, 2018.

Expiry day, Volatility persists, index down around 6% down on expiry to expiry basis Nifty index witnesses sustained selling pressure in all the four weeks of this series and corrected from 11171 to 10276 zones. Nifty index traded in…