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 20th Apr, 2018.

The index is still trading very choppy & narrow. Prices are finding intraday support at 10495 & resistance at 10600. Nifty remained in a narrow range for the entire session. It finally negated its higher highs formation after 14 consecutive trading session. Now, till it slips below 10480 then only some weakness could be seen

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 indicated that the bulls are holding the momentum.  As long as the index holds above 10,480 , it can

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 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 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 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 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. Nifty finding multiple hurdles near 10440, while a hold below 10340 could start a

Market Outlook of 14th Mar, 2018.

Nifty facing resistance at 10500 levels, intermediate trend remains down Nifty index continued the formation of higher highs and higher lows, but had a roller-coaster ride. Market lost all the gains on the second half, which indicates that the bears are active at higher levels to push the index. Nifty managed to cross previous week’s

Market Outlook of 6th Mar, 2018.

Trend remains down; relief rally may be possible The nifty opened lower with a large gap down. The gap continued through the day, with the index closing lower at 10359, down almost 100 points. Yesterday decline brought the nifty to a low of 10324, very close the lowest level of 19 Feb 2018 (10276). It’s

Market Outlook of 5th Mar, 2018.

Market facing resistance in the 10630 zone; Short term outlook for the market remains negative After a good 8% correction seen from highs, the Nifty has started showing resilience near 10300-10400. With the decline in volatility near these levels, it seems the index may try to form a short-term base near these levels and may

Market Outlook of 26th Feb, 2018.

Narrow trading range in Nifty leads to upside breakout: current rally is treated as pull back rally One should refrain from initiating any index trades as clarity will emerge only if 10300 is breached on the down side or 10700 on the upside. Till then let’s look at stock specific action. As we move towards

Market Outlook of 23rd Feb, 2018.

Volatility reduces, nifty remain in the consolidation phase Nifty stuck in the narrow trading range in 100 points in between 10320-10420. If nifty manages to hold 10450 then it would go to 10600 to 10620. New expiry month starts and data shows max. PUT OI at 10000 and 10200, while max. CALL OI at 11000

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 between 10350 to 10426. It recovered smartly from the lows, but falls is still intact for

Trading Updates of 16th Jan, 2018.

Intraday decline in Nifty : Bank nifty force indices to close lower; IT shines with a gain of 3.65%; Nifty opened – 10760.40 with a gap up of 21 Points. Intraday Low – 10690.10 Intraday High – 10760.40              Closed – 10701.50                 

Trading Updates of 11th Jan, 2018.

Four days of narrow range in Nifty : getting ready for big move in next few days ; direction should be up; Nifty View : Nifty opened – 10638.00  Intraday low – 10610.30        Intraday high – 10665.30           Closed – 10650.20           Gain – 19 Points. 

Trading Updates of 10th Jan, 2018.

Market trading narrow and choppy after vast gains : Last three days of price action inside just 71 points ; Suggests a big move is ahead; Nifty View : Nifty opened – 104650.00 with a gap up of 14 Points.  Intraday Closed – 10630.20                       

BSE Sensex of 9th Jan, 2018.

Choppy trading in Nifty : The Index continues making new lifetime highs for the third consecutuive day; Realty shines today whereas media drags; Nifty opened – 10646.20 with a gap up of 20 Points. Intraday Low – 10604.50 Intraday High – 10670.20              Closed – 10636           

Trading Updates of 2nd Jan, 2018.

Wait patiently for market to move beyond range; Nifty View : Nifty opened – 10477.55 with a gap up of 42 Points. Intraday Low – 10404.65   Intraday High – 10495.20              Closed – 10442.20              Gains contributed by METAL & AUTO Within Nifty 50 :

Nifty And Bank Nifty Market Views of 21st Dec, 2017.

Nifty closes flat amid volatility :  Nifty fails to cross 10500; A large trading range remains intact; Nifty View : Nifty opened – 10473.95 with a gap up of 29 Points. Intraday low – 10426.90 Intraday High – 10443.55           Closed – 10440.30             Loss – 3 Points