Thursday, February 20, 2014

NIFTY FUTURE OUTLOOK 21 ST FEBRUARY 2014

Technical View:

Nifty future snaps its four consecutive sessions of gains on Thursday. After overnight losses in the
US dragged the indices to open with negative bias while sentiment in the Asian markets took a hit
after china manufacturing index fell more than expected hitting seven-month low. Nifty futures
closed at 6107 with a low of 6102 Nifty for next trading session would have the resistance of 6140
if it breaks this level than having the next resistance of 6170 and in down side having the support of
6100 if it breaks this level than having the next support of 6045.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
6043
6080
6094
6116
6130
6153
6189


Trading Strategy: 
BUY ON DIPS. 

Wednesday, February 19, 2014

NIFTY FUTURE OUTLOOK 20TH FEBRUARY 2014


Technical View:

Nifty future gains for the fourth consecutive session ended near day’s high on Wednesday. After
trading in a narrow trading range for whole day buying was seen in last hour of session which
allows the nifty to close above 6150 level. Nifty futures closed at 6159 with a high of 6167. Nifty for
next trading session would have the resistance of 6220 if it breaks this level than having the next
resistance of 6280 and in down side having the support of 6125 if it breaks this level than having
the next support of 6090.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
6075
6113
6136
6151
6174
6190
6228

Trading Strategy: 
BUY ON DIPS. 



Tuesday, February 18, 2014

NIFTY FUTURE OUTLOOK 19 TH FEBRUARY 2014

Technical View:

Nifty future after trading in limited range in the Feb finally given breakout for bull side and staged a
strong recovery on Tuesday. A day after the interim budget investors appeared enthused after the
finance minister had said that the economy is more stable than what it was two years ago. Nifty
futures closed at 6138 with a high of 6156. Nifty for next trading session would have the resistance
of 6160 if it breaks this level than having the next resistance of 6220 and in down side having the
support of 6090 if it breaks this level than having the next support of 6045.


Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
5976
6051
6095
6125
6169
6200
6275

Trading Strategy: 
SELL ON HIGH. 

Monday, February 17, 2014

NIFTY FUTURE OUTLOOK 18 TH FEBRUARY 2014


Technical View:

Nifty future ended with gains after vote on account was more of less a non event for stock markets.
Nifty remained in a narrow trading range while the interim budget was being read in the
parliament. Nifty futures closed at 6091 with a high of 6098. Nifty for next trading session would
have the resistance of 6115 if it breaks this level than having the next resistance of 6175 and in
down side having the support of 6045 if it breaks this level than having the next support of 5990.


Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
5970
6024
6057
6078
6111
6132
6186

Trading Strategy: 
SELL ON HIGH. 

Sunday, February 16, 2014

NIFTY FUTURE OUTLOOK 17 TH FEBRUARY 2014

Technical View:

Nifty future gained around 1 percent in a highly volatile session on Friday after WPI inflation eased
to an eight month low in January at 5.05 percent. Nifty futures closed at 6061 with a high of 6064.
Nifty for next trading session would have the resistance of 6075 if it breaks this level than having
the next resistance of 6125 and in down side having the support of 5990 if it breaks this level than
having the next support of 5955.

Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
5893
5965
6011
6038
6084
6110
6183

Trading Strategy: 
SELL ON HIGH. 

Thursday, February 13, 2014

NIFTY FUTURE OUTLOOK 14 TH FEBRUARY 2014

Technical View:

Nifty future fell more than 1 percent on Thursday breached the psychological level of 6000 mark
but managed to close above 6000.Sentiment was dampened after industrial production growth rate
remained in negative zone. Nifty futures closed at 6005 with a low of 5997. Nifty for next trading
session would have the resistance of 6060 if it breaks this level than having the next resistance of
6110 and in down side having the support of 5955 if it breaks this level than having the next
support of 5905.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
5813
5925
5965
6037
6077
6148
6260


Trading Strategy: 
SELL ON HIGH. 

NIFTY FUTURE OUTLOOK 13 TH FEBRUARY 2014

Technical View:

Nifty future ended with the smart gains on Wednesday after struggling for past seven trading
sessions finally pierced the 6100 mark but unable to sustain above the crucial level as investors
preferred to take some profit ahead of IIP and CPI data which released later in the day. Nifty futures
closed at 6099 with a high of 6126. Nifty for next trading session would have the resistance of 6135
if it breaks this level than having the next resistance of 6175 and in down side having the support of
6090 if it breaks this level than having the next support of 6055.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
6030
6067
6083
6104
6120
6142
6179

Trading Strategy: 
SELL ON HIGH

Monday, February 10, 2014

NIFTY FUTURE OUTLOOK 10TH FEBRUARY 2014

Technical View:

Nifty future closed with third consecutive day gains on Friday by closing above 6050 level amid
positive cues from overseas equity markets. Nifty futures closed at 6078 with a high of 6099. Nifty
for next trading session would have the resistance of 6115 if it breaks this level than having the
next resistance of 6175 and in down side having the support of 6035 if it breaks this level than
having the next support of 5975.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
5943
6006
6040
6070
6104
6133
6197


Trading Strategy: 
SELL ON HIGH. 

Monday, February 3, 2014

NIFTY FUTURE OUTLOOK 4 TH FEBRUARY 2014


Technical View: 

Nifty future fell around 1.5 percent on Monday as foreign investors continued to sell as part of a 
slump in emerging markets. As metals sector decline after china’s factory growth eased to an 
expected six- month low in January. Nifty futures closed at 6039 with a low of 6034. Nifty for next 
trading session would have the resistance of 6105 if it breaks this level than having the next 
resistance of 6135 and in down side having the support of 6025 if it breaks this level than having 
the next support of 5980. 

Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
5921
5990
6014
6058
6083
6127
6196

Trading Strategy: 
SELL ON HIGH. 

Sunday, February 2, 2014

NIFTY FUTURE OUTLOOK 3 RD FEBRUARY 2014

Technical View:

Nifty future Feb series started on a positive note snapping their five-day losing streak closing
almost near day’s high. Nifty futures closed at 6112 with a high of 6134. Nifty for next trading
session would have the resistance of 6160 if it breaks this level than having the next resistance of
6240 and in down side having the support of 6090 if it breaks this level than having the next
support of 6025.


Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
6022
6067
6089
6112
6134
6157
6201

Trading Strategy: 
SELL ON HIGH.

Thursday, January 30, 2014

NIFTY FUTURE OUTLOOK 31 ST JANUARY 2014

Technical View:

Nifty future fell for a fifth consecutive session on Thursday after a volatile F&O expiry. Nifty opened
with gap down after Fed chairman announced that the Fed will reduce its bond buying program to
US$65bn in Feb, down from US$75bn in Jan. Nifty futures closed at 6103 with a low of 6062. Nifty
for next trading session would have the resistance of 6195 if it breaks this level than having the
next resistance of 6240 and in down side having the support of 6060 if it breaks this level than
having the next support of 6035.


Pivot level: 
S3
S2
S1
PIVOT
R1
R2
R3
5951
6004
6036
6057
6089
6110
6163


Trading Strategy: 
SELL ON HIGH. 

NIFTY FUTURE OUTLOOK 30th JANUARY 2014


Technical View:

Nifty future fell for a fourth consecutive session on Wednesday to its lower close in two months
ahead of F&O expiry on thursday and conclusion of the United States Federal Reserve policy
meeting later in the day. Nifty futures closed at 6120 with a low of 6107. Nifty for next trading
session would have the resistance of 6175 if it breaks this level than having the next resistance of
6210 and in down side having the support of 6085 if it breaks this level than having the next
support of 6060.

Pivot level: 
S3
S2
S1
PIVOT
R1
R2
R3
5997
6066
6093
6134
6161
6202
6271



Trading Strategy: 
SELL ON HIGH. 

Tuesday, January 21, 2014

NIFTY FUTURE OUTLOOK 22 nd JANUARY 2014



Technical View:

Nifty future ended with minor gains on the expectation that central bank will keep monetary policy
unchanged next week. Nifty futures closed at 6329 with a high of 6342. Nifty for next trading
session would have the resistance of 6355 if it breaks this level than having the next resistance of
6410 and in down side having the support of 6305 if it breaks this level than having the next
support of 6240.

Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
6250
6287
6306
6324
6343
6361
6398

Trading Strategy: 
BUY ON DIPS. 

Monday, January 20, 2014

NIFTY FUTURE OUTLOOK 2 1 st JANUARY 2014



Technical View:

Nifty future started with the smart gains on Monday snapping two session of losing streak, as
software services exporters gained after Wipro posted solid earnings. Nifty futures closed at 6317
with a high of 6332. Nifty for next trading session would have the resistance of 6355 if it breaks this
level than having the next resistance of 6410 and in down side having the support of 6285 if it
breaks this level than having the next support of 6240.

Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
6132
6216
6268
6300
6352
6384
6468


Trading Strategy:
BUY ON DIPS.

Friday, January 17, 2014

NIFTY FUTURE OUTLOOK 20th JANUARY 2014



Technical View:

Nifty future fell nearly 1 percent on Friday after Tata Consultancy services slumped as its quarterly
profit adjusted for other income lagged expectation. Nifty futures closed at 6329 with a low of 6305.
Nifty for next trading session would have the resistance of 6310 if it breaks this level than having
the next resistance of 6355 and in down side having the support of 6230 if it breaks this level than
having the next support of 6150.


Pivot level:

S3 S2 S1 PIVOT R1 R2 R3
6099 6190 6226 6282 6317 6373 6465



Trading Strategy: 
BUY ON DIPS.

Thursday, January 16, 2014

NIFTY FUTURE OUTLOOK 17 th JANUARY 2014



Technical View:

Nifty future ended on a flate note after being stuck in a narrow trading session. Sentiment get boost
in mid afternoon trades after rating agency Moody’s said that rating downgrade was not on cards.
Nifty futures closed at 6329 with a low of 6305. Nifty for next trading session would have the
resistance of 6360 if it breaks this level than having the next resistance of 6410 and in down side
having the support of 6275 if it breaks this level than having the next support of 6230.

Pivot level:
S3
S2
S1
PIVOT
R1
R2
R3
6235
6281
6305
6328
6352
6375
6422

Trading Strategy: 
BUY ON DIPS.

NIFTY FUTURE OUTLOOK 16 th JANUARY 2014


Technical View:

Nifty future rose more than 1 percent to mark their highest close in five weeks after inflation eased
to a five month low of 6.16 percent in December. Nifty futures closed at 6331 with a high of 6336.
Nifty for next trading session would have the resistance of 6360 if it breaks this level than having
the next resistance of 6410 and in down side having the support of 6240 if it breaks this level than
having the next support of 6200.

Pivot level:



S3
S2
S1
PIVOT
R1
R2
R3
6174
6242
6287
6311
6355
6380
6448


Trading Strategy:
BUY ON DIPS.




Tuesday, January 14, 2014

TOP FIVE CORPORATE NEWS 14 JANUARY 2014

Cairn India buyback starts from January 23; stock up 1.5 percent
Cairn India is trading higher by 1.5% at Rs 329.80 after the company said that its proposed share buyback offer will commenced from 23 January 2014. The stock opened at Rs 325.65 and touched a low of Rs 324.90 so far on the NSE.  A combined 894,000 shares have changed hands on the counter so far on the NSE and BSE.
 
Ranbaxy Lab extends Monday's slide
Shares of Ranbaxy Laboratories have declined after company said it has received the form 483 with certain observations as a result of the recent United States Food and Drug Administration (USFDA) inspection at its active pharmaceuticals ingredient (API) plant at Toansa, Punjab, India.
 
 Morgan Stanley Asia buys 15 lakh shares of Escorts
Shares of Escorts were trading higher after Morgan Stanley Asia (Singapore) PTE bought 15, 09,036 shares at Rs 121.10. In the previous trading session, the share closed at Rs 123.25, up Rs 3.75, or 3.14 percent. The stock opened at Rs 124.30 and touched the high of 126.60 so far on the NSE.
 
ITC raises price of Bristol packet by 15%, shares up 1%
Shares of ITC gained as much as 1.36 percent in morning trade as reports suggest that it has increased Bristol cigarette price. ITC raised Bristol cigarette price by 15 percent to Rs 45 per pack of 10 sticks. Earlier a packet of 10 Bristol stocks costed Rs 38.

Somany Ceramics hit record high on Creador stake buy
Somany Ceramics has soared 13% to Rs 137 after its board approved to issue 4.35 million shares of the company to private equity firm Creador for Rs 50 crore on preferential basis.

INDIAN EQUITY MARKET WRAP UP-14 january

INDIAN BENCHMARKS ended on a weak note.


INDIAN EQUITY BENCHMARKS
ended on a weak note after a volatile session led by declines in software exporters such as Tata Consultancy Services Ltd on profit-taking after the recent run-up on better-than-expected quarterly results by peer Infosys Ltd. Cairn India were trading higher by 2% at Rs 332 after the company said that its proposed share buyback offer will commenced from 23 January 2014.

Further,
Shares of Coal India rise as market eagerly awaits the quantum of dividend that the company will declare. The stock has rallied more than 5 percent in the past four trading sessions. NIIT Technologies disappointed the street with the third quarter consolidated net profit falling 14.9 percent sequentially, higher-than-expected, to Rs 53.1 crore due to forex loss.

The crucial resistance for Nifty is now seen at 6310 and above this 6360. Support for the immediate term is now placed at 6190 and next support will be 6130.

News to watch:

Watch out for Wholesale Price Index (WPI) on Jan 15.


Monday, January 13, 2014

NIFTY FUTURE OUTLOOK 13th JANUARY 2014


Technical View:

Nifty future remain volatile on Friday and closed in negative as trade deficit stood 10.14bn in
December 2013 compared with 17.59bn in December 2012. Nifty futures closed at 6180 with a high
of 6269. Nifty for next trading session would have the resistance of 6270 if it breaks this level than
having the next resistance of 6310 and in down side having the support of 6150 if it breaks this
level than having the next support of 6060.

Pivot level:

S3
S2
S1
PIVOT
R1
R2
R3
5975
6088
6133
6201
6246
6314
6427



Trading Strategy: 
BUY ON DIPS. 

Wednesday, January 8, 2014

NIFTY FUTURE OUTLOOK 9 th JANUARY 2014

Technical View:


Nifty future ended on flate note with mild gains on Wednesday to mark their first daily gain this
year snapping a five session losing run. Nifty futures closed at 6197 with a high of 6217. Nifty for
next trading session would have the resistance of 6230 if it breaks this level than having the next
resistance of 6265 and in down side having the support of 6150 if it breaks this level than having
the next support of 6060.

Pivot level: 

S3
S2
S1
PIVOT
R1
R2
R3
6132
6166
6181
6199
6215
6233
6267




Trading Strategy: 
BUY ON DIPS.