Bank Nifty View

Bank Nifty failed to surpass 27,500 zones and corrected towards 27,220 levels. It has negated formation of higher lows of the last four session and finding multiple hurdles between 27,500 and 27,750 zones from five weeks.

Daily Chart

chart

To Get Free Trial 
Missed call @ 8817002233 
Call Us @ 8602780449
Mail Us = starindiamarket@gmail.com 
Visit = https://www.starindiaresearch.com/freetrial

Advertisements

NIFTY PREDICTION & CHARTS 3 DEC TO 7 DEC 2018

WEEKLY RESISTANCE FOR NIFTY:10950,11100,11250

 PIVOT POINT: 10700

WEEKLY SUPPORT FOR NIFTY :  10600,10500,10400

What a splendid month it was for our markets as it brought back wide smile on traders’ / investors’ faces post consistent fall in previous two series. The 10000 mark acted as a very strong base and we witnessed a v-shaped recovery of more than 7% (highest gain post March 2016).  During the nov month, we saw blend of short covering and fresh long formation in Nifty Futures. The index gained over a percent to close above 10,850 levels, forming bullish candle on the daily charts. The rupee gaining past 70 a dollar at close, crude falling below $60 a barrel, consistent FII buying and Federal Reserve’s dovish remarks hinting end to aggressive rate hikes boosted market sentiment. Benchmark indices ended marginally higher on Friday, but the Nifty could not hold on to 10,900 level.

nifty weekly chart - starindia market research.png

To Get Free Trial 
Missed call @ 8817002233 
Call Us @ 8822117117 
Mail Us = starindiamarket@gmail.com 
Visit = http://www.starindiaresearch.com/freetrail.php

 

Outlook of Nifty Today

Nifty Outlook:-

Nifty continued on their positive trend with buying pressure witnessed across sectors in the afternoon session. Nifty ended the day 80 points above at 10763.40 with broad-based buying pressure witnessed across all sectorial indices except Nifty finance service and PSU Banks.

nifty report - starindia market resaerch.JPG

To Get Free Trial 
Missed call @ 8817002233 
Call Us @ 8822117117 
Mail Us = starindiamarket@gmail.com 
Visit = http://www.starindiaresearch.com/freetrail.php

Nifty Weekly View

Markets witnessed yet another volatile trading session on Friday with heavy selling pressure witnessed in small and midcap stock. Nifty hit an intraday low of 10,850 before staging a smart recovery at the fag end of the day.Nifty Metal, meanwhile, was the worst-performing sectoral index in Friday’s trade and ended 5.09% lower.

nifty report 17 may.JPG

To Get Free Trial 
Missed call @ 9582541010 
Call Us @ 8822117117 
Mail Us = starindiamarket@gmail.com 
Visit = http://www.starindiaresearch.com/freetrail.php

Nifty Weekly View

Profit booking seen in Nifty after gains for the ninth consecutive week and traded lower for most of the trading session of the week. Nifty recover on the back of positive news flow of cooling of oil prices and strengthening of Rupee and finally able to close above 11600 level.

nifty report 17 may

To Get Free Trial 
Missed call @ 9582541010 
Call Us @ 8822117117 
Mail Us = starindiamarket@gmail.com 
Visit = http://www.starindiaresearch.com/freetrail.php

Nifty Weekly View

The recent sideways move on the Nifty has seen the index form two hanging man and a Doji pattern, all indicating an early sign of reversal. Going forward, if Nifty cracks below the hanging man pattern’s low of 11,540 which is also a crucial support, it is likely to drag lower towards 11,450 levels.

nifty report 05 may.JPG

To Get Free Trial 
Missed call @ 9582541010
Call Us @ 8822117117 
Mail Us = starindiamarket@gmail.com 
Visit = http://www.starindiaresearch.com/freetrail.php