News - Daily Nifty Technical Outlook by Finvasia in COMMUNITY CENTER - On Tuesday, Indian equity markets shrugged off the global woes to end the day with nearly 1.5% gains. Tensions in ...
+ Reply to Thread
Page 28 of 31 FirstFirst ... 18 26 27 28 29 30 ... LastLast

Daily Nifty Technical Outlook by Finvasia

  1. Nifty Outlook and Trading Levels: June 18th

    Name:  18th juneNifty.jpg
Views: 55
Size:  157 Bytes
    On Tuesday, Indian equity markets shrugged off the global woes to end the day with nearly 1.5% gains. Tensions in Iraq and concerns of high domestic inflation notwithstanding, investors made a run for domestic equity markets in late trading hours. Banking stocks and oil & gas were among the major gainers. Shares of ONGC surged 4.5% and RIL stock prices gained 2.5% on expectations of increase in margin after surge in crude oil prices. CNX nifty settled at 7631.70, higher by 1.30% from previous close. The 50-share index gave respect to key support level of 7500 and rallied further beyond to resistance of 7580, indicating a bullish signal for markets. Going forward, nifty has immediate resistance at 7770 which is its record high and if index manages to surpass this level, we may see further buying in the markets. The next key resistance level to watch is 7825. On the downside, nifty will take immediate support at 7580 and below that at 7520.
    Source: Finvasia Research


  2. Nifty Outlook and Trading Levels: June 19th

    Name:  19th juneNifty.jpg
Views: 57
Size:  157 Bytes

    On Wednesday, Indian equity markets ended 1% lower amid volatility, as investors became cautious after tensions in Iraq escalated on reports that Sunni militants have attacked the Iraq’s largest oil refinery. After trading in positive terrain, markets staged dramatic down move in second half of trading session. CNX nifty ended the session 1.17% lower at 7542.40, giving back most of its previous day’s gains. Analyst expect that rise in crude oil prices could dampen the investing sentiments as India import three-fourth of total fuel demand. And rise in fuel price could lead to rise in subsidy bill and current account deficit. Technically, as long as nifty holds above 7480, there is possibility of market bouncing back from current levels. However, if nifty manages to breach this level then we may see sharp selling coming to the markets. On the resistance side, nifty has immediate resistance at 7610 and above that at 7670. On the downside, nifty will take immediate support at 7480 and below that at 7400.

    Source: Finvasia Research

  3. Nifty Outlook and Trading Levels: June 20th

    Name:  20th juneNifty.jpg
Views: 57
Size:  157 Bytes
    On Thursday, Indian markets continued to remain volatile on rising geopolitical tensions in Iraq, with nifty index ending in red after it swung in a 100 points range. Selling pressure was seen in cyclist stocks particularly in Oil & gas and capital goods stocks, while markets found support from buying in defensive sectors like IT and Pharma. CNX Nifty ended 0.23% lower at 7540.70, losing more than 1.5% in two trading sessions. Indian markets are witnessing a quite volatile trading from last few days as investors become cautious at higher levels and on rising Iraq conflicts. Nifty has key support at 7500 and till the time it holds this level, markets would try to recover from current levels. On the resistance side, nifty has immediate resistance at 7580 and above that at 7625. On the down side, nifty will take immediate support at 7490 and below that at 7410.

    Source: Finvasia Research

  4. Nifty Outlook and Trading Levels: June 25th

    Name:  25th juneNifty.jpg
Views: 50
Size:  157 Bytes
    On Tuesday, Indian equity markets rose over 1%, snapping its four days losing streak, as index heavyweight surged on hopes of reform. Robust manufacturing PMI numbers from World’s biggest economies, China and US, also underpinned the investing sentiments. The 50-share index settled 1.16% higher at 7580.320, snapping its four days losing streak. The level of 7480 continues to maintain its significance as key support level and as long as nifty respect this level, there is a possibility the index try to retest its previous record high of 7700. In the immediate term it has minor resistance placed at 7630 and a move above which will imply a retest of its previous high of 7700. On the down side, nifty has key immediate support at 7500 and below that at 7440.

    Source: Finvasia Research

  5. Nifty Outlook and Trading Levels: June 26th

    Name:  26th juneNifty.jpg
Views: 52
Size:  157 Bytes
    On Wednesday, Indian equity markets ended lower as investors turned cautious and booked profits at higher levels ahead of June derivative segment expiry. The markets were traded broadly in range bound manner as gains in auto and capital good stocks offset the losses in financial stocks. CNX nifty ended the range bound session 0.14% lower at 7569.25. Today, markets may remain volatile and investors are advised to trade with predefined stop losses. Technically, the 50-share index is consolidating in a range with 7480 acting as stiff support, while nifty is finding difficulty in crossing 7700 marks. Till the time it doesn't give breakout on either side, markets are likely to trade with neutral sentiment. On the resistance side, nifty will take immediate resistance at 7610 and above that at 7700. On the down side, nifty has immediate resistance placed at 7480 and below that at 7440.

    Source: Finvasia Research

  6. Nifty Outlook and Trading Levels: June 27th

    Name:  27th juneNifty.jpg
Views: 55
Size:  157 Bytes
    On Thursday, Indian equity markets moved lower nearly 1%, led by the losses in oil& gas and financial stocks. Shares of ONGC tanked over 6% while RIL slipped over 4%, following the news that government has postponed the decision to hike gas prices. CNX nifty ended the final day of June F&O segment series 1% lower at 7493.20. Investors rolled over high positions to July derivative series on Thursday, expiry day for June F&O contract series, indicating a bullish mode among investors on hopes of a positive Union Budget on July 10. Technically, nifty has immediate key resistance placed at 7480 and till the time it hold this level, there is a probability of attempt to bounce back from current levels. On the higher side, nifty will take immediate resistance at 7560 and above that at 7610. On the downside, nifty has immediate resistance placed at 7480 and below that at 7435.

    Source: Finvasia Research

  7. Nifty Outlook and Trading Levels: June 30th

    Name:  30th june Nifty.jpg
Views: 53
Size:  157 Bytes
    On Friday, equity markets ended marginally higher in a choppy trading session as investors turned cautious on worries that weak monsoon may put upward pressure on inflation. However, gains in IT stocks helped the index to settle in the positive terrain. IT stocks surged in the range of 2-4% after upbeat performance from Accenture Plc. CNX nifty ended the lackluster trading session 0.20% higher at 7508.80. Technically, nifty has key support at 7480 and as long as it defends this level, there is possibility of bounce back from current levels. On the higher side, nifty has immediate resistance at 7560 and above that at 7610. On the downside, nifty will take immediate support at 7480 and below that at 7420.

    Source: Finvasia Research

  8. Nifty Outlook and Trading Levels: July 1st

    Name:  1st July Nifty.jpg
Views: 52
Size:  157 Bytes
    On Monday, Indian equity markets kick started the week on positive note with benchmark indices registering gains over 1%. Public sectors banks were led the charge as optimism over budget related positive announcement played in investors mind. CNX nifty ended the first day of week 1.37% higher at 7611.35. Nifty appears to be consolidating from last few weeks as investors waited for fresh cues for further direction in the markets. Analysts are of the view as long as nifty holds 7480 as its support the positive momentum remain intact. On the upside, immediate resistance for nifty is placed at 7660 and above that at 7700. On the down side, key support levels to watch are 7570 and 7510.

    Source: Finvasia Research

  9. Nifty Outlook and Trading Levels: August 13th

    Name:  13 august nifty.jpg
Views: 36
Size:  157 Bytes
    Nifty made a big 100 point up move yesterday and ended the session at 7727. Today Nifty might have a weak opening today as indicated by the SGX Nifty which is trading 22 points lower at 7730. In a double negative yesterday, IIP came lower than expected at 3.4%, while July CPI was higher than expected at 7.96. This ugly data could weigh upon Nifty as Bank Nifty is likely to some profit booking today. For Nifty, support for the day is seen at 7670 and 7640, and resistance at 7760 and 7800. Global cues are mixed for the day. The US DOW, Nasdaq and S&P 500 closed lower 0.05-0.28%. Meanwhile in Asia, Nikkei, Hang Seng and Shanghai are trading higher by 0.16-0.24%.

    Source: Finvasia Research

  10. Nifty Outlook and Trading Levels: August 14th







    Name:  14 august nifty.jpg
Views: 43
Size:  157 Bytes
    Nifty ended yesterday's session 12 points higher at 7740, a third straight day of gains. SGX Nifty is trading 18 points in the green at 7758, pointing towards a positive start for Nifty today. July WPI data is due today which is seen slightly lower at 5.16% mainly on back of lower fuel inflation. Global cues are positive for the day. The US and European markets closed in the green. Nasdaq and DAX closed higher by more than 1%. US markets turned positive as weak retail sales numbers indicated towards late tightening by the Fed. Most of Asia is also trading positive with Shanghai and Nikkei higher by 0.10% and 0.60% respectively. Chinese industrial production data came in as expected at 9%. Nifty is likely to trade with a positive bias today, with support for the day at 7700 and 7660 and resistance at 7780 and 7820.
    Source: Finvasia Research

+ Reply to Thread
Page 28 of 31 FirstFirst ... 18 26 27 28 29 30 ... LastLast

Visitors found this page by searching for:

daily market technical outlook for nifty

nifty outlook on feb 10 2014

Tags for this Thread