Nifty at make or break level


Nifty Future CMP 8700.35 (-04.80) on Friday trade, Last week nifty future price took support and jumped from the support of 100 DMA of 8519.80 and locked in gain of 95.25 points on WoW Basis.

Last week our Nifty option tips of 8600 call option gives our client a robust return of  around 220 %, Option premium make a peak of 146.50 from 44.00-45.00

Nifty Future Tips: – Long nifty future at 8523 made a high of 8728.20.

For Coming Week,

On charts nifty is trading in downward trading channel and facing significant resistance at 8750. On closing basis above 8750 nifty may show a bull rally to 8800-8880. On down side nifty hold decent support at 8640, closing basis below 8640 it may further correct down to 8580-8500.

Will Nifty hold or slip below the level of 8550 on Monday Trading?

Nifty Future CMP 8605.10: – Nifty future is trending downward and has immediate support at 8550, crossing and sustaining below this level for 15 min, it may further correct down to the level of 8510-8470. Nifty future shown some recovery on Friday on account of short covering and if continue to hold the current level of 8611 it may try to test the level of 8640-8690 on the higher side.



Nifty range bound may take resistance at 8820.

On charts, Nifty is trading in declining trend channel with major resistance at 8820.

For Thursday trading, Market may trade in a range of 8660-8785. One should accept the strategy of buy on low and sell on high in Nifty. Nifty may take resistance at 8845-8885 and hold important support at 8680-8640.

Infosys 2nd Quarter result to be out on Friday 14th Oct 2016.


Market Eye RBI Policy, Interest Rate sensitive sector is in focus.

RBI Policy will be the trigger for the market sentiment in the coming week. Nifty close in Red with 220.40 points down at 8611.15 on WoW basis. For coming week a cut in the interest rate may give a positive move to the market to retest the level of 8710 and 8840 and as a vice versa Nifty hold crucial support at 8470, a decisive breakout of 8470 with the volume may push down nifty to the level of 8350.

On derivative front Nifty cover some losses on Friday on account of short covering along with Bank Nifty shows some long built up with respect to interest rate decision.

For Monday, Traders may enter the trade around 8570-8590 with stop loss of below 8520 for the target of 8635-8685.


Volatility is on the cards of expiry, But keep on moving with Buy on Low Strategy at support level.

As mentioned in our previous report, The US Fed decision of keeping the interest rate unchanged will give buy on low a profitable move for investors and traders, Seems to resulted in highly profitable for our Clients and Readers.

Nifty CMP 8831.55 , registered a gain of 51.70 points on WoW basis. Previous week Nifty Fifty index opened up on positive note at 8788.45 with gain of 8.60 points and made weekly high of 8893.35 and weekly low of 8757.30 respectively.

Coming week we have expiry as the major event for the market.

On Chart:- Short Term basis market has sideways movement and it trading range has been now narrowed down. So volatility is something that is going to be on cards for the coming week but Keep move on with the strategy of buy on low if nifty continue to hold the support level of 8750 and 8640 for the coming week. The market have crucial resistance at 8905 and 8985 respectively for the coming week.

For coming Monday Intraday levels for Trading is as follows:- support level at 8810-8780 – 8750 and Resistance level at 8850-8875-8905.



Interest rate unchanged by US Fed may give Buy on low a profitable move for traders and investors

Nifty fifty index drag down by weak global cues lead to shut shop at 8779.85 with loss of 86.85 points on weekly basis. Previous week nifty fifty index shown gap down opening at 8732.95 with loss of 133.75 points and made weekly low of 8688.90 and weekly high of 8847.65. Last trading session give some recovery on account of rising expectation of rate cut by the Indian central bank.

For coming Week, Event to be focused is US Fed Meeting for increasing interest rate but for now the possibility is comparatively low with respect to December month meeting.

On charts Nifty index is continue to trade in rising trend channel so buying on low strategy may be apply if nifty continue to hold important support level at 8680-8540 for the coming week. Nifty have crucial resistance level at 8860-8980, Selling on these levels may not be ruled out on account of profit booking.

For coming Monday,traders should keep the below level in focus for day trading. Nifty may hold support at 8750-8720-8680 and have resistance at 8790-8820-8855.


Moneyites August 30, 2016 No Comments

Hero Moto Corp may maintains its heroic rally to 3550-3650 in the coming run

CMP 3412.00 , On the charts the stock is trading in bullish trend channel, In last trading session the stock shown strong pull back from the demand zone of 3250-3280 and RSI at 64.00. So a buy call has been recommended from the current level for the target of 3550-3650 in the short run with the stop loss below 3250.



Moneyites August 22, 2016 1 Comment

Can Nifty be able to break the trading range of 8500-8730 by the expiry ?

Nifty fifty index continue to trade in range bound movement and finally shut shop at 8666.90 with minus of 5.25 points on weekly basis. For coming Monday Nifty hold support at 8630-8595-8520 and have resistance at 8705-8745-8785.

On long term chart Nifty is trading in rising trend channel. For coming week Nifty holds important support levels at 8500-8350 and have major resistance at 8750-8880.