Nifty Trading for the day:
As we stand by our call to go long on Nifty from 8550 to 8700 levels ( Spot Levels ). Nifty has broke out above that levels in last hour of buying and closed well above that ( 8744 ). We recommend to hold long positions with a revised stop loss of 8700 ( Spot Levels ). Also new entry can be made at or around these levels. Now onwards intraday gains might not possible. So take a view for 2-3 trading sessions.
FII & DII combined bought more than 800 cr in cash segment, while FII bought 2100 cr in Index futures. These suggest going long at these levels as well. Don't go short at these levels, instead buy on every dip.
View our previous recommendation here
As we stand by our call to go long on Nifty from 8550 to 8700 levels ( Spot Levels ). Nifty has broke out above that levels in last hour of buying and closed well above that ( 8744 ). We recommend to hold long positions with a revised stop loss of 8700 ( Spot Levels ). Also new entry can be made at or around these levels. Now onwards intraday gains might not possible. So take a view for 2-3 trading sessions.
FII & DII combined bought more than 800 cr in cash segment, while FII bought 2100 cr in Index futures. These suggest going long at these levels as well. Don't go short at these levels, instead buy on every dip.
View our previous recommendation here
Nifty Outlook For 30 August 2016
As we have predicted that US Fed's Chair Janet Yellen's comment about possible rate hike in September wouldn't be market moving and end up as non event, as most asian markets have consolidated throughout the day, except Nikkei, which was up more than 2%, thanks to the BoJ's comments about more stimulus. ( 29th August, Monday ).
Read Our Previous Comments Here.
Nifty Trading For 30 August 2016
For Traders, We recommended buy on dips strategy yesterday, rather than going short, which worked almost perfectly as Nifty has bounced back from 8550 levels and closed above 8600, as last hour rally, led by heavyweight Reliance, helped to stay above 8600. We will continue to hold long positions in Nifty with a stop loss of 8550 with a target of 8680-8700 ( Spot levels ).
For new positions, we would recommend only at 8600 spot levels, would be a stop loss with a target of 8680-8700. If you don't get a chance to enter at 8600, you can make an entry below 8630 levels, don't buy Nifty above 8650, as the levels are not favourable for risk reward.
As we have predicted that US Fed's Chair Janet Yellen's comment about possible rate hike in September wouldn't be market moving and end up as non event, as most asian markets have consolidated throughout the day, except Nikkei, which was up more than 2%, thanks to the BoJ's comments about more stimulus. ( 29th August, Monday ).
Read Our Previous Comments Here.
Nifty Trading For 30 August 2016
For Traders, We recommended buy on dips strategy yesterday, rather than going short, which worked almost perfectly as Nifty has bounced back from 8550 levels and closed above 8600, as last hour rally, led by heavyweight Reliance, helped to stay above 8600. We will continue to hold long positions in Nifty with a stop loss of 8550 with a target of 8680-8700 ( Spot levels ).
For new positions, we would recommend only at 8600 spot levels, would be a stop loss with a target of 8680-8700. If you don't get a chance to enter at 8600, you can make an entry below 8630 levels, don't buy Nifty above 8650, as the levels are not favourable for risk reward.
Nifty Outlook:
Finally Nifty has broken the 8600-8680 range on the lower side and closed at 8592. Profit booking was seen in Bank Nifty as well. The noticeable thing is FII were net buyers in index futures of more than 1000 cr and cash market of more than 300 cr, which helped index from deeper cut. Also, US fed commentary on friday at Jackson Hole, Wyoming was nothing more than confusing. It has reignited a fear of rate hike in September, which might trigger an outflow from Ems ( Emerging markets ).
1) For Investors, Who are waiting on sidelines.
Start focusing on your buy list and pick them slowly. Don't worry if markets headed south. Just keep buying.
2) For traders, Apply buy on dips strategy but be cautious as 8500 levels on Nifty might not stay due to US fed rate hike prospect. Focus on dollar index, gold and US treasury, to get idea of strength or weakness in Nifty. 8450-8480 will be a good zone to buy for target of 8620. Don't go short, as FII are still buying every dip, means liquidity will trap you. Also, if Nifty doesn't dip more, then no trade left Nifty above 8620-8640 levels.
Finally Nifty has broken the 8600-8680 range on the lower side and closed at 8592. Profit booking was seen in Bank Nifty as well. The noticeable thing is FII were net buyers in index futures of more than 1000 cr and cash market of more than 300 cr, which helped index from deeper cut. Also, US fed commentary on friday at Jackson Hole, Wyoming was nothing more than confusing. It has reignited a fear of rate hike in September, which might trigger an outflow from Ems ( Emerging markets ).
1) For Investors, Who are waiting on sidelines.
Start focusing on your buy list and pick them slowly. Don't worry if markets headed south. Just keep buying.
2) For traders, Apply buy on dips strategy but be cautious as 8500 levels on Nifty might not stay due to US fed rate hike prospect. Focus on dollar index, gold and US treasury, to get idea of strength or weakness in Nifty. 8450-8480 will be a good zone to buy for target of 8620. Don't go short, as FII are still buying every dip, means liquidity will trap you. Also, if Nifty doesn't dip more, then no trade left Nifty above 8620-8640 levels.
Global markets poised for turmoil as crucial greek vote decide the fate of Euro and survival of single currency bloc. Spain and Italy bond prices felt pressure and spiked to an unsustainable levels, it should impact negatively to stock markets but the hope for the quantitative easing and coordinated central bank liquidity operations help stock to rally yesterday. US markets closed at day's high on hope that next week's fed meeting will hint the new operation twist, as the one already running is expiring end of the month.
Nifty Trading Tips & Outlook Today:
Cautious approach with a positive bias on Nifty may be a good strategy as traders are expecting a pop after the election outcome in Greece, whether from the Election result of pro bailout party to come in to power or the liquidity injections followed by election disappointment. Nifty may be traded from buy side ith a target of 5200 ( spot ) in near term.
Nifty Trading Tips & Outlook Today:
Cautious approach with a positive bias on Nifty may be a good strategy as traders are expecting a pop after the election outcome in Greece, whether from the Election result of pro bailout party to come in to power or the liquidity injections followed by election disappointment. Nifty may be traded from buy side ith a target of 5200 ( spot ) in near term.
Headlines over the weekend and Friday's closing of US markets have created a bullish sentiment over the asian markets as they are up more than 1% in the morning. US markets has shown a good rally on friday despite mixed cues and fear over Euro zone. Saturday, the release of $125 billion to Spain from Eurozone help to maintain bullish sentiment, while China's inflation data and manufacturing data were provided some support as well. US markets will see continuation of last week's rally.
Nifty Trading Tips & Outlook Today
Nifty will see a long build up today and continue last week's gain on global sentiments. One might look for going long on Nifty with the target of 5150 ( spot ) in the week ahead. Buy on dips strategy advisable.
Check out our previous recommendations here
Nifty Trading Tips & Outlook Today
Check out our previous recommendations here
Open interest, or the number of contracts outstanding, in the Nifty futures on the National Stock Exchange of India Ltd. totaled 321,725 on June 1, the lowest since Feb. 2, 2007, data compiled by Bloomberg show. It was at 338,313 yesterday. The index rose 0.5 percent to 4,869.85 at 9:38 a.m. in Mumbai.
A private survey showed on June 1 that manufacturing in India slowed, a day after the government said economic growth slowed to a nine-year low in the March quarter. Foreign funds turned net sellers of domestic shares for a second month in May, reducing their holdings by $273 million, data from the market regulator show.
“Weak economic conditions are weighing on sentiment and affecting investments in stocks,” Siddarth Bhamre, head of derivatives at Angel Broking Ltd., said by phone from Mumbai. “Investors are scared to take longer-term bets.”
The value of index futures contracts held by foreign investors was 67.54 billion rupees ($1.2 billion) on May 31, the lowest level since February 2009, the data show. It was at 78 billion rupees yesterday.
‘Staring at Losses’
The 50-stock Nifty index fell 13 percent from its Feb. 21 peak as the rupee fell 6 percent versus the dollar last month, Asia’s worst-performing currency.
India’s record trade deficit “has weakened our balance of payments and the rupee is beginning to fall, as a consequence of which overseas investors are staring at losses and pulling out,” P. Jayendra Nayak, chief executive officer of Morgan Stanley (MS) India, told Bloomberg UTV yesterday. The withdrawals weaken the currency further and “it is important that we have a policy that gets us out of these vicious cycle,” he said.
The total derivatives turnover on the National exchange totaled 798 billion rupees on June 1, the lowest level since May 14, and reached 815 billion rupees yesterday, according to data compiled by Bloomberg.
The Nifty has climbed 5.3 percent this year and trades at 12 times estimated profits, the lowest level in more than three years. That compares with a multiple of 9.7 times for the MSCI Emerging Markets Index.
Nifty Trading Tips & Outlook Today:
We have recommended to short Nifty on Thursday & Friday trading sessions. Nifty will break important support 4800 and might trade below. If it closes below 4800, it creates another sell signal, but technically support levels might lead to bounce back soon. We advice not to trade Nifty today and wait for another technical break off below 4750.
Check out our previous recommendations here
Nifty Trading Tips & Outlook Today
Our last call was buy on dips on Nifty as index has gained a momentum but unfortunately, it couldn't get above 5000 levels and stayed there. Selling pressure due to global uncertainty as well as worst GDP number for the quarter put a pressure on the markets and might see downgrades and revised earning targets for large caps. All these events lined up in next few days and might continue pressuring Nifty. Long positions squared off and one might look to short Nifty around 4980-5000 levels ( Spot ). The range for Nifty will be 4800-5000( Spot ) for next trading strategy. Trade accordingly
Check out our previous recommendation here
US markets had an excellent session and closed near day's high. All dow components were closed positive. European woes are residing as investors feel tired of hanging policies. Valuations look attractive as buying at lower levels may be a strategy for now. Asian markets were shown a significant weakness due to rising spain debt yield to unsustainable alarming levels. All asian markets were in red, while hong kong markets and taiwan down over 2 percents.Nifty Trading Tips & Outlook Today
Nifty will see a mild correction today after two days of rally, use this dip to accumulate Nifty at lower levels. Trend will be positive in near term. Buy on dips around 4930-4940 ( spot ) levels. Don't short Nifty at current levels.
Check out our previous recommendations here
Nifty Trading Tips & Outlook Today
We have recommended a small buy positions at 4830 levels few days ago and squared off the positions yesterday around 4980 ( spot ). We will remain on buy side and continue buy on dips strategy until Nifty breaks 4800 decisively. Traders might get bullish call for short term and use buy on dips strategy. The upside is capped at 5050 and downside is at 4850 for the week. Trade accordingly.
Check out our previous recommendations here
Nifty Trading Tips & Outlook:
Nifty will stay rangebound with positive bias and upside capped around 5000 levels. Our last call was to buy Nifty Future around ( 4830, Spot) and those who are making gains may book profit around 4980-5000 levels. Nifty can't be shorted around at current levels. Apply buy on dips strategy. Buy it around 4880-4900 spot levels.
Check out our previous recommendations here.
Nifty Trading Tips & Outlook Today:
Yesterday, we recommended a Sell on Rise strategy on Nifty and Nifty retreated after morning bounce( From 4940 to 4860 ). While most of the analysts were expecting a bounce on Nifty to above 5000 levels. Today we expect a quiet session with a mild positivity on Nifty, Small buy positions at lower levels ( around 4820-4830 Spot ) might help. The main reason for weakness is Government policies and Rupee weakness. Some were expecting that UPA II government might fall soon and early Lok Sabha polls eyed.
Check out our previous Recommendation Here
US markets rebounded from a 2012 lows as some technical bounce and supportive actions from Europe about Greece calmed the market nerves. Vix index has tumbled more than 10 %. The uptrend is not convincing yet as it was just a bounce from oversold positions. How the week will span out, we have to watch out for Greek Exit Headlines for that.
Nifty Trading Tips & Outlook Today
Yesterday we have recommended Sell on rise strategy on Nifty. Nifty has retreated from day high and closed flat. the bounce that is expected but it will be used to create short positions. We Continue our recommendation to Sell on Rise on Nifty and until it crosses 5000 and closes above it. Short positions may be created around 4970 or 4980 levels ( Spot ).
See out Previous Recommendation Here
Nifty Trading Tips & Outlook Today
On the Nifty, trend is definitely down due to US markets and Europe contagion fears about finance institutions. One should try to sell Nifty on every rise ( around 4960 or 5000 spot ), aggressive traders might take early call before those levels, but Sell on Rise will be the strategy until major development in Europe that turnaround the things.
Check out our previous recommendation here
US markets were sold off yesterday amid Greece woes and Economic data, as friday's listing of Facebook couldn't lift market mood. We were expecting a bounce from levels but it didn't. Today, the listing of multibillion dollar IPO of Facebook Inc ( NASDAQ: FB ), either lift the markets or Greece might still be a reason for another sell off. US markets will see more downside in coming week if no resolution about Greece over the weekend. it would be cautious time to trade now.Nifty Trading Tips
Don't trade Nifty on either downside or upside and wait for market reaction about two major events over the weekend, Greece outcome and Facebook Listing. Because both of them impact market either positively or negatively. Our Yesterday's buy call on Nifty was covered at current levels ( Stop Loss ). We advise not to short Nifty now.
Check Out our previous recommendation here
Update 1: One should exit short positions around 4840 ( Spot Nifty ), Congratulations for profits.
US markets were down on a second day of the week, VIX spiked above 22. S&P 500 traded below 1340, a key psychological level for traders. Germany's GDP expanded more than expected, which helped markets to limit the downside in the early morning trade as markets were flat initially but the report that Greece money were coming out of banks and feared that banking capital will dry up soon. News prompted a fear in a markets and lead to a late sell off in US markets. Following the cues from US, Asian equities are sold off in morning trade as fear mounting about Greece collapse and its Euro Exit. All asian markets were down.
Nifty Trading Tips & Outlook
There is a definite downtrend to emerge today as we will see a sell off led by global cues and weakening rupee, Short Nifty at current levels. Don't try to bottom pick Nifty for a bounce, as US markets are loosing grounds and might impact more to downside in the global markets.Those who have shorted at around 4950 levels as mentioned in our previous day recommendation, they can hold the short positions, book partial profit at 4880 and next target will be 4850.
Check out our previous recommendation here
Keep Profiting from our tips, Happy trading
Yesterday, there was some buying emerged at lower levels and Nifty turned into positive territory intraday but it couldn't sustained at those levels and retreated but still off its lows. Markets are struggling to hold the current levels and any positive news might help Nifty to bounce back in near term, but Greece will hold a wild card to the course of market move. Greece has a debt repayment of $436 million due today, but there is no decision taken as of yet and might follow in to default if it fails to pay it within 30 days from now.US markets were loosing grounds and s&p 500 closed below critical 1340 level. Volatility index spiked close to 22 which may feared as panic situation and more sell off looming according to Citigroup analyst.
Nifty Trading Tips & Outlook
Trading in Nifty will be more cautious as US markets were started loosing grounds and Asia is already oversold due to Greek fear. One should short Nifty either at current levels or around 4950 levels. The downside will be limited , so one should be cautious if short Nifty at current levels. Sell on Rise will be better strategy to manage risk reward situation in favor.
Check out previous recommendation here
Check out previous recommendation here
US markets on friday were down, as financial weigh on dow jones and s&p after the reported loss of $2 billion from JP Morgan. Although markets haven't been sold off in panic and close just little down. Meanwhile Greece is looking forward for next election as coalition government attempt was failed. China's stimulatory measures helped asia to stay in positive territory, although didn't push them higher as well. Back to India, Political uncertainty about early Lok Sabha Poll will cap the upside in the markets and bad news might keep hammering Nifty lower.
Note: Nifty in a downtrend and will not get reversed without something extremely positive development globally and it seems a lot of uncertainty regarding Europe and US Economy's growth pace.
Nifty Tips and Outlook Today:
Nifty might see a little bounce today in the morning trade and give an opportunity to short sell on rally. Traders might short sell Nifty on rally ( around 5030-5050 spot ). Avoid long positions, and aggressive traders might short at current opening levels, but good return only expected when you short Nifty at our mentioned levels.
Note: Nifty in a downtrend and will not get reversed without something extremely positive development globally and it seems a lot of uncertainty regarding Europe and US Economy's growth pace.
Check our previous Nifty Trading Tips here
Update: Yesterday's open positions on short side were covered at Nifty 4910.
Yesterday, Nifty had tried to rally but couldn't sustain at 5050 levels and give up some gains. We recommended to short Nifty at 5050 levels and book partial profit at 4960 levels. See here.
In asia, China was weighing on sentiment, as Consumer Inflation is higher than expected. Asia trading in red too.
Yesterday, Nifty had tried to rally but couldn't sustain at 5050 levels and give up some gains. We recommended to short Nifty at 5050 levels and book partial profit at 4960 levels. See here.
US markets closed mixed as Cisco's earnings weigh down on Nasdaq to close in a negative territory. Economic data from US was encouraging and Banking Sector to push stocks higher. Dow Jones and S&P closed in a positive territory. Meanwhile European headlines were calming investor's nerves as Greece might work out a coalition government formation and avoid Euro exit by assuring the bail out terms. Europe closed positive. The headlines from Europe will dominate friday's trading session too.
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| Nifty Trading Tips |
Tips & Outlook Today for Nifty
Our View is to short sell Nifty around 5000 levels. Yesterday's open short position were covered if Nifty drift lower. Nifty will see sub 4900 levels in a coming week. No long positions created and Short Nifty on every rally for now.
Our Previous Recommendation
Update 2: Nifty give back gains and went in to negative territory, book 50 % profit and continue holding, Nifty at 4970.
Update 1: Nifty rallied close to 5040, it can be shorted at current levels by aggressive traders only.
US markets are still buy on dips as we have seen yesterday's market action. Dow Jones was down more than 180 points in an opening bell and recovered sharply intraday and closed lower to around 100 points. We are seeing that US markets are not selling off in a mess of European union. All other markets except china get a decent correction due to european woes. No sign of intraday recovery has been found. We have advised to go short on Nifty since 2 days and booked 75% or full profit yesterday See here
Update 1: Nifty rallied close to 5040, it can be shorted at current levels by aggressive traders only.
US markets are still buy on dips as we have seen yesterday's market action. Dow Jones was down more than 180 points in an opening bell and recovered sharply intraday and closed lower to around 100 points. We are seeing that US markets are not selling off in a mess of European union. All other markets except china get a decent correction due to european woes. No sign of intraday recovery has been found. We have advised to go short on Nifty since 2 days and booked 75% or full profit yesterday See here
Tips & Outlook today ( Nifty 4984 )
If someone is holding a short positions in remaining 25 %, they can book full profit and wait for a bounce to again go short on Nifty ( around 5050 or 5100 ). Don't short now and expect a bounce. Avoid long positions, too.
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