CH Nifty Market Trend for 17-October-2017

NIFTY TREND-BULLISH

NIFTY SPOT LEVELS

SUPP 1: 10145

SUPP 2: 10070

RES 1: 10285

RES 2: 10370

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Nifty Market Trend for 13-October-2017

NIFTY TREND-CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 10015

SUPP 2: 9930

RES 1: 10145

RES 2: 10220

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Nifty Market Trend for 12-October-2017

CH: NIFTY TREND-CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 9945

SUPP 2: 9870

RES 1: 10065

RES 2: 10150

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Nifty Market Trend for 11-October-2017

CH: GOOD MORNING

NIFTY TREND-CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 9945

SUPP 2: 9870

RES 1: 10085

RES 2: 10150

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Nifty Market Trend for 09-October-2017

CH: GOOD MORNING

NIFTY TREND-CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 9915

SUPP 2: 9840

RES 1: 10035

RES 2: 10110

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Nifty Likely to Reclaim 10K to Hit 10,140

Buy on Dips as Nifty Likely to Reclaim 10K to hit 10,140 this Coming Week

The Nifty50 gained 191 points on the weekly basis. The market witnessed buying action in largecap and midcap space. The index is likely to continue to head higher and it may scale up towards 10070-10140 in the coming week.

Since the past 3-4 months, the index is consolidating within a broad range of 10180-9685 levels representing a sideways trend. On the weekly chart, the index has formed a ‘Bullish’ candle with a long lower shadow indicating buying at lower levels.

The Nifty50 managed to surpass 50 percent retracement of recent fall (10178-9687). The Nifty managed to reclaim above 50-days moving average (DMA) and 100-DMA which indicates a gain in strength.

If the index crosses above 10,000 level next week then it would witness buying which would take the index towards 10,070-10,140 in the near term.

The daily strength indicator Relative Strength Index (RSI) and momentum oscillator Stochastic have both positive and are above their respective reference lines indicating positive bias. Buying on dips continues to be our preferred strategy.

On the lower side, 9945-9900 are likely to act as good support for any minor corrective action in the near term.

Here is a list of stocks which are looking attractive for the coming week. Jubilant FoodWorks, Bharat Forge, Petronet LNG, Bharat Financial, HCL Technologies looks bullish for near/short term.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

Nifty may Consolidate between 9800-10000

The Nifty50 is expected to consolidate with a positive bias above 9800-10000. The decline in volatility along with an increase in open interest at Put strikes suggests writing in Put options, which has led to positive consolidation.

So far the Nifty was mainly dragged by Nifty Bank due to short positions formed in the index. However, the support is expected to come from non-banking heavyweights. The coming up earnings season would also lead to a more stock specific scenario.

exhi1

India VIX has declined from 14 percent to 11.5 percent in the recent Nifty pullback. Buying from mutual funds has supported the markets. They have bought more than Rs 10,000 crore in the last few sessions

The rupee has appreciated after hitting Rs 65.80/USD levels. This has happened on account of buying in the debt segment from FIIs. This has nullified the equity selling from them.

One major factor in Nifty Futures is the lower premium with respect to spot. This is termed as the basis, which was seen as low as 8 points also.

This means shorts were formed in the Nifty. The cash buying support in the broader market leads to short covering in Nifty futures, which was primarily seen in Friday’s session.

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Nifty Market Trend for 06-October-2017

GOOD MORNING

NIFTY TREND-CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 9815

SUPP 2: 9750

RES 1: 9965

RES 2: 10030

RES 2: 10030

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Nifty Market Trend for 05-October-2017

GOOD MORNING

NIFTY TREND-CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 9865

SUPP 2: 9780

RES 1: 9965

RES 2: 10030

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

CH Nifty Market Trend for 04-October-2017

CH: GOOD MORNING

NIFTY TREND-CONSOLIDATE

NIFTY SPOT LEVELS

SUPP 1: 9785

SUPP 2: 9710

RES 1: 9895

RES 2: 9970

www.capitalheight.com/freetrial.php

Give Missed Call at +91 830-630-830-8

1 2 3 38