Nifty managed to close above 8200

A volatile session ended with a positive note. Nifty ended at 8200.7, up by 26.6 points and Sensex rose 33.17 points to close at 27241.78.
Among NSE sectoral indices,CNX PSU Bank rose the most by 1.32% whereas CNX FMCG declined the most by 0.68%.
In Nifty50 stocks, DLF was the top gainer, rose 3.27% to close at 135.95 and BHEL was the top loser by 1.3% to close at 251.25.
Gujratgas was the turnover topper by traded value and Unitech by the traded quantity on NSE today.
Advanced / decline ratio was almost 1:1 as 772 stocks gained while 739 stocks declined today on NSE.

Nifty Outlook :
As we have seen that Nifty has started declining from the very first day of December. As it's a part of correction, but it has broken a support of 8280 and made nearly a 2 months' low at 7961.35 after 21st October. Now Nifty has completed 61% retracement (8626.95 to 7961.35) and again it declined in last few sessions. In coming month, Q3 results and RBI policy will influence the market movement.
Support : 8135 / 8050
Resistance : 8280 / 8370

Market recovered from yesterday's losses

Market bounced in a last hour of the week on S&P upgrade. Sensex above 26600.

After three days' fall, market bounced back smartly as Global rating agency Standard & Poor's (S&P) has upgraded India's credit outlook to stable from negative. Nifty closed at 7968.85 with a gain of 57 points and Sensex jumped 157.96 points to close at 26626.32. Nifty recovered nearly 127 points from the day's low of 7841.8.

In sectoral indices, only 3 indices closed into negative which were CNX FMCG(-0.88%), CNX Media(-0.46%) & CNX IT(-0.43%) whereas CNX PSU Bank rose the most by 3.07% followed by CNX Metal(2.7%), CNX Realty (2.4%), CNX Commodities (2.12%).

In Nifty50 stocks, Hindalco gained the most by 6.27% to close at 158.5 and DrReddy was the top loser by 2.56% fall and ended at 3225.75. JPAssociat was the turnover topper by the traded quantity and Sunpharma by the traded value. Advance / Decline ratio was positive as 866 stocks gained and 692 stocks declined today on NSE.

Nifty Outlook : 

(Spot)Nifty is trading still in a bearish mode and may touch 8040-8095 in continuation with today's rally. On daily chart, Nifty has a strong resistance at 8155 and a good support at 7790 and 7720.

Highest weekly closing ever for Nifty.

Lower inflation figures and positive start on European kept Indian equity market sustained on a higher note. Inflation dipped to a five month low of 5.19 per cent in July mainly on account of decline in prices of some food articles, vegetables and protein rich items. It was at 5.43 per cent last month and 5.84 per cent in July 2013. 
Nifty gained 52.15 points to end up at 7791.7, highest on weekly closing basis and Sensex closed at 26103.23, up by 184.28.

All sectoral indices on NSE closed in positive except CNX IT and CNX Media which was the top loser by 0.23% whereas CNX Metal index rose the most by 1.92%.

In Nifty50 stocks, Heromotoco was the top loser by 2.51% which ended at 2514 and Jindalstel was the top gainer by 3.27% and closed at 284.1.

Unitech was the turnover topper by the traded quantity and Tatasteel by the value traded today on NSE.

Advance decline ratio was positive as 737 stocks gained and 414 stocks declined and 18 remained unchanged on NSE today.

Nifty Outlook :

Nifty has closed on the highest level ever on weekly basis ahead of longer weekend. It has closed above the 61.8% retracement from 7840.95 high made on 25th July and the low of 7540 marked on 8th Aug. 7840-7850 may be the hurdle for it's Northward journey ahead and 7760 will be the immediate support as well. Finding opportunities in every dip is advisable. Bottom fishing will be advised at around 7640 or 7590 levels with a strict stop at trend reversal level of 7490.

Sadanand Gowda's maiden Rail Budget derailed the market. Nifty crashed 210 points.

The Rail Budget failed to live up to market expectations and investors preferred to book profits after a sharp rally seen in most of these stocks so far in the year 2014. However, news of FDI in railways announced by the Railway Minster failed to cheer the Street and railway-related stocks, but that is one step which is in the right direction. 
Nifty tumbled by 184.3 points to end up at 7602.85 from the day's high of 7807.05. Sensex collapsed 578.32 points to end at 25521.76. Nifty traveled into three centuries from 7800 at the beginning to dip below 7600 mark at the time of closing. In Nifty50 stocks, just two stocks gained, Sunpharma(+0.62%) & ITC(+0.06%). DLF was the top loser by 8.53%.
In CNX Sectoral Indices, CNX Realty was the top loser by 7.35% followed by CNX Infra(5.22%), CNX PSE(5.05%).
Most of railway-related stocks dipped into the red after opening on a strong note. Texmaco Rail and Engineering was the top most loser among the railway-related stocks. The stock plunged a little over 13 per cent in trade post the announcement of the Budget.

Nifty Outlook :
In the last blog dated 27th June, 2014, we had expected about the smart rally if sustained above 7540 and similarly, Nifty has geared up above the level on the June 30th. 
As we are into the influencing time, the investors are staying cautious and keen on booking profits. Union Budget on Thursday, i.e. 10th July and start of quarterly result session from Infy(11th July) will definitely affect the market but hopefully not the sentiment. Spot Nifty has an important support at 7510 on daily closing basis whereas immediate trading trendline support will be at 7570 (considering 5 mins chart since 23rd June. Instantly, upside resistance will be at 7670.

Market ended flat. Nifty above 7500 & Sensex above 25 k mark.

Markets held the positiveness on the last day of the week and the first day of July month derivative expiry. Nifty ended at 7512.25, up 19.05 points and Sensex gained 48.44 points to close at 25111.11 as Brent crude fell below $113 a barrel on Friday, on track for its biggest weekly loss since January as investors unwound positions on reduced concerns over exports from strife-torn Iraq. 

Among CNX sectorial indices, CNX Pharma gained the most by 2.77% followed by CNX IT(2.51%) whereas Metal index was the top loser by 1.37%. 

In Nifty50 stocks, TechM was the top gainer by 4.09% gain and Mcdowell-n hit the worst by 3.77%.

Advance Decline ratio was slightly on positive side as 620 stocks gained and 538 stocks declined on NSE today.

Nifty Outlook : Nifty is trading into a specific range and depending on many factors to come in next month; i.e. very first budget by Hon FM Mr.Arun Jaitley of a new Govt. which will be announced on 10th July and corporate results which may commence with IT giant Infy on July 12. Also we must not ignore the scarcity of water all over the nation if monsoon won't arrive soon. Technically speaking, spot nifty has a good support at 7440 as well as a resistance at 7660-7680 level. In the month of June, nifty's trend was declining and reduced the broad range of 240 points to 50 points from 7540 & 7490. So any breakthrough above or below these levels leads to a smart rally considering the above mentioned supports.

Chart 1 Nifty June

Downside continues, Nifty tested 7120

Market continued a pessimism as it gave negative closing for the third consecutive session. Today Nifty tried to maintain into green but last half an hour it witnessed profit booking and lost the positiveness.
Sensex lost 39.71 and Nifty50 slipped by 10.65 points and ended at 24194.44 and 7225respectively. Adjusted closings were 24217.34(-16.81) & 7229.95(-5.7). Among NSE Sectoral indices, CNX PSU Bank index which was down by 2.68% and Banknifty which turned to negative by 1.58% hit the market and pulled down the overall benchmark. Hindunilever was the top gainer among Nifty50 stocks, closed at 597.3 with up 7.34%. Bankbaroda was the top loser by 4.2%, closed at 840.
Advance Decline ratio was on negative side as 560 stocks gained and 604 stocks declined today on NSE. Tatamotors was the turnover topper by the quantity traded and ICICIBank by the traded value for today on NSE.

Nifty Outlook :
Market is wait n watch mood. Nifty tumbled nearly 386 points in this week(High of 7504 and today's low 7118.45). Nifty made a weekly high of 7504 in the very first day of the week and profit booking threw the market to settle at 7359 on the same day. May expiry (which contained 24 sessions which is usually on highest side after excluding 1st May and election holiday) resulted into winding up long positions as premium eroded from 35-45 points to 5 rupees at the time of today's clsoing. Nifty Fut ended at 7230 whereas spot Nifty ended at 7225. Nifty has set some resistances on its own in recent swings. Major support for the Nifty is at 7040 to 7000 levels. Q1 FY2014-15 results will be announced by 2nd June and new cabinet actions will guide the market direction.
Major Supports : 7040                                                                             Major Resistance : 7340 
Immediate Support : 7190                                                                        Immediate Resistance : 7270.

Nifty closed above 7000 mark, Sensex above 23500.. Is this a new beginning ??

Another tide for market to close at new all time high.
Nifty gained 155.45 points to close at 7014.25 and Sensex zoomed 556.77 points to record new closing high of 23551.00.
Coal India was the top gainer among Nifty50 stocks, rose 6.11% whereas Mcdowell-n was the top loser by 2.72%.
All among CNX sectoral indices, all the indices closed into green except CNX Pharma.
CPSE index gained the most by 3.98% led by Coalindia, IOC and PFC; followed by PSE(3.25%), Energy(3.05%) and Media(3.0%)
Advance decline ratio was marginally on positive side as 566 stocks gained and 483 stocks declined and 49 remained unchanged today on NSE.

Nifty Outlook :

Last two session, we have witnessed a massive all rounded rally on the bourses. But Nifty May Fut have recorded a 20% lesser volume than of Friday, 9th May. As we are into a zone of new highs, no barriers will be set for the Nifty technically, but 7135-7240 level will be the level where we must book our extended profits.In last week, Nifty has taken support from 6640 level, mentioned on our page on faebook https://www.facebook.com/pages/Integrity-Financial-Consultants/262737967138245
Major support : 6700-6640

Possibility of NDA gaining majority with figure around 270-300 will definitely set a trigger for market but we must remember that market has already discounted the thing.
Another possibility of hand in hand position with BSP/ SP or TCP, in that case, I personally feel no one will agree on NAMO as PM. President of BSP will show her eagerness for Sushmaji instead as BSP president wont be ready for Rjnathji as he may prove his power against her in UP.
In case of SP, all cards will be played in blind !. Nothing different with the unpredictable woman of Bengal, Ms.Banerjee. Speaking with AIADMK, it will become dominant if gets 22-27 sets but another possibility of staying back in TN, she will support BJP and demand for a special robust package. Or we never know she may be the new limelight face for PM.
Our expectations on results :

	STATE	SEATS	CONG	BJP	NDA         Allies	Others
1	ANDHRA PRADESH	42	4	4	14	20
2	ARUNACHAL PRADESH	2	1	1		0
3	ASSAM	14	7	5		2
4	BIHAR	40	2	22	5	11
5	CHHATTISGARH	11	2	9		0
6	DELHI	7	0	6		1
7	GOA	2	1	1		0
8	GUJRAT	26	2	24		0
9	HARYANA	10	3	5	1	1
10	HIMACHAL PRADESH	4	1	3		0
11	J&K	6	2	2		2
12	JHARKHAND	14	1	10		3
13	KARNATAKA	28	11	16		1
14	KERALA	20	8	1		11
15	MP	29	3	26		0
16	MAHARASHTRA	48	8	20	16	4
17	MANIPUR	2	2	0		0
18	MEGHALAY	2	1	0		1
19	MIZORAM	1	1	0		0
20	NAGALAND	1	1	0		0
21	ORRISA	21	3	5		13
22	PUNJAB	13	5	3	5	0
23	RAJASTHAN	25	1	24		0
24	SIKKIM	1	0	0		1
25	TAMILNADU	39	1	2	5	31
26	TRIPURA	2	0	0		2
27	UTTARAKHAND	5	1	4		0
28	UP	80	8	40		32
29	WB	42	4	2		36
30	ANDMAN & NICOBAR	1	0	1		0
31	CHANDIGARH	1	0	1		0
32	DADRA & NAGAR HAVELI	1	0	1		0
33	DAMAN DIU	1	0	1		0
34	LAKSHDWEEP	1	1	0		0
35	PUDDUCHERRY	1	0	0		1
		543	85	239	46	173

Nifty failed to hold above 6300 mark, Sensex maintained to stay above 21k.

The Indian equity market ended the day with losses on Friday after the rupee hit over five week low against the US Dollar. Rupee depreciated almost 20 paise in the post noon session and ended at 61.5350 versus US$.The US dollar faded marginally after a mixed bag of US economic data. Also, IT & banking dragged the market after flat start. Nifty closed at 6261.55, down by 57.25 points and Sensex slipped 201.56 points to end at 21063.62.
All the NSE Sectoral indices closed into red and the leader was CNX Realty by 2.58% followed by CNXIT by 2.4%.
In Nifty50 stocks, BPCL gained the most by 2.92% whereas TCS plunged by 5.5% on announcing Q3 results.
Unitech was the turnover topper by the traded quantity and Infy by the traded value.
Advance/Decline ratio was at 3:1 as 1071 stocks declined and 355 stocks gained today on NSE.

Nifty Outlook :

As described in the last blog, Nifty did not break 6140 level and stayed into Northward journey. Also test the upper resistance of 6335 but again failed to close above it. Nifty should give next weekly close above 6255 to maintain the uptrend.
Important Support : 6181 / 6220
Important Resistance : 6290 / 6335

Infy results failed to pump steam into the market

Infy beat the market expectations as it reported Q3 profits to 2875 cr and Sales 13026 cr vs 12965 QoQ but could not helped the market to retain it's gain as market closed with a minor gains. Nifty gained 3.1 points to close at 6171.45 whereas Sensex was up by 45.12 points and closed at 20758.49.
Among CNX Sectoral Indices, CNX IT gained the most 2.16% and CNX PSU Bank was the top loser by 1.74%. In Nifty50 stocks, Infy gained the most by 3.05% and closed at 3556 after close to a new high of 3580.5. Indusind bank was the top loser by 3.17% ; closed at 403.6as it's NPA% rose in the last quarter.
Manappuram was the turnover topper by the traded quantity and Infy by the traded value.
Advance/Decline ratio was negative as 699 stocks declined and 225 stocks gained today on NSE.

Nifty Outlook :
6120-6140 can be considered as a strong support for further pull back rally eases upto 6230 level. Any political movement or an quiver Q3 results may set the direction for shorter term.
Important Support : 6120
Important Resistance : 6230