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NIFTY Outlook for the week of 15 Jan, 2018 - 19 Jan, 2018.

Stocks94 - Outlook - NIFTY - 20180115-20180119

NIFTY

Nifty View: Bullish | Upside Resistance: 10740-10784 | Downside Resistance: 10580-10550
From the levels of 10588 to the levels of 10690, Nifty made an upside move of 102 points in the past week and finally wrapped up the last week by closing at the levels of 10681. Nifty finally managed to hold above the key levels of 10650 for the first three trading sessions of the week and for the first time made a new all time high at the levels of 10690. Last session of the week was highly volatile on account of IIP data release and Infosys quarterly earnings results. Highly positive data supported the bullish view.

The Nifty weekly charts are showing strength for an upside rally. Taking a look at all the major indicators (RSI at the levels of 68, ADX at the levels of 25, and MACD in the positive territory), Nifty gives a clear indication that it is supporting a bullish view. The markets are at an all time high; so the possibility of dips cannot be ignored and dips should be taken as an entry to initiate fresh trades.

BANK ​NIFTY

Bank Nifty View: Bullish | Upside Resistance: 25950-26000 | Downside Resistance: 25600-25550
Stocks94 - Outlook - Bank NIFTY - 20180115-20180119
From the levels of 25527 to the levels of 25803, Bank Nifty made approximately 276 point move and closed at the levels of 25749.

The weekly candle shows good strength on the upside and gives an indication for a strong upside rally for the coming week. Indicators have strong point towards an upside rally. ADX at the level of 27, RSI at the levels of 64, and MACD in the positive territory supports the bullish view.

INDIA VIX

The volatility indicator attempted to move from the levels of 13.11 to the levels of 14.01 during the last week and India VIX finally rounded up the week at the levels of 13.73. Volatility is expected to remain in the range of 12-13 for the coming week.

Weekly Pivot Levels

Index
Resistance 2
Resistance 1
Pivot
Support 1
Support 2
NIFTY 50
10,755.00
10,718.00
10,653.00
10,616.00
10,551.00
NIFTY BANK
25,969.00
25,859.00
25,693.00
25,583.00
25,417.00

Activity as on 12 Jan, 2018

FII
DII
-158.16 Cr.
696.25 Cr.
Index*
Latest Close
Previous Day
One Week ago
One Month ago
     
12-Jan-18
11-Jan-18
05-Jan-18
13-Dec-17
NIFTY 50
10,681.25
10,651.20
10,558.85
10,192.95
INDIA VIX
13.7325
14.0125
13.1125
15.9450
NIFTY BANK
25,749.05
25,660.90
25,601.85
25,000.35
NIFTY AUTO
11,908.40
11,871.75
11,929.60
11,264.65
NIFTY FIN SERVICE
10,531.55
10,486.25
10,473.25
10,248.70
NIFTY FMCG
27,196.65
27,307.70
26.914.30
26,159.70
NIFTY IT
12,099.15
12,103.10
11,633.55
11,251.70
NIFTY PHARMA
9,714.85
9,772.85
9,701.05
9,002.80
NIFTY REALTY
366.80
372.25
347.30
311.00
* indicates the numbers as of end of day (EOD).
Market
National Stock Exchange (NSE)
NSE - Sectoral Indices
NSE - India VIX Index
RBI
SEBI
Products
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  • Home
  • About Us
  • Products
    • Equity Subscriptions
    • Research Advisory
  • Research Corner
    • Model Portfolio >
      • Diwali 2018: Are you shopping in the big equity sale?
      • Wealth Creation Ideas for 2018
      • Read More...
    • Morning Release >
      • 15 February 2019
      • 13 February 2019
      • Read More...
    • Fundamental Analysis >
      • Bharat 22 ETF Analysis
      • Ceramic Industry Analysis
      • BPCL: Supportive Technicals to bet on for Short Term Trade
    • Knowledge Base >
      • One Pharma Stock to Watch (Techno-Funda Analysis): Biocon Ltd.
      • Technical Analysis: Nifty IT
      • One Portfolio Stock to Bet on: Grindwell Norton Ltd.
      • One Private Sector Bank to Keep Track: DCB Bank Ltd.
      • Stock to Buy: Indraprastha Gas Ltd.
      • What is Abandoned Baby Pattern?
      • One Plastic Stock for Portfolio: Supreme Industries Ltd.
      • Read More...
    • IPO Corner >
      • Chalet Hotels
      • Listed IPOs
  • Trainings
    • BTAP - Basic
    • BTAP - Advanced
  • Blog
  • Careers
  • Support
    • Speak to us!
    • FAQs
  • Contact Us