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NIFTY Outlook for the week of 05 Mar, 2018 - 09 Mar, 2018.

Stocks94 - Outlook - NIFTY - 20180305-20180309

NIFTY

Nifty View: Sideways to bearish; pullbacks will only be an entry for selling side | Upside Resistance: 10624-10657 | Downside Resistance: 10300-10246
From the levels of 10632 to the levels of 10447, Nifty made a downside move of 185 points in the past week and finally wrapped up the last week by closing at the levels of 10458.

Nifty weekly charts indicate the formation of a strong bearish candle; monthly candle is a strong bearish engulf pattern. The weekly opening based on daily charts will be in the negative. Any upside movement will only be a pullback referring to retracement of previous month's engulf pattern. Based on major indicators, such as, RSI at the levels of 53, MACD in the negative territory, and ADX at 17, Nifty will support a bearish view for first few sessions of the week.

BANK ​NIFTY

Bank Nifty View: Bearish | Upside Resistance: 25340-25480 | Downside Resistance: 24620-24400-24100
Stocks94 - Outlook - Bank NIFTY - 20180305-20180309
From the levels of 25724 to the levels of 24854, Bank Nifty made approximately 870 points downside move and closed at the levels of 24903.

The weekly candle shows a bearish candle with closing below major moving average. Moving average crossover is intact on the chart and a strong bearish move has set in for the week ahead. Major moving indicators, such as, RSI at the levels of 47, ADX at the levels of 17, and MACD in the negative territory supports a bearish view.

INDIA VIX

The volatility indicator attempted to move from the levels of 14.83 to the levels of 13.80. For the coming week volatility is expected to remain within a range of 10-12.

Weekly Pivot Levels

Index
Resistance 2
Resistance 1
Pivot
Support 1
Support 2
NIFTY 50
10697.33
10577.67
10512.33
10392.67
10327.33
NIFTY BANK
26030.33
25466.67​
25160.33
24596.67
24290.33

Activity as on 01 Mar, 2018

FII
DII
+241.85 Cr.
-3.29 Cr.
Index*
Latest Close
Previous Day
One Week ago
One Month ago
     
01-Mar-18
28-Feb-18
22-Feb-18
30-Jan-17
NIFTY 50
10458.35
10492.85
10382.70
11049.65
INDIA VIX
14.0725
13.8050
14.8325
16.4150
NIFTY BANK
24902.55
25107.40
24955.20
27269.05
NIFTY AUTO
11146.70
11157.20
10847.95
11627.90
NIFTY FIN SERVICE
10372.60
10439.10
10396.85
11208.15
NIFTY FMCG
26492.35
26513.70
26460.75
27512.10
NIFTY IT
12769.45
12809.00
12730.25
13107.90
NIFTY PHARMA
8917.75
8960.25​
8861.75
9563.55
NIFTY REALTY
324.75
326.90
319.65
344.80
* indicates the numbers as of end of day (EOD).
Market
National Stock Exchange (NSE)
NSE - Sectoral Indices
NSE - India VIX Index
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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 >
      • 21 February 2019
      • 20 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 >
      • Belt-Hold Candlestick Patterns
      • 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