Thursday, April 7, 2016

NIFTY AND BANKNIFTY OUTLOOK FOR 8TH APRIL 2016

Morning !

Posted on 6th April 2016 that NIFTY upper limit remains 7640-7670....it made 7638 on 6th Apriland 7360 on 7th April and reversed from there to take support at 7580....post breaking it that levels mentioned were 7530-7480......yesterday it took support at 7530...made a low of 7535 and closed at 7546.....expecting the momentum to continue on downside 7530-7480-7420-7380.

BANKNIFTY levels mentioned on 6th April on upside resistance were 15758-15829....it faced resistance at 15768 and 15726 on 6th and 7th April respectively......downside levels mentioned were 15530-15420-15320...yesterday made low at 15458 and closed on the spot at 15530......expecting downside momentum further......levels expected 15420-15320-15280-15170.

Happy Trading !
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25 comments:

  1. UnknownApril 7, 2016 at 9:09 PM

    Sir what are your views on ajanta pharma ? Thanks :)

    ReplyDelete
    Replies
    1. Manigandan KalyanaramanApril 8, 2016 at 7:06 PM

      Of you holding, Book profit @1480 for Ajanta pharma and re enter @ 1380

      Delete
    2. Abhishek SaddiApril 9, 2016 at 11:40 PM

      Prashant Bhansali: I don't track Ajanta Pharma

      Delete
    3. UnknownApril 10, 2016 at 3:49 AM

      Thnx @manigandan @abhishek sir

      Delete
  2. neerajApril 9, 2016 at 7:46 PM

    Abhishek sir, why aren't you giving analysis these days? Are you waiting for some level or what?
    We are waiting sir.

    ReplyDelete
    Replies
    1. Abhishek SaddiApril 9, 2016 at 11:44 PM

      Neeraj: I only post an update to my analysis when the levels start getting achieved.....it totally depends on how market is behaving....if feel it is required to post update to my analysis.....i do it....so as of now 7680-7625-7580-7540 levels were mentioned in my earlier posts of 1st and 6th April, as they got achieved i mentioned the next set of levels...post 7540 its 7480-7420-7380.......when they would be achieved i would post the next levels.

      Delete
  3. neerajApril 9, 2016 at 7:49 PM

    7360 on 6th april??? 😯😯

    ReplyDelete
    Replies
    1. Abhishek SaddiApril 9, 2016 at 11:41 PM

      Neeraj: 7360 was a typo error...please read it as 7630

      Delete
  4. neerajApril 11, 2016 at 10:50 AM

    Sir now it seems difficult even 7400 will come in april, what's ur view sir. I am hit even harder today.

    ReplyDelete
    Replies
    1. Abhishek SaddiApril 17, 2016 at 1:56 AM

      Neeraj: Would be posting my analysis on the last week's move and upcoming analysis on NIFTY by today day end.

      Delete
  5. neerajApril 11, 2016 at 10:50 AM

    Sir now it seems difficult even 7400 will come in april, what's ur view sir. I am hit even harder today.

    ReplyDelete
  6. SaharshApril 14, 2016 at 5:50 AM

    Hi Abhishek...what's your view on nifty now...am anxiously waiting for your blog comments. Pls share your insights for coming week beginning 18 Apri . Thanks.

    ReplyDelete
    Replies
    1. Abhishek SaddiApril 17, 2016 at 1:57 AM

      Saharsh Daga: Would be posting my analysis on the last week's move and upcoming analysis on NIFTY by today day end.

      Delete
  7. SaharshApril 14, 2016 at 5:53 AM

    Hi Abhishek...what's your view on nifty now...am anxiously waiting for your blog comments. Pls share your insights for coming week beginning 18 Apri . Thanks.

    ReplyDelete
  8. ARUN VIJAYANApril 14, 2016 at 9:31 PM

    Abhishek sir, holding 8000 puts for May at 220. Looking forward for your views for rest of April and May. Thanks, Arun

    ReplyDelete
    Replies
    1. Abhishek SaddiApril 17, 2016 at 1:57 AM

      ARUN VIJAYAN: Would be posting my analysis on the last week's move and upcoming analysis on NIFTY by today day end.

      Delete
  9. ARUN VIJAYANApril 14, 2016 at 9:32 PM

    Abhishek sir, holding 8000 puts for May at 220. Looking forward for your views for rest of April and May. Thanks, Arun

    ReplyDelete
  10. neerajApril 15, 2016 at 9:16 AM

    Abhishek sir nifty has run 180 points more than your upper limit, what's next is in stores of market. Shall we turn bullish?

    ReplyDelete
    Replies
    1. Abhishek SaddiApril 17, 2016 at 1:57 AM

      Neeraj: Would be posting my analysis on the last week's move and upcoming analysis on NIFTY by today day end.

      Delete
  11. manojApril 16, 2016 at 9:09 PM

    Now nifty at 7850 do you still see downside or invalidated

    ReplyDelete
    Replies
    1. Abhishek SaddiApril 17, 2016 at 1:58 AM

      Manoj: Would be posting my analysis on the last week's move and upcoming analysis on NIFTY by today day end.

      Delete
  12. manojApril 16, 2016 at 9:09 PM

    Now nifty at 7850 do you still see downside or invalidated

    ReplyDelete
  13. ajayApril 17, 2016 at 10:08 AM

    There was no chance of 7360 in this month.

    ReplyDelete
    Replies
    1. Abhishek SaddiApril 17, 2016 at 8:56 PM

      Ajay: I have already replied to another person, mentioned 7360 was a typo error,please read it as 7630.

      Delete
  14. ajayApril 17, 2016 at 10:57 PM

    OK Abhishek. Thanks

    ReplyDelete

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