Nifty tips :-
Nifty Future R1: 7778 R2:7797 R3: 7824
Pivot: 7750 S1: 7731 S2:7703 S3:7684
CHART INTERPRETATION :-
Nifty spot close at 7748.85 on Tuesday . At higher side, important level 7800-7850. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 7700.
Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7700-7670. At lower side nifty support level may be in the range of 7750-7650. Mechanical indicator stochastic RSI also showing consolidated trend.
INDEX OUTLOOK :-
NIFTY FUTURE :-
Nifty closed at 7759.30 on Tuesday . After a consolidation, equity benchmarks finally settled marginally higher by snapping three-day losing streak on Tuesday, driven by banking & financials and FMCG stocks. The market was also partly supported by positive European cues and better monsoon forecast.
INTRADAY STRATIGY: -
Buy Nifty future above 7760 for the tgt of 7800-7850 sl 7670.
CORPORATE NEWS :-
Britannia Industries, Jubilant Foodworks and Westlife development plunged 3-12% intraday on health concern issues as Centre for Science and Environment (CSE) claimed that bread contains cancer causing chemicals. All the companies said that they followed strict food safety standards in their operations.
Torrent Pharma posted consolidated Net profit at Rs. 357 cr compared to Rs. 130 cr in a year ago period. Total income stood at Rs. 1499 cr against Rs. 1154 cr on YoY basis.
VRL Logistics’ shares nosedived by almost 20% post quarterly results and announcement regarding promoter’s entry into the aviation sector.
The net profit for the quarter ending on March 31st 2016 stood at Rs 13.21 crores compared to Rs 19.36 crore in the corresponding quarter last year, indicationg a fall of 32.
Fo information regarding Nifty spot & many other share market tips like Equity tips,stock cash tips go through website http://equityresearchlab.com/Freetrial.php or contact 8370098946.
Nifty Future R1: 7778 R2:7797 R3: 7824
Pivot: 7750 S1: 7731 S2:7703 S3:7684
CHART INTERPRETATION :-
Nifty spot close at 7748.85 on Tuesday . At higher side, important level 7800-7850. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 7700.
Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7700-7670. At lower side nifty support level may be in the range of 7750-7650. Mechanical indicator stochastic RSI also showing consolidated trend.
INDEX OUTLOOK :-
Nifty closed at 7759.30 on Tuesday . After a consolidation, equity benchmarks finally settled marginally higher by snapping three-day losing streak on Tuesday, driven by banking & financials and FMCG stocks. The market was also partly supported by positive European cues and better monsoon forecast.
INTRADAY STRATIGY: -
Buy Nifty future above 7760 for the tgt of 7800-7850 sl 7670.
CORPORATE NEWS :-
Britannia Industries, Jubilant Foodworks and Westlife development plunged 3-12% intraday on health concern issues as Centre for Science and Environment (CSE) claimed that bread contains cancer causing chemicals. All the companies said that they followed strict food safety standards in their operations.
Torrent Pharma posted consolidated Net profit at Rs. 357 cr compared to Rs. 130 cr in a year ago period. Total income stood at Rs. 1499 cr against Rs. 1154 cr on YoY basis.
VRL Logistics’ shares nosedived by almost 20% post quarterly results and announcement regarding promoter’s entry into the aviation sector.
The net profit for the quarter ending on March 31st 2016 stood at Rs 13.21 crores compared to Rs 19.36 crore in the corresponding quarter last year, indicationg a fall of 32.
Fo information regarding Nifty spot & many other share market tips like Equity tips,stock cash tips go through website http://equityresearchlab.com/Freetrial.php or contact 8370098946.
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