NIFTY SPOT: 7848.85 EQUITY RESEARCH LAB

Stock cash tips :- 

Nifty Future R1: 7917 R2:7969 R3: 8029

Pivot: 7857 S1: 7806 S2:7746 S3:7694

CHART INTERPRETATION :-

Nifty spot close at 7848.85 on Wednesday . At higher side, important level 7920-8050. 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 7850. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7850-7800.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE :-

Nifty closed at 7865.85 on Wednesday . The new tax pact with Mauritius spooked markets. However, the deep cuts in prices encouraged value buying later on, especially as it dawned on the investors that better clarity on the tax pact augurs well from a long term perspective. But, falling European stocks as well as CPI-IIP figures scheduled for tomorrow, ensured that the day’s gains were capped.

INTRADAY STRATIGY :-

Buy Nifty future above 7900 for the tgt of 7950-8000 sl 7830.

CORPORATE NEWS :-

Kotak Mahindra Bank's net profit rose 31.99% to Rs 695.78 crore on 52.27% increase in total income to Rs 4947.32 crore in Q4 March 2016 over Q4 March 2015.

Indian Bank net profit fell 59.02% to Rs 84.49 crore on 2.34% increase in total income to Rs 4513.60 crore in Q4 March 2016 over Q4 March 2015.

Oriental Bank of Commerce reported a net profit of Rs 21.62 crore in Q4 March 2016 compared with the net loss of Rs 178.44 crore in Q4 March 2015.

If you want to more information regarding the Nifty spot & many other like Equity tips.stock cash tips,Nifty tips fill form http://equityresearchlab.com/Freetrial.php
Share:

No comments:

Post a Comment

Youtube

Popular Posts

Equity Research Lab only work for Interested clients who actually want profit and work with trust in stock market.

Followers

Labels

Recent Posts