Nifty Future R1: 7849 R2: 7890 R3: 7919
Pivot: 7829 S1: 7779 S2: 7750 S3: 7709
Chart Interpretation :-
Nifty spot break its first support of 7770 on Monday and made the low of 7742,below this level nifty will reach the second support of 7710.nifty also given the breakout below 61.80% according to Fibonacci.
Mechanical indicator stochastic also showing selling indication in nifty future.
Index Out look :-
NIFTY FUTURE: NSE Nifty fell for the fourth straight session on Monday as cigarette maker ITC declined over 6 % in its biggest fall in nine months due to worries about a “sin” tax, while oil producers fell after OPEC left output targets unchanged. Sensex closed 108 points down at 25,530.11, while Nifty closed 16.50 points down at 7765.40.
INTRADAY STRATIGY :-
Sell Nifty in the range of 7790-7770 for target of 7730-7690 stop loss: 7870.
Siemens has won a crucial order approximately worth Rs 377 crore from Indian Railways' Diesel Locomotive Works (DLW), Varanasi.
NIIT announced entering into a strategic partnership with HP for offering Post Graduate Certificate Program in software testing.
Godrej Properties announced that it has sold 300 apartments within one week at The Trees, its flagship project in Vikhroli, Mumbai.
ITC lost 7% on NSE, with the stock extending its intraday slide after a committee recommended sin/demerit rate at about 40% for tobacco and tobacco products.
If you want to more information regarding the nifty spot, nifty outlook, stock market news, stock tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Pivot: 7829 S1: 7779 S2: 7750 S3: 7709
Chart Interpretation :-
Nifty spot break its first support of 7770 on Monday and made the low of 7742,below this level nifty will reach the second support of 7710.nifty also given the breakout below 61.80% according to Fibonacci.
Mechanical indicator stochastic also showing selling indication in nifty future.
Index Out look :-
NIFTY FUTURE: NSE Nifty fell for the fourth straight session on Monday as cigarette maker ITC declined over 6 % in its biggest fall in nine months due to worries about a “sin” tax, while oil producers fell after OPEC left output targets unchanged. Sensex closed 108 points down at 25,530.11, while Nifty closed 16.50 points down at 7765.40.
INTRADAY STRATIGY :-
Sell Nifty in the range of 7790-7770 for target of 7730-7690 stop loss: 7870.
Siemens has won a crucial order approximately worth Rs 377 crore from Indian Railways' Diesel Locomotive Works (DLW), Varanasi.
NIIT announced entering into a strategic partnership with HP for offering Post Graduate Certificate Program in software testing.
Godrej Properties announced that it has sold 300 apartments within one week at The Trees, its flagship project in Vikhroli, Mumbai.
ITC lost 7% on NSE, with the stock extending its intraday slide after a committee recommended sin/demerit rate at about 40% for tobacco and tobacco products.
If you want to more information regarding the nifty spot, nifty outlook, stock market news, stock tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
The Sensex ended down 219.78 points or 0.9 percent at 25310.33 and the Nifty slipped 63.70 points or 0.8 percent at 7701.70.
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