Nifty Future R1: 7888 R2: 7912 R3: 7945
Pivot: 7855 S1: 7831 S2: 7798 S3: 7774
Chart Interpretation :-
Nifty spot close below at 7850 on Wednesday ,7900-7950 may be the next level of nifty spot.
Mechanical indicator stochastic and RSI also showing buying movement in nifty future.
Index Outlook :-
NIFTY FUTURE:-
Nifty hit their highest level in nearly three weeks on Wednesday in the absence of foreign selling
pressure ahead of year-end holidays and following overnight gains on Wall Street. Market sentiment also got a boost from India’s current account deficit (CAD) data, which dropped to 1.6 per cent of GDP
in the July-September quarter from 2.2 per cent reported for the same period a year ago.Sensex closed 259.65 points up at 25 850.30, while Nifty 50 index settled 79.85 points up at 7,865.95.
INTRA AY STRATIGY:-
Buy Nifty above the range of 7870 for target of 7920-7970 stop loss: 7790.
Corporate news :- Wipro has signed a definitive agreement to acquire Viteos Group for a purchase consideration of $130 million.
Natco Pharma said that along with its US partner, Allergan, the company has settled its pending litigation in the US with Celgene, regarding generic, Lenalidomide.
Kalpataru Power Transmission announced that it has secured new orders of approximately Rs 1395 crore.
If you want to more information regarding the Equity tips, stock tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Pivot: 7855 S1: 7831 S2: 7798 S3: 7774
Chart Interpretation :-
Nifty spot close below at 7850 on Wednesday ,7900-7950 may be the next level of nifty spot.
Mechanical indicator stochastic and RSI also showing buying movement in nifty future.
NIFTY FUTURE:-
Nifty hit their highest level in nearly three weeks on Wednesday in the absence of foreign selling
pressure ahead of year-end holidays and following overnight gains on Wall Street. Market sentiment also got a boost from India’s current account deficit (CAD) data, which dropped to 1.6 per cent of GDP
in the July-September quarter from 2.2 per cent reported for the same period a year ago.Sensex closed 259.65 points up at 25 850.30, while Nifty 50 index settled 79.85 points up at 7,865.95.
INTRA AY STRATIGY:-
Buy Nifty above the range of 7870 for target of 7920-7970 stop loss: 7790.
Corporate news :- Wipro has signed a definitive agreement to acquire Viteos Group for a purchase consideration of $130 million.
Natco Pharma said that along with its US partner, Allergan, the company has settled its pending litigation in the US with Celgene, regarding generic, Lenalidomide.
Kalpataru Power Transmission announced that it has secured new orders of approximately Rs 1395 crore.
If you want to more information regarding the Equity tips, stock tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Commodity tips and advices from Epic Research are very valuable for commodity trader to earn beneficially.
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