Nifty Future R1: 7832 R2: 7875 R3: 7902
Pivot: 7806 S1: 7763 S2: 7737 S3: 7694
Chart Interpretation :-
Nifty spot close above at 7761.95 and give breakout in downtrend on Friday after the 4th days continuously
up-sided movement now nifty spot may be move between the level of 7700-7770 above this level fresh buying
can be seen.
Mechanical indicator stochastic and RSI also showing buying movement in nifty future.
Index Outlook :-
NIFTY FUTURE: Nifty snapped four-day winning streak on Friday on account of selling in front line blue chips stocks taking cues from global counterparts. Sensex closed 284.56 points down at 25,519.22, while Nifty settled 82.40 points down at 7,761.95. INTRADAY STRATIGY: Sell Nifty below the range of 7750 for target of 7700-7650 stop loss: 7790.
Corporate news :-
The Union Government will stick to its budgeted fiscal deficit target of 3.9 per cent of GDP for the fiscal year ending in March 2016 : Finance Ministry
The mid-year economic analysis has forecast a GDP growth of 7-7.5% this fiscal. This is however lower than the 8.1-8.5% growth projected in February in the Economic Survey.
M&M to launch new SUV named KUV 100 on Jan 15, 2016.
If you want to more information regarding the Equity tips & many other News related to nifty future call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Pivot: 7806 S1: 7763 S2: 7737 S3: 7694
Chart Interpretation :-
Nifty spot close above at 7761.95 and give breakout in downtrend on Friday after the 4th days continuously
up-sided movement now nifty spot may be move between the level of 7700-7770 above this level fresh buying
can be seen.
Mechanical indicator stochastic and RSI also showing buying movement in nifty future.
Index Outlook :-
NIFTY FUTURE: Nifty snapped four-day winning streak on Friday on account of selling in front line blue chips stocks taking cues from global counterparts. Sensex closed 284.56 points down at 25,519.22, while Nifty settled 82.40 points down at 7,761.95. INTRADAY STRATIGY: Sell Nifty below the range of 7750 for target of 7700-7650 stop loss: 7790.
The Union Government will stick to its budgeted fiscal deficit target of 3.9 per cent of GDP for the fiscal year ending in March 2016 : Finance Ministry
The mid-year economic analysis has forecast a GDP growth of 7-7.5% this fiscal. This is however lower than the 8.1-8.5% growth projected in February in the Economic Survey.
M&M to launch new SUV named KUV 100 on Jan 15, 2016.
If you want to more information regarding the Equity tips & many other News related to nifty future call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
http://equityresearchlab.com/Freetrial.php
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