NIFTY TIPS :-
Nifty Future R1: 7468 R2: 7505 R3: 7572
Pivot: 7401 S1: 7363 S2: 7297 S3: 7259
CHART INTERPRETATION :-
Nifty spot close at 7422.45 on Friday . nifty spot have second support of 7200. Nifty may be take the support at this level and reach the new level of 7700-7900 otherwise nifty spot may be break the level of 7000 and trade below 6900-6750.
Mechanical indicator stochastic RSI move above 30 range , if its give the breakout and nifty spot slip below the 7200 so next level of nifty may be 7000-6800.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7430.70 with the gain of 58.45 in this week. Continuous outflow Of money by foreign institutional investors, falling crude oil prices, dismal batch of Q3 earnings and soft rupee also dampened the market sentiments for the week .
INTRADAY STRATIGY:-
Buy Nifty above the 7430 for the tgt of 7480-7530 with the sl of 7360.
CORPORATE NEWS :-
L&T Finance Holdings consolidated net profit rose 16.71% at Rs 211.96 crore on 15.66% growth in total income to Rs 1864.02 crore in Q3 December 2015 over Q3 December 2014.
Biocon consolidated net profit rose 13.31% to Rs 103 crore on 9.89% growth in total income to Rs 856.10 crore in Q3 December 2015 over Q3 December 2014.
L&T’s construction division has secured a major order worth Rs 1213 crore from the Dedicated Freight Corridor Corporation of India.
If you want to more information regarding the Nifty future,stock cash tips, Equity tips,commodity tips, stock tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7468 R2: 7505 R3: 7572
Pivot: 7401 S1: 7363 S2: 7297 S3: 7259
CHART INTERPRETATION :-
Nifty spot close at 7422.45 on Friday . nifty spot have second support of 7200. Nifty may be take the support at this level and reach the new level of 7700-7900 otherwise nifty spot may be break the level of 7000 and trade below 6900-6750.
Mechanical indicator stochastic RSI move above 30 range , if its give the breakout and nifty spot slip below the 7200 so next level of nifty may be 7000-6800.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7430.70 with the gain of 58.45 in this week. Continuous outflow Of money by foreign institutional investors, falling crude oil prices, dismal batch of Q3 earnings and soft rupee also dampened the market sentiments for the week .
Buy Nifty above the 7430 for the tgt of 7480-7530 with the sl of 7360.
CORPORATE NEWS :-
L&T Finance Holdings consolidated net profit rose 16.71% at Rs 211.96 crore on 15.66% growth in total income to Rs 1864.02 crore in Q3 December 2015 over Q3 December 2014.
Biocon consolidated net profit rose 13.31% to Rs 103 crore on 9.89% growth in total income to Rs 856.10 crore in Q3 December 2015 over Q3 December 2014.
L&T’s construction division has secured a major order worth Rs 1213 crore from the Dedicated Freight Corridor Corporation of India.
If you want to more information regarding the Nifty future,stock cash tips, Equity tips,commodity tips, stock tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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