NIFTY TIPS :-
Nifty Future R1: 7613.10 R2: 7689.45 R3: 7774.10
Pivot: 7528.45 S1: 7452.10 S2: 7367.45 S3: 7291.10
Chart Interpretation :-
Nifty has taken trendline support at daily trendline which is placed at 7480.
Mechanical indicator RSI also showing selling movement while MACD is also negative poised.
Index Outlook :-
NIFTY FUTURE:-
The market witnessed a very volatile trade and closed in minor losses compared with the gap down opening. Huge sell-off was again seen above 7600 levels which kept Nifty under pressure. Nifty futures settled at a premium of 4 points. India VIX rose 1.4% to 18.6
INTRADAY STRATIGY:-
The Nifty is likely to open flat to positive on the back of strong global cues. It is likely to trade in the range of 7450-7570. Buy Nifty in the range of 7485-7495 for targets of 7525- 7545, stop loss: 7470
Corporate news :-
Infosys' consolidated net profit as per the IFRS rose 2% to Rs 3465 crore on 1.7% rise in revenue to Rs 15902 crore in Q3 December 2015 over Q2 September 2015. Infosys increased its full year revenue growth guidance in dollar terms and now expects its revenue to grow 8.9% to 9.3% in dollar terms for the year ending 31 March 2016. Everest Industries net profit jumped 142.1% to Rs 2.76 crore on 1.7% rise in net sales to Rs 278.89 crore in Q3 December 2015 over Q3 December 2014.
If you want to more information regarding the Equity tips,stock cash tips,Commodity tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7613.10 R2: 7689.45 R3: 7774.10
Pivot: 7528.45 S1: 7452.10 S2: 7367.45 S3: 7291.10
Chart Interpretation :-
Nifty has taken trendline support at daily trendline which is placed at 7480.
Mechanical indicator RSI also showing selling movement while MACD is also negative poised.
Index Outlook :-
NIFTY FUTURE:-
The market witnessed a very volatile trade and closed in minor losses compared with the gap down opening. Huge sell-off was again seen above 7600 levels which kept Nifty under pressure. Nifty futures settled at a premium of 4 points. India VIX rose 1.4% to 18.6
INTRADAY STRATIGY:-
The Nifty is likely to open flat to positive on the back of strong global cues. It is likely to trade in the range of 7450-7570. Buy Nifty in the range of 7485-7495 for targets of 7525- 7545, stop loss: 7470
Corporate news :-
Infosys' consolidated net profit as per the IFRS rose 2% to Rs 3465 crore on 1.7% rise in revenue to Rs 15902 crore in Q3 December 2015 over Q2 September 2015. Infosys increased its full year revenue growth guidance in dollar terms and now expects its revenue to grow 8.9% to 9.3% in dollar terms for the year ending 31 March 2016. Everest Industries net profit jumped 142.1% to Rs 2.76 crore on 1.7% rise in net sales to Rs 278.89 crore in Q3 December 2015 over Q3 December 2014.
If you want to more information regarding the Equity tips,stock cash tips,Commodity tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Epic Research gives traders some hint to understand the market conditions and trade accordingly.
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