Nifty tips :-
Nifty Future R1: 7366 R2: 7426 R3: 7492
Pivot: 7300 S1: 7240 S2: 7174 S3: 7114
Chart Interpretation :-
Nifty spot close at 7309.30on Wednesday . nifty spot have second support of 7200. Nifty may be take the support at this level otherwise nifty spot may be break the level of 7000 and trade below 6900-6750.
Mechanical indicator stochastic near to its overselling zone , 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 7306.95 with the loss of -118.25 (-1.59%). Falling rupee and
selling pressure in heavyweights such as Reliance Industries and State Bank of India further dampened the market sentiments.
INTRADAY STRATIGY:-
Sell Nifty below the 7200 for the tgt of 7150-7100 with the sl of 7270.
Cororate news:-
Axis Bank Q3 -Net profit at Rs 2,175 crore versus Rs 1,900 crore (YoY) -NII at Rs 4,162 crore versus Rs 3,589.6 crore (YoY) -Gross NPAs at 1.68 percent versus 1.38 percent (QoQ) -Net NPAs at 0.75 percent versus 0.48 percent (QoQ)
MMTC divests 10 percent equity stake in JV Indian Commodity Exchange for Rs 20 crore
Gati Q3 -Consolidated net profit at Rs 7.7 crore versus Rs 11.4 crore (YoY) -Consolidated total income at Rs 417.8 crore versus Rs 423.3 crore (YoY)
If you want to more information regarding the Nifty spot,Equity tips,Commodity tips, Stock future tips, Stock cash tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7366 R2: 7426 R3: 7492
Pivot: 7300 S1: 7240 S2: 7174 S3: 7114
Chart Interpretation :-
Nifty spot close at 7309.30on Wednesday . nifty spot have second support of 7200. Nifty may be take the support at this level otherwise nifty spot may be break the level of 7000 and trade below 6900-6750.
Mechanical indicator stochastic near to its overselling zone , 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 7306.95 with the loss of -118.25 (-1.59%). Falling rupee and
selling pressure in heavyweights such as Reliance Industries and State Bank of India further dampened the market sentiments.
INTRADAY STRATIGY:-
Sell Nifty below the 7200 for the tgt of 7150-7100 with the sl of 7270.
Cororate news:-
Axis Bank Q3 -Net profit at Rs 2,175 crore versus Rs 1,900 crore (YoY) -NII at Rs 4,162 crore versus Rs 3,589.6 crore (YoY) -Gross NPAs at 1.68 percent versus 1.38 percent (QoQ) -Net NPAs at 0.75 percent versus 0.48 percent (QoQ)
MMTC divests 10 percent equity stake in JV Indian Commodity Exchange for Rs 20 crore
Gati Q3 -Consolidated net profit at Rs 7.7 crore versus Rs 11.4 crore (YoY) -Consolidated total income at Rs 417.8 crore versus Rs 423.3 crore (YoY)
If you want to more information regarding the Nifty spot,Equity tips,Commodity tips, Stock future tips, Stock cash tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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