EQUITY TIPS :-
Nifty Future R1: 7261 R2: 7283 R3: 7308
Pivot: 7236 S1: 7215 S2:7189 S3: 7168
CHART INTERPRETATION :-
Nifty spot close at 7234.55 on Monday . Technical and fundamental of the market is weak So may be nifty reach the level of 7300 Soon, but from that level nifty spot may be show reversal and taste new level of 6900-6750.
Mechanical indicator stochastic RSI also showing bearish trend.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7240.70 on Monday. The market closed higher for fourth consecutive session on Monday, driven by oil & gas, Pharma, metals and select banks stocks. Positive global cues also supported Indian equities.
INTRADAY STRATIGY:-
Buy Nifty above the 7240 for the tgt of 7280-7320 with the sl of 7150 .
CORPORATE NEWS :-
Rashtriya Chemicals and Fertilizers rose 7.8% to Rs 43.40 on BSE on reports the company is likely to receive clearance for setting up a new urea plant in Maharashtra.
Shares of two footwear makers (Liberty shoes & Bata India) rose on BSE on reports the government is considering a package of tax incentives for the labour-intensive leather, gems and jewellery sectors in the forthcoming Union Budget 2016-17.
Rajesh Exports has won Rs. 840-crore export order from the UAE of designer range of gold and diamond-studded jewellery and medallions.
If you want to more infomation regarding the Nifty spot, stock cash tips,Equity tips,commodity tips & many other call @ 8109999233 or fill form http://www.equityresearchlab.com/Freetrial.php
Nifty Future R1: 7261 R2: 7283 R3: 7308
Pivot: 7236 S1: 7215 S2:7189 S3: 7168
CHART INTERPRETATION :-
Nifty spot close at 7234.55 on Monday . Technical and fundamental of the market is weak So may be nifty reach the level of 7300 Soon, but from that level nifty spot may be show reversal and taste new level of 6900-6750.
Mechanical indicator stochastic RSI also showing bearish trend.
NIFTY FUTURE:-
Nifty future closed at 7240.70 on Monday. The market closed higher for fourth consecutive session on Monday, driven by oil & gas, Pharma, metals and select banks stocks. Positive global cues also supported Indian equities.
INTRADAY STRATIGY:-
Buy Nifty above the 7240 for the tgt of 7280-7320 with the sl of 7150 .
CORPORATE NEWS :-
Rashtriya Chemicals and Fertilizers rose 7.8% to Rs 43.40 on BSE on reports the company is likely to receive clearance for setting up a new urea plant in Maharashtra.
Shares of two footwear makers (Liberty shoes & Bata India) rose on BSE on reports the government is considering a package of tax incentives for the labour-intensive leather, gems and jewellery sectors in the forthcoming Union Budget 2016-17.
Rajesh Exports has won Rs. 840-crore export order from the UAE of designer range of gold and diamond-studded jewellery and medallions.
If you want to more infomation regarding the Nifty spot, stock cash tips,Equity tips,commodity tips & many other call @ 8109999233 or fill form http://www.equityresearchlab.com/Freetrial.php
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