NIFTY TIPS :-
Nifty Future R1: 7556 R2: 7594 R3: 7660
Pivot: 7491 S1: 7453 S2: 7387 S3: 7350
CHART INTERPRETATION :-
Nifty spot close at 7489.10 on Friday . nifty spot trade near 7500 , Bullish trend in nifty will be seen above 7500-7600. Nifty have support at 7250 . if nifty not maintain the level of 7200-7250 so next level of nifty 6900-7100 may be seen.
Mechanical indicator stochastic RSI move between 30- 70 range , Nifty spot may be taste the new level of 7700-7900.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7519.20 on Friday. buying interest from lower levels, bounce back in crude oil prices and hopes of passing GST Bill in the upcoming Union Budget session of Parliament supported the indices cut the losses to some extent.
INTRADAY STRATIGY:-
Buy Nifty below the 7500 for the tgt of 7550-7600 with the sl of 7430.
CORPORATE NEWS :-
Drug major Lupin today reported 11.92 per cent decline in consolidated net profit to Rs 529.75 crore for the third quarter ended December 31, hit by weak sales in the US. The company had posted a net profit of
Rs 601.45 crore in the same period of the previous fiscal.
As global crude prices reach a 11-year low, the Centre and state governments steadily increase excise duties and value-added tax, shoring up their revenues and keeping fuel prices high for retail consumers.
Although India imports more than 80% of its fuel requirement, which means declining global prices should, theoretically, have seen sharp declines in retail petrol and diesel prices, Indian consumers of petrol and diesel now pay about double the global rate.
Govt imposes minimum import price on steel product, In a move to protect the domestic steel producers, the government has imposed a minimum import price (MIP) on steel products.
If you want to more information regarding the Nifty spot,Equity tips,Stock cash tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7556 R2: 7594 R3: 7660
Pivot: 7491 S1: 7453 S2: 7387 S3: 7350
CHART INTERPRETATION :-
Nifty spot close at 7489.10 on Friday . nifty spot trade near 7500 , Bullish trend in nifty will be seen above 7500-7600. Nifty have support at 7250 . if nifty not maintain the level of 7200-7250 so next level of nifty 6900-7100 may be seen.
Mechanical indicator stochastic RSI move between 30- 70 range , Nifty spot may be taste the new level of 7700-7900.
NIFTY FUTURE:-
Nifty future closed at 7519.20 on Friday. buying interest from lower levels, bounce back in crude oil prices and hopes of passing GST Bill in the upcoming Union Budget session of Parliament supported the indices cut the losses to some extent.
INTRADAY STRATIGY:-
Buy Nifty below the 7500 for the tgt of 7550-7600 with the sl of 7430.
CORPORATE NEWS :-
Drug major Lupin today reported 11.92 per cent decline in consolidated net profit to Rs 529.75 crore for the third quarter ended December 31, hit by weak sales in the US. The company had posted a net profit of
Rs 601.45 crore in the same period of the previous fiscal.
As global crude prices reach a 11-year low, the Centre and state governments steadily increase excise duties and value-added tax, shoring up their revenues and keeping fuel prices high for retail consumers.
Although India imports more than 80% of its fuel requirement, which means declining global prices should, theoretically, have seen sharp declines in retail petrol and diesel prices, Indian consumers of petrol and diesel now pay about double the global rate.
Govt imposes minimum import price on steel product, In a move to protect the domestic steel producers, the government has imposed a minimum import price (MIP) on steel products.
If you want to more information regarding the Nifty spot,Equity tips,Stock cash tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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