NIFTY TIPS :-
Nifty Future R1: 7597 R2: 7630 R3: 7653 Pivot: 7574 S1: 7541 S2: 7518 S3: 7486
CHART INTERPRETATION :-
Nifty spot close at 7555.95 on Monday . nifty spot trade above 7500 and also maintain the level of 7500. 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 70 range , market need to sustain above 7500 to move upward up to 7580-7700.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7565.35 on Monday. The market ended flat with negative bias ahead of RBI monetary policy review on Tuesday. The Nifty touched 7600 intraday but was seen struggling below the psychological level most of the time.
INTRADAY STRATIGY:-
Buy Nifty above the 7550 for the tgt of 7600-7550 with the sl of 7460.
Corporate news :-
The Nikkei India Manufacturing PMI, a composite monthly indicator of manufacturing performance, stood at 51.1
in January, up from 49.1 in December. The 50 mark separates growth from contraction.
M&M total auto sales rose 10% to 43,789 units in January 2016 over January 2015.
Maruti Suzuki's total sales slipped by 2.6% during January 2016 to 1,13,606 lakh units versus 1,16,606 units in the same month of 2015.
IPCA Laboratories Ltd said the US Food and Drug Administration issued it a warning letter outlining manufacturing quality lapses observed at three of its Indian factories.
If you want to more information regarding the nifty spot,equity tips,commodity tips,stock cash tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7597 R2: 7630 R3: 7653 Pivot: 7574 S1: 7541 S2: 7518 S3: 7486
CHART INTERPRETATION :-
Nifty spot close at 7555.95 on Monday . nifty spot trade above 7500 and also maintain the level of 7500. 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 70 range , market need to sustain above 7500 to move upward up to 7580-7700.
NIFTY FUTURE:-
Nifty future closed at 7565.35 on Monday. The market ended flat with negative bias ahead of RBI monetary policy review on Tuesday. The Nifty touched 7600 intraday but was seen struggling below the psychological level most of the time.
INTRADAY STRATIGY:-
Buy Nifty above the 7550 for the tgt of 7600-7550 with the sl of 7460.
Corporate news :-
The Nikkei India Manufacturing PMI, a composite monthly indicator of manufacturing performance, stood at 51.1
in January, up from 49.1 in December. The 50 mark separates growth from contraction.
M&M total auto sales rose 10% to 43,789 units in January 2016 over January 2015.
Maruti Suzuki's total sales slipped by 2.6% during January 2016 to 1,13,606 lakh units versus 1,16,606 units in the same month of 2015.
IPCA Laboratories Ltd said the US Food and Drug Administration issued it a warning letter outlining manufacturing quality lapses observed at three of its Indian factories.
If you want to more information regarding the nifty spot,equity tips,commodity tips,stock cash tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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