EQUITY TIPS
Nifty Future R1: 7249 R2: 7286 R3: 7335
Pivot: 7200 S1: 7136 S2:7114 S3: 7077
CHART INTERPRETATION :-
Nifty spot close at 7210.75 on Friday. 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 7212.45 on Friday. Fridays have been good for the stock market in India in recent weeks; although it has not managed to live up to its previous week’s performance today; indices have just managed to end with minor gains. As Applied Materials helped lift the tech sector and offset a renewed drop in oil prices, with major indexes capping their best week of the year.
INTRADAY STRATIGY:-
Buy Nifty above the 7200 for the tgt of 7250-7300 with the sl of 7130 .
CORPORATE NEWS :-
Cadila Healthcare announced that it has received USFDA approval to market anti-bacterial Doxycycline capsules, USP, 50 mg, 75 mg, and 100 mg.
L&T said its construction arm won orders worth Rs 1,404 crore across various business verticals.
Suven Life Sciences has been granted a patent each by Australia and Canada for a drug used in the treatment of neuro-degenerative diseases.
If you want to more information regarding the Nifty spot & many other tips like Equity tips, commodity tips,stock cash tips,Stock future tips etc call @ 8109999333 or fill form http://www.equityresearchlab.com/Freetrial.php
Nifty Future R1: 7249 R2: 7286 R3: 7335
Pivot: 7200 S1: 7136 S2:7114 S3: 7077
CHART INTERPRETATION :-
Nifty spot close at 7210.75 on Friday. 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 7212.45 on Friday. Fridays have been good for the stock market in India in recent weeks; although it has not managed to live up to its previous week’s performance today; indices have just managed to end with minor gains. As Applied Materials helped lift the tech sector and offset a renewed drop in oil prices, with major indexes capping their best week of the year.
INTRADAY STRATIGY:-
Buy Nifty above the 7200 for the tgt of 7250-7300 with the sl of 7130 .
CORPORATE NEWS :-
Cadila Healthcare announced that it has received USFDA approval to market anti-bacterial Doxycycline capsules, USP, 50 mg, 75 mg, and 100 mg.
L&T said its construction arm won orders worth Rs 1,404 crore across various business verticals.
Suven Life Sciences has been granted a patent each by Australia and Canada for a drug used in the treatment of neuro-degenerative diseases.
If you want to more information regarding the Nifty spot & many other tips like Equity tips, commodity tips,stock cash tips,Stock future tips etc call @ 8109999333 or fill form http://www.equityresearchlab.com/Freetrial.php
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