EQUITY TIPS :-
Nifty Future R1: 7011 R2: 7055 R3: 7080
Pivot: 6986 S1: 6943 S2:6917 S3: 6874
CHART INTERPRETATION :-
Nifty spot close at 6970.60 on Thursday . Technical and fundamental of the market is weak nifty break the level of 7000 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 6968.50 on Thursday. The Indian stock market fell for the third straight day after the Rail Budget 2016 failed to boost market sentiments. Selling pressure during F&O expiry saw the Nifty close at fresh 52-week low. The decline was led by the power, realty, capital goods, banking and utilities stocks.
INTRADAY STRATIGY:-
Sell Nifty below the 6960 for the tgt of 6900-6850 with the sl of 7030 .
CORPORATE NEWS :-
Railway Budget: The Union Railway Budget 2016-17 focused on capacity creation in the rail sector, with an increased outlay of about Rs. 1.21 lakh crore, and on completion of the ongoing projects rather than announcing new ones. Extending 2015's measure, passenger fares remain the same. Mr. Suresh Prabhu's announcements included India's first rail auto hub, boost to e-catering, connectivity to North-East and Wi-Fi in railway stations.
Coal India rose 1.7% to Rs 300 after railway minister Suresh Prabhu in the Railway Budget 2016-17, kept freight rates unchanged and also announced review of tariff policy.
Reliance Capital said its board approved the transfer of its commercial finance division into a separate wholly-owned subsidiary.
If you want to more information regarding the Nifty spot & many other like Equity tips,commodity tips,stock cash tips etc call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7011 R2: 7055 R3: 7080
Pivot: 6986 S1: 6943 S2:6917 S3: 6874
CHART INTERPRETATION :-
Nifty spot close at 6970.60 on Thursday . Technical and fundamental of the market is weak nifty break the level of 7000 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 6968.50 on Thursday. The Indian stock market fell for the third straight day after the Rail Budget 2016 failed to boost market sentiments. Selling pressure during F&O expiry saw the Nifty close at fresh 52-week low. The decline was led by the power, realty, capital goods, banking and utilities stocks.
INTRADAY STRATIGY:-
Sell Nifty below the 6960 for the tgt of 6900-6850 with the sl of 7030 .
CORPORATE NEWS :-
Railway Budget: The Union Railway Budget 2016-17 focused on capacity creation in the rail sector, with an increased outlay of about Rs. 1.21 lakh crore, and on completion of the ongoing projects rather than announcing new ones. Extending 2015's measure, passenger fares remain the same. Mr. Suresh Prabhu's announcements included India's first rail auto hub, boost to e-catering, connectivity to North-East and Wi-Fi in railway stations.
Coal India rose 1.7% to Rs 300 after railway minister Suresh Prabhu in the Railway Budget 2016-17, kept freight rates unchanged and also announced review of tariff policy.
Reliance Capital said its board approved the transfer of its commercial finance division into a separate wholly-owned subsidiary.
If you want to more information regarding the Nifty spot & many other like Equity tips,commodity tips,stock cash tips etc call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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