EQUITY TIPS :-
Nifty Future R1: 7100 R2: 7181 R3: 7227
Pivot: 7054 S1: 6972 S2:6926 S3: 6845
CHART INTERPRETATION :-
Nifty spot close at 7018.70 on Wednesday . 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 7019.05 on Wednesday. Bears continued to control bulls as the Sensex crashed more than 300 points for second consecutive session on Wednesday. Fall in global markets on oil rout dampened sentiment again. Railway Budget and expiry of February derivative contracts will be closely watched on Thursday.
INTRADAY STRATIGY: Sell Nifty below the 7000 for the tgt of 6950-6900 with the sl of 7070 .
CORPORATE NEWS :-
GMR Infrastructure said that the International Arbitral Tribunal has ruled in favour of the company's subsidiary with regard to the operation of Ibrahim Nasir International Airport.
ITC lost 2.08% to Rs 287.70 with the stock extending recent slide triggered by concerns that the government may hike tax on all tobacco products in the upcoming Union Budget by upto 40%.
Punj Lloyd Ltd has bagged Rs. 308 crore order for the construction of luxury villas in Dubai, the UAE.
Glenmark Pharmaceuticals has received the final nod from the US health regulator for generic oral contraceptive norgestimate ethinyl estradiol tablets.
If you want to more information regarding the Nifty spot & many other like Equity tips,commodity tips,stock cash tips More call @8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7100 R2: 7181 R3: 7227
Pivot: 7054 S1: 6972 S2:6926 S3: 6845
CHART INTERPRETATION :-
Nifty spot close at 7018.70 on Wednesday . 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 7019.05 on Wednesday. Bears continued to control bulls as the Sensex crashed more than 300 points for second consecutive session on Wednesday. Fall in global markets on oil rout dampened sentiment again. Railway Budget and expiry of February derivative contracts will be closely watched on Thursday.
INTRADAY STRATIGY: Sell Nifty below the 7000 for the tgt of 6950-6900 with the sl of 7070 .
CORPORATE NEWS :-
GMR Infrastructure said that the International Arbitral Tribunal has ruled in favour of the company's subsidiary with regard to the operation of Ibrahim Nasir International Airport.
ITC lost 2.08% to Rs 287.70 with the stock extending recent slide triggered by concerns that the government may hike tax on all tobacco products in the upcoming Union Budget by upto 40%.
Punj Lloyd Ltd has bagged Rs. 308 crore order for the construction of luxury villas in Dubai, the UAE.
Glenmark Pharmaceuticals has received the final nod from the US health regulator for generic oral contraceptive norgestimate ethinyl estradiol tablets.
If you want to more information regarding the Nifty spot & many other like Equity tips,commodity tips,stock cash tips More call @8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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