EQUITY TIPS :-
Nifty Future R1: 7092 R2: 7130 R3: 7173
Pivot: 7049 S1: 7011 S2:6968 S3: 6930
CHART INTERPRETATION :-
Nifty spot close at 7029.55 on Friday . 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 7055.15 on Friday. Nifty ended down 6% for February series basis, after the fall of 6.5% in January expiry. Market wide rolls were at its two year low largely because of low rollover in Private Banks, Cement and Real Estate sector.
INTRADAY STRATIGY:-
Buy Nifty above the 7030 for the tgt of 7080-7130 with the sl of 6960 .
CORPORATE NEWS :-
The survey has expressed concern over approval of GST Bill being elusive so far and the disinvestment programme falling short of targets.
The survey points out that even as real growth has been accelerating, nominal growth has been falling. The survey cautions that if the world economy remains weak, India's growth will face considerable headwinds.
The survey states that the fiscal deficit target of 3.9% of GDP for the year 2015-16 seems achievable. CPI inflation seen around 4.5 to 5 per cent in 2016-17.
If yu want to more information regarding the NIFTY SPOT & many other tips like Stock cash tips, Equity tips,commodity tips,Stock future tips etc call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7092 R2: 7130 R3: 7173
Pivot: 7049 S1: 7011 S2:6968 S3: 6930
CHART INTERPRETATION :-
Nifty spot close at 7029.55 on Friday . 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 7055.15 on Friday. Nifty ended down 6% for February series basis, after the fall of 6.5% in January expiry. Market wide rolls were at its two year low largely because of low rollover in Private Banks, Cement and Real Estate sector.
INTRADAY STRATIGY:-
Buy Nifty above the 7030 for the tgt of 7080-7130 with the sl of 6960 .
CORPORATE NEWS :-
The survey has expressed concern over approval of GST Bill being elusive so far and the disinvestment programme falling short of targets.
The survey points out that even as real growth has been accelerating, nominal growth has been falling. The survey cautions that if the world economy remains weak, India's growth will face considerable headwinds.
The survey states that the fiscal deficit target of 3.9% of GDP for the year 2015-16 seems achievable. CPI inflation seen around 4.5 to 5 per cent in 2016-17.
If yu want to more information regarding the NIFTY SPOT & many other tips like Stock cash tips, Equity tips,commodity tips,Stock future tips etc call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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