EQUITY TIPS :-
Nifty Future R1: 7386 R2: 7412 R3: 7454
Pivot: 7344 S1: 7319 S2:7277 S3:7252
CHART INTERPRETATION :-
Nifty spot close at 7368.85 on Wednesday . Nifty made a bottom and showing reversal trend after declaration of 2016 budget which market took positive. Nifty spot may show the level of 7500 Soon.
Mechanical indicator stochastic RSI also showing positive trend.
INDEX OUTLOOK :-
NIFTY FUTURE: Nifty future closed at 7361.55 on Wednesday. The Indian equity market witnessed a fantastic follow up rally on Wednesday as Sensex and Nifty registered its biggest two day gain. The Nifty re-conquered the 7350 for the first time since February 8, 2016 while, Sensex continued its post-Budget rally for the second straight day and surged over 2% .Once again the interest rate sensitives like the banking and the auto stocks led the rally on hopes that the Reserve Bank of India is likely to announce reduction of interest rate.
INTRADAY STRATIGY: Buy Nifty above 7400 for the tgt of 7450-7500 with the sl of 7330 .
CORPORATE NEWS :-
SML Isuzu sales rose 2.95% to 1,010 vehicles in February 2016 over February 2015.
HCL Technologies won a 5-year next–generation IT outsourcing services contract from Husqvarna AB.
Mahindra & Mahindra dropped after company's management in a post-budget conference call said that the expiry of excise duty exemption on products manufactured from its Haridwar plant will affect Q4 margins.
If you want to more information regarding the Nifty spot, Equity tips,commodity tips,stock cash tips & many other call @ 8103333123 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7386 R2: 7412 R3: 7454
Pivot: 7344 S1: 7319 S2:7277 S3:7252
CHART INTERPRETATION :-
Nifty spot close at 7368.85 on Wednesday . Nifty made a bottom and showing reversal trend after declaration of 2016 budget which market took positive. Nifty spot may show the level of 7500 Soon.
Mechanical indicator stochastic RSI also showing positive trend.
NIFTY FUTURE: Nifty future closed at 7361.55 on Wednesday. The Indian equity market witnessed a fantastic follow up rally on Wednesday as Sensex and Nifty registered its biggest two day gain. The Nifty re-conquered the 7350 for the first time since February 8, 2016 while, Sensex continued its post-Budget rally for the second straight day and surged over 2% .Once again the interest rate sensitives like the banking and the auto stocks led the rally on hopes that the Reserve Bank of India is likely to announce reduction of interest rate.
INTRADAY STRATIGY: Buy Nifty above 7400 for the tgt of 7450-7500 with the sl of 7330 .
CORPORATE NEWS :-
SML Isuzu sales rose 2.95% to 1,010 vehicles in February 2016 over February 2015.
HCL Technologies won a 5-year next–generation IT outsourcing services contract from Husqvarna AB.
Mahindra & Mahindra dropped after company's management in a post-budget conference call said that the expiry of excise duty exemption on products manufactured from its Haridwar plant will affect Q4 margins.
If you want to more information regarding the Nifty spot, Equity tips,commodity tips,stock cash tips & many other call @ 8103333123 or fill form http://equityresearchlab.com/Freetrial.php
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