EQUITY TIPS :-
Nifty Future R1: 7485 R2: 7521 R3: 7581
Pivot: 7425 S1: 7389 S2:7329 S3:7293
CHART INTERPRETATION :-
Nifty spot close at 7475.60 on Thursday. 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 7449.55 on Wednesday. Nifty ended at 1-month closing high. Hopes of an early interest rate reduction announcement by the RBI and strengthening Indian currency against the US Dollar was among the major factors for today's run-up. The sentiment also remained upbeat after the International Monetary Fund projected a robust growth rate of 7.3 per cent for the country this financial year, and moving up to 7.5 per cent next year.
INTRADAY STRATIGY:-
Buy Nifty above 7450 for the tgt of 7500-7550 with the sl of 7370 .
If you want to more informatin regarding the Nifty spot,Equity tips,stock cash tips,commodity tips fill form http://www.equityresearchlab.com/Freetrial.php or call @ 8103333123
Nifty Future R1: 7485 R2: 7521 R3: 7581
Pivot: 7425 S1: 7389 S2:7329 S3:7293
CHART INTERPRETATION :-
Nifty spot close at 7475.60 on Thursday. 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 7449.55 on Wednesday. Nifty ended at 1-month closing high. Hopes of an early interest rate reduction announcement by the RBI and strengthening Indian currency against the US Dollar was among the major factors for today's run-up. The sentiment also remained upbeat after the International Monetary Fund projected a robust growth rate of 7.3 per cent for the country this financial year, and moving up to 7.5 per cent next year.
INTRADAY STRATIGY:-
Buy Nifty above 7450 for the tgt of 7500-7550 with the sl of 7370 .
If you want to more informatin regarding the Nifty spot,Equity tips,stock cash tips,commodity tips fill form http://www.equityresearchlab.com/Freetrial.php or call @ 8103333123
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