NIFTY TIPS
Nifty Future R1: 7495 R2: 7538 R3: 7579
Pivot: 7454 S1: 7411 S2:7370 S3:7327
CHART INTERPRETATION :-
Nifty spot close at 7485.30 on Tuesday. Nifty spot reached the level of 7500 and showing consolidation at that point, 100-150 point downfall from this level may be seen. Above the 7700 Fresh buying may be added in nifty.
Mechanical indicator stochastic RSI also showing positive trend.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7452.65 on Tuesday. Nifty failed to hold level of 7500, it was a consolidation day after more than 6 percent last week.
INTRADAY STRATIGY:-
Sell Nifty above 7450 for the tgt of 7400-7350 with the sl of 7530 .
CORPORATE NEWS :-
Alkem Labs said one of its manufacturing plants in Gujarat has obtained establishment approval from US health regulator USFDA.
Nalco's plan to buy back up to Rs. 3,250 crore ($483 million) of government shares will be delayed to the next fiscal year because of procedural delays.
Strides Shasun’s arm Strides Pharma Inc entered a pact with Sweden-based Moberg Pharma to acquire its three brands for over USD 10 million (Rs 67 crore).
If you want to more information regarding the Nifty spot,equity tips,stock cash tips & many other call @ 8103333123 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7495 R2: 7538 R3: 7579
Pivot: 7454 S1: 7411 S2:7370 S3:7327
CHART INTERPRETATION :-
Nifty spot close at 7485.30 on Tuesday. Nifty spot reached the level of 7500 and showing consolidation at that point, 100-150 point downfall from this level may be seen. Above the 7700 Fresh buying may be added in nifty.
Mechanical indicator stochastic RSI also showing positive trend.
NIFTY FUTURE:-
Nifty future closed at 7452.65 on Tuesday. Nifty failed to hold level of 7500, it was a consolidation day after more than 6 percent last week.
INTRADAY STRATIGY:-
Sell Nifty above 7450 for the tgt of 7400-7350 with the sl of 7530 .
CORPORATE NEWS :-
Alkem Labs said one of its manufacturing plants in Gujarat has obtained establishment approval from US health regulator USFDA.
Nalco's plan to buy back up to Rs. 3,250 crore ($483 million) of government shares will be delayed to the next fiscal year because of procedural delays.
Strides Shasun’s arm Strides Pharma Inc entered a pact with Sweden-based Moberg Pharma to acquire its three brands for over USD 10 million (Rs 67 crore).
If you want to more information regarding the Nifty spot,equity tips,stock cash tips & many other call @ 8103333123 or fill form http://equityresearchlab.com/Freetrial.php
BUY NIFTY FUTURE AROUND 7540 TGT 7680/7800/8000 SL BELOW 7350.
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