NIFTY TIPS :-
Nifty Future R1: 7566 R2:7648 R3: 7714
Pivot: 7500 S1: 7418 S2:7352 S3:7270
CHART INTERPRETATION :-
Nifty spot close at 7486.15 on Thursday. Nifty spot reached the level of 7500 and showing consolidation at that point, 100-150 point downfalls from this level may be seen. Above the 7700 Fresh buying may be add in nifty.
Mechanical indicator stochastic RSI also showing positive trend.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7483.70 on Thursday. The market erased all its previous day's gains Thursday on profit booking in banks, FMCG, technology and infra stocks. Global peers were mixed in trade ahead of European Central Bank meeting outcome due later today.
INTRADAY STRATIGY:-
Buy Nifty above 7500 for the tgt of 7550-7600 with the sl of 7430 .
CORPORATE NEWS :-
Car sales declined for a second straight month, posting a 4.21% dip in February. According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger car sales stood at 1,64,469 units in February as against 1,71,703 units in the same month last year. The total two-wheeler sales in February rose 12.76 per cent to 13,62,219 units as against 12,08,084 in the year-ago period. Motorcycle sales last month jumped 11.05 per cent to 8,59,624 units, from 7,74,122 a year earlier.
Godrej Properties has launched phase 2 of its flagship residential project, The Trees at Vikhroli, Mumbai.
If you want to more information regarding the Nifty spot,equity tips,stock cash tips, commodity tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7566 R2:7648 R3: 7714
Pivot: 7500 S1: 7418 S2:7352 S3:7270
CHART INTERPRETATION :-
Nifty spot close at 7486.15 on Thursday. Nifty spot reached the level of 7500 and showing consolidation at that point, 100-150 point downfalls from this level may be seen. Above the 7700 Fresh buying may be add in nifty.
Mechanical indicator stochastic RSI also showing positive trend.
NIFTY FUTURE:-
Nifty future closed at 7483.70 on Thursday. The market erased all its previous day's gains Thursday on profit booking in banks, FMCG, technology and infra stocks. Global peers were mixed in trade ahead of European Central Bank meeting outcome due later today.
INTRADAY STRATIGY:-
Buy Nifty above 7500 for the tgt of 7550-7600 with the sl of 7430 .
CORPORATE NEWS :-
Car sales declined for a second straight month, posting a 4.21% dip in February. According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger car sales stood at 1,64,469 units in February as against 1,71,703 units in the same month last year. The total two-wheeler sales in February rose 12.76 per cent to 13,62,219 units as against 12,08,084 in the year-ago period. Motorcycle sales last month jumped 11.05 per cent to 8,59,624 units, from 7,74,122 a year earlier.
Godrej Properties has launched phase 2 of its flagship residential project, The Trees at Vikhroli, Mumbai.
If you want to more information regarding the Nifty spot,equity tips,stock cash tips, commodity tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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