NIFTY TIPS:-
Nifty Future R1: 7555 R2:7598 R3: 7652
Pivot: 7501 S1: 7458 S2:7404 S3:7361
CHART INTERPRETATION :-
Nifty spot close at 7510.20 on Friday . 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 add in nifty.
Mechanical indicator stochastic RSI also showing positive trend.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7512.20 on Friday. The market bounced back amid consolidation. On Friday, majorly supported by Europe and crude oil rally but the broader markets ended flat.
INTRADAY STRATIGY:-
Buy Nifty above 7530 for the tgt of 7570-7620 with the sl of 7450 .
CORPORATE NEWS :-
Ministry of Finance and the Reserve Bank of India (RBI) would be having a meeting on March 18, in order to decide the Government’s calendar for market borrowing, for the period of April-September.
The Real Estate (Regulation and Development) Bill was cleared by the Rajya Sabha. It will become an Act once the President of India ratifies it, which is expected to be a formality. This Act will lead to the creation of regulator for the real estate sector to protect the interest of buyers by providing a uniform regulatory environment. This will also ensure a level field for developers. The Act will improve buyer confidence and boost demand for residential real estate. The government is taking major steps to incentivize exploration of oil and gas in the country. These reformative steps are expected to boost country’s energy security by increasing domestic output and reduce dependence on imports.One of the biggest changes is the replacement of existing profit-sharing arrangement in hydrocarbon exploration, with a revenue-sharing formula. The government and private players have been spending a lot of time in courts over disputes regarding pricing and cost recovery and hopefully the formula will solve this aspect of the relationship.
If you want to more information regarding the Nifty spot,Equity tips,commodity tips,stock cash tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7555 R2:7598 R3: 7652
Pivot: 7501 S1: 7458 S2:7404 S3:7361
CHART INTERPRETATION :-
Nifty spot close at 7510.20 on Friday . 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 add in nifty.
Mechanical indicator stochastic RSI also showing positive trend.
NIFTY FUTURE:-
Nifty future closed at 7512.20 on Friday. The market bounced back amid consolidation. On Friday, majorly supported by Europe and crude oil rally but the broader markets ended flat.
INTRADAY STRATIGY:-
Buy Nifty above 7530 for the tgt of 7570-7620 with the sl of 7450 .
CORPORATE NEWS :-
Ministry of Finance and the Reserve Bank of India (RBI) would be having a meeting on March 18, in order to decide the Government’s calendar for market borrowing, for the period of April-September.
The Real Estate (Regulation and Development) Bill was cleared by the Rajya Sabha. It will become an Act once the President of India ratifies it, which is expected to be a formality. This Act will lead to the creation of regulator for the real estate sector to protect the interest of buyers by providing a uniform regulatory environment. This will also ensure a level field for developers. The Act will improve buyer confidence and boost demand for residential real estate. The government is taking major steps to incentivize exploration of oil and gas in the country. These reformative steps are expected to boost country’s energy security by increasing domestic output and reduce dependence on imports.One of the biggest changes is the replacement of existing profit-sharing arrangement in hydrocarbon exploration, with a revenue-sharing formula. The government and private players have been spending a lot of time in courts over disputes regarding pricing and cost recovery and hopefully the formula will solve this aspect of the relationship.
If you want to more information regarding the Nifty spot,Equity tips,commodity tips,stock cash tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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