NIFTY SPOT: 7735.20 EQUITY RESEARCH LAB

STOCK CASH TIPS :- 

Nifty Future R1: 7776 R2:7811 R3: 7874

Pivot: 7713 S1: 7678 S2:7615 S3:7580

CHART INTERPRETATION :-

Nifty spot close at 7735.20on Wednesday. nifty spot trade between the range of 7550-7700 above that level, nifty may be touch the new level of 7800-7950 . Next major resistance for nifty may be 7950.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE:-

Nifty future closed at 7741.00 on Wednesday. After being under pressure in the past few trading sessions, Indian equity market made a smart comeback on Wednesday almost wiping out past two days' losses. Sentiment got a boost world-wide after US Federal Reserve Chairperson Janet Yellen persisted with a dovish tone on monetary policy. Interest rate sensitives like banking, realty and auto led the rally on hopes that the Reserve Bank of India would reduce interest rates in the upcoming policy meet to be held on April 5, 2016.

INTRADAY STRATIGY:-


Buy Nifty above 7750 for the tgt of 7800-7850 with the sl of 7680 .

CORPORATE NEWS :_

BHEL has commissioned first 250 MW unit at coal-based Nabinagar thermal power plant of Bhartiya Rail Bijlee Company Ltd in Aurangabad district of Bihar.

Suzlon has bagged a turnkey order of 48.30 MW wind power project located in the districts of Jaisalmer and Jodhpur in Rajasthan from Indian Oil Corporation Limited., the project is scheduled for completion by March 2017.

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1 comment:

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