NIFTY SPOT: 7738.40 EQUITY RESEARCH LAB

STOCK CASH TIPS

Nifty Future R1: 7773 R2:7806 R3: 7833

Pivot: 7745 S1: 7712 S2:7685 S3:7652

CHART INTERPRETATION


Nifty spot close at 7738.40 on Thursday . 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 7740.20 on Thursday. Nifty ended F&O expiry session on a flat note Thursday but the March series was strong with more than 10 percent rally, majorly supported by foreign money.

INTRADAY STRATIGY:-

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

CORPORATE NEWS :-

Mahanagar Telephone Nigam said that the government approved compensation of Rs 458.04 crore to the company for surrendering spectrum.

Ahluwalia Contracts (India) secured orders aggregating to Rs 199.86 crore for construction of institutional building, including electrical, plumbing & firefighting services.

Natco Pharma’s board approved the sale of Save Mart Pharmacy Stores located in USA, which is a non-core business of the company.

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