Stock Cash Tips
Nifty Future R1: 7614 R2:7664 R3: 7694
Pivot: 7584 S1: 7535 S2:7505 S3:7455
CHART INTERPRETATION :-
Nifty spot close at 7546.45 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 7565.05 on Thursday. Equity benchmarks hit three-week low on Thursday, falling nearly a percent led by heavyweights HDFC, ITC, Infosys and Larsen & Toubro. Weakness in European markets and oil prices also added fuel to the fire. Profit booking could be another reason for sell-off as foreign institutional started selling in April after buying of shares worth Rs 23,620 crore in March.
INTRADAY STRATIGY :-
Buy Nifty above 7650 for the tgt of 7700-7750 with the sl of 7570 .
CORPORATE NEWS :-
Bhel jumped on charts after the company has recorded the highest-ever commissioning of projects in its history and the highest order booking in the last five years in FY 2016.
KNR Constructions has in joint ventures, bagged orders worth Rs 983.69 crore.
If you want to more information regarding the nifty spot,Equity tips,commodity tips, & many other please fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7614 R2:7664 R3: 7694
Pivot: 7584 S1: 7535 S2:7505 S3:7455
CHART INTERPRETATION :-
Nifty spot close at 7546.45 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.
NIFTY FUTURE :-
Nifty future closed at 7565.05 on Thursday. Equity benchmarks hit three-week low on Thursday, falling nearly a percent led by heavyweights HDFC, ITC, Infosys and Larsen & Toubro. Weakness in European markets and oil prices also added fuel to the fire. Profit booking could be another reason for sell-off as foreign institutional started selling in April after buying of shares worth Rs 23,620 crore in March.
INTRADAY STRATIGY :-
Buy Nifty above 7650 for the tgt of 7700-7750 with the sl of 7570 .
CORPORATE NEWS :-
Bhel jumped on charts after the company has recorded the highest-ever commissioning of projects in its history and the highest order booking in the last five years in FY 2016.
KNR Constructions has in joint ventures, bagged orders worth Rs 983.69 crore.
If you want to more information regarding the nifty spot,Equity tips,commodity tips, & many other please fill form http://equityresearchlab.com/Freetrial.php
Technical analysis is required to understand the markets volatility. Epic Research research analysts have good technical analysis experts team for generating the best Nifty Futures Tips.
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