Stock cash tips :-
Nifty Future R1: 7795 R2:7845 R3: 7874
Pivot: 7765 S1: 7715 S2:7686 S3:7636
CHART INTERPRETATION :-
Nifty spot close at 7731.05 on Monday . At higher side, important level 7800-7850. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 7700. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7700-7670. At lower side nifty support level may be in the range of 7750-7650.
Mechanical indicator stochastic RSI also showing consolidated trend.
INDEX OUTLOOK :-
NIFTY FUTURE: Nifty closed at 7744.85 on Monday . Nifty ending below 7750 amid volatility, tracking weakness in global peers, due to selling in technology, oil, pharma and select banking & financial stocks. The market remained choppy after rising 180 points on the Sensex in early trade. The market is keenly waiting for monsoon and June Fed meet as these events may decide trend in short-to-medium term.
INTRADAY STRATIGY:-
Buy Nifty future above 7750 for the tgt of 7800-7850 sl 7670.
CORPORATE NEWS :-
Britannia’s stock took a nosedive as the company announced its Quarterly results that turned out to be lower than the street estimates. The company reported Net profit growth of 13.7% at Rs. 190.2 cr while total revenue increased by 7.2% at Rs. 2211.4 cr on YoY basis.
Dish TV’s Net profit increased 14 fold at Rs. 482.8 cr due to a tax write back of Rs. 402.9 cr. Total income surged 9.5% to Rs. 799.3 cr. The company disappointed on operating margin growth and margin which were below estimates.
Shares of MCX (Multi Commodity Exchange of India) rallied by more than 6% as RBI allowed overseas investors to trade equity shares of MCX. Foreign shareholding in the bourse had fallen below the prescribed threshold limit, following which RBI took this step.
If you want to more information regarding Nifty spot,Nifty outlook & many other share market tips like Equity tips,stock cash tips,Commodity tips fill form http://equityresearchlab.com/Freetrial.php or contact no. 8370098846
Nifty Future R1: 7795 R2:7845 R3: 7874
Pivot: 7765 S1: 7715 S2:7686 S3:7636
CHART INTERPRETATION :-
Nifty spot close at 7731.05 on Monday . At higher side, important level 7800-7850. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 7700. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7700-7670. At lower side nifty support level may be in the range of 7750-7650.
Mechanical indicator stochastic RSI also showing consolidated trend.
NIFTY FUTURE: Nifty closed at 7744.85 on Monday . Nifty ending below 7750 amid volatility, tracking weakness in global peers, due to selling in technology, oil, pharma and select banking & financial stocks. The market remained choppy after rising 180 points on the Sensex in early trade. The market is keenly waiting for monsoon and June Fed meet as these events may decide trend in short-to-medium term.
INTRADAY STRATIGY:-
Buy Nifty future above 7750 for the tgt of 7800-7850 sl 7670.
CORPORATE NEWS :-
Britannia’s stock took a nosedive as the company announced its Quarterly results that turned out to be lower than the street estimates. The company reported Net profit growth of 13.7% at Rs. 190.2 cr while total revenue increased by 7.2% at Rs. 2211.4 cr on YoY basis.
Dish TV’s Net profit increased 14 fold at Rs. 482.8 cr due to a tax write back of Rs. 402.9 cr. Total income surged 9.5% to Rs. 799.3 cr. The company disappointed on operating margin growth and margin which were below estimates.
Shares of MCX (Multi Commodity Exchange of India) rallied by more than 6% as RBI allowed overseas investors to trade equity shares of MCX. Foreign shareholding in the bourse had fallen below the prescribed threshold limit, following which RBI took this step.
If you want to more information regarding Nifty spot,Nifty outlook & many other share market tips like Equity tips,stock cash tips,Commodity tips fill form http://equityresearchlab.com/Freetrial.php or contact no. 8370098846
Latest market update - ICICI Bank, HDFC, SBI, Tata Motors and Maruti are gainers while Cipla and Coal India are losers in the Sensex. For more real-time updates jon Epic Research.
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