Stock cash tips :-
Nifty Future R1: 7786 R2:7813 R3: 7856
Pivot: 7743 S1: 7717 S2:7674 S3:7647
CHART INTERPRETATION :-
Nifty spot close at 7733.45 on Friday . At higher side, immediate resistance near 7735-40. If Nifty future manages to move and stay above this resistance, nifty future will try to touch the next important resistance at 7780-7810.How ever, if Nifty future fails to move and stay above any of the given resistance levels, then again Nifty future will fall to lower levels.
At lower side, support near 7710, If Nifty future falls and stays below this important support, then the trend will become further weak and nifty future will fall to next lower supports at 7680-7660 levels.
Mechanical indicator stochastic RSI also showing positive trend.
INDEX OUTLOOK :-
NIFTY FUTURE :-
Nifty closed at 7760.25 on Friday . After almost hitting the 8000 levels recently, the Nifty seems to be struggling to come anywhere near for now. The sell-off for some days has been mostly triggered by a slide in global markets. Disappointing quarterly earnings announced by banking heavyweight ICICI Bank hit sentiment on the street. The coming week will see the market reacting to plethora of macro-economic numbers which includes April Import & Export data, April CPI YoY and March IIP YoY. Corporate results on the other hand will continue to pour in with companies like HUL, Asian Paints, Havells and Cadila announcing their earnings next week.
INTRADAY STRATIGY :-
Buy Nifty future above 7800 for the tgt of 7850- 7900 sl 7730.
CORPORATE NEWS :-
NIIT Technologies reported a consolidated net profit of Rs. 79 crore for the fourth quarter ended March 31, as compared to the loss of Rs. 17.5 crore in the corresponding period last year.
BHEL announced the commissioning of a 500-MW thermal unit in Jharkhand.
Havells India Ltd has launched integrated automation and control solutions for domestic, commercial and public segments.
For further details of Nifty spot & many other share market tips like Equity tips,stock cash tips,Commodity tips fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7786 R2:7813 R3: 7856
Pivot: 7743 S1: 7717 S2:7674 S3:7647
CHART INTERPRETATION :-
Nifty spot close at 7733.45 on Friday . At higher side, immediate resistance near 7735-40. If Nifty future manages to move and stay above this resistance, nifty future will try to touch the next important resistance at 7780-7810.How ever, if Nifty future fails to move and stay above any of the given resistance levels, then again Nifty future will fall to lower levels.
At lower side, support near 7710, If Nifty future falls and stays below this important support, then the trend will become further weak and nifty future will fall to next lower supports at 7680-7660 levels.
Mechanical indicator stochastic RSI also showing positive trend.
NIFTY FUTURE :-
Nifty closed at 7760.25 on Friday . After almost hitting the 8000 levels recently, the Nifty seems to be struggling to come anywhere near for now. The sell-off for some days has been mostly triggered by a slide in global markets. Disappointing quarterly earnings announced by banking heavyweight ICICI Bank hit sentiment on the street. The coming week will see the market reacting to plethora of macro-economic numbers which includes April Import & Export data, April CPI YoY and March IIP YoY. Corporate results on the other hand will continue to pour in with companies like HUL, Asian Paints, Havells and Cadila announcing their earnings next week.
INTRADAY STRATIGY :-
Buy Nifty future above 7800 for the tgt of 7850- 7900 sl 7730.
CORPORATE NEWS :-
NIIT Technologies reported a consolidated net profit of Rs. 79 crore for the fourth quarter ended March 31, as compared to the loss of Rs. 17.5 crore in the corresponding period last year.
BHEL announced the commissioning of a 500-MW thermal unit in Jharkhand.
Havells India Ltd has launched integrated automation and control solutions for domestic, commercial and public segments.
For further details of Nifty spot & many other share market tips like Equity tips,stock cash tips,Commodity tips fill form http://equityresearchlab.com/Freetrial.php
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