Stock cash tips :-
Nifty Future R1: 7933 R2:7988 R3: 8049
Pivot: 7872 S1: 7818 S2:7756 S3:7702
CHART INTERPRETATION :-
Nifty spot close at 7870.15 on Wednesday . At higher side, important level 7920-8050. 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 7850. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7850-7800.
Mechanical indicator stochastic RSI also showing positive trend.
INDEX OUTLOOK :-
NIFTY FUTURE :-
Nifty closed at 7879.30 on Wednesday . After two consecutive weeks of gains, the Indian equity market shut with modest losses on Wednesday amid a sharp late recovery. Weak global cues dragged the Indian indices to open with a negative gap down. However, the day progressed; benchmarks staged a smart recovery led by gains in the realty, metals and capital goods stocks. The auto, power, utilities and consumer durables stocks ended with losses.
INTRADAY STRATIGY:-
Buy Nifty future above 7900 for the tgt of 7950-8000 sl 7830.
CORPORATE NEWS :-
PNB posted Net loss at Rs. 5367.14 cr against profit of Rs. 306.56 cr in a year ago period. Net interest income plunged 27% to Rs. 2767.7 cr while other income increased sharply by 35.8% to Rs. 2452.1 cr. Provisions almost tripled to Rs. 10485.23 cr compared to Rs. 3775.53 cr in the previous quarter
JSW Steel reported consolidated Net profit at Rs. 171.25 cr against Rs. 62.38 cr on YoY basis. Revenue declined 15% to Rs. 10697.52 cr against Rs. 12599.7 cr in previous year’s same quarter.
Maruti Suzuki share price recovered from day’s low when the management said that the company has complied with Indian law for car tests.
If you want to more information regarding the Nifty spot & many share market tips like Equity tips,stock cash tips,Nifty tips many more fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7933 R2:7988 R3: 8049
Pivot: 7872 S1: 7818 S2:7756 S3:7702
CHART INTERPRETATION :-
Nifty spot close at 7870.15 on Wednesday . At higher side, important level 7920-8050. 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 7850. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 7850-7800.
Mechanical indicator stochastic RSI also showing positive trend.
NIFTY FUTURE :-
Nifty closed at 7879.30 on Wednesday . After two consecutive weeks of gains, the Indian equity market shut with modest losses on Wednesday amid a sharp late recovery. Weak global cues dragged the Indian indices to open with a negative gap down. However, the day progressed; benchmarks staged a smart recovery led by gains in the realty, metals and capital goods stocks. The auto, power, utilities and consumer durables stocks ended with losses.
INTRADAY STRATIGY:-
Buy Nifty future above 7900 for the tgt of 7950-8000 sl 7830.
CORPORATE NEWS :-
PNB posted Net loss at Rs. 5367.14 cr against profit of Rs. 306.56 cr in a year ago period. Net interest income plunged 27% to Rs. 2767.7 cr while other income increased sharply by 35.8% to Rs. 2452.1 cr. Provisions almost tripled to Rs. 10485.23 cr compared to Rs. 3775.53 cr in the previous quarter
JSW Steel reported consolidated Net profit at Rs. 171.25 cr against Rs. 62.38 cr on YoY basis. Revenue declined 15% to Rs. 10697.52 cr against Rs. 12599.7 cr in previous year’s same quarter.
Maruti Suzuki share price recovered from day’s low when the management said that the company has complied with Indian law for car tests.
If you want to more information regarding the Nifty spot & many share market tips like Equity tips,stock cash tips,Nifty tips many more fill form http://equityresearchlab.com/Freetrial.php
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