Stock cash tips :-
Nifty Future R1: 7944 R2:7982 R3: 8006
Pivot: 7920 S1: 7883 S2:7858 S3:7821
CHART INTERPRETATION :-
Nifty spot close at 7890.75 on Tuesday . 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 7907.60 on Tuesday . The markets will consolidate in the near-term till the British referendum decision which is slated for June 23. After that, the markets would show a path forward . If the monsoons are as good as promised then reaching Nifty levels of 8700-9000 by March, 2017 is possible. On the global front, European stocks traded higher pulled up by the miners amid a rally in oil prices and as sentiment was given a boost by Warren Buffett's investment in Apple. France's CAC, Germany's DAX and Britain's FTSE gained more than half a percent. Even most Asian markets were positive at close, with Hang Seng and Nikkei rising over a percent.
INTRADAY STRATIGY:- Buy Nifty future above 7910 for the tgt of 7950-8000 sl 7830.
CORPORATE NEWS :-
Motherson Sumi reported Revenue growth of 8% to Rs. 10068 cr on YoY basis. Net profit rose by 21.6% to Rs. 413.7 cr compared to Rs. 340 cr in a year ago period.
Symphony reported standalone Net sales growth of 10.3% to Rs. 137.15 cr compared to Rs. 124.37 cr in a year ago period. Net profit surged by 27.4% to Rs. 46.52 cr on YoY basis.
Education stocks rose on news that BJP government will bring new education policy by May 26. Educomp
Solution surged 19.14%, Everonn Education rose 19.56% and Career Point rose 3.67%.
If you want to more information regarding the Nifty spot & many other share market tips like Equity tips,Stock cash tips,Commodity tips and so on fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7944 R2:7982 R3: 8006
Pivot: 7920 S1: 7883 S2:7858 S3:7821
CHART INTERPRETATION :-
Nifty spot close at 7890.75 on Tuesday . 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 7907.60 on Tuesday . The markets will consolidate in the near-term till the British referendum decision which is slated for June 23. After that, the markets would show a path forward . If the monsoons are as good as promised then reaching Nifty levels of 8700-9000 by March, 2017 is possible. On the global front, European stocks traded higher pulled up by the miners amid a rally in oil prices and as sentiment was given a boost by Warren Buffett's investment in Apple. France's CAC, Germany's DAX and Britain's FTSE gained more than half a percent. Even most Asian markets were positive at close, with Hang Seng and Nikkei rising over a percent.
INTRADAY STRATIGY:- Buy Nifty future above 7910 for the tgt of 7950-8000 sl 7830.
CORPORATE NEWS :-
Motherson Sumi reported Revenue growth of 8% to Rs. 10068 cr on YoY basis. Net profit rose by 21.6% to Rs. 413.7 cr compared to Rs. 340 cr in a year ago period.
Symphony reported standalone Net sales growth of 10.3% to Rs. 137.15 cr compared to Rs. 124.37 cr in a year ago period. Net profit surged by 27.4% to Rs. 46.52 cr on YoY basis.
Education stocks rose on news that BJP government will bring new education policy by May 26. Educomp
Solution surged 19.14%, Everonn Education rose 19.56% and Career Point rose 3.67%.
If you want to more information regarding the Nifty spot & many other share market tips like Equity tips,Stock cash tips,Commodity tips and so on fill form http://equityresearchlab.com/Freetrial.php
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