Stock Cash tips :-
Nifty Future R1: 7958 R2:7988 R3: 8037
Pivot: 7909 S1: 7879 S2:7830 S3:7800
CHART INTERPRETATION :-
Nifty spot close at 7900.40 on Thursday . 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 7928.20 on Thursday . The optimism over better fourth quarter earnings coupled with the passage of the Bankruptcy bill helped the market to hold traction. Global cues remained mixed with European counters making mostly a positive start, while Asian markets ended mixed following a dismal day on Wall Street, while the dollar took a breather from this week’s rebound and crude oil gave back some of its recent gains.
INTRADAY STRATIGY: -
Buy Nifty future above 7900 for the tgt of 7950-8000 sl 7830.
CORPORATE NEWS :-
Dr Reddy's Laboratories' net profit fell 85.62% to Rs 74.60 crore on 2.47% decline in total income to Rs 3786.90 crore in Q4 March 2016 over Q4 March 2015.
Arvind Ltd, has reported a consolidated net profit of Rs. 110 crore compared with Rs. 97 crore in the corresponding quarter last year, showing 14% growth on year-on-year basis.
TVS Motor Company has introduced a special “Himalayan Highs'' edition of TVS Scooty Zest 110.
If you want to more information regarding the Nifty spot,& many other like Equity tips,Stock cash tips,Nifty tips many more fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7958 R2:7988 R3: 8037
Pivot: 7909 S1: 7879 S2:7830 S3:7800
CHART INTERPRETATION :-
Nifty spot close at 7900.40 on Thursday . 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 closed at 7928.20 on Thursday . The optimism over better fourth quarter earnings coupled with the passage of the Bankruptcy bill helped the market to hold traction. Global cues remained mixed with European counters making mostly a positive start, while Asian markets ended mixed following a dismal day on Wall Street, while the dollar took a breather from this week’s rebound and crude oil gave back some of its recent gains.
INTRADAY STRATIGY: -
Buy Nifty future above 7900 for the tgt of 7950-8000 sl 7830.
CORPORATE NEWS :-
Dr Reddy's Laboratories' net profit fell 85.62% to Rs 74.60 crore on 2.47% decline in total income to Rs 3786.90 crore in Q4 March 2016 over Q4 March 2015.
Arvind Ltd, has reported a consolidated net profit of Rs. 110 crore compared with Rs. 97 crore in the corresponding quarter last year, showing 14% growth on year-on-year basis.
TVS Motor Company has introduced a special “Himalayan Highs'' edition of TVS Scooty Zest 110.
If you want to more information regarding the Nifty spot,& many other like Equity tips,Stock cash tips,Nifty tips many more fill form http://equityresearchlab.com/Freetrial.php
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