Nifty tips :-
Nifty Future R1: 8207 R2:8241 R3: 8301
Pivot: 8147 S1: 8112 S2:8052 S3: 8017
CHART INTERPRETATION :-
Nifty spot close at 8156.65 on Friday . At higher side, important level 7980-8000. 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. 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 8172.45 on Friday . Global markets had one of their best weeks in recent months as most indices ended firmly in the positive zone. New US single-family home sales surged to a more than eightyear high in April and prices hit a record high, offering further evidence of a pick-up in economic growth. Closer home, the Sensex notched smart gains of around 5 per cent for the week on strong buying in infrastructure, banks and other select stocks. L&T came out with stellar set of numbers which beat expectations. SBI results were also better. Signs of good monsoons and expectations of corporate profit growth rebounding in the coming quarters propelled markets to higher levels.
INTRADAY STRATIGY:-
Buy Nifty future above 8200 for the tgt of 8250-8300 sl 8130.
CORPORATE NEWS :-
Lupin gets clean EIR (Establishment Inspection Report) from US FDA for its Mandideep facility which means that the facility can operate freely. Earlier US FDA raised some observations on Lupin’s Mandideep facility which is significant contributor to its total revenue.
Foreign Direct Investment in India surged 16.5% to $2.46 billion in March against $2.11 billion in a year ago period. For the entire financial year 2015-16, FDI stood at $40 billion compared to $30.93 in FY15 as per DIPP (Department of Industrial Policy and Promotion).
SBI reported a 66.32% drop in net profit for Q4. The net profit stood at Rs. 1,260 crores compared to Rs. 3,742 cr in the same quarter last year. Gross NPAs increased by 140 basis points sequentially to 6.5% and Net NPA’s increased by 92 basis points to 3.81%. Whereas, the net interest income (NII) went up by 3.9% in the fourth quarter.
For further queries regarding Nifty spot & share market tips like Equity tips,Nifty tips,commodity tips fill form http://equityresearchlab.com/Freetrial.php or contact @ 8370098946
Nifty Future R1: 8207 R2:8241 R3: 8301
Pivot: 8147 S1: 8112 S2:8052 S3: 8017
CHART INTERPRETATION :-
Nifty spot close at 8156.65 on Friday . At higher side, important level 7980-8000. 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. 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 8172.45 on Friday . Global markets had one of their best weeks in recent months as most indices ended firmly in the positive zone. New US single-family home sales surged to a more than eightyear high in April and prices hit a record high, offering further evidence of a pick-up in economic growth. Closer home, the Sensex notched smart gains of around 5 per cent for the week on strong buying in infrastructure, banks and other select stocks. L&T came out with stellar set of numbers which beat expectations. SBI results were also better. Signs of good monsoons and expectations of corporate profit growth rebounding in the coming quarters propelled markets to higher levels.
INTRADAY STRATIGY:-
Buy Nifty future above 8200 for the tgt of 8250-8300 sl 8130.
CORPORATE NEWS :-
Lupin gets clean EIR (Establishment Inspection Report) from US FDA for its Mandideep facility which means that the facility can operate freely. Earlier US FDA raised some observations on Lupin’s Mandideep facility which is significant contributor to its total revenue.
Foreign Direct Investment in India surged 16.5% to $2.46 billion in March against $2.11 billion in a year ago period. For the entire financial year 2015-16, FDI stood at $40 billion compared to $30.93 in FY15 as per DIPP (Department of Industrial Policy and Promotion).
SBI reported a 66.32% drop in net profit for Q4. The net profit stood at Rs. 1,260 crores compared to Rs. 3,742 cr in the same quarter last year. Gross NPAs increased by 140 basis points sequentially to 6.5% and Net NPA’s increased by 92 basis points to 3.81%. Whereas, the net interest income (NII) went up by 3.9% in the fourth quarter.
For further queries regarding Nifty spot & share market tips like Equity tips,Nifty tips,commodity tips fill form http://equityresearchlab.com/Freetrial.php or contact @ 8370098946
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