Nifty Future R1: 7821 R2:7852 R3: 7894
Pivot: 7779 S1: 7748 S2:7706 S3:7675
CHART INTERPRETATION :-
Nifty spot close at 7758.80 on Monday . nifty spot trade between the range of 7550-7700 above that level, nifty may be touch the new level of 7800-7950 . Next major resistance for nifty may be 7950.
Mechanical indicator stochastic RSI also showing positive trend.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7790.75 on Monday. The market turned volatile after starting off trade on a strong note but it managed to regain strength in last hour of trade.
INTRADAY STRATIGY:-
Buy Nifty above 7760 for the tgt of 7800-7850 with the sl of 7690 .
CORPORATE NEWS :-
Mahindra & Mahindra announced the launch of its feature-rich, sporty sports utility vehicle NuvoSport with bold styling built on the same new generation platform as the Scorpio.
MBL Infrastructures has bagged road development projects worth Rs. 2,126 crore from NHAI in Uttarakhand and Uttar Pradesh.
Bajaj Auto sales have seen a major upswing, rising 22% in March to 3.06 lakh units from 2.5 lakh units in the same month of 2015.
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