NIFTY SPOT: 7486.15 :- EQUITY RESEARCH LAB

NIFTY TIPS :- 

Nifty Future R1: 7566 R2:7648 R3: 7714

Pivot: 7500 S1: 7418 S2:7352 S3:7270

CHART INTERPRETATION :-

Nifty spot close at 7486.15 on Thursday. Nifty spot reached the level of 7500 and showing consolidation at that point, 100-150 point downfalls from this level may be seen. Above the 7700 Fresh buying may be add in nifty.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE:-

Nifty future closed at 7483.70 on Thursday. The market erased all its previous day's gains Thursday on profit booking in banks, FMCG, technology and infra stocks. Global peers were mixed in trade ahead of European Central Bank meeting outcome due later today.

INTRADAY STRATIGY:-

 Buy Nifty above 7500 for the tgt of 7550-7600 with the sl of 7430 .

CORPORATE NEWS :-

Car sales declined for a second straight month, posting a 4.21% dip in February. According to data released by the Society of Indian Automobile Manufacturers (SIAM), domestic passenger car sales stood at 1,64,469 units in February as against 1,71,703 units in the same month last year. The total two-wheeler sales in February rose 12.76 per cent to 13,62,219 units as against 12,08,084 in the year-ago period. Motorcycle sales last month jumped 11.05 per cent to 8,59,624 units, from 7,74,122 a year earlier.

Godrej Properties has launched phase 2 of its flagship residential project, The Trees at Vikhroli, Mumbai.

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NIFTY SPOT: 7485.30 :- EQUITY RESEARCH LAB

NIFTY TIPS

Nifty Future R1: 7495 R2: 7538 R3: 7579

Pivot: 7454 S1: 7411 S2:7370 S3:7327

CHART INTERPRETATION :-

Nifty spot close at 7485.30 on Tuesday. Nifty spot reached the level of 7500 and showing consolidation at that point, 100-150 point downfall from this level may be seen. Above the 7700 Fresh buying may be added in nifty.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE:-

Nifty future closed at 7452.65 on Tuesday. Nifty failed to hold level of 7500, it was a consolidation day after more than 6 percent last week.

INTRADAY STRATIGY:-

Sell Nifty above 7450 for the tgt of 7400-7350 with the sl of 7530 .

CORPORATE NEWS :-

Alkem Labs said one of its manufacturing plants in Gujarat has obtained establishment approval from US health regulator USFDA.

Nalco's plan to buy back up to Rs. 3,250 crore ($483 million) of government shares will be delayed to the next fiscal year because of procedural delays.

Strides Shasun’s arm Strides Pharma Inc entered a pact with Sweden-based Moberg Pharma to acquire its three brands for over USD 10 million (Rs 67 crore).

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NIFTY SPOT: 7475.60 :- EQUITY RESEARCH LAB

EQUITY TIPS :-

Nifty Future R1: 7485 R2: 7521 R3: 7581

Pivot: 7425 S1: 7389 S2:7329 S3:7293

CHART INTERPRETATION :-

Nifty spot close at 7475.60 on Thursday. Nifty made a bottom and showing reversal trend after declaration of 2016 budget which market took positive. Nifty spot may show the level of 7500 Soon.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE:-

 Nifty future closed at 7449.55 on Wednesday. Nifty ended at 1-month closing high. Hopes of an early interest rate reduction announcement by the RBI and strengthening Indian currency against the US Dollar was among the major factors for today's run-up. The sentiment also remained upbeat after the International Monetary Fund projected a robust growth rate of 7.3 per cent for the country this financial year, and moving up to 7.5 per cent next year.

INTRADAY STRATIGY:-

 Buy Nifty above 7450 for the tgt of 7500-7550 with the sl of 7370 .

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EQUITY RESEARCH LAB :- NIFTY STRATEGIES

EQUITY TIPS :- 

India VIX : 18.99 up by 0.32 pointsIndia VIX : 18.99 up by 0.32 points

Call OI : 46436175

Put OI : 48318450

PCR OI : 1.041

SMR : 18.25 (Bullish : OI table has turned green with major support at 7000, upside resistance of note starts only from 7400, Buy all dips till 7240 is held...)

NS Day Range as per Option Table is 7246 - 7465 and as per VIX is 7296 - 7442 with 7352 as the Pivot.

NS reversal on a Close Below 7192 Strong Above 7225..

BNS Day Range as per Option Table is 14701 - 15344 and as per VIX is 14780 - 15405 with 14999 as the Pivot.

BNS reversal on a Close Below 14430 Strong Above 14526...

Call OI : 46436175

Put OI : 48318450

PCR OI : 1.041

SMR : 18.25 (Bullish : OI table has turned green with major support at 7000, upside resistance of note starts only from 7400, Buy all dips till 7240 is held...)

NS Day Range as per Option Table is 7246 - 7465 and as per VIX is 7296 - 7442 with 7352 as the Pivot.

NS reversal on a Close Below 7192 Strong Above 7225..

BNS Day Range as per Option Table is 14701 - 15344 and as per VIX is 14780 - 15405 with 14999 as the Pivot.

BNS reversal on a Close Below 14430 Strong Above 14526..

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NIFTY SPOT: 7368.85 :- EQUITY RESEARCH LAB

EQUITY TIPS :- 

Nifty Future R1: 7386 R2: 7412 R3: 7454

Pivot: 7344 S1: 7319 S2:7277 S3:7252

CHART INTERPRETATION :-

Nifty spot close at 7368.85 on Wednesday . Nifty made a bottom and showing reversal trend after declaration of 2016 budget which market took positive. Nifty spot may show the level of 7500 Soon.

Mechanical indicator stochastic RSI also showing positive trend.

INDEX OUTLOOK :-

NIFTY FUTURE: Nifty future closed at 7361.55 on Wednesday. The Indian equity market witnessed a fantastic follow up rally on Wednesday as Sensex and Nifty registered its biggest two day gain. The Nifty re-conquered the 7350 for the first time since February 8, 2016 while, Sensex continued its post-Budget rally for the second straight day and surged over 2% .Once again the interest rate sensitives like the banking and the auto stocks led the rally on hopes that the Reserve Bank of India is likely to announce reduction of interest rate.

INTRADAY STRATIGY: Buy Nifty above 7400 for the tgt of 7450-7500 with the sl of 7330 .

CORPORATE NEWS :-

SML Isuzu sales rose 2.95% to 1,010 vehicles in February 2016 over February 2015.

HCL Technologies won a 5-year next–generation IT outsourcing services contract from Husqvarna AB.

Mahindra & Mahindra dropped after company's management in a post-budget conference call said that the expiry of excise duty exemption on products manufactured from its Haridwar plant will affect Q4 margins.

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INDIAN RUPEE :- EQUITY RESEARCH LAB

EQUITY TIPS :-

The Indian rupee will likely open higher against the dollar on expectations of stronger shares as an uptick in U.S. manufacturing data signaled a recovery in the world’s largest economy, lifting risk appetite - NewsRise

Indian sovereign bonds will likely edge higher, tracking an expected rise in the rupee after the government kept its fiscal deficit target unchanged for the next fiscal year, fuelling hopes that the central bank would soon reduce interest rates. The yield on the benchmark 7.59 pct bond maturing in 2026 is likely to trade in a 7.58 pct-7.64 pct range today - NewsRise

Wall Street enjoyed its strongest session in a month on Tuesday, led by financial and technology stocks after encouraging U.S. factory and construction data suggested the world's biggest economy was regaining momentum.

Asian shares look set to test February highs as signs of recovery in the U.S. manufacturing sector and gains in oil prices eased worries about a global slowdown and pushed U.S. stocks sharply higher.

The yen nursed broad losses early in Asia, having suffered a big reversal overnight as traders in London and New York took a brighter view on the global economy and dumped the safe-haven Japanese currency.

U.S. Treasury yields rose to near two-week highs on Tuesday after data showed U.S. manufacturing activity rebounded in February in a sign of economic resilience that weakened investor demand for safe-haven government debt.

Oil prices dropped in the wake of industry data that showed a huge build in U.S. crude stockpiles.

Gold dipped for a second session as global equities and the dollar rose after strong U.S. manufacturing data that rekindled speculation of a Federal Reserve interest rate hike this year.

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EQUITY TIPS :-

Nifty Future R1: 7146 R2: 7284 R3: 7441

Pivot: 6990 S1: 6852 S2:6695 S3: 6558

CHART INTERPRETATION :-

Nifty spot close at 6987.05 on Monday . Technical and fundamental of the market is weaknifty break the level of 7000 Soon, but from that level nifty spot may be show reversal and taste new level of 6900-6750.

Mechanical indicator stochastic RSI also showing bearish trend.

INDEX OUTLOOK :-

NIFTY FUTURE:-

Nifty future closed at 7008.95 on Monday. The stock market in India fell almost by half a percent on Monday amid a day of wild gyrations. Nifty and Nifty Bank index hit fresh 52- week low as the Budget was being announced. Market participants seemed disappointed
with the announcements which saw Nifty breached past its previous low of 6869.Banking stocks plunged after the finance minister proposed a lower-than-expected Rs 25,000 crore to be provided for recapitalisation of public sector banks.

INTRADAY STRATIGY:-

Sell Nifty Below the 6950 for the tgt of 6900-6850 with the sl of 7010 .

CORPORATE NEW :-

Finance Minister Arun Jaitley presented his third Budget, wherein; he stressed on Indian economy's resilience amidst the current global economic turmoil. Government has given 3.5% fiscal deficit target Inspite of global and domestic headwinds. This depicts the government is optimistic on the domestic economic condition. Another positive is that the Finance Minister has not hiked the service tax. But GST is being fully ignored here, which is not so impressive. STT on options is to be raised to 0.05% from 0.017%.

Relief to small tax payers: The government raises the ceiling of tax rebate under section 87A from Rs 2000 to Rs 5000 to lessen tax burden on individuals with income up to Rs 5 lakhs. Increase the limit of deduction of rent paid under section 80GG from Rs 24000 per annum to Rs 60000, to provide relief to those who live in rented houses.

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