Nifty Outlook Today 5-5-2015-- By Equity Research Lab

NIFTY SPOT: 8331.95 (+1.84%)                                             NIFTY FUT: 8381.40 (+1.67%)

The market was on fire fueled strongly by oil, FMCG and pharma stocks. The Sensex ended up 479.28 points or 1.8 percent at 27490.59 and the Nifty scaled the 8300-level. The 50-share Nifty index closed up 150.45 points or 1.8 % at 8331.95. ONGC was up 8 percent while Bajaj Auto, Cipla, M&M and BHEL were major gainers in the Sensex. Among the laggards were ICICI Bank, Axis Bank and Tata Motors with marginal losses.

Daily Nifty Levels (SPOT)                                                                                      Pivot: 8299.47

R1: 8378.48                                                                                                                S1: 8252.93

R2: 8425.02                                                                                                                S2: 8173.92
R3: 8504.03                                                                                                                S3: 8127.38

                                            

Daily Nifty Levels (FUT)                                                                                          Pivot: 8339.77

R1: 8429.33                                                                                                                 S1: 8291.83

R2: 8477.27                                                                                                                 S2: 8202.27

R3: 8566.83                                                                                                                 S3: 8154.33

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