NIFTY TIPS
Nifty Future R1: 7643.30 R2: 7718.30 R3: 7761.65
Pivot: 7599.95 S1: 7524.95 S2: 7481.60 S3: 7406.60
Chart Interpretation :-
Nifty spot close at 7568.30 on Thursday. It may be show reversal short term trend from tomorrow ,7740 is
the major technical support which is also a 52-week low of nifty.
Mechanical indicator stochastic near to its overselling zone, while RSI is also negative poised.
Breakout of nifty spot below the 7740 may slide market towards 7400-7250 level.
Index Outlook :-
NIFTY FUTURE:-
Nifty fell for fourth consecutive day in a row on Thursday after China accelerated the depreciation of its currency( Yuan), sparking sharp falls in regional equity and currency markets.
INTRADAY STRATIGY:-
Buy Nifty above the range of 7550 for target of 7600-7650 stop loss: 7470.
Corporate News :-
BHEL has commissioned two substations in Afghanistan, expanding its footprint in the strife-torn nation.
Maruti Suzuki India launched top-end diesel variant of its compact sedan DZire with auto gear shift (AGS) technology, priced at Rs. 8.39 lakh (ex-showroom, Delhi).
Cairn India stock fell as much as 8.3%., the biggest single-day fall since August 24, 2015.
Tata Motors fell 5.7% on NSE. The China market crash has weighed on the stock as investors are worried the slowdown in China may hit Jaguar sales.
If you want to more information regarding the Nifty future, Equity tips, stock cash tips, Stock tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 7643.30 R2: 7718.30 R3: 7761.65
Pivot: 7599.95 S1: 7524.95 S2: 7481.60 S3: 7406.60
Chart Interpretation :-
Nifty spot close at 7568.30 on Thursday. It may be show reversal short term trend from tomorrow ,7740 is
the major technical support which is also a 52-week low of nifty.
Mechanical indicator stochastic near to its overselling zone, while RSI is also negative poised.
Breakout of nifty spot below the 7740 may slide market towards 7400-7250 level.
Index Outlook :-
NIFTY FUTURE:-
Nifty fell for fourth consecutive day in a row on Thursday after China accelerated the depreciation of its currency( Yuan), sparking sharp falls in regional equity and currency markets.
INTRADAY STRATIGY:-
Buy Nifty above the range of 7550 for target of 7600-7650 stop loss: 7470.
BHEL has commissioned two substations in Afghanistan, expanding its footprint in the strife-torn nation.
Maruti Suzuki India launched top-end diesel variant of its compact sedan DZire with auto gear shift (AGS) technology, priced at Rs. 8.39 lakh (ex-showroom, Delhi).
Cairn India stock fell as much as 8.3%., the biggest single-day fall since August 24, 2015.
Tata Motors fell 5.7% on NSE. The China market crash has weighed on the stock as investors are worried the slowdown in China may hit Jaguar sales.
If you want to more information regarding the Nifty future, Equity tips, stock cash tips, Stock tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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