Stock cash tips :-
Nifty Future R1: 8009 R2:8027 R3: 8057
Pivot: 7979 S1: 7960 S2:7930 S3:7912
CHART INTERPRETATION :-
Nifty spot close at 7979.90 on Wednesday . In the morning nifty spot open down but trade above the range of 7900 .nifty spot showing recovery from the day low and made a high of 7997.95On Wednesday. nifty also trade above its 200 simple moving average . Technically nifty Spot, if manage the level of 7950-7980,So new level of 8100-8250 will be seen in nifty spot soon. At lower side support 7960-40. If Nifty future takes support near this level on intraday declines, nifty future will bounce back and move in upward direction. At higher side, immediately hurdle near 8000-8010. Further up moves towards 8050-70 is possible only if Nifty future manages to move and stay above this immediate hurdle.
Mechanical indicator stochastic RSI also showing positive trend.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty closed at 7990.35 on Wednesday . The market is still range bound with the Nifty eyes set on 8000-mark.Nifty was seen trading in a very narrow channel throughout the day’s session due to absence of fresh cues from both international and domestic markets.
INTRADAY STRATIGY:-
Buy Nifty above 7980 for the tgt of 8030- 8080 with the sl of 7920 .
CORPORATE NEWS :-
Biocon reported a 79.1% increase in net profit at Rs. 360.9 crore for the fourth quarter ended March on top of higher sales and exceptional income. The company had posted a net profit of Rs. 201.5 crore in the same period of the previous fiscal. Net sales rose to Rs. 970.3 crore, up 16.84%, from Rs. 830.4 crore a year ago.
Yes Bank’s net profit for the March quarter rose 27.43% due to higher net interest income and other income. Net profit for the quarter stood at Rs.702.11 crore as compared to Rs.550.99 crore a year ago.
If you want to more information regarding the Nifty spot & many other like equity tips,stock cash tips,commodity tips,Nifty tips etc fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 8009 R2:8027 R3: 8057
Pivot: 7979 S1: 7960 S2:7930 S3:7912
CHART INTERPRETATION :-
Nifty spot close at 7979.90 on Wednesday . In the morning nifty spot open down but trade above the range of 7900 .nifty spot showing recovery from the day low and made a high of 7997.95On Wednesday. nifty also trade above its 200 simple moving average . Technically nifty Spot, if manage the level of 7950-7980,So new level of 8100-8250 will be seen in nifty spot soon. At lower side support 7960-40. If Nifty future takes support near this level on intraday declines, nifty future will bounce back and move in upward direction. At higher side, immediately hurdle near 8000-8010. Further up moves towards 8050-70 is possible only if Nifty future manages to move and stay above this immediate hurdle.
Mechanical indicator stochastic RSI also showing positive trend.
NIFTY FUTURE:-
Nifty closed at 7990.35 on Wednesday . The market is still range bound with the Nifty eyes set on 8000-mark.Nifty was seen trading in a very narrow channel throughout the day’s session due to absence of fresh cues from both international and domestic markets.
INTRADAY STRATIGY:-
Buy Nifty above 7980 for the tgt of 8030- 8080 with the sl of 7920 .
CORPORATE NEWS :-
Biocon reported a 79.1% increase in net profit at Rs. 360.9 crore for the fourth quarter ended March on top of higher sales and exceptional income. The company had posted a net profit of Rs. 201.5 crore in the same period of the previous fiscal. Net sales rose to Rs. 970.3 crore, up 16.84%, from Rs. 830.4 crore a year ago.
Yes Bank’s net profit for the March quarter rose 27.43% due to higher net interest income and other income. Net profit for the quarter stood at Rs.702.11 crore as compared to Rs.550.99 crore a year ago.
If you want to more information regarding the Nifty spot & many other like equity tips,stock cash tips,commodity tips,Nifty tips etc fill form http://equityresearchlab.com/Freetrial.php
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