NIFTY SPOT: 8094.70
Nifty Future R1: 8140 R2:8176 R3: 8222
Pivot: 8094 S1: 8058 S2:8012 S3:7976
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| Nifty Tips |
- Nifty closed on at 8094.70 On Monday. Next logical targets for nifty would be 8050-8000 and breaching of 8000 would force nifty to see levels of 7900. whereas the 8150-8200 will act as very strong resistance levels, if once it go to 8200 then there will higher probability for nifty to touch 8225-8250 levels.
- Mechanical indicator stochastic RSI also showing consolidated trend.
NIFTY
FUTURE:- Finally, the Sensex ended with a gain of more five points at
26,403. Sensex opened at 26,348 touched an intra-day high of 26,494 and
low of 26,263. While Nifty closed with a gain of seven points at 8,095.
On the global front, Asian markets closed on a mixed note. The Shanghai
Composite index closed higher. Hong Kong’s Hang Seng index ended lower,
while Nikkei 225 jumped 1.4%. European markets were trading lower. The
FTSE 100 was trading down 1.3%. DAX and the CAC 40 were trading lower 2%
each. Mid-cap Index is trading up 0.68% at 11,389, whereas BSE
Small-cap Index is trading up 1.44% at 11,441. On the economy front,
Chief Economic Advisor Arvind Subramanian said that Brexit from the
European Union, was a sad development but India would not be affected by
it due to India’s solid macroeconomic.
INTRADAY STRATIGY:- Sell Nifty future above 8100 for the tgt of 8050-8000 sl 8170.
SECTORIAL INDICES
CORPORATE NEWS
- Indian Meteorological Department announced that the Monsoon rains are likely to end later than usual this year. This could see heavy rains towards the latter stages of the season and would help the farmers to recover from two straight droughts in the previous years.
- Shares of Bajaj Finserv went up by 4.25% after reports suggested that the company plans to buyout German Firm Allianz SE’s stake in its insurance firms – Bajaj Allianz Life Insurance and Bajaj Allianz General Insurance.
- Aban Offshore received a contract from ONGC for the deployment of its drillship Aban Abraham, for a period of 2 years. The shares of the company went up by 3.3%.
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