NIFTY SPOT: 8127.85
Nifty Future R1:8168 R2:8200 R3: 8242
Pivot:8126 S1: 8094 S2:8052 S3:8020
 |
| STOCK CASH TIPS |
CHART INTERPRETATION
- Nifty closed on at 8127.85 On Tuesday. Next logical targets for nifty would be 8130-8180 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.
INDEX OUTLOOK
NIFTY FUTURE: The Indian stock market showed signs of resilience for second consecutive trading session on Tuesday as benchmarks surged higher. Nifty surpassed the 8100 mark while the BSE Sensex ended above the 26, 500 mark. Sentiment got a fillip as European indices too staged a strong recovery ahead of the commencement of a two-day European Council meet. The smart upswing was led by telecom, FMCG, metal, realty, power and oil & gas stocks. Even, mid-cap and Smallcap stocks participated in the rally. On the other hand, IT and consumer durables were among the major losers. Meanwhile, finance ministry announced that it initiated the process of constituting a monetary policy committee (MPC), bringing into force the relevant amendments in the Reserve Bank of India Act from Monday.
INTRADAY STRATIGY: Buy Nifty future above 8150 for the tgt of 8200-8250 sl 8080.
SECTORIAL INDICES
CORPORATE NEWS
- Shares of Gujarat Gas gained by 6.6% after the gas regulator, Petroleum and Natural Gas Regulatory Board (PNGRB) granted the company permission to setup its operations in Ahmedabad.
- Tata Communications’ South African subsidiary Neotel was acquired by Liquid Telecom, a pan African telecom group. Shares of Tata Communications went up by 1.5%.
- Aditya Birla Nuvo entered a Joint-Venture with South African Company MMI Holdings. The JV will allow AB Nuvo’s entry into the Indian Health Insurance Segment. Shares of AB Nuvo went up by 3.5%.
0 comments:
Post a Comment