Stock cash tips:-
Nifty Future R1: 8165 R2:8244 R3: 8363
Pivot: 8046 S1: 7967 S2:7848 S3:7769
CHART INTERPRETATION:-
Nifty closed on at 8088.60 On Friday. 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.
INDEX OUTLOOK:-
NIFTY FUTURE: The Indian equity market ended with sharp cuts on Friday after Britain voted to leave the European Union fuelling a wave of global uncertainty. Indices opened with a huge gap down with the NSE Nifty breaching past the 7950 mark while Sensex tumbled over 1000 points. However, benchmarks began staging a smart come back in the second half. The pound collapsed to a 31-year low and there was pandemonium in the currency markets as well crude oil too slipped sharply. All the sectoral indices on the BSE closed in red. Selling pressure was seen in realty, metal, industrial, capital goods, banking, auto and energy.
INTRADAY STRATIGY: Buy Nifty future above 8300 for the tgt of 8350-8400 sl 8230.
SECTORIAL INDICES:-
CORPORATE NEWS:-
•Auto giants having major exposure to European Union impacted from Brexit. Indian majors made significant investment in Europe, but investment in the UK is much more than the rest of Europe combined.
•Shares of KEC International rose by 3.5% after the company bagged orders of Rs. 1,036 crores. In transmission and distribution segment, they secured orders worth Rs. 666 crores from the Middle East and Americas regions. Orders worth Rs. 317 crores from Indian Railways and Rs. 53 crores in the Power and Telecom Cables segment were also secured.
•Mahanagar Telephone Nigam Limited (MTNL) shares rose by 4.3% after the company announced that it will submit its revival plan to the Department of Telecommunications (DoT). The plan intends to take the loss making telecom firm out of the red zone.
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 8165 R2:8244 R3: 8363
Pivot: 8046 S1: 7967 S2:7848 S3:7769
CHART INTERPRETATION:-
Nifty closed on at 8088.60 On Friday. 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: The Indian equity market ended with sharp cuts on Friday after Britain voted to leave the European Union fuelling a wave of global uncertainty. Indices opened with a huge gap down with the NSE Nifty breaching past the 7950 mark while Sensex tumbled over 1000 points. However, benchmarks began staging a smart come back in the second half. The pound collapsed to a 31-year low and there was pandemonium in the currency markets as well crude oil too slipped sharply. All the sectoral indices on the BSE closed in red. Selling pressure was seen in realty, metal, industrial, capital goods, banking, auto and energy.
INTRADAY STRATIGY: Buy Nifty future above 8300 for the tgt of 8350-8400 sl 8230.
SECTORIAL INDICES:-
|
Key Indices – Levels to watch out
for the day
|
|||||
|
INDEX (Spot)
|
RESISTANCE 2
|
RESISTANCE 1
|
LTP
|
SUPPORT 1
|
SUPPORT 2
|
|
SENSEX
|
26772
|
26585
|
26248
|
26060
|
25723
|
|
NIFTY
|
8244
|
8165
|
8046
|
7967
|
7848
|
|
NIFTYBANK
|
17764
|
17564
|
17244
|
17058
|
16724
|
|
NIFTYIT
|
11330
|
11266
|
11154
|
11091
|
10979
|
CORPORATE NEWS:-
•Auto giants having major exposure to European Union impacted from Brexit. Indian majors made significant investment in Europe, but investment in the UK is much more than the rest of Europe combined.
•Shares of KEC International rose by 3.5% after the company bagged orders of Rs. 1,036 crores. In transmission and distribution segment, they secured orders worth Rs. 666 crores from the Middle East and Americas regions. Orders worth Rs. 317 crores from Indian Railways and Rs. 53 crores in the Power and Telecom Cables segment were also secured.
•Mahanagar Telephone Nigam Limited (MTNL) shares rose by 4.3% after the company announced that it will submit its revival plan to the Department of Telecommunications (DoT). The plan intends to take the loss making telecom firm out of the red zone.
If you want to more information regarding the Stock cash tips, Stock tips, Nifty tips, Commodity tips, Equity tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
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