Stock Cash Tips :-
CHART INTERPRETATION :-
Nifty spot close at 8140.75 on Thursday . At higher side, important level 8200-8250. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8060-7950. At lower side nifty support level may be in the range of 7800-7700.
Mechanical indicator stochastic RSI also showing consolidated trend.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty closed at 8158.75 on Thursday. After taking a breather in the previous session, the bears were back on the dalal street. The indices extended decline to hit fresh intraday low in mid-morning trade.
Weakness were seen in Asian stocks after the Bank of Japan and the US Federal Reserve deciding to keep interest rates on hold weighed on domestic bourses. On the economy front, India's merchandise exports fell 0.79% at $22.17 billion in May 2016 over May 2015. Non-petroleum exports rose 1.01% at $20.19 billion in May 2016 over
May 2015. Imports fell 13.16% at $28.44 billion in May 2016 over May 2015.
INTRADAY STRATIGY:-
Buy Nifty future above 8150 for the tgt of 8200-8250 sl 8070.
For further information regarding Nifty Spot & many other services just go through website http://equityresearchlab.com/Freetrial.php
 Nifty Future |
R1: 8206
|
R2:8254
|
R3: 8315
|
Pivot: 8145
|
S1: 8097
|
S2:8036
|
S3:7988
|
CHART INTERPRETATION :-
Nifty spot close at 8140.75 on Thursday . At higher side, important level 8200-8250. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8060-7950. At lower side nifty support level may be in the range of 7800-7700.
Mechanical indicator stochastic RSI also showing consolidated trend.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty closed at 8158.75 on Thursday. After taking a breather in the previous session, the bears were back on the dalal street. The indices extended decline to hit fresh intraday low in mid-morning trade.
Weakness were seen in Asian stocks after the Bank of Japan and the US Federal Reserve deciding to keep interest rates on hold weighed on domestic bourses. On the economy front, India's merchandise exports fell 0.79% at $22.17 billion in May 2016 over May 2015. Non-petroleum exports rose 1.01% at $20.19 billion in May 2016 over
May 2015. Imports fell 13.16% at $28.44 billion in May 2016 over May 2015.
INTRADAY STRATIGY:-
Buy Nifty future above 8150 for the tgt of 8200-8250 sl 8070.
For further information regarding Nifty Spot & many other services just go through website http://equityresearchlab.com/Freetrial.php
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