Stock cash tips:-
Nifty Future R1: 8213 R2:8252 R3: 8283
Pivot:8182 S1: 8143 S2:8112 S3:8073
CHART INTERPRETATION:-
Nifty spot close at 8170.20 on Friday . 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 8174.40 on Friday. The Indian equity market closed with modest gains on Friday amid a choppy session. Indices managed to clock in marginal gains tracking positive global cues. The realty, auto, telecom and FMCG stocks were the top gainers followed by metal, finance and IT stocks.On the other hand, healthcare, capital goods and oil & gas stocks were under pressure.
INTRADAY STRATIGY: Buy Nifty future above 8200 for the tgt of 8250-8300 sl 8130.
CORPORATE NEWS :-
•Sugar stocks fell after the government imposed a 20% customs duty on raw sugar as well as refined sugar. The move is likely to make sugar exports unviable and keep domestic prices in check.
•The boards of Max Financial and HDFC agreed to evaluate a merger in a bid to become the country’s largest private insurer. The merger will create a firm with a market value of Rs. 50,000 crores, ahead of ICICI Prudential Life Insurance. Shares of Max Financial Services went up by 10.25%.
•Securities and Exchange Board of India (SEBI) is looking at a proposal to make Real Estate Investment Trusts (REITs) more attractive to investors by allowing them to invest a large portion of funds in under-construction assets.
For further information just go through website;http://equityresearchlab.com/Freetrial.php
Nifty Future R1: 8213 R2:8252 R3: 8283
Pivot:8182 S1: 8143 S2:8112 S3:8073
CHART INTERPRETATION:-
Nifty spot close at 8170.20 on Friday . 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.
NIFTY FUTURE: Nifty closed at 8174.40 on Friday. The Indian equity market closed with modest gains on Friday amid a choppy session. Indices managed to clock in marginal gains tracking positive global cues. The realty, auto, telecom and FMCG stocks were the top gainers followed by metal, finance and IT stocks.On the other hand, healthcare, capital goods and oil & gas stocks were under pressure.
INTRADAY STRATIGY: Buy Nifty future above 8200 for the tgt of 8250-8300 sl 8130.
CORPORATE NEWS :-
•Sugar stocks fell after the government imposed a 20% customs duty on raw sugar as well as refined sugar. The move is likely to make sugar exports unviable and keep domestic prices in check.
•The boards of Max Financial and HDFC agreed to evaluate a merger in a bid to become the country’s largest private insurer. The merger will create a firm with a market value of Rs. 50,000 crores, ahead of ICICI Prudential Life Insurance. Shares of Max Financial Services went up by 10.25%.
•Securities and Exchange Board of India (SEBI) is looking at a proposal to make Real Estate Investment Trusts (REITs) more attractive to investors by allowing them to invest a large portion of funds in under-construction assets.
For further information just go through website;http://equityresearchlab.com/Freetrial.php
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