NIFTY FUTURE : R1:8840 R2:8863 R3:8892
PIVOT :8810 S1:8787 S2:8758 S3:8734
 |
| stock future tips |
MACD and Price ROC are both positive and continue in Buy mode. RSI (72) still suggests bullish
momentum. Stochastic Oscillator %K (96) is above %D, indicating a Buy. But both RSI and Stochastic Oscillator are overbought. ADX is at 36 which suggest that the Uptrend is very strong. This week, the indices tested the short term average of 22dma Nifty – 8473 close above it. the indices continue to remain above the medium term average of 55dma Nifty – 8268 but above the long term average of 200 dma Nifty –8356. Thus the trend in the short term, medium term and even the long term timeframe continues to remain upwards. The support for the Nifty is 8640-8627-8580-8550-8500-8430 and the resistance to the up move is at 8730-8775-8800-8830-8890-8950-9000 levels.
momentum. Stochastic Oscillator %K (96) is above %D, indicating a Buy. But both RSI and Stochastic Oscillator are overbought. ADX is at 36 which suggest that the Uptrend is very strong. This week, the indices tested the short term average of 22dma Nifty – 8473 close above it. the indices continue to remain above the medium term average of 55dma Nifty – 8268 but above the long term average of 200 dma Nifty –8356. Thus the trend in the short term, medium term and even the long term timeframe continues to remain upwards. The support for the Nifty is 8640-8627-8580-8550-8500-8430 and the resistance to the up move is at 8730-8775-8800-8830-8890-8950-9000 levels.
INDEX OUTLOOK
NIFTY FUTURE: Nifty was hovering around 8800 level for whole day and managed to close at 8801.05 levels, up by 60.1 points. Nifty closed above 8800 for the first time since September 23, 2016. Sensex closed at 28439.28 levels, up by 198.76 points. Nifty & Sensex closed at 5 months’ closing highs. Broader markets outperformed the major indices. BSE Mid-cap index closed at 13430.94 levels, up by 145.53 points. BSE Small-cap index closed at 13539.72 levels, up by 117.62
points. Nifty Mid-cap index closed at record closing high. 36 Nifty stocks closed in green, 15 Nifty
stocks closed in red in the pack of Nifty50 index. Whirlpool, Titan and PC Jewellers Limited were the top gainers in the BSE Consumer Durables index, closing up by more than 2% each. Sugar stocks gained, with Renuka Sugar, KCP Sugar Industries and Dhampur Sugar all closing up by more than 10% each. BSE Realty index was the top performer by gaining more than 1.7%. HDIL, Godrej properties, Prestige and Unitech were top realty gainers on Monday, gaining more than
2.5% each.
points. Nifty Mid-cap index closed at record closing high. 36 Nifty stocks closed in green, 15 Nifty
stocks closed in red in the pack of Nifty50 index. Whirlpool, Titan and PC Jewellers Limited were the top gainers in the BSE Consumer Durables index, closing up by more than 2% each. Sugar stocks gained, with Renuka Sugar, KCP Sugar Industries and Dhampur Sugar all closing up by more than 10% each. BSE Realty index was the top performer by gaining more than 1.7%. HDIL, Godrej properties, Prestige and Unitech were top realty gainers on Monday, gaining more than
2.5% each.
STRATEGY: Buy Nifty Future above 8800 for the target of 8850 -8900 with the stop loss of 8720.
SECTORIAL INDICES
CORPORATE NEWS
- Lupin gained over 4% during the day after it received final approval from USFDA for its generic drug Triamcinolone Acetonide Cream which provides relief to the inflammatory and pruritic manifestations of corticosteroid responsive dermatoses. The stock ended 0.3% higher at Rs 1,496.
- Abbott India rose 2.8% to Rs 4,599 after net profit increased by 26.2% yoy to Rs 85.5 crs. Total income from operations stood at Rs 755.7crs, a growth of 12.8% over Q3FY16. EBITDA for the quarter was Rs 123crs, an increase of 24.2% yoy.
- Bharat Heavy Electricals Limited (BHEL) has won a new order for engineering, procurement and construction for the installation of solar photovoltaic rooftop systems from Surat Municipal Corporation, worth 3.6 MW. The stock closed at Rs 144 gaining 1% over previous closing price.
If you want to more information regarding the Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php
0 comments:
Post a Comment