NIFTY SPOT : R1:9085 R2:9125 R3:9155
PIVOT : 9054 S1:9014 S2:8984 S3:8944
 |
| stock future tips |
The major support for the nifty index is placed at 8980&8970 region as it is supported by following studies: The high of previous two weeks consolidation is at 8980,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward. Among oscillators, the shortterm stochastic is rebounding after approaching close to the oversold threshold and supports continuance of pullback efforts in the coming sessions.
INDEX OUTLOOK
Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. Its important to sustain above 9010 to move upwards. Buy Nifty near 9020 for targets of 9070-9090, stop loss: 8980
Nifty Bank Future: Bank Nifty opened flat and traded negative for whole day. Bank nifty needs to sustain above 20900 for further up move. Major support for market is placed near 20750, below which lower levels of 20500 can be seen. Buy Nifty Bank above 21100, targets: 21300, stop loss: 20880
Nifty Future: The Nifty is likely to open flat to positive on the back of mixed global cues. Its important to sustain above 9010 to move upwards. Buy Nifty near 9020 for targets of 9070-9090, stop loss: 8980
Nifty Bank Future: Bank Nifty opened flat and traded negative for whole day. Bank nifty needs to sustain above 20900 for further up move. Major support for market is placed near 20750, below which lower levels of 20500 can be seen. Buy Nifty Bank above 21100, targets: 21300, stop loss: 20880
SECTORIAL INDICES
CORPORATE NEWS
- The aviation stocks surged on news that after Delhi and Goa, another twenty states are likely to cut aviation turbine fuel (ATF) tax to 1%. The states have signed a memorandum with the Aviation Ministry for the same. Spicejet was a top gainer, up 7.2%, while Jet Airways & InterGlobe Aviation ended higher by 2.1% & 2.7% respectively.
- In a setback to Aurobindo Pharma, the European drug regulator has recommended suspension of its 100 drugs, or their marketing applications, on which bio equivalence studies have been found to be unreliable. The stock ended lower by 2.2%.
- GVK Power & Infra ended higher by 3.3% after the company informed the stock exchanges that it has divested 33% stake in Bangalore International Airport Limited (BIAL) to FIH Mauritius Investments and Fairfax India Holdings Corporation for Rs 22bn to bring down its debt level.
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