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Equity Tips

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Equity Tips

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  1. www.equityresearchlab.com EquityResearchLab empowering global research

  2. 2nd March 2016 Nifty Tips NIFTY SPOT: 7222.30 Nifty Future     R1: 7297   R2: 7366   R3: 7492  Pivot: 7171      S1: 7103   S2:6977 S3:6908

  3. CHART INTERPRETATION Nifty spot close at 7222.30 on Tuesday. Nifty made a bottom and showing reversal trend after declaration of 2016 budget which market took positive. Nifty spot may show the level of 7500 Soon. Mechanical indicator stochastic RSI also showing bearish trend.

  4. INDEX OUTLOOK NIFTY FUTURE:- Nifty future closed at 7229.05 on Tuesday. Reversal trend in nifty shown after buying gained momentum across sectors led by FMCG, banks and industrials amid hopes of a repo rate cut after the presentation of the Union Budget 2016. INTRADAY STRATIGY:- Buy Nifty above 7250 for the tgt of 7300-7350 with the sl of 7170 .

  5. SECTORIAL INDICES

  6. CORPORATE NEWS   Mahindra & Mahindra (M&M) said that its total auto sales rose 16% to 44,002 units in February 2016 over February 2015. Domestic sales rose 18% to 41,348 units in February 2016 over February 2015. Exports declined 15% to 2,654 units in February 2016 over February 2015. Atul Auto announced that total auto sales rose 3.17% to 3,510 units in February 2016 over February 2015. Aurobindo Pharma Ltd has received approval from the US Food and Drug Administration (USFDA) for a cetylcysteine injection.

  7. Thank You www.equityresearchlab.com

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