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Nifty Tips

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Nifty Tips

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  1. EquityResearchLab Empowering global research www.equityresearchlab.com

  2. 12thApril 2016 Nifty Tips NIFTY SPOT: 7671.40 Nifty Future R1: 7765 R2:7829 R3: 7945 Pivot: 7649 S1: 7585 S2:7469 S3:7405

  3.  CHART INTERPRETATION • Nifty spot close at 7671.40 on Monday . nifty spot trade between the range of 7550-7700 above that level, nifty may be touch the new level of 7800-7950. Next major resistance for nifty may be 7950. • Mechanical indicator stochastic RSI also showing positive trend.

  4.  INDEX OUTLOOK • NIFTY FUTURE: Nifty future closed at 7702.10 on Monday. It was a fantastic start to the truncated week as Nifty struck a ton while the BSE Sensex galloped over 300 points. Indices recouped earlier losses to end with strong gains tracking positive global cues. The IT stocks were in demand ahead of the March quarter results season that starts on Friday with Infosys’s among the IT bellwether to announce earnings. Index heavyweights like TCS and Infosys were top contributors in Nifty’s upswing today. Meanwhile, US President Barack Obama is scheduled to meet Federal Reserve Chair Janet Yellen today. Reports indicate the discussions will touch upon the economy and Wall Street reform. • INTRADAY STRATIGY: Buy Nifty above 7700 for the tgt of 7750-7800 with the sl of 7630.

  5.  SECTORIAL INDICES

  6.  CORPORATE NEWS • Cairn India reported an 8% fall in oil and gas production for the fourth quarter of fiscal 2015-16 at 17.93M barrels of oil equivalent as compared to 19.4M barrels of oil equivalent in the same quarter last year. • Suzlon Group has announced it has bagged a maiden order of 105 MW from Greenko Group to be executed in Andhra Pradesh. • L&T has bagged two orders worth $370 million (Rs 2,456.24 crore) from Petroleum Development Oman.

  7. Equity Tips • Commodity Tips • Stock Cash Tips • Nifty Tips • Forex Tips • Equity Premium Cash Tips Free Trial

  8. www.equityresearchlab.com Thank You

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