Stock Cash Tips :-
Nifty Future R1: 8375 R2:8398 R3: 8438
Pivot: 8358 S1: 8335 S2:8318 S3:8278
CHART INTERPRETATION :-
Nifty closed on a strong uptrend at 8370.70 level .So today on upside first intra resistance is at 8420-8450 level.
Next resistance are at 8450- 8500 level.
On downside first support is at 8250-8230 level.
Momentum indicator stochastic and RSI also showing consolidated trend.
INDEX OUTLOOK :-
NIFTY FUTURE:-
The Indian stock market rally for the sixth consecutive session.
The Sensex gained over 200 points to hit fresh 2016 high in morning deal.
The BSE Sensex closed 169.53 points up at 27314.44 while, NSE Nifty closed 48.40 points up at 8,376.75.
INDIA VIX is down 0.39% at 15.6750. Out of 1,830 stocks traded on the NSE, 455 declined, 1,109 advanced and 266 remained unchanged today.
The Indian rupee opened higher by 8 paise at 67.23/$ against US Dollar on Monday as against the previous close of 67.31/$.
INTRADAY STRATIGY:-
Buy Nifty future above 8400 for the tgt of 8450-8500 sl 8330.
CORPORATE NEWS :-
Reliance Industries has received green nod for drilling eight additional exploratory wells to ascertain the reservoir capacity and commercial viability of hydrocarbons off the coast of Tamil Nadu at a project cost of Rs. 800 crore.
Bajaj Auto’s total sales in July were down 4% at 3.17 lakh units against 3.31 lakh units in July 2015, mainly on the back of exports which were down by 21%. Total domestic sales grew by 11%.
Aviation stocks rose after the government announced draft regional connectivity scheme to promote regional air connectivity.
For further Niftt sopt levels go through website http://shieldresearch.in/#trial_form
Nifty Future R1: 8375 R2:8398 R3: 8438
Pivot: 8358 S1: 8335 S2:8318 S3:8278
CHART INTERPRETATION :-
Nifty closed on a strong uptrend at 8370.70 level .So today on upside first intra resistance is at 8420-8450 level.
Next resistance are at 8450- 8500 level.
On downside first support is at 8250-8230 level.
Momentum indicator stochastic and RSI also showing consolidated trend.
 |
| Shield Research Indore |
NIFTY FUTURE:-
The Indian stock market rally for the sixth consecutive session.
The Sensex gained over 200 points to hit fresh 2016 high in morning deal.
The BSE Sensex closed 169.53 points up at 27314.44 while, NSE Nifty closed 48.40 points up at 8,376.75.
INDIA VIX is down 0.39% at 15.6750. Out of 1,830 stocks traded on the NSE, 455 declined, 1,109 advanced and 266 remained unchanged today.
The Indian rupee opened higher by 8 paise at 67.23/$ against US Dollar on Monday as against the previous close of 67.31/$.
INTRADAY STRATIGY:-
Buy Nifty future above 8400 for the tgt of 8450-8500 sl 8330.
CORPORATE NEWS :-
Reliance Industries has received green nod for drilling eight additional exploratory wells to ascertain the reservoir capacity and commercial viability of hydrocarbons off the coast of Tamil Nadu at a project cost of Rs. 800 crore.
Bajaj Auto’s total sales in July were down 4% at 3.17 lakh units against 3.31 lakh units in July 2015, mainly on the back of exports which were down by 21%. Total domestic sales grew by 11%.
Aviation stocks rose after the government announced draft regional connectivity scheme to promote regional air connectivity.
For further Niftt sopt levels go through website http://shieldresearch.in/#trial_form
