NIFTY SPOT: 8519.50 SHIELD RESEARCH

Stock Cash Tips :-

Nifty Future R1: 8543    R2:8565     R3: 8586

Pivot: 8522  S1: 8499    S2:8478    S3:8455


CHART INTERPRETATION :- 

Nifty future closed above to psychological level  of  8500 on Wednesday.

Next logical targets for nifty would be 8500-8650 and  breaching of 8320 would force nifty to see levels of 8105-8200.

whereas the 8350-8310 will act as very strong Support levels, if once it go to 8530 then there will higher probability  for nifty to touch 8580-8650 levels.

Mechanical indicator stochastic RSI  also showing consolidated trend.

INDEX OUTLOOK :-

NIFTY FUTURE :-

The market has ended in red but the Nifty remained 8500. The 50-share index was down 1.55 points at 8519.50 while the Sensex was up 7.04 points at 27815.18.

About 1011 shares have advanced, 1734 shares declined, and 165 shares are unchanged.

Tata Steel, GAIL, ONGC, Coal India and BHEL were top   gainers while Lupin,  Maruti, L&T, Asian Paints and Axis Bank were losers in the Sensex.

The rupee opened higher by nine paise at 67.09/$ against US Dollar Wednesday as against the previous close of 67.18/$.

STRATIGY :-

Buy Nifty future above 8530 for the tgt of 8570-8650 sl 8450.

CORPORATE NEWS :-

National Buildings Construction Corporation (NBCC) shares fell by 10.9% after the cabinet approved divesting of 15% stake of the company. Government of India currently holds 90% stake in the company.

Government gave its nod to oil companies to increase prices of Kerosene by 25 paise/month until April 2017. The move aims to reduce the under recoveries (losses due to subsidization) on Kerosene. Shares ofONGC and Oil India rose by 1.7-3%.

Shares of Kwality Limited surged by 2.9% after the company reported that it will be receiving a funding of Rs. 520 Cr from Private Equity Firm KKR.

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NIFTY SPOT: 8521.05 Shield Research

Stock Cash Tips :-

Nifty Future  R1: 8544     R2:8560   R3: 8587

Pivot: 8518    S1: 8502     S2:8475   S3:8459

CHART INTERPRETATION :-

Nifty future closed above to psychological level  of  8500 on Tuesday.

Next logical targets for nifty would be 8500-8650 and  breaching of 8320 would force nifty to see levels of 8105-8200.

whereas the 8350-8310 will act as very strong Support levels, if once it go to 8530 then there will higher probability  for nifty to touch 8580-8650 levels.

Mechanical indicator stochastic RSI  also showing consolidated trend.

INDEX OUTLOOK :-

NIFTY FUTURE :-

Nifty closed above 8500 level. The rally continued to second consecutive day as indices scaled to fresh 11-month high on Tuesday.

Stock market rallied ahead of IIP and inflation data to be released later in the day.

After opening on a flat note indices remained under pressure and slipped lower in the first half. However, as the day progressed, a sudden bout of buying in the metals, realty and banking stocks lifted the benchmarks to end at day's high.

Even the Nifty Mid-Cap index closed at an all-time high. Meanwhile, the strong likelihood of a GST Bill being passed in the monsoon session of Parliament, which starts on July 18, and hopes for a good start to the quarterly earnings season also boosted investor sentiment.

INTRADAY STRATIGY: -

Buy Nifty future above 8530 for the tgt of 8570-8650 sl 8450.

CORPORATE NEWS :-

Rico Auto Industries went up by 3.80% after the company announced its plan to setup a new auto component plant in Bhiwandi, Rajasthan. The plant will start operating in the next financial year.


IDFC Bank rallied by 8.22% after the company agreed to a share purchase agreement with Tamil Nadu based company, Grama Vidiyal Microfinance, acquiring 100% of its equity share capital.


Shares of Mumbai based engineering company, Greaves Cotton, went up by 6.2% after the company announced its entry into multi brand automobile spare parts business.


For further information regarding Nifty spot & many other share market tips like Equity tips,commodity tips many more just go through website http://www.shieldresearch.in/#trial_form