Stock Cash Tips :-
Nifty Future R1: 8598 R2:8641 R3: 8678
Pivot: 8561 S1: 8518 S2:8481 S3:8438
CHART INTERPRETATION :-
INDEX OUTLOOK :-
NIFTY FUTURE :-
Nifty Future R1: 8598 R2:8641 R3: 8678
Pivot: 8561 S1: 8518 S2:8481 S3:8438
CHART INTERPRETATION :-
Indian Stock Market is still in positive zone. Overall Market has seen a breakout and we would see sharp positive movements in days to come. Next target is 8650-8700 for Nifty. If upcoming results support then this positive movement would continue till 8700 levels for Nifty .
The only strategy for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. and Expectations of a good monsoon have once again reinforced the confidence among market participants that the growth may come back on a good note, timely onset of the monsoons will be a positive for the markets.
A strong break below 8500 will increase the downside pressure and drag it to 8400/8300.
Traders can go short on a break below 8500.On the other hand, a decisive break above 8635 will ease the downside pressure and take the index futures higher to 8650 and 8700 thereafter.
Mechanical indicator stochastic RSI also showing consolidated trend.
The only strategy for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. and Expectations of a good monsoon have once again reinforced the confidence among market participants that the growth may come back on a good note, timely onset of the monsoons will be a positive for the markets.
A strong break below 8500 will increase the downside pressure and drag it to 8400/8300.
Traders can go short on a break below 8500.On the other hand, a decisive break above 8635 will ease the downside pressure and take the index futures higher to 8650 and 8700 thereafter.
Mechanical indicator stochastic RSI also showing consolidated trend.
NIFTY FUTURE :-
Sensex and NSE Nifty are likely to open in green on Friday tracking SGX Nifty and firm global cues. A sharp drop in the IT index, subsequent to the announcement of results by some IT majors, weighed heavily on the bourses and dragged markets lower. However, Asian peers ended higher on Friday. Hang Seng, Nikkei and Shanghai closed higher by 0.46 per cent, 0.68 per cent and 0.01 per cent, respectively.
STRATIGY :-
STRATIGY :-
Buy Nifty future above 8600 for the tgt of 8650-8700 sl 8530.
CORPORATE NEWS :-
Infosys shares nosedived by 8.8% after the company reported its results for Q1-FY2017. Net Profit declined by 4.5% to Rs. 3,436 Cr whereas Revenues increased by 1.6% to Rs. 17,535 Cr for the quarter on YoY basis.
India Market revenues fell by 7.6% sequentially whereas North America grew by 2.5%, Europe 0.3% and Rest of the world grew by 4.9% sequentially.
LIC Housing Finance's first quarter profit grew by 6.7 percent to Rs. 407.8 Cr compared to Rs. 382.1 Cr on a YoY basis. Net Interest Income went up by 25.1% to Rs. 824.5 Cr. Shares of the company went up by 3.7%.
Titan Company will be acquiring 61% stake in Carat Lane Trading for a cash consideration of Rs. 357 Cr. Carat Lane deals in manufacturing, designing and trading of gems and jewelry.
For further information just go through website http://shieldresearch.in/#trial_form
CORPORATE NEWS :-
Infosys shares nosedived by 8.8% after the company reported its results for Q1-FY2017. Net Profit declined by 4.5% to Rs. 3,436 Cr whereas Revenues increased by 1.6% to Rs. 17,535 Cr for the quarter on YoY basis.
India Market revenues fell by 7.6% sequentially whereas North America grew by 2.5%, Europe 0.3% and Rest of the world grew by 4.9% sequentially.
LIC Housing Finance's first quarter profit grew by 6.7 percent to Rs. 407.8 Cr compared to Rs. 382.1 Cr on a YoY basis. Net Interest Income went up by 25.1% to Rs. 824.5 Cr. Shares of the company went up by 3.7%.
Titan Company will be acquiring 61% stake in Carat Lane Trading for a cash consideration of Rs. 357 Cr. Carat Lane deals in manufacturing, designing and trading of gems and jewelry.
For further information just go through website http://shieldresearch.in/#trial_form
