Stock Cash Tips :-
Nifty Future R1: 8679 R2:8720 R3: 8794
Pivot: 8605 S1: 8565 S2:8490 S3:8450
CHART INTERPRETATION :-
INDEX OUTLOOK :-
NIFTY FUTURE:-
STRATIGY :-
Buy Nifty Future above 8650 for the tgt of 8700 -8750 with the sl of 8570.
CORPORATE NEWS :-
For further information support & resistance & many other tips like Equity tips,Commodity tips Many more just go through website http://shieldresearch.in/#trial_form
Nifty Future R1: 8679 R2:8720 R3: 8794
Pivot: 8605 S1: 8565 S2:8490 S3:8450
CHART INTERPRETATION :-
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.
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| Shield Research Indore |
NIFTY FUTURE:-
Nifty closed 94 points higher at 8,636 points. It opened at 8,520 points, hitting a high of 8,641 and low of 8,517. All sectors are trading in a positive zone. Some buying activity is seen in consumer durables, realty, finance, banking and industrial sectors are showing gainers on BSE. INDIA VIX is up 3.64% at 16.0625. Vedanta gained 1.4% after announcing a revised offer for taking over its group firm Cairn India.
STRATIGY :-
Buy Nifty Future above 8650 for the tgt of 8700 -8750 with the sl of 8570.
CORPORATE NEWS :-
India Bulls Housing Finance reported a sharp increase of 23% in its net profit to Rs 630 Cr. Total Income grew by approximately 30% to Rs 2,372 Cr from Rs 1,829 Cr in the same period last fiscal. Net Interest Income and Other Income grew by 28.2% and 15% respectively. Asset Quality remained unchanged.
FMCG Company Bajaj Corp reported a 10% rise (YoY) in net profit to Rs 52 Cr. Total revenue grew by 1.7% from Rs 200.9 Cr to Rs 204.3 Cr. EBITDA grew by 6.8% on account of lower material costs, that fell by 14% for the quarter.
Tyre Company’s shares went up after Tokyo’s TOCOM rubber futures fell by 3%, bottoming rubber prices to a ‘1-week’ low in the international market. Share prices of Ceat, MRF, Apollo and Balkrishna Tyres gained by 1.6-3.3%.
For further information support & resistance & many other tips like Equity tips,Commodity tips Many more just go through website http://shieldresearch.in/#trial_form
