Stock Cash Tips :-
NIFTY FUTURE : R1:8312 R2:8336 R3:8375
PIVOT :8274 S1:8250 S2:8211 S3:8187
CHART INTERPRETATION :-
MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.
INDEX OUTLOOK :-
STRATEGY: Buy Nifty Future above 8300 for the target of 8350 -8400 with the stop loss of 8230.
SECTORIAL INDICES :
CORPORATE NEWS :
For further information regarding the Nifty update & share market tips like Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips just go through website http://shieldresearch.in/index.php/stock_cash_intraday we will get in touch ASAP.
NIFTY FUTURE : R1:8312 R2:8336 R3:8375
PIVOT :8274 S1:8250 S2:8211 S3:8187
CHART INTERPRETATION :-
Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty –7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.
MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.
INDEX OUTLOOK :-
NIFTY FUTURE: Sensex rebounded over 171 points and the Nifty regained the 8,200-mark in the
opening trade today, reflecting gains in Asia after US Fed minutes suggested a less hawkish stance from policymakers. The 30-share index was trading higher by 171.39 points, or 0.64%, at 26,804.52 with all sectoral indices led by metal, auto, realty and banking stocks in the green. Besides, the NSE Nifty reclaimed the 8,200-mark by recovering 51 points, or 0.62 %, at 8,241.50. The BSE Mid-cap Index is trading up 1.08% at 12326, whereas BSE Small-cap Index is trading down 0.88% at 12481. Some buying activity is observed in Auto, Metal, Bank, Oil & Gas, Capital Goods, Pharma, while Information Technology, Telecommunications, Telecom are showing weakness on BSE. Out of 1896 stocks traded on the NSE, 435 declined, 1178 advanced and 283 remained unchanged today.The INDIA VIX is down 4.92% at 15.10.
opening trade today, reflecting gains in Asia after US Fed minutes suggested a less hawkish stance from policymakers. The 30-share index was trading higher by 171.39 points, or 0.64%, at 26,804.52 with all sectoral indices led by metal, auto, realty and banking stocks in the green. Besides, the NSE Nifty reclaimed the 8,200-mark by recovering 51 points, or 0.62 %, at 8,241.50. The BSE Mid-cap Index is trading up 1.08% at 12326, whereas BSE Small-cap Index is trading down 0.88% at 12481. Some buying activity is observed in Auto, Metal, Bank, Oil & Gas, Capital Goods, Pharma, while Information Technology, Telecommunications, Telecom are showing weakness on BSE. Out of 1896 stocks traded on the NSE, 435 declined, 1178 advanced and 283 remained unchanged today.The INDIA VIX is down 4.92% at 15.10.
STRATEGY: Buy Nifty Future above 8300 for the target of 8350 -8400 with the stop loss of 8230.
Tata Motors was up almost 3% to Rs 500 after Jaguar Land Rover (JLR) reported a strong 30% jump in US sales at 12,573 units in December 2016 against 9,638 units a year earlier.
Sun Pharma added 2% at intra-day after the pharma major announced successful Phase 3confirmatory clinical trial results for Seciera for the treatment of dry eye disease. The stock closed at Rs 643.45 up 0.96%.
Shares of Jagran Prakashan rose 6.5 % ahead of board meeting to consider buyback of its shares of upto Rs 302.25 crore. The shares of the company closed at Rs 177.15 down 2.07%.
Sun Pharma added 2% at intra-day after the pharma major announced successful Phase 3confirmatory clinical trial results for Seciera for the treatment of dry eye disease. The stock closed at Rs 643.45 up 0.96%.
Shares of Jagran Prakashan rose 6.5 % ahead of board meeting to consider buyback of its shares of upto Rs 302.25 crore. The shares of the company closed at Rs 177.15 down 2.07%.
For further information regarding the Nifty update & share market tips like Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips just go through website http://shieldresearch.in/index.php/stock_cash_intraday we will get in touch ASAP.
