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 :-
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
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.
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.
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
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