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Equity research lab 21 march nifty report

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Equity research lab 21 march nifty report

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  1. Empowering global research EquityResearchLab

  2. 22nd March 2016 Nifty Tips NIFTY SPOT: 7704.25 Nifty Future R1: 7752 R2:7791 R3: 7860 Pivot: 7683 S1: 7644 S2:7575 S3:7536

  3. CHART INTERPRETATION • Nifty spot close at 7704.25 on Monday . nifty spot touch the new level of 7700 on Monday. Next major resistance for nifty may be 7950. • Mechanical indicator stochastic RSI also showing positive trend.

  4. INDEX OUTLOOK • NIFTY FUTURE:- Nifty future closed at 7713.35 on Monday. Nifty closed above the 7,700 mark for the first time since early January. The rise in markets came on the back of supportive global cues and increased expectations of a rate cut by the RBI. • INTRADAY STRATIGY: Buy Nifty above 7720 for the tgt of 7770-7830 with the sl of 7640 .

  5. SECTORIAL INDICES

  6. CORPORATE NEWS • Mahindra & Mahindra said that Mahindra Powerol, a business of company's newly formed Mahindra Powertrain division, launched a new range of 125 Kilovolt amperes diesel generators. • Godrej Properties announced that it has created a dedicated real estate funds management business in India and Singapore viz. Godrej Fund Management. • VA Tech Wabag has bagged a $108-million (Rs 717 crore) order for establishing an integrated water supply system in Polgahawela, Sri Lanka.

  7. Equity Tips • Commodity Tips • Stock Cash Tips • Nifty Tips • Forex Tips • Equity Premium Cash Tips Free Trial

  8. www.equityresearchlab.com Thanks! CORPORATE NEWS CORPORATE NEWS Thanks!

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