1st April 2016 Nifty Tips NIFTY SPOT: 7738.40 Nifty Future R1: 7773 R2:7806 R3: 7833 Pivot: 7745 S1: 7712 S2:7685 S3:7652
CHART INTERPRETATION • Nifty spot close at 7738.40 on Thursday . nifty spot trade between the range of 7550-7700 above that level, nifty may be touch the new level of 7800-7950 . Next major resistance for nifty may be 7950. • Mechanical indicator stochastic RSI also showing positive trend.
INDEX OUTLOOK • NIFTY FUTURE:- Nifty future closed at 7740.20 on Thursday. Nifty ended F&O expiry session on a flat note Thursday but the March series was strong with more than 10 percent rally, majorly supported by foreign money. • INTRADAY STRATIGY:- Buy Nifty above 7750 for the tgt of 7800-7850 with the sl of 7680.
INDEX OUTLOOK • Mahanagar Telephone Nigam said that the government approved compensation of Rs 458.04 crore to the company for surrendering spectrum. • Ahluwalia Contracts (India) secured orders aggregating to Rs 199.86 crore for construction of institutional building, including electrical, plumbing & firefighting services. • NatcoPharma’s board approved the sale of Save Mart Pharmacy Stores located in USA, which is a non-core business of the company.
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