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2nd March 2016

Nifty Tips
NIFTY SPOT: 7222.30
Nifty Future
Pivot: 7171

R1: 7297 R2: 7366 R3: 7492

S1: 7103 S2:6977 S3:6908

CHART INTERPRETATION
Nifty spot close at 7222.30 on Tuesday. Ni
fty made a bottom and showing reversal tr
end after declaration of 2016
budget which market took positive.
Nifty spot may show the level of 7500
Soon.
Mechanical indicator stochastic RSI also sh
owing bearish trend.

INDEX OUTLOOK
NIFTY FUTURE:- Nifty future closed at 7229.05
on Tuesday. Reversal trend in nifty shown after buy
ing gained momentum across sectors led by FMC
G, banks and industrials amid hopes of a
repo rate cut after the presentation of the
Union Budget 2016.
INTRADAY STRATIGY:- Buy Nifty above 7250 for th
e tgt of 7300-7350 with the sl of 7170 .

SECTORIAL INDICES

CORPORATE NEWS
Mahindra & Mahindra (M&M) said that its total auto
sales rose 16% to 44,002 units in February 2016 over
February 2015. Domestic sales rose 18% to 41,348 units
in February 2016 over February 2015. Exports declined
15% to 2,654 units in February 2016 over February 2015.
Atul Auto announced that total auto sales rose 3.17%
to 3,510 units in February 2016 over February 2015.
Aurobindo Pharma Ltd has received approval from the
US Food and Drug Administration (USFDA) for a
cetylcysteine injection.

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