Equity Research Lab

empowering global research

www.equityresearchlab.com

4th March 2016

Nifty Tips
NIFTY SPOT: 7475.60
Nifty Future R1: 7485 R2: 7521 R3: 7581
Pivot: 7425
S1: 7389 S2:7329 S3:7293

CHART INTERPRETATION
Nifty spot close at 7475.60 on Thursday. Nifty
made a bottom and showing reversal trend
after declaration of 2016 budget which
market took positive. Nifty spot may show
the level of 7500 Soon.
Mechanical indicator stochastic RSI also
showing positive trend.

INDEX OUTLOOK
NIFTY FUTURE:- Nifty future closed at 7449.55 on Wednesday.
Nifty ended at 1-month closing high. Hopes of an early interest
rate reduction announcement by the RBI and strengthening
Indian currency against the US Dollar was among the major
factors for today's run-up. The sentiment also remained upbeat
after the International Monetary Fund projected a robust
growth rate of 7.3 per cent for the country this financial year,
and moving up to 7.5 per cent next year.
INTRADAY STRATIGY:- Buy Nifty above 7450 for the tgt of 75007550 with the sl of 7370 .

SECTORIAL INDICES

Thank You

www.equityresearchlab.com