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30th March 2016

NIFTY TIPS

NIFTY SPOT: 7597.00

Nifty Future

R1: 7664

R2:7708

R3: 7741

Pivot: 7630

S1: 7586

S2:7553

S3:7509

CHART INTERPRETATION

Nifty spot close at 7597.00 on Tuesday . 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
7620.05 on Tuesday. The nifty falling below
7600-mark. Healthcare, infra, FMCG and
technology stocks dragged market while rally
in auto, metals and select banks stocks
capped downside.
INTRADAY STRATIGY:- Buy Nifty above 7600
for the tgt of 7650-7700 with the sl of 7530.

SECTORIAL INDICES

INDEX OUTLOOK
Lupin dropped 6.17% to Rs 1,402, in volatile trade after the
company clarified that it does not expect any disruption to
product supply from the Mandideep location.
Aurobindo Pharma has received final approval from USFDA to
manufacture and market Rivastigmine Tartrate Capsules USP,
used for the treatment of dementia disease, in the American
market.
Ashok Leyland has received orders worth Rs 800 crore from
the Indian armed forces. As part of the order, the company will
supply 450 units of Field Artillery Tractor (FAT) 6x6 and other
similar super stallion vehicles, and 825 units of ambulance
4x4.AI).

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