www.equityresearchlab.

com

8thApril 2016
Nifty tips
NIFTY SPOT: 7546.45
Nifty Future

R1: 7614

R2:7664

R3: 7694

Pivot: 7584

S1: 7535

S2:7505

S3:7455

CHART INTERPRETATION
Nifty spot close at 7546.45 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 7565.05 on
Thursday. Equity benchmarks hit three-week low on
Thursday, falling nearly a percent led by
heavyweights HDFC, ITC, Infosys and Larsen &
Toubro. Weakness in European markets and oil
prices also added fuel to the fire. Profit booking
could be another reason for sell-off as foreign
institutional started selling in April after buying of
shares worth Rs 23,620 crore in March.
INTRADAY STRATIGY: - Buy Nifty above 7650 for the
tgt of 7700-7750 with the sl of 7570 .

SECTORIAL INDICES

CORPORATE NEWS
Bhel jumped on charts after the company has
recorded the highest-ever commissioning of
projects in its history and the highest order
booking in the last five years in FY 2016.
KNR Constructions has in joint ventures,
bagged orders worth Rs 983.69 crore.

Nifty Tips
Equity TIPS

Forex Tips

Free Trial
Commodity
Tips

MCX Tips

Stock Cash
Tips

Thank You

http://www.equityresearchlab.com