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  • Nifty Daily Outlook 09 June Equity Research Lab

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    ram sahu
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     Nifty spot close at 8273.05 on Wednesday . At higher side, important level 8300-8500. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8000-7950. At lower side nifty support level may be in the range of 7800-7700.

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     Nifty spot close at 8273.05 on Wednesday . At higher side, important level 8300-8500. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8000-7950. At lower side nifty support level may be in the range of 7800-7700.

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    20 views9 pages

    Nifty Daily Outlook 09 June Equity Research Lab

    Uploaded by

    ram sahu
     Nifty spot close at 8273.05 on Wednesday . At higher side, important level 8300-8500. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8000-7950. At lower side nifty support level may be in the range of 7800-7700.

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    © All Rights Reserved
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    of 9

    Equity Research

    Lab:-Daily OutLook
    http://equityresearchlab.com

    NIFTY DAILY OUTLOOK NIFTY SPOT :8273.05

    Nifty Future
    R3: 8338

    R1: 8301

    R2: 8318

    Pivot: 8281
    S3: 8227

    S1: 8264

    S2: 8244

    http://equityresearchlab.com

    http://equityresearchlab.com

    CHART
    INTERPRETATION: Nifty spot close at 8273.05 on Wednesday . At higher side, important level
    8300-8500. As long as Nifty future manages to sustain above this level on
    intraday declines, the trend will be strong and nifty future will try touch further
    higher levels from this level. At lower side, support near 8000. Further
    weakness is nifty future is possible only if Nifty future falls and stays below the
    important support of 8000-7950. At lower side nifty support level may be in the
    range of 7800-7700.
    Mechanical indicator stochastic RSI also showing consolidated trend.

    http://equityresearchlab.com

    http://equityresearchlab.com

    INDEX OUTLOOK:NIFTY FUTURE:Nifty closed at 8284.20 on Wednesday . After opening on a flat note,
    indices were stuck in a narrow trading range throughout the day
    clocking in minuscule gains.The power, capital goods, industrials and
    utilities stocks were among the major gainers. On the other hand, IT
    and healthcare stocks were under pressure.The India VIX
    (Volatility)index was up 1.83% at 15.1420.

    INTRADAY STRATIGY:Buy Nifty future above 8300 for the tgt of 8350-8400 sl 8230.

    http://equityresearchlab.com

    http://equityresearchlab.com

    CORPORATE
    NEWS:The Indian Rupee closed higher on Wednesday on increased selling of
    the US currency by exporters and banks amid higher foreign fund
    inflows. However, weak dollar against other currencies overseas also
    boosted the rupee sentiment. The rupee rallied for the fifth consecutive
    session and hit a four-week high against the US dollar.
    Bharat Forge surged 2.2% to Rs.765 on BSE. The company announced
    that its joint venture with GE, Alstom Bharat Forge Power has signed a
    contract worth $219 million approximately (Rs.1495 crore) with NTPC.
    Rajesh Exports dropped 1.4% to Rs.495. The company has announced
    that it has bagged Rs. 653 crores worth export order.

    http://equityresearchlab.com

    http://equityresearchlab.com

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