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29th April 2016

Nifty Tips
NIFTY SPOT: 7847.25
Nifty Future R1: 7954
R2:8055 R3: 8111
Pivot: 7898 S1: 7797 S2:7741
S3:7640

CHART INTERPRETATION

Nifty spot close at 7847.25 on Thursday. Nifty

future closed at 7846.80 on expiry of April
month. as we seen At higher levels, minor
hurdle near 8000-8010. Only if nifty future
manages to move and stay above this level,
there will be chances for further up side
movements. Otherwise, again Nifty future will
move in a range bound manner.

Mechanical indicator stochastic

showing positive trend.

RSI

also

INDEX OUTLOOK
NIFTY

FUTURE: Nifty closed at 7853.45 on

Thursday. Japan led the slide in global markets
after the Bank of Japan today kept its benchmark
interest rate unchanged, but trimmed GDP
growth forecast for FY17 and FY18. Metals, oil
and gas, power, auto and FMCG were among the
worst hit sectors, while realty shares held
ground amid the carnage. Among frontline
shares, big losers included Hindalco, HDFC,
Maruti, ITC and M&M.

INTRADAY

STRATIGY: Buy Nifty above 7850 for the

tgt of 7900- 7950 with the sl of 7770 .

SECTORIAL INDICES

CORPORATE NEWS

TTK Prestige has announced its entry into

the home cleaning market.

Dabur India consolidated net profit rose

16.6% to Rs 331.90 crore on 10.9% growth
in net sales to Rs 2157.30 crore in Q4 March
2016 over Q4 March 2015.

ACC net profit declined 3.48% to Rs 232.19

crore in the quarter ended March 2016 as
against Rs 240.55 crore during the previous
quarter ended March 2015.

CORPORATE NEWS

TTK Prestige has announced its entry into

the home cleaning market.

Dabur India consolidated net profit rose

16.6% to Rs 331.90 crore on 10.9% growth
in net sales to Rs 2157.30 crore in Q4 March
2016 over Q4 March 2015.

ACC net profit declined 3.48% to Rs 232.19

crore in the quarter ended March 2016 as
against Rs 240.55 crore during the previous
quarter ended March 2015.

CORPORATE NEWS

TTK Prestige has announced its entry into

the home cleaning market.

Dabur India consolidated net profit rose

16.6% to Rs 331.90 crore on 10.9% growth
in net sales to Rs 2157.30 crore in Q4 March
2016 over Q4 March 2015.

ACC net profit declined 3.48% to Rs 232.19

crore in the quarter ended March 2016 as
against Rs 240.55 crore during the previous
quarter ended March 2015.

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