Professional Documents
Culture Documents
Nifty Report 1
Nifty Report 1
R1: 8603
R2:8631
R3: 8678
Pivot: 8556
S1: 8529
S2:8482
S3:8454
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CHART INTERPRETATION
Nifty future closed above to psychological level of 8550 on Thursday. Next logical targets for nifty
would be 8600-8680 and breaching of 8400 would force nifty to see levels of 8105-8200. whereas
the 8400-8350 will act as very strong Support levels, if once it go to 8580 then there will higher
probability for nifty to touch 8630-8680 levels.
RESISTANCE 2
RESISTANCE 1
LTP
SUPPORT 1
SUPPORT 2
SENSEX
28250
28090
27942.11
27750
27600
NIFTY
8650
8600
8565.00
8500
8450
NIFTYBANK
19225
19050
18863.75
18700
18480
NIFTYIT
11400
11240
11157.85
11000
10850
CORPORATE NEWS
Wholesale Price Index (WPI) rose to 1.62% in June as compared to 0.79% for May of 2016 due to increase in food and
mineral prices.
National Aluminium Company Limited (NALCO) was granted Pottangi Coal Mines on lease for the next 50 years. The
factory is situated in the Koraput district of Orissa, near NALCOs 2.27 MnT Alumina Factory. Shares of the company went
up by 3.4%.
Shares of Bharat Forge went down by 2.4% after the company sold off 49% stake of their defense armKalyani Strategic
Systems (KSSL) to KSSLs promoter group.
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