Stock and Nifty update_Aug'27

 NIFTY TIPS: 7800.85 (-1.21%) 

For the second day in a row, the Nifty saw a huge swing on the back of high stock specific volatility. At the end, it settled near the day’s low losing 90 points. Nifty futures premium settled at 9 points. India VIX fell 5.0% and ended at 25.5  

Daily Nifty Levels (FUT)	R1: 7898	R2: 7996	R3: 8150
Pivot: 7842	S1: 7744	S2: 7688	S3: 7534

 

CHART INTERPRETATION:

 Nifty break its major support of 7940 and sustaining below.

 Nifty has an important support placed at 38.20 % retracement level of 7590.

 Mechanical indicator RSI is slipped below 30 marks while MACD is also negative poised.

INDEX OUTLOOK:

NIFTY FUTURE TIPS: The Nifty is likely to open gap up on the back of strong global cues. It is likely to trade in the range of 7700-7900.

INTRADAY STOCK TIPS STRATIGY: Buy Nifty in the range of 7787-7797 for targets of 7830-7850, stop loss: 7747

SECTORIAL INDICES:

Key Indices – Levels to watch out for the day
INDEX (Spot)	RESISTANCE2	RESISTANCE1	LTP	SUPPORT 1	SUPPORT 2
SENSEX	26450	26250	25714.66	25600	25400
NIFTY	7950	7880	7791.85	7750	7665
BANKNIFTY	17720	17400	16917.65	16800	16600
CNX-IT	11550	11475	11284.10	11250	11090

CORPORATE NEWS:

Lupin has received approval from the US Food & Drug Administration for anti-inflammatory drug Diclofenac Sodium.

Cairn India is set to expand its crude oil and natural gas carrying capacity by laying a new gas pipeline from its Barmer (Rajasthan) field with an investment outlay of Rs. 1,400 crore.

Gayatri Projects won multiple orders worth Rs 3318 crore from the National Highways Authority of India.

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Nifty future tips update_Aug'24

NIFTY FUTURE: 8306.35 (-0.88%)

The Nifty remained subdued on the back of follow-up selling on the last day of the week. However 50 points bounce was seen towards the end which helped index to close 90 points lower. Nifty future premium settled at 6 points. India VIX rose 0.8% and ended at 17.1

Daily Nifty Levels
 (FUT)                            R1: 8347      R2: 8387           R3: 8490
 Pivot: 8284                   S1: 8244       S2: 8181            S3: 8078

CHART INTERPRETATION:

Nifty has immediate resistance at trendline placed at 8331 mark .
Nifty has given breakout of channel formation on daily chart.
Nifty has a important support placed at 23.60 % retracement level below which sell off can be seen upto 8000.
Mechanical indicator RSI trading above 50 mark while MACD is still negative poised.

INDEX OUTLOOK:

NIFTY FUTURE TIPS: The Nifty is likely to open gap down on the back of weak global cues. It is likely to trade in the range of 8100-8260.
INTRADAY STOCK TIPS STRATIGY: Sell Nifty in the range of 8220-8230 for targets of 8170-8150, stop loss: 8255

           Key Indices – Levels to watch out for the day 

INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2
SENSEX 27725 27550 27366.07 27200 27060 NIFTY 8420 8360 8299.95 8250 8200 BANKNIFTY 18510 18290 18057.20 17950 17800
CNX-IT 12250 12130 12032.30 11870 11750

Tata Motors announced that most of the Jaguar Land Rover vehicles recently shipped to Tianjin in China may have been damaged due to explosions at the Tianjin port. The port is one of the major locations in China through which Tata Motors-owned Jaguar Land Rover imports vehicles. About 5,800 vehicles that had been shipped to China were stored at various locations in Tianjin at the time of explosion.

UPDATE_AUG'20

NIFTY FUTURE: 8505.40 (+0.28%)

Post a negative start, the Nifty was seen gaining some momentum in morning trades and recovered almost 60 points from the day’s low. However, it consolidated in the second half and finally ended only 27 points higher. Nifty future premium settled at 10 points. India VIX rose 1.95% and ended at 16.7

Daily Nifty Levels (FUT)	R1:8552	R2:8598	R3:8707
Pivot: 8489 CHART INTERPRETATION: Nifty has immediate resistance at trend line placed at 8600 mark. Nifty is trading above 200-day and 100-day SMA which is positive indication. Mechanical indicator RSI trading above 50 marks while MACD is still negative poised. INDEX OUTLOOK: NIFTY FUTURE TIPS: The Nifty is likely to open negative on the back of weak global cues. It is likely to trade in the range of 8410-8530. INTRADAY STOCK TIPS STRATIGY: Sell Nifty in the range of 8500-8510 for targets of 8470-8450, stop loss: 8530 SECTORIAL INDICES: Key Indices – Levels to watch out for the day: INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2 SENSEX 28130 28020 27931.64 27760 27580 NIFTY 8560 8520 8495.15 8420 8380 BANKNIFTY 19000 18860 18703.25 18560 18400 CNX-IT 12500 12370 12249.10 12130 12000 CORPORATE NEWS: Glenmark Pharmaceuticals said that its US subsidiary Glenmark Pharmaceuticals Inc., USA has received final approval from the US drug regulator for a generic medicine. Amtek Auto fell 30% to Rs 89 on NSE after the National Stock Exchange announced that the bourse has decided to exclude the stock from its equity derivatives segment. Everonn Education was locked at 20% upper circuit at Rs 33.05 on BSE after the company's board proposed conversion of loan into equity through preferential allotment of equity shares to the promoter group.	S1:8443	S2:8380	S3:8271