NIFTY FUTURE: 7842.55 (+1.30%)
The Nifty rebounded sharply on the back of positive global cues and was able to end above its highest Put base of 7800. The recovery was primarily led by the banking and cement space while technology and pharma stocks remained sluggish. Nifty futures premium declined to 20 points while the volatility index declined further by almost 9% to 24 levels
Nifty Future R1: 7895 R2: 7937 R3: 8048
Pivot: 7827 S1: 7785 S2: 7717 S3: 7606
CHART INTERPRETATION:
Nifty find strong support at channel trendline placed 7730 below which more downside can be seen.
Mechanical indicator RSI heading towards 30 mark while MACD is also negative poised.
INDEX OUTLOOK:
NIFTY FUTURE TIPS: The Nifty is likely to open flat to negative on the back of mixed global cues. It is likely to trade in the range of 7800-7900.
INTRADAY STOCK TIPS STRATIGY: Sell Nifty in the range of 7870-7875 for targets of 7840-7820, stop loss: 7890
The Nifty rebounded sharply on the back of positive global cues and was able to end above its highest Put base of 7800. The recovery was primarily led by the banking and cement space while technology and pharma stocks remained sluggish. Nifty futures premium declined to 20 points while the volatility index declined further by almost 9% to 24 levels
Nifty Future R1: 7895 R2: 7937 R3: 8048
Pivot: 7827 S1: 7785 S2: 7717 S3: 7606
Nifty find strong support at channel trendline placed 7730 below which more downside can be seen.
Mechanical indicator RSI heading towards 30 mark while MACD is also negative poised.
INDEX OUTLOOK:
NIFTY FUTURE TIPS: The Nifty is likely to open flat to negative on the back of mixed global cues. It is likely to trade in the range of 7800-7900.
INTRADAY STOCK TIPS STRATIGY: Sell Nifty in the range of 7870-7875 for targets of 7840-7820, stop loss: 7890
|
INDEX
|
CURRENT
|
OPEN
|
HIGH
|
LOW
|
P.CLOSE
|
%
|
|
CHANGE
|
||||||
|
CNX
NIFTY
|
7,823.00
|
7,774.45
|
7,845.60
|
7,754.05
|
7,717.00
|
1.37
|
|
CNX
NIFTY
|
19,795.75
|
19,728.45
|
19,901.55
|
19,716.75
|
19,588.55
|
1.06
|
|
JUNIOR
|
||||||
|
CNX
100
|
7,973.40
|
7,927.65
|
7,999.35
|
7,910.50
|
7,869.40
|
1.32
|
|
CNX
500
|
6560.05
|
6523.45
|
6580.75
|
6515.45
|
6,475.65
|
1.30
|
|
CNX
MIDCAP
|
12876.80
|
12836.60
|
12925.40
|
12819.00
|
12,735.20
|
1.11
|
|
NIFTY
MIDCAP 50
|
3,067.85
|
3,050.70
|
3,082.80
|
3,043.30
|
3,027.00
|
1.35
|
|
BANK
NIFTY
|
16,555.40
|
16,404.95
|
16,607.40
|
16,320.55
|
16,252.70
|
1.86
|
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