Stock tips stratigy

NIFTY SPOT: 8355.85 (+0.08%)           

               

          Post a gap up opening of around 65 points, the Nifty future tips was unable to carry on further momentum. However, throughout the session, it saw profit booking. At the close, it ended marginally up by 7 points up. Nifty future premium settled at 25 points. India VIX fell 2.5% and ended at 17.0

Daily Nifty Tips (FUT)	R1: 8397.00	R2: 8458.10	R3: 8486.75
Pivot: 8368.35	S1: 8307.25	S2: 8278.60	S3: 8217.50

 

Nifty didn’t recover after giving trendline breakout and sustained below 8385 level. 

Nifty has immediate support  at  horizontal line placed at 8321 mark below this next support  will come near 8265mark.
Nifty is trading below  200-day and 100-day SMA which is a negative indication. 

Mechanical indicator RSI breaks its support of  43mark  and MACD is still negative poised. 

NIFTYFUTURE Tips: The Nifty is likely to open flat to positive on the back of mixed global cues. It is likely to trade in the range of 8350-8450. 
INTRADAY Stock Tips STRATIGY: Buy Nifty in the range of 8365-8370 for targets of    8400-8420, stop loss: 8330

 

Key Indices – Levels to watch out for the day
INDEX (Spot)	RESISTANCE 2	RESISTANCE 1	LTP	SUPPORT 1	SUPPORT 2
SENSEX	27845	27700	27549.53	27360	27200
NIFTY	8460	8410	8355.85	8300	8250
BANKNIFTY	18450	18300	18175.40	18030	17900
CNX-IT	12300	12145	11956.10	11860	11740

       

China weakened its currency for the third consecutive day Thursday. The central bank trimmed the reference rate for the yuan - also known as the renminbi (RMB) - by 1.11% to 6.4010 yuan for $1.

·  Crompton Greaves has secured orders worth Rs 300 crore from Power Grid, for supply, erection, testing and commissioning of power transformers at various substations across India. 
Page Industries net profit rose 16.35% to Rs 63.18 crore in the quarter ended June 2015 as against Rs 54.30 crore during the previous quarter ended June 2014.