|
Daily Nifty Levels
(FUT)
|
R1: 8530
|
R2: 8579
|
R3: 8674
|
|
Pivot: 8484
|
S1: 8435
|
S2: 8389
|
S3: 8294
|
CHART INTERPRETATION:
Nifty has immediate
resistance at trendline placed at 8600 mark .
Nifty
is trading above 200-day and 100-day SMA which is positive indication.
Mechanical
indicator RSI trading above 50 mark while MACD is still negative poised.
INDEX OUTLOOK:
NIFTY FUTURE TIPS: The Nifty is likely to open flat to negative on the
back of weak global cues. It is likely to trade in the range of 8400-8510.
INTRADAY STOCK TIPS STRATIGY: Buy Nifty in the range of 8435-8445
for targets of 8470-8490, stop loss: 8400
|
Key Indices – Levels to watch out for the day :
|
|||||
|
INDEX (Spot)
|
RESISTANCE 2
|
RESISTANCE 1
|
LTP
|
SUPPORT 1
|
SUPPORT 2
|
|
SENSEX
|
28130
|
28010
|
27831.54
|
27700
|
27575
|
|
NIFTY
|
8560
|
8520
|
8466.55
|
8420
|
8380
|
|
BANKNIFTY
|
19150
|
18980
|
18780.85
|
18660
|
18500
|
|
CNX-IT
|
12460
|
12300
|
12159.40
|
12000
|
11890
|
CORPORATE NEWS:
Rating agency Moody's
Investors Service today lowered India's growth forecast to 7 per cent for 2015,
from 7.5 per cent projected earlier, citing monsoon concerns and cautioned that
further risks to growth steSms from slow pace of reforms.
Adani Ports and Special
Economic Zone signed a Concession Agreement
for the development, operation and maintenance of the Vizhinjam International
Deepwater Multipurpose Seaport project.
IL&FS Transportation Networks scheduled a board meeting on 26 August 2015 to consider issue of
equity shares of the company on rights basis.
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