NIFTY
SPOT: 8467.90
 Nifty Future |
R1: 8516
|
R2:8542
|
R3: 8589
|
Pivot: 8469
|
S1: 8442
|
S2:8395
|
S3:8368
|
CHART INTERPRETATION
ü Nifty future closed above to
psychological support at 8450on Monday.
Next logical targets for
nifty would be 8500-8650 and breaching
of 8320 would force nifty to see levels of 8105-8200. whereas the 8350-8310
will act as very strong Support levels, if once it go to 8480 then there will
higher probability for nifty to touch
8500-8650 levels.
ü Mechanical indicator stochastic
RSI also showing consolidated trend.
INDEX OUTLOOK
NIFTY
FUTURE: The Indian
stock market rallied sharply on Monday with the NSE Nifty re-conquering the
8450 mark. The momentum was so strong that not a single sectoral index on the
BSE ended in the red. The metal, auto, banking, finance, industrial, power, oil
& gas, pharma and energy stocks were the top gainers. IndusInd Bank
closed marginally lower to Rs.1,123. The bank posted a net profit of Rs.6613.80
million for the quarter ended June 30, 2016 as compared to Rs.5250.40 million
for the quarter ended June 30, 2015.
INTRADAY STRATIGY: Buy Nifty future above 8500 for the tgt of 8550-8650 sl 8430.
INTRADAY STRATIGY: Buy Nifty future above 8500 for the tgt of 8550-8650 sl 8430.
SECTORIAL INDEX
Key Indices – Levels to
watch out for the day
|
|||||
INDEX (Spot)
|
RESISTANCE 2
|
RESISTANCE 1
|
LTP
|
SUPPORT 1
|
SUPPORT 2
|
SENSEX
|
27935
|
27750
|
27626.69
|
27450
|
27290
|
NIFTY
|
8565
|
8500
|
8467.90
|
8400
|
8350
|
NIFTYBANK
|
18750
|
18580
|
18390.95
|
18250
|
18080
|
NIFTYIT
|
11320
|
11200
|
11045.95
|
10885
|
10750
|
CORPORATE NEWS
·
Indusind Bank’s net profit for Q1FY17 rose
by 26% to 661.4 Cr from 525 Cr in the corresponding quarter last fiscal. Net
interest Income grew by 38% to 1356.4 Cr for Q1FY17 from 981 Cr in the previous
year.
·
Shares of Dishman
Pharmaceuticals and Chemicals went up by 4.50% after the company announced that
inspection at its Bavla Plant in Gujarat had been successfully completed by the
US Food & Drug Administration (USFDA).
·
Shares of Punjab
National Bank went up by
9.23% after the RBI lifted a ban on fresh purchase of shares by Foreign
Investors.
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