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    Nifty Report

    Uploaded by

    ram sahu
    If upcoming results support then this positive movement would continue till 8700 levels for Nifty .The only strategy for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. and Expectations of a good monsoon have once again reinforced the confidence among market participants that the growth may come back on a good note, timely onset of the monsoons will be a positive for the markets. A strong break below 8500 will increase the downside pressure and drag it to 8400/8300. Traders can go short on a break below 8500.On the other hand, a decisive break above 8635 will ease the downside pressure and take the index futures higher to 8650 and 8700 thereafter.

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    © All Rights Reserved
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    Nifty Report

    Uploaded by

    ram sahu
    12 views3 pages
    If upcoming results support then this positive movement would continue till 8700 levels for Nifty .The only strategy for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. and Expectations of a good monsoon have once again reinforced the confidence among market participants that the growth may come back on a good note, timely onset of the monsoons will be a positive for the markets. A strong break below 8500 will increase the downside pressure and drag it to 8400/8300. Traders can go short on a break below 8500.On the other hand, a decisive break above 8635 will ease the downside pressure and take the index futures higher to 8650 and 8700 thereafter.

    Original Title

    Nifty Report(2)(1)

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    If upcoming results support then this positive movement would continue till 8700 levels for Nifty .The only strategy for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. and Expectations of a good monsoon have once again reinforced the confidence among market participants that the growth may come back on a good note, timely onset of the monsoons will be a positive for the markets. A strong break below 8500 will increase the downside pressure and drag it to 8400/8300. Traders can go short on a break below 8500.On the other hand, a decisive break above 8635 will ease the downside pressure and take the index futures higher to 8650 and 8700 thereafter.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    12 views3 pages

    Nifty Report

    Uploaded by

    ram sahu
    If upcoming results support then this positive movement would continue till 8700 levels for Nifty .The only strategy for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. and Expectations of a good monsoon have once again reinforced the confidence among market participants that the growth may come back on a good note, timely onset of the monsoons will be a positive for the markets. A strong break below 8500 will increase the downside pressure and drag it to 8400/8300. Traders can go short on a break below 8500.On the other hand, a decisive break above 8635 will ease the downside pressure and take the index futures higher to 8650 and 8700 thereafter.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    DAILY TECHNICAL OUTLOOK

    27th -July- 2016

    NIFTY SPOT: 8590.65


    Nifty Future

    R1: 8637

    R2:8682

    R3: 8713

    Pivot: 8607

    S1: 8562

    S2:8531

    S3:8486

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    CHART INTERPRETATION
    If upcoming results support then this positive movement would continue till 8700 levels for Nifty .The only strategy
    for the traders should be to hold long positions or initiate fresh long positions at every dip in the market. and
    Expectations of a good monsoon have once again reinforced the confidence among market participants that the
    growth may come back on a good note, timely onset of the monsoons will be a positive for the markets. A strong
    break below 8500 will increase the downside pressure and drag it to 8400/8300. Traders can go short on a break
    below 8500.On the other hand, a decisive break above 8635 will ease the downside pressure and take the index
    futures higher to 8650 and 8700 thereafter.

    Mechanical indicator stochastic RSI also showing consolidated trend.


    INDEX OUTLOOK
    NIFTY FUTURE: The Nifty opened and traded flat to negative, while the Sensex opened and tarded flat to
    positive on mixed global cues. The BSE Sensex opened 26.03 points up at 28,121.37, while NSE Nifty index
    opened 1.90 points down at 8,633.75. The INDIA VIX is up 1.03% at 15.8800. The BSE Mid-cap Index is
    trading up 0.46% at 12,457, whereas BSE Small-cap Index is trading up 0.37% at 12,279.
    STRATIGY: Buy Nifty Future above 8600 for the tgt of 8650 -8700 with the sl of 8530.
    SECTORIAL INDICES
    Key Indices Levels to watch out for the day
    INDEX (Spot)

    RESISTANCE 2

    RESISTANCE 1

    LTP

    SUPPORT 1

    SUPPORT 2

    SENSEX

    28350

    28150

    27976.52

    27790

    27625

    NIFTY

    8700

    8645

    8590.65

    8530

    8475

    NIFTYBANK

    19175

    19050

    18860.85

    18690

    18500

    NIFTYIT

    11150

    11000

    10877.65

    10770

    10650

    CORPORATE NEWS

    Dr. Reddys Labs reported a 75% drop in its net profit. Net profit fell from Rs 626 Cr to Rs 153 Cr for the current quarter.
    Revenue income declined by 14.2% to Rs 3,222 Cr on account of loss of business in Venezuela, and a drop in the volume
    sales in USA. Shares of the company fell by 4.6%.

    TVS Motors reported a 21% rise (YoY) in PAT from Rs 100.08 Cr to Rs 121.25 Cr for Q1FY 2017. Revenue sales grew by 12%
    whereas sales volume grew by 11%. Exports grew by 15.3% to 7 lakh units from 6.1 lakh units.

    Maruti Suzuki reported a 23% rise in net profit for the first quarter to Rs 1.486 Cr from Rs 1,208 Cr. Net sales grew by
    12.1% in monetary terms and 2.1% growth was seen in volume terms. Lower material costs and improved operational
    income contributed to the profit increment.

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    2

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