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26th April 2016
Nifty Tips
NIFTY SPOT: 7855.05
Nifty Future
Pivot: 7868
R1: 7905
S1: 7827
R2:7946
S2:7790
R3: 7983
S3:7750
CHART INTERPRETATION
Nifty spot close at 7855.05 on Monday . nifty
spot trade between the range of 7700-7900, due to
high pressure in energy, metal, oil and gas
sectors .nifty may be touch the new level of 79508100 . Next major resistance for nifty may be 7950.
Mechanical indicator stochastic RSI also showing
positive trend.
INDEX OUTLOOK
NIFTY FUTURE: Nifty closed at 7865.00 on Monday
. The market fell for third consecutive session on
Monday with the Nifty breaking 7850 level intraday,
reacting to weak global cues and stormy
Parliament session. Oil, auto, metals, pharma and
select banking & financials weighed down.
INTRADAY STRATIGY: Buy Nifty above 7900 for the
tgt of 7950-8000 with the sl of 7830.
SECTORIAL INDICES
CORPORATE NEWS
UltraTech Cement's standalone profit rose 10.9%
YoY to Rs 681.4 crore, helped by lower tax &
finance cost and better operational performance.
Revenue increased 4.7% to Rs 6,503.66 crore in
January-March quarter compared to Rs 6,211 crore
in same quarter last fiscal, driven by volume
growth.
Welspun India reported 20% YoY growth in
consolidated net profit at Rs 193 crore for the
fourth quarter ended March 2016. The textile
company had registered a profit of Rs 161 crore in
the March 2015 quarter.
Kalpataru Power Transmission Ltd (KPTL) has
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