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Nifty Tips
VE REPORT 29 TH MARCH
www.equityresearchlab.com/
NIFTY FUTUR
E
Sensex closed 371.16 points down at 24,966.40, while Nifty 50 index settled
101.40 points down at 7,615.10.Nifty plunged more than 1 per cent on
Monday on account of profit booking in recent outperformers ahead of a
busy week of events, including the release of US economic data and the
expiry of domestic derivative contracts.
Technical views:
Nifty future closed at 7638.60 on Monday. Nifty closed below the 7700.
nifty may continue bullish trend further, next resistance for nifty may be
7950.
Technical views:
Bank nifty touch the new level of 16000 and consolidated at that level
,some more range bound movement may be seen in bank nifty above the
level of 16000 bank nifty may be show the level of 16400-16800.
USD/INR
The Indian rupee gained further in the early trade on Friday. It opened
higher by 11 paise at 67.23 per dollar versus previous close 67.34. We expect
rupee to test 67.20/dollar levels. This may act as a technical hurdle and we
expect some weakness post this level. Any profit booking in domestic
equities will also help dollar gain. We expect the USD-INR to trade in a
range of 67.20-67.80/dollar today.
USDINR STRATEGY R1 66.77 R2 67.00
Pivot Point 68.58 S1 66.43 S2 S2 66.32
EUROPEAN MARKET
European markets finished lower as of the most recent closing prices. The D
AX fall 1.74% and the CAC 40 fall 2.18%. The FTSE 100 lost 1.52%.
ASIAN MARKET
Asian markets finished mixed as of the most recent closing prices. The Nikkei
225 gained 0.77%, while the Hang Seng led the Shanghai Composite lower.
They fell 1.31% and 0.73% respectively.
Thank You