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29 March 2016
th

Nifty Tips
NIFTY SPOT: 7615.10
Nifty Future
Pivot: 7660

R1: 7708
S1: 7589

R2:7779
S2:7541

R3: 7827
S3:7470

CHART INTERPRETATION
Nifty spot close at 7615.10 on
Monday. nifty spot touch the new
level of 7700. Next major
resistance for nifty may be 7950.
Mechanical indicator stochastic
RSI also showing positive trend.

INDEX OUTLOOK
NIFTY FUTURE:- Nifty future closed at
7638.60 on Monday. Equity benchmarks
started off the week on a negative note with
the Nifty snapping six-day winning streak on
Monday, Weighed down by profit booking in
metals, banks, select pharma and auto
stocks.
INTRADAY STRATIGY:- Sell Nifty below 7600
for the tgt of 7550-7500 with the sl of 7670.

SECTORIAL INDICES

CORPORATE NEWS
TVS Motor Company announced the launch
of its new four stroke auto-geared two
wheeler, TVS XL 100 in Maharashtra.
Biocon said that the Ministry of Health,
Labour and Welfare of Japan has approved
its biosimilar insulin Glargine.
Sadbhav Infrastructure Project said that it
has been declared L1 or the lowest bidder for
the two projects by National Highways
Authority of India (NHAI).

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