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21th -April- 2016

NIFTY SPOT: 7914.75

Nifty Future
8030
Pivot: 7927
S2:7859

R1: 7962

R2:7994 R3:

S1: 7894
S3:7826

CHART INTERPRETATION
Nifty spot close at 7914.75 on Wednesday . nifty
spot break the trade range of 7700-7900 above
that 7900 level, nifty may be touch the new level
of 7950-8100 . Next major resistance for nifty
may be 7950.
Mechanical indicator stochastic RSI also showing
positive trend.

INDEX OUTLOOK
NIFTY FUTURE: Nifty closed above
7929.85 on Wednesday .Nifty ended
higher for the sixth consecutive session
on Wednesday, supported by banking &
financials and metals stocks. Weakness
in European peers limited the upside.
INTRADAY STRATIGY: Buy Nifty above
7930 for the tgt of 7980-8040 with the sl
of 7850 .

SECTORIAL INDICES

CORPORATE NEWS
Supreme Petrochem net profit jumped 165.41% to Rs 54.33
crore on 22.91% growth in net total income from operations
to Rs 812.43 crore in Q3 March 2016 over Q3 March 2015.
TV18 Broadcast net profit declined 13.57% to Rs 82.51 crore
on 3.59% growth in total income to Rs 682.15 crore in Q4
March 2016 over Q4 March 2015.
National Aluminium Company lost 2.99% to Rs 44.20 after
the company said that due to unavoidable reasons the
meeting of board of directors scheduled to be held on 22
April 2016 to consider buyback of shares has been
postponed.

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