NIFTY TIPS

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27th April 2016

Nifty Tips
NIFTY SPOT: 7962.65
Nifty Future R1: 8036
R2:8094 R3: 8196
Pivot: 7934 S1: 7877
S2:7775 S3:7715

CHART
INTERPRETATION
Nifty spot close at 7962.65 on Tuesday . In the morning

nifty spot open gap down &trade between the range of

7800-7900 .nifty spot showing recovery from the day low
and break the its psychological level of 7950 which is seen
as its major hurdle ,which nifty did not manage to cross. On
Tuesday nifty closed above the 7950 and also closed above
its 200 simple moving average . Technically nifty Spot, if
manage the level of 7950-7980,So new level of 8100-8250
will be seen in nifty spot soon.
Mechanical indicator stochastic RSI also showing positive
trend.

INDEX OUTLOOK
NIFTY FUTURE:- Nifty closed at 7979.15 on Tuesday. After a

sluggish start, markets surprisingly rallied sharply to end

about 1.4 per cent higher for the day. European markets
traded higher when they opened, which provided support
to Indian markets. The US Fed meets today and a decision
on interest rates is expected tomorrow. Apart from this,
good results from large companies such as Maruti and
Reliance also kept sentiments positive.
INTRADAY STRATIGY:- Buy Nifty above 7980 for the tgt of
8030- 8080
with the sl of 7920.

SECTORIAL INDICES

CORPORATE NEWS
PPF interest rates have been reduced from 8.7% to 8.1%, while that on 5 year

recurring deposit has been reduced to 7.4% from 8.4%. The interest rate on
Kisan Vikas Patra has been slashed to 7.8% from 8.7%. Besides, the
government also has slashed interest rates on 3-year time deposit to 7.4%
from 8.4%; 5 year time deposit to 7.9% from 8.5% and on girl child scheme to
8.6% from 9.2%.
Telecom index gained 1.4% to 1265.10 points at the closing bell on Friday

from its previous close of 1246.96 points. Telecom stocks are rallying for the
second consecutive session. A relief to telcos, Supreme Court on March 17
asked Telecom Regulatory Authority of India (TRAI) to consider partial rollback of call drop penalty.
Torrent Pharmaceuticals Ltd stock closed 4% higher at Rs. 1312. The company

received environment inspection report from USFDA for plant located at Dahej
SEZ
in
Gujarat
state,
according
to
reports.
3 out of 5 manufacturing plants of the company now have an FDA approval,
The scrip opened at Rs. 1271 and touched a high and low of Rs. 1319 and Rs.
1263.7 respectively.

Thank You

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