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  • Nifty Daily Outlook 20 June Equity Research Lab

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    ram sahu
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     Nifty spot close at 8170.20 on Friday . At higher side, important level 8200-8250. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8060-7950. At lower side nifty support level may be in the range of 7800-7700.

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     Nifty spot close at 8170.20 on Friday . At higher side, important level 8200-8250. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8060-7950. At lower side nifty support level may be in the range of 7800-7700.

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    © All Rights Reserved
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    22 views9 pages

    Nifty Daily Outlook 20 June Equity Research Lab

    Uploaded by

    ram sahu
     Nifty spot close at 8170.20 on Friday . At higher side, important level 8200-8250. As long as Nifty future manages to sustain above this level on intraday declines, the trend will be strong and nifty future will try touch further higher levels from this level. At lower side, support near 8000. Further weakness is nifty future is possible only if Nifty future falls and stays below the important support of 8060-7950. At lower side nifty support level may be in the range of 7800-7700.

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    © All Rights Reserved
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    Equity Research Lab:Daily OutLook

    http://equityresearchlab.com

    NIFTY DAILY OUTLOOK NIFTY SPOT :


    8170.20
    Nifty Future
    R3 :8315

    R1: 8206

    R2:8254

    Pivot: 8145
    S3 :7988

    S1: 8097

    S2: 8036

    http://equityresearchlab.com

    http://equityresearchlab.com

    CHART INTERPRETATION :Nifty spot close at 8170.20 on Friday . At higher side, important level
    8200-8250. As long as Nifty future manages to sustain above this level
    on intraday declines, the trend will be strong and nifty future will try
    touch further higher levels from this level. At lower side, support near
    8000. Further weakness is nifty future is possible only if Nifty future
    falls and stays below the important support of 8060-7950. At lower side
    nifty support level may be in the range of 7800-7700.
    Mechanical indicator stochastic RSI also showing consolidated
    trend.

    http://equityresearchlab.com

    http://equityresearchlab.com

    INDEX OUTLOOK :NIFTY FUTURE: Nifty closed at 8174.40 on Friday. The Indian equity market closed with modest
    gains
    on Friday amid a choppy session. Indices managed to clock in marginal gains
    tracking positive global cues. The realty, auto, telecom and FMCG stocks were
    the top gainers followed by metal, finance and IT stocks. On the other hand,
    healthcare, capital goods and oil & gas stocks were under pressure.

    INTRADAY STRATIGY: Buy Nifty future above 8200 for the tgt of 8250-8300 sl
    8130.

    http://equityresearchlab.com

    SECTORIAL INDICES :Key Indices Levels to watch out for the day
    INDEX (Spot)

    RESISTANCE 2

    RESISTANCE 1

    LTP

    SUPPORT 1

    SUPPORT 2

    SENSEX

    26900

    26780

    26625.91

    26450

    26275

    NIFTY

    8260

    8220

    8170.20

    8120

    8060

    NIFTYBANK

    18000

    17840

    17696.05

    17540

    17360

    NIFTYIT

    11520

    11390

    11290.80

    11190

    11080

    http://equityresearchlab.com


    CORPORATE
    NEWS:Sugar stocks fell after the government imposed a 20% customs duty on
    raw sugar as well as refined sugar. The move is likely to make sugar
    exports unviable and keep domestic prices in check.
    The boards of Max Financial and HDFC agreed to evaluate a merger in
    a bid to become the countrys largest private insurer. The merger will
    create a firm with a market value of Rs. 50,000 crores, ahead of ICICI
    Prudential Life Insurance. Shares of Max Financial Services went up by
    10.25%.
    Securities and Exchange Board of India (SEBI) is looking at a proposal
    to make Real Estate Investment Trusts (REITs) more attractive to
    investors by allowing them to invest a large portion of funds in underconstruction assets.
    http://equityresearchlab.com

    http://equityresearchlab.com

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