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|stock futures tips|Equity Research Lab :- Nifty Report 20 march 2017

http://equityresearchlab.com/

STOCK FUTURES TIPS:-

 

NIFTY FUTURE :           R1:9201                  R2:9230                              R3:9248
PIVOT :9183               S1:9153                   S2:9135                              S3:9106

stock future tips

stock future tips

  CHART INTERPRETATION   

We have now revised the immediate support threshold for the index upwards to 8970 region as it is the confluence of following: The upper band of previous two weeks consolidation is at 8970,Rising 20-day EMA, which has acted as intermediate support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly high of 2016 is at 8968 is likely to reverse its role and act as support, going forward.

Among oscillators, the short-term stochastic oscillator as well as the 14 period RSI are hovering in overbought territory with readings of 88 and 77, respectively.

 

   INDEX OUTLOOK     

 

Nifty Future: The Nifty is likely to open flat to negative on the back of mixed global cues. Sell Nifty in the range of 9200-9210 for targets of 9170-9140, stop loss: 9240 Nifty Bank Future: The index failed to continued its positive streak after a gap up opening and witnessed a round of short covering, helping it end below 21300. Buy Nifty Bank in the range of 21170-21220, targets: 21330-21450, stop loss: 21110

   SECTORIAL INDICES   

 

 

    CORPORATE NEWS      

  • The Goods and Services Tax (GST) Council cleared a proposal to cap the cess on tobacco and cigarettes. The cap would be 290% or Rs. 4,170 per 1,000 cigarette sticks, or a combination of the two. Stocks of ITC, VST Industries and Godfrey Phillips closed up 1.5-7.5%.
  • A parliamentary panel - Committee on Petitions, suggested the merger of state-run telecom firms BSNL and MTNL for their long-term survival. MTNL stock price closed up 2.9%.
  • United Bank of India announced that it will receive capital allocation of Rs. 418 Cr from the Government of India, as a part of turnaround linked capital infusion plan. The bank’s stock closed up by 7%.

If you want to more information regarding the Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips  call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php

 

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