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28th March 2016

Nifty Tips
NIFTY SPOT: 7716.50
Nifty Future
Pivot: 7720

R1: 7762
S1: 7694

R2:7788
S2:7652

R3: 7830
S3:7625

CHART
INTERPRETATION

Nifty spot close at 7716.50 on Wednesday.

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 7726.25 on Tuesday. The

Indian equity market ended with modest gains on Tuesday
amid a day of wild swings. The Nifty was seen gyrating over 80
points while Sensex swung 300 points between its intra-day
highs and low . Todays recovery was led by the realty, power,
capital goods, auto and utilities stocks. Even the Mid-Cap and
Small-Caps also participated in the late recovery.
INTRADAY STRATIGY:- Buy Nifty above 7720 for the tgt of
7770-7830 with the sl of 7640.

SECTORIAL
INDICES

CORPORATE
NEWS

Mahindra Truck and Bus Division outlined plans to double its

market share in the heavy commercial vehicle (HCV) business
within two years.
Torrent Pharma is seeking enabling approvals from its
shareholders to raise Rs. 10,500 crore through issue of shares
and other securities to fund its growth activity.
Mangalore Refinery and Petrochemicals Ltd will shut a crude
oil unit that can process 180,000 barrels of oil per day (bpd) for
a about a week from April 1 for maintenance.

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