nifty daily outlook 15 june equity research lab

7/26/2019 Nifty Daily Outlook 15 June Equity Research Lab

1/8

Equity Research

Lab:-Daily OutLook

http://equityresearchlab.com


2/8

NIFTY DAILY OUTLOOK NIFTY SPOT :8110.60


Nifty Future R1: 814 R2: 8174 R :820!

"i#ot: 8111 $1: 8084 $2: 804! $ :8022


3/8



4/8

CHART

INTERPRETATION :-


Nifty spot close at 8110.60 on Tuesday .At higher side, important level 81508!50. As long as Nifty future manages to sustain a"ove this level on intraday

declines, the trend #ill "e strong and nifty future #ill try touch further higher

levels from this level. At lo#er side, support near 8000. $urther #ea%ness isnifty future is possi"le only if Nifty future falls and stays "elo# the important

support of 8000&'50. At lo#er side nifty support level may "e in the range of

&800&&00.

(echanical indicator stochastic )*+ also sho#ing consolidated trend.


5/8



6/8

%N&'( )*+,))-:N%F+ F*+*R':

%N+R& $+R+%:


Nifty closed at 810.65 on (onday The +ndian e-uity mar%et ended on a flat note on

Tuesday amid a volatile trading session. After opening #ith a positive "ias, indices slipped

gradually through out the day led "y selling pressure in the energy, +T, oil gas andtelecom stoc%s. /o#ever, sudden "out of "uying in the realty, metals, * "an%s and

$(23 stoc%s in late trades aided the Nifty to "ounce "ac% sharply and close a"ove the

8100 mar%. The 4* (idcap and *mallcap inde closed marginally higher too.(ar%et

participants remained cautious ahead of the * $ederal )eserve7s t#oday meeting that

"egins later in the day and #orries over a referendum in 4ritain net #ee% a"out #hether

to eit the uropean nion.

4uy Nifty future a"ove 8150 for the tgt of 8!008!50 sl 80&0.


7/8

)R")R+' N'3$:


The Wholesale Price Index (WPI) for May increased at 0.79% afterrising 0.3% in !"ril and falling #y $.$0% in May $0&. This is thesecond straight increase in WPI 'hich cae after a se*enteen onth

falling s"ree.*hares of &eepa Fertili5ers a "etrochemicalsrose "y .59 after the(inistry of etroleum and 2hemical agreed to release )s 85 crores of

outstanding su"sidy money. The claims #ere due to the company in accordance

#ith the Nutrient 4ased *u"sidy :N4*;.

*hares of u"lic *ector 4an%s rallied up to 89 after the )4+ announced a

scheme for sustaina"le structuring of stressed assets. The scheme #ould allo#

the "an%s to convert up to half the loans ta%en "y corporate "orro#ers into

e-uities and ta%e control of the company.


8/8


nifty daily outlook 15 june equity research lab

Documents