Equity Research Lab 1 March Nifty Report

7/24/2019 Equity Research Lab 1 March Nifty Report

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1stMarch 2016

NIFTY SPOT: 6987.0

Ni!ty Future R": 7"#6 R$: 7$8# R%:7##"

Pi&'t: 6990 S": 68$ S$:669 S%:

68


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CHART INTERPRETATINCHART INTERPRET(TION

Ni!ty s)'t c*'se at 6987.0 '+,'+-ay . Tech+ica* a+-!u+-ae+ta* '! the ar/et is ea/+i!ty brea/ the *e&e* '! 7000 S''+1but !r' that *e&e* +i!ty s)'t aybe sh' re&ersa* a+- taste +e*e&e* '! 69002670.

,echa+ica* i+-icat'r st'chastic RSIa*s' sh'i+3 bearish tre+-.


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IN4E5 OTLOO NIFTY FTRE:2 Ni!ty !uture c*'se- at 7008.9 '+

,'+-ay. The st'c/ ar/et i+ I+-ia !e** a*'st by ha*! a)erce+t '+ ,'+-ay ai- a -ay '! i*- 3yrati'+s. Ni!tya+- Ni!ty a+/ i+-e hit !resh $2ee/ *' as theu-3et as bei+3 a++'u+ce-. ,ar/et )artici)a+tsseee- -isa))'i+te- ith the a++'u+cee+ts hichsa Ni!ty breache- )ast its )re&i'us *' '! 6869.a+/i+3 st'c/s )*u+3e- a!ter the +a+ce i+ister)r')'se- a *'er2tha+2e)ecte- Rs $1000cr're t' be)r'&i-e- !'r reca)ita*isati'+ '! )ub*ic sect'r ba+/s.

INTR(4(Y STR(TI;Y:2 Se** Ni!ty e*' the 690 !'rthe t3t '! 69002680 ith the s* '! 70"0 .


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!ECTRIA" IN#ICE!


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ait*ey )rese+te- his thir-u-3et1 herei+? he stresse- '+ I+-ia+ ec'+'y@sresi*ie+ce ai-st the curre+t 3*'ba* ec'+'ictur'i*. ;'&er+e+t has 3i&e+ %.A sca* -ecittar3et I+s)ite '! 3*'ba* a+- -'estic hea-i+-s.

This -e)icts the 3'&er+e+t is ')tiistic '+ the-'estic ec'+'ic c'+-iti'+. (+'ther )'siti&e isthat the Fi+a+ce ,i+ister has +'t hi/e- the ser&iceta. ut ;ST is bei+3 !u**y i3+'re- here1 hich is+'t s' i)ressi&e. STT '+ ')ti'+s is t' be raise- t'0.0A !r' 0.0"7A.

Re*ie! t' sa** ta )ayers: The 3'&er+e+t raisesthe cei*i+3 '! ta rebate u+-er secti'+ 87( !r' Rs$000 t' Rs 000 t' *esse+ ta bur-e+ '+ i+-i&i-ua*sith i+c'e u) t' Rs *a/hs. I+crease the *iit '!-e-ucti'+ '! re+t )ai- u+-er secti'+ 80;; !r' Rs$#000 )er a++u t' Rs 600001 t' )r'&i-e re*ie! t'th'se h' *i&e i+ re+te- h'uses.


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Than$ %o&

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Equity Research Lab 1 March Nifty Report