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Equity Research Lab 18 Febrary Nifty Report

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Nifty future closed at 7120.90 on Wednesday. indices gained momentum post the opening of European indices in green. Lower level of buying also upported thesentiment.

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Page 1: Equity Research Lab 18 Febrary Nifty Report

7/21/2019 Equity Research Lab 18 Febrary Nifty Report

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Equity Research Labempowering global research

www.equityresearchlab.com

Page 2: Equity Research Lab 18 Febrary Nifty Report

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 NIFTY SPOT: 7108.4 

Ni!ty Future R1: 7181 R": 7"41R#: 7#48

Pi$%t: 7074 S1: 7014 S": &'07

S#: &847

18 February "01&

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Nifty spot close at 7108.45 on Wednesday . echnical and fundamental of the mar!et is

wea! "o may be nifty reach the le#el of7$00 "oon% but from that le#el nifty spotmay be show re#ersal and taste new le#elof &'00(&750.

)echanical indicator stochastic *"+ alsoshowing bearish trend.

()*RT INTERPRET*TION

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NIFTY F+T+RE,( Nifty  future closed at

71-0.'0 on Wednesday. indices gainedmomentum post the opening of uropeanindices in green. /ower le#el of buying alsosupported the sentiment.

INTR*,*Y STR*TI-Y : uy Nifty abo#e

the 7150 for the tgt of 7-00(7-50 with thesl of 7070.

IN,E/ O+TLOO

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ey I2ices 3 Le$es t% 5atch %ut !%r the 2ay

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-e6ar Phar6aceuticas +S uit has bee rate2tetati$e a99r%$a by the +ite2 States F%%2 ,ru*26iistrati% ;+SF,*< !%r its *=eaic *ci2 -e> 1?> theeeric $ersi% %! Fiacea T%9ica -e> 1? %! @ayer

)eathcare. 

T(S a%uce2 auch %! ,iita Rei6aiati% Stu2i% iSiic% Aaey> 2esie2 t% he9 cust%6ers a2 9artersra9i2y i2eate b%2 e5 i%$ati%s a2 bui2 i2ustry

chai c%ce9ts.

@a %! I2ia sai2 that Sta2ar2 P%%rBs ;SP< Ratisre$ise2 its %ut%% % the ba t% Beati$eB !r%6 BstabeB.

(ORPOR*TE NECS

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