Equity Research Lab 12 April Nifty Report

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    Equity Research 

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    Nifty Tips

     NIFTY SPOT !"!#.$%

      Nifty Future !!"' &(!)(*&+ !*$' Pi,ot !"$* S# !')'S(!$"* S+!$%'

    #(th -pril (%#"

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    Nifty spot close at !"!#.$% on on/ay .

    nifty spot tra/e between the range of!''%0!!%% abo,e that le,el1 nifty may betouch the new le,el of !)%%0!*'%. Ne2tma3or resistance for nifty may be !*'%.

    echanical in/icator stochastic &SI alsoshowing positi,e tren/.

    56-&T INTE&P&ET-TION

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    NIFTY F7T7&E Nifty future close/ at !!%(.#% on on/ay. Itwas a fantastic start to the truncate/ wee8 as Nifty struc8a ton while the 9SE Sense2 gallope/ o,er +%% points.

    In/ices recoupe/ earlier losses to en/ with strong gainstrac8ing positi,e global cues. The IT stoc8s were in /eman/ahea/ of the arch quarter results season that starts onFri/ay with Infosys:s among the IT bellwether to announceearnings. In/e2 hea,yweights li8e T5S an/ Infosys were topcontributors in Nifty:s upswing to/ay. eanwhile1 7S

    Presi/ent 9arac8 Obama is sche/ule/ to meet Fe/eral&eser,e 5hair ;anet Yellen to/ay. &eports in/icate the/iscussions will touch upon the economy an/ Y 9uy Nifty abo,e !!%% for the tgt of!!'%0!)%% with the sl of !"+%.

    IN=E? O7T@OOA 

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     SE5TO&I-@ IN=I5ES

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    5airn In/ia reporte/ an )B fall in oil an/gas pro/uction for the fourth quarter of

    Cscal (%#'0#" at #!.*+ barrels of oilequi,alent as compare/ to #*.$ barrels ofoil equi,alent in the same quarter last year.

    SuDlon >roup has announce/ it has bagge/a mai/en or/er of #%' < from >reen8o>roup to be e2ecute/ in -n/hra Pra/esh.

    @T has bagge/ two or/ers worth +!%million G&s (1$'".($ croreH from Petroleum=e,elopment Oman.

    5O&PO&-TE NE

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