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NIFTY SPOT: 7899.30 Nifty Future R1: 7941 R2:7971 R3:

8002 Pivot: 7911 S1: 7881 S2:7851 S3:7820

25th April 2016

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CHART INTERPRETATION

Nifty spot close at 7899.30 on Friday . nifty spot break the trade range of 7700-7900 above that 7900 level, nifty may be touch the new level of 7950-8100 . Next major resistance for nifty may be 7950.

Mechanical indicator stochastic RSI also showing positive trend.

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INDEX OUTLOOK NIFTY FUTURE: Nifty closed above 7911.15

on Friday. Nifty ended the choppy trade on a flat note on Friday with marginal losses on account of weak cues from global markets.

INTRADAY STRATIGY: Buy Nifty above 7930 for the tgt of 7980-8040 with the sl of 7850.

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SECTORIAL INDICES

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CORPORATE NEWS

HDFC Bank's net profit rose 20.21% to Rs 3374.22 crore on 21.15% increase in total income to Rs 18862.61 crore in Q4 March 2016 over Q4 March 2015. The bank's gross non-performing assets (NPAs) stood at Rs 4392.83 crore as on 31 March 2016 as against Rs 4255.20 crore as on 31 December 2015 and Rs 3438.38 crore as on 31 March 2015.

Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Esomeprazole Magnesium delayed-release capsules USP, 20 milligram (mg) and 40 mg, used in the treatment of gastroesophageal reflux disease.

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