Live Stock Market Updates - Nifty trades above 8,150 mark; PSU Bank, FMCG stocks rally |STOCK FUTURE TIPS|EQUITY RESEARCH LAB| 30 December

STOCK FUTURES TIPS:-

stock future tips

• The BSE Mid-cap Index is trading up 1.16% at 12,043, whereas BSE Small-cap Index is trading up 1.02% at 12,076. Aurobindo Pharma, ICICI Bank, BHEL, ITC and Grasim are among the gainers, whereas BPCL, Bharti Airtel, Bharti Infratel, Tata Motors and HDFC Bank are losing sheen on NSE.
• The Indian stock markets with the benchmarks advancing to their highest level in two-weeks. Nifty50 hits 8,150 mark on Friday. Market sentiment was also boosted after Finance Minister Arun Jaitley said that government tax collection has gone up sharply, belying fears of sharp slowdown in the economy.
• At 10:57 AM, the S&P BSE Sensex is trading at 26,579 up 213 points, while NSE Nifty is trading at 8,163 up 59 points.
• The BSE Mid-cap Index is trading up 1.16% at 12,043, whereas BSE Small-cap Index is trading up 1.02% at 12,076.
• Aurobindo Pharma, ICICI Bank, BHEL, ITC and Grasim are among the gainers, whereas BPCL, Bharti Airtel, Bharti Infratel, Tata Motors and HDFC Bank are losing sheen on NSE.
• A total of four stocks registered a fresh 52-week high in trade today, while seven stocks touched a new 52-week low on the NSE.
• Out of 1,828 stocks traded on the NSE, 357 declined, 1,026 advanced and 445 remained unchanged today.
• Some buying is observed in industrial, financial services, IT, banking, metal, power, realty and auto sectors while telecom is showing weakness on BSE.
• The INDIA VIX is down 1.06% at 15.1200.
• Tree House Education surged over 5% to Rs 18.25 after the company informed exchanges that a meeting of the board of director is scheduled to be held on Friday to consider and approve appointment of Suraj Manghnani as an additional independent non-executive director.
• Jagran Prakashan also surged over 5% to Rs 184.65 after the company said the meeting of the board of directors is scheduled to be held on Jan 5, to consider the proposal for buyback of shares. 
• Most  Asian indices opened flat with the Japanese 'Nikkei" trading in the green. The deadline to exchange old high value currency notes comes to an end today and the attention is on what Prime Minister Narendra Modi will unleash in his much anticipated speech on the eve of New Year. Reports indicate that the inconveniences of the demonetisation may soon be history as the PM is set to announce a host of measures that will propel the economy back on the growth track. The FM sought to assuage any fears by throwing up facts stating that November saw a rise in tax collection; an increase in rabi sowing, higher air traffic and increased insurance premiums.
• The government is proposing a staggered relaxation of existing restrictions on cash withdrawals from banks after 30 December. This is aimed at smoothening the transition as the Reserve Bank of India (RBI) supplies new currency notes.
• The banking sector continues to face “significant” levels of stress but the financial system remains stable overall after moves to enhance transparency, Reserve Bank of India (RBI) governor Urjit Patel said in the biannual Financial Stability Report.  

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|stock futures tips|Equity Research Lab :- Nifty Report 29 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :    R1:8079                 R2:8127                        R3:8155
PIVOT :8051            S1:8003                 S2:7975                        S3:7927

stock cash tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty – 7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: The Sensex, Nifty closed flat after paring all of their intraday gains in the last hour of trade dragged lower by a sell-off in oil and gas companies on Wednesday and ahead of the expiry of futures and options contracts of the December series due tomorrow. Weak global cues and a weak rupee dampened the sentiment. Nifty closed with a marginal gain of two points at 8,035. The India VIX (Volatility) index was up 3.04% at 15.54. On the global front, Asian markets were trading in green as many regional markets resumed trading after the long holiday weekend. While a weaker yen, higher oil prices and upbeat U.S. consumer confidence and housing data lent some support, new regulatory measures unveiled in China to bring insurers under strict supervision served to limit the potential upside to some extent. Shanghai Composite and Nikkei 225 closed lower, while Hang Seng added 1% to 21,575. European markets were trading mostly in green after upbeat U.S. economic data reinforced investor expectations for stronger economic growth under Trump presidency.

STRATEGY: Buy Nifty Future above 8050 for the target of 8100 -8150 with the stop loss of 7970.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Sunil Hitech Engineers said it won order amounting to Rs. 434 crores from the state of Arunachal Pradesh for National Highways & Infrastructure Development Corporation Ltd.
• RPP Infra Projects received order from Kamarajar Port for construction of container pre-staking yard and other ancillary facilities worth Rs 24.2 crores and work received from Annai Infra Developers, Erode for Chennai Corporation to construct the integrated storm water drains in expanded area of Chennai Corporation for worth Rs 30 crores.
• Electrosteel Steels Ltd shares rose on news report that stated that the Piramal Enterprises and the Renaissance Group are considering to jointly purchasing a 51% stake in Electrosteel Steels.

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|stock futures tips|Equity Research Lab :- Nifty Report 28 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :      R1:8082                     R2:8133                          R3:8221
PIVOT :7994              S1:7943                     S2:7855                          S3:7804

stock future tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty –7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: The Indian stocks market rallied on Tuesday on account of buying of some blue-chip counters, which were heavily over-sold in last few trading sessions and covering-up of pending short positions by speculators ahead of the December futures and options expiry on Thursday. Nifty closed with a gain of 125 points at 8,033. The buying was so fierce that not a single sectoral index on the NSE ended with losses; metal, FMCG, pharma, auto, IT, banking and realty stocks ended among the top gainers. Even the mid-cap and the small-cap stocks participated in today’s rally. The India VIX or volatility index fell more than 9% to 15.08 as benchmark indices notched up near 1.5% gains each. The rupee was trading down 21 paise at 67.94 per US dollar. On the global front, Asian stocks ended mixed on a day of thin trade as some markets were closed on account of Christmas and New Year holiday week. European stocks were trading in green today. The FTSE 100 rose 0.06%, while the CAC 40 and DAX was trading up 0.12% each.

STRATEGY: Buy Nifty Future above 8050 for the target of 8100 -8150 with the stop loss of 7970.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Glenmark Pharmaceuticals received the final approval from the US Food and Drug Administration (US-FDA) for the sale of Tretinoin Capsules, used in the treatment of leukemia.
• Kaya announced that its subsidiary - Kaya Middle East DMCC (Kaya DMCC) completed the acquisition of 75% beneficial interest in Minal Medical Centre, Dubai and Minal Specialized Clinic Dermatology, Sharjah.
• Jindal Steel and Power Ltd (JSPL) secured the approval of its lenders to restructure Rs. 7,125 Cr of its (5-7years) debt into a long term debt of 20 years. The restructuring will is likely to enhance cash flow as the interest outgo will come down significantly.

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|stock futures tips|Equity Research Lab :- Nifty Report 27 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :      R1:7955                   R2:7999                    R3:8029
PIVOT :7925              S1:7881                   S2:7852                    S3:7808

stock future tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty – 7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: The Indian Market expected to remain volatile ahead of the expiry of December series F&O contracts, as investors roll over their positions to the January series. The near month contracts will expire on the coming December 29. Sensex ended with a loss of 234 points at 25,807, While Nifty closed with a loss of 77.50 points at 7,908. Nifty fell about 1% on Monday to a seven-month low weighed by metal, realty, pharma, banking and auto stocks. The BSE Midcap and Smallcap closed down by 2% each. The India VIX, jumped 12% to 16.9050 points after Narendra Modi's comments on stock market's contribution to the government on Friday spooked traders. Finally it settled at 14.2350 up by 9.75%. The Rupee was trading up four paise at 67.78 per US dollar. On the global front, Asian markets were trading mixed. China’s Shanghai Composite index fell 0.84% to 3,279 on Monday morning, while Japan’s Nikkei fell 0.09% to 19,412. Major global markets remained shut on account of Christmas and Boxing Day holidays. In Europe, the FTSE 100 and CAC 40 were trading marginally higher, while DAX is trading in red.

STRATEGY: Buy Nifty Future above 7920 for the target of 7970 -8020 with the stop loss of 7850.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Lupin received tentative approval for its anti-hypersensitive drug Olmesartan Medoximil (5 mg, 20 mg and 40mg) from the United States Food and Drug Administration (FDA) to market in the US.
• ONGC announced that it will buy debt-ridden Gujarat State Petroleum Corporation's entire 80% stake in KG basin natural gas block for an amount of $1.2 billion. Shares closed down 2.1%.
• Larsen & Toubro’s construction arm secured projects worth a total of Rs. 3,039 Cr. The water & effluent treatment business segment won orders worth Rs. 1,422 Cr. The power transmission & distribution business segment secured major orders worth Rs. 1,036 Cr. The heavy civil infrastructure and metallurgical material handling segments secured orders worth Rs. 359 Cr and Rs. 222 Cr respectively.

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|stock futures tips|Equity Research Lab :- Nifty Report 26 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :         R1:8037                 R2:8079                        R3:8121
PIVOT :7995                 S1:7952                 S2:7910                         S3:7868

stock future tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty – 7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: The key benchmark indices snapped a seventh-day losing streak on Friday and ended on a positive note. The Nifty50 closed slightly up at 7,985, after briefly recapturing the 8,000 level. The NSE Nifty opened at 7,973 hitting a high of 8,023 and low of 7,942. Sensex ended with a gain of 61 points at 26,041. After opening on a negative note indices remained under pressure and slipped lower in the first half. However, as the day progressed, late bout of buying in the capital goods, consumer durables, oil & gas, auto, finance and utilities stocks lifted the benchmarks. On the other hand, IT, realty, FMCG, technology and pharma stocks were under pressure. The equity benchmarks erased some gains in afternoon trade due to lack of domestic as well as global cues ahead of Christmas holiday. The India VIX (Volatility) index was down 2.73% at 15.12. The BSE Midcap and Smallcap indices ended lower. The rupee was trading up 21 paise at 67.78 per US dollar.

STRATEGY: Buy Nifty Future above 8100 for the target of 8150 -8200 with the stop loss of 8030.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Cipla announced that it received a final approval for its flagship product Sereflo from the UK Medicines and Healthcare products Regulatory Agency. Shares closed up 3.7%.
• Divis Laboratories fell after it received adverse observations from the US FDA on its Vizag facility. The observations pertain to data integrity, improper controls and violations of current good manufacturing practices (cGMP). Shares tanked down 22.3%.
• State Bank of India (SBI) will begin the process of listing its insurance arm SBI Life in 2017-18. SBI Life was valued at Rs 46,000 cr during a recent stake sale in December when SBI announced it would divest 3.9 percent stake in its insurance arm for Rs 1794 cr. This made the insurer the highest valued life insurer.

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|stock futures tips|Equity Research Lab :- Nifty Report 23 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :     R1:8050               R2:8104                       R3:8142
PIVOT :8012             S1:7959               S2:7921                       S3:7867

stock future tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty –7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: Benchmark indices fell for the seventh consecutive session for the first time since March 2016, with the Sensex losing more than 300 points intraday Thursday amid thin volumes ahead of Christmas holiday. The consistent fall may be indicating that investors are worried about the impact of demonetisation on December quarter earnings, sales data and economic data due next month. upcoming cautious stance ahead of US president-elect Donald Trump's policies that will be announced in January. Sensex plunged 262.78 points or 1 % to 25979.60 and Nifty fell 82.20 points or 1.02 % to 7979.10. The BSE Midcap and Smallcap indices shedding 1.5% and 1.25 %, respectively. The market is down 10 % on both local and global factors and has faced two shocks - US Fed hike and demonetization.

STRATEGY: Buy Nifty Future above 8100 for the target of 8150 -8200 with the stop loss of 8030.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Sun Pharma plans to acquire a branded oncology product Odomzo from Novartis for an upfront payment of USD 175 million and additional milestone payments. Sun Pharma Advanced Research Company, was also in the news and went up 7 percent after receiving complete response letter from the US health regulator for preservative-free eye drop.
• Phoenix Mills shares spiked after the Canada Pension Fund signed non-binding term sheet to buy 49 percent stake in a subsidiary of the company over a 3-year period. The funds raised by subsidiary, ISML will be utilised for business development and growth purposes.
• A Delhi court has cancelled the non-bailable warrants against the two managing directors of real estate major Unitech Ltd, in a case of alleged misappropriation of Rs 500 cr collected from investors for one of its housing projects.

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|stock futures tips|Equity Research Lab :- Nifty Report 22 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :           R1:8112                    R2:8144                     R3:8163
PIVOT :8092                  S1:8060                    S2:8041                      S3:8009

stock future tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty –7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: Equity benchmarks extended losses for the sixth consecutive session on Wednesday, dragged by technology, FMCG and select banks stocks. The market started off trade on a positive note following Asian peers but erased gains in late trade on weak European cues. Investors will closely watch tomorrow's GST meeting. Sensex was down 65.60 points at 26242.38 and Nifty slipped 21.10 points to 8061.30, the lowest closing level since November 24. Nifty sectoral indices ended on a mixed note. Nifty Realty gained over 1% while Nifty FMCG dipped over 1%. While, Nifty Metal index ended on a positive note up 0.5%. The Nifty Metal index rose for the first time in four sessions led by gains in shares of Welspun Corp, Hindalco Industries and Hindustan Zinc. This positive trend was supported by a rise in rupee against the dollar. The BSE Midcap closed marginally low while BSE Smallcap closed marginally high. The India VIX (Volatility) index was up 0.84% at 14.66.

STRATEGY: Buy Nifty Future above 8100 for the target of 8150 -8200 with the stop loss of 8030.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Reliance Communications signed a binding agreement with the US asset management company Brookfield Group to sell its tower business. The company will receive an upfront cash payment of Rs. 11,000 Cr (USD 1.6 billion) on completion of the transaction, which will be used for debt reduction. Shares closed up 6.7%.
• Bajaj Hindusthan Sugar Ltd announced that its board approved the sale and transfer of co-generation power business of a capacity of 449 MW located at 14 locations to Lalitpur Power Generation Company Limited (LPGCL) for a lump sum consideration in cash of approximately Rs. 1,800 Cr.
• Pharma Major Sun Pharmaceuticals completed the acquisition of 85.1% stake in Russia based JSC Biosintez.

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|stock futures tips|Equity Research Lab :- Nifty Report 21 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :    R1:8132               R2:8164                R3:8194
PIVOT :8102           S1:8069                S2:8039                S3:8007

stock future tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty –7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: The market slipped for the fifth consecutive session Tuesday with the Nifty closing below 8100-mark, weighed by banking & financials stocks. The broader markets underperformed benchmarks with the BSE Midcap and Smallcap indices falling 1.4% and 0.9%, respectively. Sensex dropped 66.72 points to 26307.98 and Nifty slipped 21.95 points to 8082.40 amid lower trading volumes. The market breadth weakened further in last hour of trade; more than two shares declined for every share rising on the Bombay Stock Exchange. Overall the market has been rangebound, though it fell further in today's trade. The broad range for the Nifty could be 7900-8300 in short term. Most Asian indices ended down as shares in the emerging markets declined after the Bank of Japan kept its key policy rates unchanged. The Indian rupee was down as foreign banks buy dollars, likely for FPI's outflow from domestic markets.

STRATEGY: Buy Nifty Future above 8100 for the target of 8150 -8200 with the stop loss of 8030.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Granules India shares fell after the United States Food & Drug Administration (USFDA) completed the inspection of their Vizag plant with seven observations. The facility produces API and is a 50:50 JV of Granules and Ajinimoto OmniChem NV. Shares closed down 4.6%.
• IL&FS’ wholly owned subsidiary GRICL Rail Bridge Development, secured orders for building 8 railway overbridges under PPP mode by the Gujarat – R&B department for an estimated cost of Rs. 250 Cr.
• Wockhardt’s shares surged after the UK health regulator confirmed that the manufacturing facility at Chikalthana, Maharashtra complied with good manufacturing practices (GMP).

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Benchmark indices trade near the flat line |STOCK FUTURE TIPS|EQUITY RESEARCH LAB| 16 December

STOCK FUTURES TIPS:-

stock future tips

• Key benchmark indices witnessed initial volatility in early trade. At 10:18 IST, the barometer index, the S&P BSE Sensex, was down 7 points or 0.03% at 26,512.07. The Nifty 50 index was currently down 11.20 points or 0.14% at 8,142.40. Trading was lacklustre in the absence of clear direction from Asian peers.

• The Sensex lost 33.99 points or 0.12% at the day's low of 26,485.08 in morning trade. The index rose 75.48 points or 0.28% at the day's high of 26,594.55 in early trade. The Nifty lost 19.95 points or 0.24% at the day's low of 8,133.65 in morning trade. The index rose 25.10 points or 0.3% at the day's high of 8,178.70 in early trade. 

• The BSE Mid-Cap index was currently down 0.13%. The decline in this index was higher than the Sensex's decline in percentage terms. The BSE Small-Cap index was currently up 0.1%, outperforming the Sensex.

• Overseas, Asian stocks witnessed a mixed trend. A surge in banks and other financial stocks that stand to benefit from higher interest rates led US indexes to the edge of record territory yesterday, 15 December 2016.

• Closer home, the market breadth, indicating the overall health of the market, was positive. On the BSE, 1,021 shares rose and 839 shares declined. A total of 102 shares were unchanged.

• Telecom stocks edged lower. Idea Cellular (down 1.56%), Bharti Airtel (down 0.53%) and Reliance Communications (down 0.7%) declined.

• Shares of telecom tower infrastructure company Bharti Infratel were up 0.34%.

• Tata Communications rose 4.24% at Rs 657.60 after the company's subsidiary, Neotel received unconditional approval from Independent Communications Authority of South Africa (ICASA) for its acquisition by Liquid Telecom. The announcement was made after market hours yesterday, 15 December 2016.

• Tata Communications had announced on 28 June 2016, that Liquid Telecom, a pan-African telecoms group, majority owned by Econet Wireless Global, had entered into an agreement to acquire South African communications network operator Neotel, which is a subsidiary of Tata Communications.

• Thereafter, on 8 November 2016, Tata Communications had informed that the board of directors of the company at a meeting held on 8 November 2016 recommended to the shareholders of Neotel, the sale of the entire shareholding in Neotel, subject to approval of ICASA.

• Cement stocks declined. Shree Cement (down 0.71%), Ambuja Cements (down 0.92%), UltraTech Cement (down 1.71%) and ACC (down 1.82%) edged lower.

• Grasim Industries was off 0.94%. Grasim has exposure to cement sector through its holding in UltraTech Cement. 

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|stock futures tips|Equity Research Lab :- Nifty Report 15 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :     R1:8227              R2:8256                  R3:8284
PIVOT :8199             S1:8170              S2:8142                  S3:8113

stock future tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty – 7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: Nifty was down 39 points and closed at 8,182. It opened at 8,229.35 points, hitting a high of 8,229.40 and low of 8,165.10. The India VIX (Volatility) index was up 4.2% at 16.5. The BSE Midcap closed at 12241.1 and Smallcap indices closed at 12118.3, both closing marginally close to 1%. Out of 1508 stocks traded on the NSE, 1048 declined and 391 advanced today. Sentiments are in check as investors focus on the outcome of the US Central Bank announcement that is scheduled to occur later in the day. Any comments from the US Central Bank that they may hike interest rates aggressively next year could lead to a sell-off in emerging markets. The Indian Rupee was trading at 67.53 per dollar.

STRATEGY: Buy Nifty Future above 8200 for the target of 8250 -8300 with the stop loss of 8130.

   SECTORIAL INDICES   

stock cash tips

    CORPORATE NEWS      

• Lupin received the US Food & Drug Administration (USFDA) nod to market generic skin ointment - Desoximetasone Ointment USP. The product is the generic version of Taro Pharms North’s Topicort ointment in the same strength. According to September 2016 sales data, Topicort had US sales of $12.1 million.
• Dilip Buildcon secured road projects worth Rs. 917 Cr. Its subsidiary DBL Kalmath Zarap Highways received the order for rehabilitation and up-gradation of NH-66 to four-lane with paved shoulder in the state of Maharashtra under the NHDP-IV.
• Coal India reported a sharp 77% fall in its consolidated net profit to Rs. 600 Cr for Q2FY17 as against Rs. 2,654 Cr in the corresponding quarter last year, due to lower sales realization and higher provisioning on employee benefits. Net sales declined 7.7% to Rs. 15,645 Cr from Rs. 16,958 Cr in the corresponding quarter of previous year. Shares closed down 4.4%.

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|stock futures tips|Equity Research Lab :- Nifty Report 14 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :      R1:8290                R2:8324                 R3:8382
PIVOT :8233              S1:8198                S2:8141                 S3:8106

stock future tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty – 7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: Equity benchmarks staged spectacular performance on Thursday with the Sensex rising nearly 500 points intraday on short covering after yesterday's unexpected RBI action. Withdrawal of incremental CRR hike by the central bank, bargain hunting, weakness in dollar (& positive globalcues) ahead of European Central Bank meeting due later today and renewed FIIs buying interest also boosted the market sentiment. The market ended at almost one-month closing high. Sensex shot up 457.41 points or 1.74 % to 26694.28 and the Nifty climbed 144.80 points or 1.79 % to 8246.85, outperforming broader markets. We expect the upside might continue in near term due to underperformance of India compared with global markets but they don't rule out extreme volatility or consolidation ahead of Federal Reserve policy meeting next week. The BSE Midcap and Smallcap indices gained 1.5 % and 1.3 %, respectively.

STRATEGY: Buy Nifty Future above 8250 for the target of 8300 -8350 with the stop loss of 8170.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Divi’s Labs announced that the US Food and Drug Administration (USFDA) had issued a Form 483 with 5 observations for the company’s Visakhapatnam unit. The Unit 2 of the Vizag plant accounts for 70% of the company’s overall business and more than 75% of its overall capacity.
• Crompton Greaves and Pauwels Spaco terminated a share purchase agreement (SPA) for its international power business. Pauwels Spaco is a special purpose vehicle of First Reserve, a global private equity and infrastructure investor. Shares of Crompton Greaves tanked 6%.
• Tata Motors JLR Nov 2016 retail sales rose 2% YoY basis to 47,588 units. JLR registered a healthy 42% growth in China sales, and 20% in North America (largely driven by Jaguar). UK sales declined 13% and Europe reported a 6% fall due to lower growth in Land Rover sales. The stock closed up 3.6%.

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|stock futures tips|Equity Research Lab :- Nifty Report 13 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :              R1:8234                  R2:8286                     R3:8321
PIVOT :8199                     S1:8148                   S2:8112                     S3:8061

stock future tips

   CHART INTERPRETATION   

Technically, A strong break below 8000 will increase the downside pressure and drag it to 7900/7800. Traders can go short on a break below 8000.On the other hand, a decisive break above 8200 will ease the downside pressure and take the index futures higher to 8300 and 8350 thereafter. MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum. This week, the indices tested the short term average of 22dma Nifty – 8242 but could not close above it. the indices continue to remain below the medium term average of 50dma Nifty – 8430 but above the long term average of 200dma Nifty – 7600. Thus the trend in the short term and medium term timeframe remains bearish whereas the trend in the long term timeframe still continues to remain Bullish.

MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

   INDEX OUTLOOK     
NIFTY FUTURE: Nifty gained 91 points and closed at 8,170. It opened at 8,230.65 points, hitting a high of 8,230.65 and low of 8,154.45. The key trigger was the GST, wherein the committee was unable to reach a consensus on the roll out. There is a possibility that the government might fail to meet its April 1, 2017 deadline. A weak IIP data, added to the low, stating that the overall industrial output has reduced by 1.9% yoy in October. Another factor is the US Federal Reserve's Monetary Policy. The meeting is to be held on December 13-14. Industry is expecting that the US Fed will raise rates resulting in a hike of around 25 bps. The major Asian indices ended on a mixed note. Following the OPEC and non-OPEC meeting, the outcome of the meet has resulted in increase of oil prices. The prices touched its peak after nearly two years. Chinese share indices fell nearly 5%. Furthermore, European indices were weighed down by the weakness in share markets in China and Hong Kong due to the new developments in China. The India VIX index was down 6.98%. The BSE Midcap closed at 12395.65 and Smallcap indices closed at 12230.63, both losing close to 1%.

STRATEGY: Buy Nifty Future above 8200 for the target of 8250 -8300 with the stop loss of 8130.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• IRB Infrastructure Developers secured a project of six laning of Kishangarh to Gulabpura section of NH 79A and NH 79 in Rajasthan. The project length is approximately 90 kms. The company's construction order book now stands at around Rs. 11,061 Cr. Shares closed up 1.2%.
• Natco Pharma has announced launch of a generic equivalent of Tamiflu oral capsules, used for treatment of influenza (30 mg, 45 mg and 75 mg variants) through its marketing partner Alvogen in the USA market.
• Titagarh Wagons received an order for the construction of two fuel barges for the Indian Navy under its Ship-building vertical. Shares closed up 2.8%.

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