|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%.

If you want to more information regarding the Stock cash tips, Stock tips,Stock futures tips, Stock futures services, Equity tips  call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php