|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.

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