|stock futures tips|Equity Research Lab :- Nifty Report 07 December

STOCK FUTURES TIPS:-

NIFTY FUTURE :              R1:8206                      R2:8243                        R3:8268
PIVOT :8181                     S1:8144                       S2:8119                         S3:8082

free trading 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 ended Tuesday's session on a positive note but failed to hold 8150 level due to late sell-off in private banking & financials and auto stocks. Investors remained cautious ahead of the outcome of monetary policy committee meeting tomorrow. Sensex was up 43.66 points at 26392.76, and Nifty gained 14.40 points at 8143.15 after hitting an intraday high of Rs 8178.70 while the broader markets outperformed. The recent recovery in the market after falling below 8000 level indicated that a 25 basis points cut in repo rate is largely priced in. Now all eyes are on commentary of the Reserve Bank of India. Continuous underperformance from banking pack is keeping the uncertainty intact and we feel it'll finally be over on Wednesday i.e. December 7, with the announcement of Monetary Policy Committee's decision on key rates

STRATEGY: Buy Nifty Future above 8150 for the target of 8200 -8250 with the stop loss of 8070.

   SECTORIAL INDICES   

    CORPORATE NEWS      

• Future Retail reported a 5.3% revenue growth QoQ to Rs. 4,191.5 Cr in Q2FY17 as against Rs. 3,979.7 Cr in the previous quarter. Net Profit increased by 4.2% QoQ at Rs. 73.6 Cr against Rs. 70.6 Cr in the previous quarter. EBITDA margin expanded 128 bps to 9.4%.
• Lupin received the tentative approval for a generic version of Diclofenac capsules, used in pain management of osteoarthritis, from US Food and Drug Administration.
• Tata Power Ltd Strategic Engineering Division (SED) has won a Rs. 200 Cr order from the defence ministry for supplying one regiment of command post and launcher of Pinaka multi-rocket launch system. The order won by Tata Power SED includes supply of 20 launchers and eight command posts. Shares closed up 2.9%.

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