Equity Research Lab :- NIFTY SPOT: 7683.30

Nifty Future R1: 7742 R2: 7773 R3: 7823

Pivot: 7690 S1: 7660 S2: 7608 S3: 7576


CHART INTERPRETATION :-


Nifty spot shown reverse trend and took the major support at 7600 on Thursday .

Mechanical indicator stochastic and RSI also showing buying indication in nifty future.

INDEX OUTLOOK :-


NIFTY FUTURE:-


Nifty snapped a six-day losing streak on Thursday as investors bought into beaten down shares such as Reliance Industries even as sentiment remained cautious ahead of the US Federal Reserve meeting next week. .

INTRADAY STRATIGY:-

 Buy Nifty in the range of 7680-7700 for target of 7755-7810 stop loss: 7590.

CORPORATE NEWS :-

Bharat Forge has formalised a significant supply agreement with Rolls-Royce for supply of aero engine components.

Havells India announced that its wholly owned subsidiary, Havells Holdings Limited, Isle of Man proposes to enter int definitive agreement with Shanghai Feilo Acoustics Co (Feilo) to divest 80% stake in Havells Sylvania Malta BV.

Inox Wind announced that it has fully acquired Sarayu Wind Power (Tallimadugula) Pvt Ltd for an undisclosed sum.

If you want to more information regarding the Nifty future, Nifty spot, stock tips & many other call @ 8109999233 or fill form http://equityresearchlab.com/Freetrial.php




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