Equity Research Lab :- NIFTY SPOT: 7861.05

Nifty Future R1: 7896 R2: 7921 R3: 7955

Pivot: 7862 S1: 7837 S2: 7803 S3: 7778


Nifty spot close at 7861.05 on Thursday ,7810 is the support of nifty spot and 7900-7950 may be

the next level of nifty spot. Market will remain close on 25th December on account of Christmas.

Mechanical indicator stochastic and RSI also showing buying movement in nifty future

CHART INTERPRETATION :

NIFTY FUTURE:-

Nifty continued their dull trade throughout the day and closed on a flat note on Thursday

on account of absence of any major triggers. Sensex settled 11.59 points down at 25,838.71,

while Nifty 50 index closed 4.90 points down at 7,861.05.

INTRADAY STRATIGY:-

Buy Nifty above the range of 7870 for target of 7920-7970 stop loss: 7790.

Key Indices – Levels to watch out for the day INDEX (Spot) RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2 SENSEX 26250 26040 25838.71 25590 25400 NIFTY 8000 7930 7861.05 7780 7720 NIFTYBANK 17220 17030 16811.00 16700 16540 NIFTYIT 11500 11350 11184.90 11090 10940

Aurobindo Pharma Ltd has received final approval from the US health regulator to manufacture and market Famotidine Tablets.

CORPORATE NEWS :-

Aurobindo Pharma Ltd has received final approval from the US health regulator to manufacture and market Famotidine Tablets used for acid reflux treatment.

Vivimed Labs said the Competition Commission has given its approval for a deal with Clariant Chemicals India to sell some of the products in its speciality chemicals division.

Biocon has introduced a novel therapy CIMIVIR-L for the treatment of Hepatitis C patients in India.

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





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