Equity Research Lab :- NIFTY SPOT: 7928.95

STOCK TIPS :-
 
Nifty Future R1: 7948 R2: 7956 R3: 7990

Pivot: 7897 S1: 7906 S2: 7880 S3: 7864

Chart Interpretation :-

Nifty spot close at 7928.95 on Tuesday day ,nifty spot has manage the close above 7900. Next level in nifty
Spot may be 7950-7980.

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


Index Outlook :-


NIFTY FUTURE:-


Nifty closed on a flat note with marginal gains in a volatile trading session on Tuesday,
while participation remained weak due to year-end holidays and the derivatives contracts
expiry later this week. Sensex closed 45.35 points up at 26,079.48, while Nifty settled
3.80 points up at 7,928.95.

INTRADAY STRATIGY:-

Buy Nifty above the range of 7920 for target of 7960-7980 stop loss: 7890.

Corporate News :-

Srei Infrastructure Finance has entered into a share purchase agreement with BNP Paribas Lease Group and other stakeholders for sale of its 5% stake to BNP Paribas Lease Group.

Bharat Heavy Electricals fell 1.6% to Rs 168.70 on reports that the company's 4,000 megawatts Yadadri thermal power project in Telangana is at risk after deferral of terms of reference for the project due to ecological concerns.

United Breweries, United Spirits slide as Supreme Court upheld the ban on sale of liquor in Kerala.

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