Equity Research Lab :- NIFTY SPOT: 7784.65

Nifty Tips :- 

Nifty Future R1: 7834 R2: 7865 R3: 7892

Pivot: 7807 S1: 7776 S2: 7749 S3: 7718


Chart Interpretation :-

Nifty spot close at 7784.65 on Tuesday .Nifty spot range for tomorrow may be retain in between the level of
7750-7850.

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

Index Outlook :-


NIFTY FUTURE :-


Nifty swung between small gains and small losses on Tuesday as some blue chips recovered from steep falls in the previous session, but overall market sentiment remained cautious due to continued worries about China’s markets. Sensex ends 43 points down at 25,580, Nifty50 settles at 7,784; Tata Steel gains over 6%, IGL up over 5%


INTRADAY STRATIGY:-

Sell Nifty above the range of 7800 for target of 7750-7700 stop loss: 7835.

Corporate News :-


JLR US December sales ( Tata Motors in focus) -JLR US sales up 29.6 percent at 9,638 units versus 7,437 units (YoY) -Jaguar US sales down 28.9 percent at 1,197 units versus 1,683 units (YoY) -Land Rover US sales up 46.7 percent at 8,441 units versus 5,754 units (YoY)

Aurobindo Pharma gets tentative US FDA nod for Prasugrel abbreviated new drug application (ANDA).

Greenply Industries ex-date today for split 1:5

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