Nifty Future R1: 7458 R2: 7488 R3: 7512
Pivot: 7434 S1: 7404 S2: 7380 S3: 7350
CHART INTERPRETATION ;-
Nifty spot close at 7424.65 on Thursday . nifty spot trade above 7400 and also maintain the level of 7400. Nifty may be take the support at this level and reach the new level of 7700-7900 otherwise nifty spot may be break the level of 7000 and trade below 6900-6750.
Mechanical indicator stochastic RSI move above 30 range , market need to sustain above 7500 to move upward up to 7580-7700.
INDEX OUTLOOK :-
NIFTY FUTURE:-
Nifty future closed at 7428.30 on Thursday. Nifty closed on a flat note with marginal losses on the last day of derivatives expiry for January series.
INTRADAY STRATIGY:-
Buy Nifty above the 7450 for the tgt of 7500-7550 with the sl of 7360.
CORPORATE NEWS :-
Sun Pharma
-Looking to sell some low priority Ranbaxy brands like Fortwin, Romilast etc. -Company expects valuation around Rs 270 crore for these products
Financial Technologies -
Enters into share purchase agreement with Dubai Multi Commodities Centre -To sell its 13 percent stake in DGCX to DMCC for USD 5.225 million
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