Equity Research Lab :- NIFTY SPOT: 7701.70

Nifty Future R1: 7784 R2: 7840 R3: 7876

Pivot: 7829 S1: 7690 S2: 7655 S3: 7600

Chart Interpretation :-

Nifty spot seen near to its second support of 7710. Below the level of 7700 next support of nifty spot may be 7755. Continuously down trend found in Nifty .Nifty spot may touch the level of 7640 in a week.

Mechanical indicator stochastic also showing selling indication in nifty future.

 Index Outlook :-

NIFTY FUTURE: Nifty fell for the fifth consecutive trading session on Tuesday on account of weak global markets and fall in the shares of oil producers such as Cairn India and Oil and Natural Gas Corporation after crude prices tumbled to seven-year lows. Nifty settled 63.70 points down at 7,701.70.

INTRADAY STRATIGY: Sell Nifty in the range of 7700 for target of 7650-7610 stop loss: 7780.

Corporate News :- 

NHPC announced that its 120 megawatts (MW) Sewa-II power generation unit in Jammu & Kashmir (J&K) has been completely shut down for attending annual maintenance of machines for about 20 days with effect from 7 December 2015.

Unichem Laboratories has received final Abbreviated New Drug Application (ANDA) approval from the United States Food and Drug Administration (USFDA) for Irbesartan tablets USP.

L&T’s water and effluent treatment vertical has secured orders worth Rs. 1,053 crore from the Water Resources Department, Odisha Government, for the engineering, procurement and construction of 34 lift irrigation schemes across the State.

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Equity Research Lab :- NIFTY SPOT: 7765.40

Nifty Future R1: 7849 R2: 7890 R3: 7919

Pivot: 7829 S1: 7779 S2: 7750 S3: 7709

Chart Interpretation :-

Nifty spot break its first support of 7770 on Monday and made the low of 7742,below this level nifty will reach the second support of 7710.nifty also given the breakout below 61.80% according to Fibonacci.

Mechanical indicator stochastic also showing selling indication in nifty future.

Index Out look :-

NIFTY FUTURE: NSE Nifty fell for the fourth straight session on Monday as cigarette maker ITC declined over 6 % in its biggest fall in nine months due to worries about a “sin” tax, while oil producers fell after OPEC left output targets unchanged. Sensex closed 108 points down at 25,530.11, while Nifty closed 16.50 points down at 7765.40.

INTRADAY STRATIGY :- 

 Sell Nifty in the range of 7790-7770 for target of 7730-7690 stop loss: 7870.

Siemens has won a crucial order approximately worth Rs 377 crore from Indian Railways' Diesel Locomotive Works (DLW), Varanasi.

NIIT announced entering into a strategic partnership with HP for offering Post Graduate Certificate Program in software testing.

Godrej Properties announced that it has sold 300 apartments within one week at The Trees, its flagship project in Vikhroli, Mumbai.

ITC lost 7% on NSE, with the stock extending its intraday slide after a committee recommended sin/demerit rate at about 40% for tobacco and tobacco products.

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What should a normal investor do? Stock Future Tips by Equity Research Lab

The reality of share market is different. Trading is not a get rich quick idea. Instead, it takes hard work and years of practice to generate a steady income. And in the process, there are drawdowns, crashes, and periods of difficulty. Even the traders who have done very well take time to get there. They have had to struggle and learn the hard way just like everyone else. 

New traders are often surprised to learn about Stock future tips. Perhaps this is due to misconceptions about what trading is all about; likely fuelled by finance-related movies. 

We like to think of trading as a business. A business has revenues and costs, just like trading has profits and losses. Businesses start small and grow over time, just like trading capital. Businesses face recessions; traders face drawdown’s. Sometimes businesses fail, and sometimes markets can wipe traders out.  

And as there's no magic formula for a successful business, there's no magic formula for trading either. There have only equity research lab team for trading ideas and services. 

If you work a full-time job, think of trading as your part-time business. One with opportunities and risk. Our goal is not to get rich quick. Our goal is to build a successful business over time.   

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Nifty hovers around 7800, Sensex flat; ITC down 3%, HUL

The market is completly flat after a high opening. The Sensex is up 2.19 points at 25640.30 and the Nifty is up 10.25 points at 7792.15. About 1380 shares have advanced, 581 shares declined, and 91 shares are unchanged.

Sun Pharma, Hero MotoCorp, Tata Steel, HUL and Cipla are top gainers while ITC, NTPC, ONGC, Dr Reddy's Labs and Bharti Airtel are among losers in the Sensex. Essar Oil Ltd , India's second biggest private refiner, has set a floor price of Rs 146.05 a share to buy out minority shareholders, the company said in a public notice.

Essar Oil has decided to delist from local stock exchanges by buying out the non-promoter shareholding of 28.54 percent to give its promoters greater flexibility, the company said. The Bombay Stock Exchange and the National Stock Exchange had earlier approved the planned delisting of shares in Essar Oil. The share buyback would begin on December 15, the notice said.

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Equity Research Lab :- NIFTY SPOT: 7881.90

Nifty has again reached near to its crucial support of 7760 and breakdown from the same will trigger fresh selling. But, considering lined up events both on domestic and global front, we suggest trading index with option spreads rather going for a naked trade.

Nifty Future R1: 7848 R2: 7876 R3: 7895

Pivot: 7829 S1: 7801 S2: 7782 S3: 7754

CHART INTERPRETATION

Nifty is an near to first support 7770 below this level nifty will reach the second support of 7710.nifty also given the breakout below 61.80% according to Fibonacci.

Mechanical indicator stochastic also showing selling indication in nifty future.

  INDEX OUTLOOK

NIFTY FUTURE:- Nifty slid almost 160 point over the last week due to , weak rupee, some selling pressure by foreign institutional investors and concerns over US interest rate hike, due later this month.

INTRADAY STRATIGY:- Sell Nifty in the range of 7790-7770 for target of 7730-7690 stop loss: 7870.

CORPORATE NEWS

Reliance Communication has signed a pact to sell its tower and optic fibre assets in India to private equity firms TPG and Tillman Global in a deal estimated at about Rs 30,000 crore.

Sun Pharmaceutical Industries surged almost 4% after one of its subsidiaries received USFDA approval to manufacture and market generic version of Novartis’ Gleevec, used in the treatment of cancer, in America.

SJVN said it signed a memorandum of understanding (MoU) with the Saurya Urja Company of Rajasthan for allocation of land in the solar parks being developed by them in Jodhpur and Jaisalmer.

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Equity Research Lab :- NIFTY SPOT: 7864.15

Decline witnessed yesterday in Nifty index has further strengthened our conviction that negative to sideways bias is here to stay. PSU banks and cement stocks can be considered for creating fresh short positions.

Nifty Future R1: 7934 R2: 7976 R3: 8004

Pivot: 7940 S1: 7863 S2: 7835 S3: 7792

Chart interpretation :-

Nifty has an near term support placed at 7845, below this level it may touch the level of 7770 .

Mechanical indicator stochastic also showing selling indication in nifty future.

 INDEX OUTLOOK :-

NIFTY FUTURE: The Nifty is likely to open in the red, with indicator SGX Nifty trading at 7823, down 62.50 points at 7.52 am. Asian markets too have opened in the red this morning in line with the global handover. Nikkei hit a three-week low.

INTRADAY STRATIGY: Sell Nifty in the range of 7840-7830 for target of 7800-7760, stop loss: 7900

Corporate news :-

Chennai Petroleum Corporation fell 5.52% to Rs 191 on NSE on reports the company shut its refinery in Chennai yesterday, 2 December 2015, due to heavy flooding in Tamil Nadu.

Reliance Communications surged 6.56% to Rs 83.60 on NSE after the company said that 6 crore shares pledged by one of its promoter group entities have been releasesd.

Bank of Baroda fell 1.73% to Rs 170.80 on NSE, with the stock extending Wednesday's slide triggered by government ordering a forensic probe into the alleged irregularities from the bank's Ashok Vihar branch.

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Equity Research Lab :- NIFTY SPOT: 7931.35

Nifty Future R1: 7970 R2: 8009 R3: 8038

Pivot: 7940 S1: 7901 S2: 7871 S3: 7833

Chart Interpretation :-

Nifty has an near term resistence placed at 7940, above which it may touch 8050level.

Nifty is sustaining above 23% retracement where near support is placed at 7910.

Mechanical indicator RSI trading near 50 mark sign while MACD is also positive poised.

Index Outlook :-

NIFTY FUTURE: Traders should uphold cautious approach and prefer defensive for fresh long positions. On short side, stocks from PSU banks and capital goods space can be considered.

INTRADAY STRATIGY: - Sell Nifty in the range of 7955-7965 for target of 7925-7900, stop loss: 7980

Corporate news :-

Bajaj Auto rose 3% year-on-year during November, with 2.7 lakh units sold in comparison to 2.62 lakh units in the same month last year. Company’s exports, however, were down by 17% to 1.37 lakh units versus 1.67 lakh units in November 2014.

BSE will classify warrants issued by companies into a separate group, called 'W', with effect fromFriday. Currently, all types of warrants are traded under 'F' Group.

Shares of Chennai-based companies and firms with significant presence in Tamil Nadu fell on bourses as large scale floods paralysed operations across many companies.

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