NIFTY SPOT: 7276.80 BY EQUITY RESEARCH LAB

NIFTY SPOT BY EQUITY RESEARCH LAB

Nifty Future R1: 7376 R2: 7463 R3: 7524

Pivot: 7315 S1: 7228 S2: 7167 S3: 7080

CHART INTERPRETATION

Nifty spot close at 7276.85 on Thursday . nifty spot have second support of 7200. Nifty may be take the support at this level otherwise nifty spot may be break the level of 7000 and trade below 6900-6750.

Mechanical indicator stochastic near to its overselling zone , if its give the breakout and nifty spot slip below the 7200 so next level of nifty may be 7000-6800.

INDEX OUTLOOK NIFTY FUTURE:- Nifty future closed at

7290.85 with the loss of -10.00 (-0.14%). Profit-booking in blue- chips after early gains, caution ahead of earnings announcement from more key.

corporate and further weakening of the rupee, which again breached the 68 mark against the dollar also affected the market sentiments.

INTRADAY STRATIGY:- Sell Nifty below the 7250 for the tgt of 7150-7100 with the sl of 7270.

CORPORATE NEWS

L&T’s Korean joint venture firm has bagged a Rs. 3,115-crore order for construction of a new Ganga bridge in Bihar.

Max India to be replaced by Kansai Nerolac in S&P BSE 200, from January 27.

Indiabulls Real Estate Q3 -Consolidated net profit at Rs 80.4 crore versus Rs 78.7 crore (YoY) -Consolidated total income at Rs 664.4 crore versus Rs 652.1 crore (YoY) -EBITDA at Rs 205 crore versus Rs 155 crore (YoY) -EBITDA margin at 30.9 percent versus 23.8 percent (YoY)

SECTORIAL INDICES Name Change % Chg Open High Low

NIFTY 50 -32.50 -0.45 7376.65 7398.70 7250.00

NIFTY BANK 165.70 1.10 15132.20 15364.60 14918.15

SENSEX -99.83 -0.42 24194.75 24351.83 23862.00

NIFTY METAL -13.45 -0.87 1590.00 1594.50 1546.05

NIFTY PHARMA -257.05 -2.36 11241.00 11243.95 10825.50

NIFTY REALTY 147.65 0.60 149.10 149.90 145.45