EQUITY

DAILY REPORT
24-12-2015

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TECHNICAL VIEW ON NIFTY: The total OI of the Nifty is 1,88,66,550 crore and change in
Open Interest is 4,36,125.
The percentage change in Open Interest is 2.37.

VIEW: Nifty ended at 7865.95 and tanks gains 79.85 points. Earlier in the
day, both the indices hit their three-week highs. The Sensex had lost
145.25 points, or 0.56 per cent, to close at 25,590.65, on Tuesday
while Nifty50 had slipped below the 7,800 mark to close at 7,786.10,
down 48.35 points. During the yearend holidays, there has been no
selling pressure from foreign investors so far. Plus, the current
account deficit has narrowed to 0.6 per cent of GDP at $8.2 billion.
Both these factors have lifted the mood of the domestic market.
Market have been rangebound over the past few sessions and would
continue to do so till the expiry of November F&O contracts next
week. Further, the metal sector which was beaten down is witnessing
buying at lower levels as valuations have turned attractive.

NIFTY STRATEGY:

BUY NIFTY ABOVE 7870 AND TO

BOOK PROFIT ON 7900 AND 7930
WITH SL OF 7840.

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NIFTY: - SUPPORT AND RESISTANCE

Support and Resistance

7830

7797

7854

7887

7911

SUPPORT 1

SUPPORT 2

PIVOT

RESISTANCE1

RESISTANCE 2

Nifty
Technical
Outloook
CANDELISTIC : BULLISH

OUTLOOK : LOOKING
BULLISH

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CASH DAILY PICK

CASH
BHEL : -

SCRIP
BHEL

BUY

TRGT

BUY

173

176

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STOPLOSS
170

GAIL: -

SCRIP
GAIL

BUY

TRGT

BUY

360

366

STOPLOSS
355

DAILY TOP GAINERS/LOSERS:SCRIP

SUPPORT
1

SUPPORT
2

PIVOT

RESISTANCE
1

RESISTANCE 2

GAIL

347

336

354

365

372

ASIANPAINT

872

869

878

881

887

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DISCLAIMER

The information contained here was gathered from sources deemed reliable
however; no claim is made as to accuracy or content. This does not contain
specific recommendations to buy or sell at particular prices or time, nor should
any examples presented be deemed as such. There is a risk of loss in equity
trading and you should carefully consider your financial position before making
a trade. This is not, nor is it intended, to be a complete study of chart patterns or
technical analysis and should not be deemed as such. Market Way Research
Advisors does not guarantee that such information is accurate or complete and it
should not be relied upon as such. Any opinions expressed reflect judgments at
this date and are subject to change without notice. For use at the sole discretion
of the investor without any liability on Market Way Research Advisors.
MARKET WAY RESEARCH ADVISORS
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