qwertyuiopasdfghjklzxcvbnmqwerty

uiopasdfghjklzxcvbnmqwertyuiopasd
fghjklzxcvbnmqwertyuiopasdfghjklzx
cvbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmqwertyuiopasdfghjklzxc
vbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
NIFTY OUTLOOK
hjklzxcvbnmqwertyuiopasdfghjklzxc
REPORT
vbnmqwertyuiopasdfghjklzxcvbnmq
th
27 March 2017
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmrtyuiopasdfghjklzxcvbn
mqwertyuiopasdfghjklzxcvbnmqwert
yuiopasdfghjklzxcvbnmqwertyuiopas
 27th March 2017

NIFTY

NIFTY SPOT : R1:9131 R2:9154 R3:9175

PIVOT : 9110 S1:9087 S2:9066 S3:9042

NIFTY DAILY CHART

CHART INTERPRETATION

The major support for the nifty index is placed at 8980&8970 region as it is supported by following studies: The
high of previous two weeks consolidation is at 8980,Rising 20-day EMA, which has acted as intermediate
support in the entire up move since December 2016 lows, is placed at 8941. As per the change of polarity, yearly
high of 2016 is at 8968 is likely to reverse its role and act as support, going forward. Among oscillators, the short-
term stochastic is rebounding after approaching close to the oversold threshold and supports continuance of
pullback efforts in the coming sessions.

INDEX OUTLOOK

Nifty Future: The Nifty is likely to open flat to positive on the back of positive global cues. Its important to
sustain above 9100 to move upwards. Buy Nifty above 9130 for targets of 9170-9200, stop loss: 8990

Nifty Bank Future: Bank Nifty was able to witness some higher above 21100 ahead of the March expiry. Bank
nifty needs to sustain above 21100 for further up move. Major support for market is placed near 20750, below
which lower levels of 20500 can be seen. Buy Nifty Bank in the range above 21175, targets: 21300, stop loss:
20920.

WWW.EQUITYRESEARCHLAB.COM
 27th March 2017

SECTORAL INDICES

Key Indices Levels to watch out for the day

INDEX (Spot) RESISTANCE RESISTANCE LTP SUPPORT 1 SUPPORT 2
2 1
SENSEX 29750 29575 29421.40 29250 29075
NIFTY 9200 9150 9108.00 9050 9000
NIFTYBANK 21500 21310 21122.55 20970 20775
NIFTYIT 10950 10850 10768.95 10650 10540

CORPORATE NEWS

PNC Infratech emerged as the lowest bidder for NHAI's two highway projects worth Rs 4,130 cr in Uttar
Pradesh and Madhya Pradesh. The company has been declared the lowest bidder for the two hybrid annuity
highway projects of NHAI for an aggregate bid project cost of Rs 2,720 cr. Also, the other project pertains to
four-laning of 75 km Jhansi-Khajuraho section of NH 75/76 under NHDP III for Rs 1,410 cr.

Majesco has been selected by New Jersey-based insurance company for its multi-year modernisation program.
As a part of agreement, the insurer will leverage Majesco's enterprise consulting services and the business
transformation framework, application development & management services and the technical reference
architecture, and testing services with the automation test framework and testing repository for underwriting
and policy platform.

Plastic products manufacturer Sintex Industries received an approval from NCLT for demerger of custom
moulding and prefab businesses. Upon demerger, shareholders of Sintex Industries will get one equity share
from Sintex Plastics Technology for one share held in company. New equity shares to be issued by Sinted
Plastics Technology post demerger, will be listed on exchanges.

WWW.EQUITYRESEARCHLAB.COM
 27th March 2017

ERL RESEARCH TEAM

Member Name Designation E-mail ID

Mr. Tuhinanshu Jain Research Head Tuhinanshu.jain@equityresearchlab.co.in
Mr. Yogesh Subnani Sr. Research Analyst Yogesh.subnani@equityresearchlab.co.in

DISCLAIMER

The information and views in this report, our website & all the service we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have
the right to choose the product/s that suits them the most. Investment in Stocks has its own risks.
Sincere efforts have been made to present the right investment perspective. The information contained
herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch
for the accuracy or the completeness thereof. This material is for personal information and we are not
responsible for any loss incurred based upon it & takes no responsibility whatsoever for any financial
profit s or loss which may arise from the recommendations above. The stock price projections shown
are not necessarily indicative of future price performance. The information herein, together with all
estimates and forecasts, can change without notice.

Equity Research Lab does not purport to be an invitation or an offer to buy or sell any financial
instrument. Analyst or any person related to Equity Research Lab might be holding positions in the
stocks recommended. It is understood that anyone who is browsing through the site has done so at his
free will and does not read any views expressed as a recommendation for which either the site or its
owners or anyone can be held responsible for. Any surfing and reading of the information is the
acceptance of this disclaimer.

Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our
calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly
or indirectly by them. If found so then Serious Legal Actions can be taken. Any surfing and reading of
the information is the acceptance of this disclaimer.

ALL RIGHTS RESERVED.

WWW.EQUITYRESEARCHLAB.COM