qwertyuiopasdfghjklzxcvbnmqwerty

uiopasdfghjklzxcvbnmqwertyuiopasd
fghjklzxcvbnmqwertyuiopasdfghjklzx
cvbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmqwertyuiopasdfghjklzxc
vbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
NIFTY OUTLOOK
hjklzxcvbnmqwertyuiopasdfghjklzxc
REPORT
vbnmqwertyuiopasdfghjklzxcvbnmq
th
17 May 2017
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmrtyuiopasdfghjklzxcvbn
mqwertyuiopasdfghjklzxcvbnmqwert
yuiopasdfghjklzxcvbnmqwertyuiopas
 17th May 2017

NIFTY

NIFTY SPOT : R1:9548 R2:9577 R3:9651

PIVOT : 9503 S1:9474 S2:9429 S3:9355

NIFTY INTRADAY CHART

NIFTY OUTLOOK
Nifty is likely to open in a flat note. Momentum indicator like RSI is visiting a minor divergence formation in 15-
min timeframe intraday chart. Nifty after hitting a fresh high of 9532 is ready to serve more to bulls in upcoming
trading sessions. For positional traders, it is advised them to adopt buy on dips strategy targeting on 9550 mark
with a trailing stop loss of 9440.For contra positions, it is advised to use strict stop loss of 9560.For intraday
traders, it is advised to go for long positions around 9500 with a stop loss of 9440 for the target of 9555.

Strategy: Buy nifty around 9500 with a stop loss of 9440 for the target of 9555.

Name Current Value Change % Chg Open High Low

FTSE 100 (May 16) 7,522.03 67.66 0.9 7,454.37 7,533.70 7,452.44
CAC 40 (May 16) 5,406.10 -11.3 -0.21 5,398.15 5,417.17 5,389.87
DAX (May 16) 12,804.53 -2.51 -0.02 12,787.69 12,841.66 12,776.02
Nikkei 225 (May
17) 19,794.17 -125.65 -0.63 19,806.78 19,842.78 19,764.63
Straits Times (May
17) 3,210.49 -17.22 -0.54 3,220.47 3,225.33 3,207.71
Hang Seng (May
17) 25,275.79 -60.15 -0.24 25,355.76 25,374.95 25,245.44

Taiwan Weighted
(May 17) 9,979.03 -52.46 -0.53 10,019.62 10,029.62 9,974.06
KOSPI (May 17) 2,286.27 -9.06 -0.4 2,291.56 2,295.87 2,283.01
SGX Nifty (May
17) 9,502.00 -14.5 -0.15 9,515.00 9,544.00 9,497.00

CORPORATE NEWS
WWW.EQUITYRESEARCHLAB.COM
 17th May 2017

IRB Infra has successfully completed concession period of Thane Bhiwandi Bypass Project on May 13,
2017
Lupin launches Cialis for treatment erectile dysfunction
Umang Dairies resumes operations in Gajraula
Future Enterprise to issue NCD's worth Rs 25 crore
Ganesh Ecosphere has decided to market its products i.e., Recycled Polyester Staple Fibre and Spun
Yarn, under the brand name of 'RivivereCapital First to raise Rs 150 crore via NCD's
Cox & Kings Transfers operating lease in its Cologne City hotel
Golden Tobacco Central Excise imposes penalty of Rs 29 crore
IDBI Bank Revision in ratings by Ind-Ra
BHEL Care assigns AA+ to long and short term non fund based bank facilities
VIP Clothing CRISIL rating has changed from negative to rating watch with positive implication
Abbott withdraws 3 sets of coronary balloon catheters
JSW Steel seeks iron ore linkage for orrissa plant

WWW.EQUITYRESEARCHLAB.COM
 17th May 2017

ERL RESEARCH TEAM

Member Name Designation E-mail ID

Mr. Tuhinanshu Jain Research Head Tuhinanshu.jain@equityresearchlab.co.in
Mr. Manish Bimal Sr. Research Analyst Manish.bimal@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