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NIFTY OUTLOOK
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REPORT
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18 May 2017
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18th May 2017

NIFTY

NIFTY SPOT : R1:9550 R2:9565 R3:9609


PIVOT : 9521 S1:9506 S2:9477 S3:9433

NIFTY DAILY CHART

NIFTY OUTLOOK
Nifty is likely to open in a negative note. Momentum indicator like RSI is visiting a minor divergence formation in
15-min timeframe intraday chart. Nifty after hitting a fresh high of 9537 is ready to serve more to bulls in
upcoming trading sessions but a correction can be seen. 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 short positions around 9500 with a stop loss of
9525 for the target of 9450.

Strategy: short nifty around 9500 with a stop loss of 9525 for the target of 9450.
Name Current Value Change % Chg Open High Low

FTSE 100 (May 17) 7,503.47 -18.56 -0.25 7,522.03 7,532.95 7,478.88
CAC 40 (May 17) 5,317.89 -88.21 -1.66 5,375.84 5,394.88 5,297.43
DAX (May 17) 12,631.61 -172.92 -1.37 12,700.12 12,786.89 12,587.45
Nikkei 225 (May
18) 19,502.08 -312.8 -1.6 19,556.99 19,601.53 19,449.73
Straits Times (May
18) 3,212.77 -11.33 -0.35 3,192.79 3,217.87 3,189.70
Hang Seng (May
18) 25,234.34 -59.29 -0.23 25,034.19 25,263.81 25,025.05

Taiwan Weighted
(May 18) 9,957.68 -55.99 -0.56 9,952.64 9,969.11 9,895.65
KOSPI (May 18) 2,282.62 -10.46 -0.46 2,271.27 2,283.70 2,267.08
SGX Nifty (May
9,488.00 -46.00 -0.48 9,540.00 9,546.00 9,447.50
18)

WWW.EQUITYRESEARCHLAB.COM
18th May 2017

CORPORATE NEWS

La Opala: Madhupur plant operations temporarily suspended


Operations suspended due to unreasonable demands by workers union
Hind Copper board approves issue of fresh equity via FPO, IIP, QIP
Fresh equity issue approval for up to 10% of existing capital (9.25 crore Shares)
Capital First
'Warburg Pincus sells 25 percent in Capital First, GIC Singapore ups stake to 14 percent'
Healthcare Global Enterprise
Launch of HCG Regency Oncology Centre in Kanpur
Adani SEZ
Intimation of Incorporation of a Wholly Owned Subsidiary Co
PVR realty firm Elan to invest Rs 550 crore and tie up with PVR
IL&FS plans Rs 15000 cr debt refinancing
ICICI Pru and SBI life topple LIC from top spot
M&M CXo. Aims at solution sales strategy going ahead
Dabur signs pact to buy 2 South African cos for a consideration of approximately Rs 24.4 Cr
Jindal Poly board meeting May 25 to consider QIP for raising funds
Reliance Infrastructures subsidiary files Section 9 petition in the Delhi High Court for urgent payment
of Arbitration Award
Capital First to raise Rs 50 crore by issue of NCD
Time Techno launches full range of structured wall plastic piping system Jumbo Bag commences
commercial production at new manufacturing unit

WWW.EQUITYRESEARCHLAB.COM
18th 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

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