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NIFTY OUTLOOK
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REPORT
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29 June 2017
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29th June 2017

NIFTY

NIFTY SPOT : R1:9545 R2:9561 R3:9586


PIVOT : 9510 S1:9490 S2:9455 S3:9410

NIFTY INTRADAY CHART

NIFTY OUTLOOK
Nifty is likely to open in a negative note. Intraday chart is visiting the formation of double bottom pattern in 15
minute time frame. We are expecting nifty to trade above 9475 whole day as its the base level. Intraday traders
are advised to adopt buy on dips strategy. Positional traders are advised to create fresh long in next month
contract with a stop loss of 9450.

Strategy: BUY NIFTY AROUND 9480 WITH A STOP LOSS OF 9450 FOR THE TARGET OF 9530.

Name Current Value Change % Chg Open High Low


FTSE 100 (Jun 28) 7,387.80 -46.56 -0.63 7,434.36 7,445.31 7,381.36
CAC 40 (Jun 28) 5,252.90 -5.68 -0.11 5,235.83 5,273.95 5,203.90
DAX (Jun 28) 12,647.27 -23.75 -0.19 12,586.06 12,671.28 12,536.86
Nikkei 225 (Jun
20,238.85 108.44 0.54 20,260.87 20,266.59 20,199.38
29)
Straits Times (Jun
3,245.71 30.01 0.92 3,234.36 3,248.94 3,234.33
29)
Hang Seng (Jun 29) 25,892.48 208.98 0.81 25,872.93 25,918.15 25,814.80

Taiwan Weighted
10,443.68 53.13 0.51 10,442.18 10,476.51 10,433.05
(Jun 29)

SGX Nifty (Jun 29) 9,527.50 25 0.26 9,493.00 9,542.00 9,493.00

WWW.EQUITYRESEARCHLAB.COM
29th June 2017

CORPORATE NEWS
-Eris Lifesciences to list today
-Mindtree will buy back 43.2 lakh shares i.e 2.5 percent of equity at Rs 625 per share
-Godrej Industries to sell Rs 400 crore worth of shares in Godrej Agrovet IPO
-Bhushan Steel board meeting on July 5 to approve March quarter earnings
-Anil Ambani Group stocks in focus: Asset sale picks up pace
-JSW Holdings plans to lend more to Jindal's wife own entity
-Pharma companies in focus - Baddi investors tax holiday cut short by 3 years: ToI
-L&T in focus: Westinghouse to resume designing on USD 20 billion nuclear plants
-Adhunik lenders refer Adhunik Metaliks to NCLT: FE
-Amtek Auto in focus - Bharat Forge, Sona koyo, Blackstone in race to buy all or parts of Amtek Group
companies: ET
-HPCL to raise USD 500 million through dollar bonds
-GE global arm to invest USD 90 million in Rattan Indias assets: Mint
-Tata Steel subsidiary Tinplate seeks to undertake business on its own: Mint
-Piramal Enterprises in focus: Shriram Capital board approves appointment of Rajesh Laddha as MD, CEO
-Fortis Healthcare gets shareholders' nod to hike FII holding limit to 74 percent of paid-up equity capital
-US says to reopen H1B visa premium processing 'as work loads permit'-Cabinet may approve government
allowances post 7th pay commission meeting today

RCF: Government official says


-Government will divest 5 percent stake in RCF
-Floor price for RCF stake sale set at Rs 74.25 per share

Alert: RCF floor price for 5 percent stake sale set at 7.2 percent discount to Wednesday's closing price
of Rs 80 per share

Bombay Dyeing Q4
-Net profit up 89 percent at Rs 211.4 crore versus Rs 111.9 crore (YoY)
-One-time gain of 321.2 crore
-Revenue down 30.9 percent at Rs 460.2 crore versus Rs 666 crore (YoY)
-EBITDA down 93.5 percent at Rs 12.5 crore versus Rs 192.2 crore (YoY)

-EBITDA margin at 2.7 percent versus 28.9 percent (YoY)

LT Foods
-Sets up new rice processing plant at Rotterdam, Netherlands
-Made initial investment of USD 15 million at Rotterdam plant

-Initial processing capacity of Rotterdam plant is 60,000 tonne

Oil Minister Dharmendra Pradhan says


-Working on developing a gas trading hub
-Prime Minister was very clear about bringing world class bidding system in oil & gas
Sugar: Government sources say
-Government won't raise sugar import tax for now: Reuters
-Government won't allow more duty-free raw sugar imports

WWW.EQUITYRESEARCHLAB.COM
29th June 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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