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NIFTY OUTLOOK
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REPORT
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30 June 2017
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30th 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. Bears are likely to serve by bulls in the party. Intraday traders are
advised to adopt sell on rise strategy for the session. Momentum indicators like rsi are indicating towards
bearish sessions ahead. Positional traders are advised to keep their stop loss at 9400 for the longs.

Strategy: short nifty around 9475 with a stop loss of 9510 for the target of 9400.

Name Current Value Change % Chg Open High Low

FTSE 100 (Jun 29) 7,350.32 -37.48 -0.51 7,387.80 7,451.95 7,341.75
CAC 40 (Jun 29) 5,154.35 -98.55 -1.91 5,268.23 5,272.94 5,143.82
DAX (Jun 29) 12,416.19 -231.08 -1.86 12,707.48 12,729.18 12,396.13
Nikkei 225 (Jun
30) 19,997.50 -222.8 -1.11 20,025.63 20,044.01 19,946.51
Straits Times (Jun
30) 3,228.89 -29.76 -0.92 3,243.79 3,246.10 3,224.17

Hang Seng (Jun 30) 25,744.01 -221.41 -0.86 25,679.64 25,767.39 25,661.43

Taiwan Weighted
(Jun 30) 10,356.63 -65.02 -0.63 10,367.26 10,385.92 10,329.84

SGX Nifty (Jun 30) 9,488.00 -41 -0.43 9,521.00 9,548.00 9,446.50

WWW.EQUITYRESEARCHLAB.COM
30th June 2017

CORPORATE NEWS

Wall Street ends lower

US stocks ended lower on Thursday with the S&P 500 and the Dow industrials suffering their worst
daily percentage drops in about six weeks largely weighed down by technology stocks.

The technology sector, which has led the S&P 500's 8-percent gain for the year, dropped 1.8 percent,
and were the worst-performing major group, said a Reuters report.

The Dow Jones Industrial Average fell 167.58 points, or 0.78 percent, to 21,287.03, the S&P 500 lost
20.99 points, or 0.86 percent, to 2,419.7 and the Nasdaq Composite dropped 90.06 points, or 1.44
percent, to 6,144.35.

SGX Nifty

The Nifty50 futures on the Singapore Stock Exchange were trading 2 points higher at 9,504 indicating
a flat opening for the domestic market. Economists polled by Reuters had expected GDP growth to be
unrevised at 1.2 percent in the first quarter.

The economy tends to underperform in that period relative to the rest of the year due to perennial
issues with the calculation of the data. The government has said it is working to resolve those issues.

US first quarter economic growth revised up

The US economy slowed less than feared in the first quarter due largely to a jump in consumer
spending. Gross domestic product increased at a 1.4 percent annual rate instead of the 1.2 percent
reported last month, the Commerce Department said in its final assessment for the period on Thursday,
said a report.

US dollar falls, bond yields edge higher

The euro and sterling rose on Thursday and US bond yields spiked as hawkish comments from central
banks signalled an end to ultra-loose monetary policy on both sides of the Atlantic, said a Reuters
report.

The dollar index touched its lowest since October before Donald Trump was elected US president. The
dollar index fell 0.46 percent, with the euro up 0.55 percent to USD 1.1439.

WWW.EQUITYRESEARCHLAB.COM
30th 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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