Equity Research Lab Empowering global research Date: 11th Jan, 2018 NIFTY OUTLOOK
BANKNIFTY OUTLOOK
Nifty is likely to open with a flat note
Bank nifty is also likely to open with flat
today. Momentum indicators are indicating
note today. Momentum indicators like
towards mixed signals. Bulls are focusing
RSI, Stochastic and MACD are indicating
on sustaining at this zone and bears are
towards mixed signals. Intraday traders
trying to break this zone. Intraday traders
are advised to adopt sell on rise strategy
are advised to be cautious for creating
for the day.
positions for a longer time period as we can face trend reversal too.
Strategy Of The Day : Short banknifty below 25560 tgt 25500 sl 25600
Top Gainer s
Symbol INFY TATAMOTORS TECHM HINDALCO MARUTI
LTP 1060.6 436 545.2 270.2 9411.8
% Change 0.79 0.62 0.57 0.52 0.38
Volume 1,31,914 1,69,295 1,07,751 1,54,042 19766
Symbol WIPRO HINDPETRO YESBANK EICHERMOT COALINDIA
LTP 322.6 420.45 336.95 27873.75 305.9
% Change -1.25 -0.97 -0.84 -0.8 -0.78
Volume 1,21,361 38232 1,83,391 1728 1,10,728
Top Losers
TOP NEWS OF THE DAY -Alok Industries says National Company Law Tribunal granted a 90-day extension in insolvency process -Orient Paper and Industries has ex-date for demerger today -Essar Steel bidders turn to SBI, ICICI Bank: Media Report -GMR to raise Rs 5,000 crore via airport business IPO: Media Report -Welspun Enterprises entered in a concession pact with Madhya Pradesh government for Dewas water supply project -Fitch assigns issuer default rating of BBB- to Power Grid -Welspun India's promoter sells stake worth Rs 350 crore -Bajaj Auto is confident of 8 percent jump in market share in 2 months -Jagatjit Industries to refinance Rs 265-cr debt
-Reliance Industries, Jai Corp in focus - RIL's Mukesh Ambani in talks to buy out Jai Corp's 24 percent stake in NMSEZ: BS