Daily market coverage 19th dec 2017

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Equity Research Lab Empowering global research Date: 19th Dec, 2017 NIFTY OUTLOOK

BANKNIFTY OUTLOOK

Nifty is likely to open with a positive note today. On the account of Gujarat election market showed a strong upside movement. Intraday traders are advised to adopt sell on rise for the session. Positional traders are advised to create fresh shorts today with a small stop loss of 10535 for the target of 10200.

Bank nifty is also likely to open with positive note. Intraday traders are advised to adopt sell on rise for the session.

Strategy Of The Day : short nifty around 10200 tgt 10150 sl 10225

Top Gainer s

Symbol VEDL HINDALCO M&M CIPLA SUNPHARMA

LTP 309.45 250.6 1521.8 591.35 529.3

% Change 3.84 3.23 2.59 2.58 2.11

Volume 1,63,92,365 1,38,33,894 42,65,351 23,79,562 40,63,126

Symbol TECHM YESBANK HCLTECH UPL COALINDIA

LTP 493.95 311.8 880.65 709.65 267.95

% Change -1.36 -1.3 -1.25 -1.14 -1.13

Volume 21,75,527 1,36,90,080 13,07,831 37,54,324 42,51,230

TOP NEWS OF THE DAY -JM Financial approves raising Rs 650 crore via securities -LT Foods' QIP opens with a floor price at Rs 79.13 per share -Bank of Baroda to consider raising additional funds on December 22 -Airtel told NPCI that it will return Rs 190 crore subsidy to original accounts: PTI -NCLT hearing on Reliance Communications deferred on lenders’ plea -Gandhi Special Tubes seeking shareholders’ approval to buyback 8.80 lakh shares at Rs 500 each -Supreme Court rules in favour of Kamat Hotels as the prior user of the word "Orchid" in dispute with Orchid Hotels-Dr Reddy's Labs reaches settlement with US government w.r.t Consumer Product Safety Act

Top Losers


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