Equity research lab 18th sep nifty report

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18th Sep 2017

NIFTY

NIFTY FUT : PIVOT : 10099

R1:10135 S1:10067

R2:10167 S2:10029

R3:10190 S3:10000

NIFTY DAILY CHART NIFTY OUTLOOK Nifty is likely to open with a gap up opening. Momentum indicators are indicating towards a bulls rule ahead in this week. Global market is indicating towards a bullish rally for the Indian market too. Positional traders are advice to average their longs on every -50 pts dips on nifty while for shorts it is strictly advised to use stop loss at 10175.Intraday traders are advised to adopt buy on dips strategy for today. Strategy: Long Nifty fut around 10150 t1 10200 sl 10110 Name FTSE 100 (Sep 15)

Current Value

Change

% Chg

Open

7,295.39

Low

7,215.47

-79.92

-1.11

CAC 40 (Sep 15)

5,213.91

-11.29

-0.22

5,220.89

5,237.17

5,201.97

DAX (Sep 15) Nikkei 225 (Sep 15) Straits Times (Sep 18) Hang Seng (Sep 18) Taiwan Weighted (Sep 18) SGX Nifty (Sep 18)

12,518.81

-21.64

-0.17

12,525.36

12,561.35

12,506.94

19,909.50

102.06

0.51

19,793.80

19,933.40

19,787.65

3,244.22

34.66

1.07

3,230.38

3,246.49

3,225.48

28,108.50

300.91

1.07

27,971.37

28,113.96

27,917.18

10,627.29

46.88

0.44

10,590.80

10,634.53

10,581.81

10,152.00

58

0.57

10,099.00

10,153.50

10,087.50

WWW.EQUITYRESEARCHLAB.COM

7,295.39

High

7,196.58


18th Sep 2017

CORPORATE NEWS -Listings today - Bharat Road Network, Dixon Technologies -Tata Motors' compact SUV offering Nexon will be launched on September 21 -Dr Reddy's Labs intimated exchanges about audit of API Mirfield plant, United Kingdom, by the US FDA -Mahanagar Gas starts piped natural gas (PNG) supply in Dombivaili (East) area of Maharashtra -Laurus Labs receives the EIR from USFDA, and also successfully completes the German Regulatory Authority for Unit 2 and WHO inspections for Units 1 & 3 -Balrampur Chini starts NBFC to invest in financing activities in the education sector -Govt told steel firms to keep process below Rs 40,000 per tonne: BS -Government may raise Rs 15,000 crore from IPO of New India Insurance and GIC Re: BS -Fosun Group to buy 74 percent stake in Gland Pharma for USD 1.1 billion: Mint -Hardcastle, Jubilant, Speciality, Moon Beverages, Lite Bite keen to partner McDonald's: ET -Stakeholders Empowerment Services (SES) urges Bharti shareholders to reject Telenor deal: ET -HDFC Life IPO may be pushed to Q3: ToI -ITC looking to expand by 40 new hotels with 5000 rooms in pipeline: Mint -TVS eyes electric two wheeler space, to roll out products soon: ET -Institutional investors in PTC India seek board representation: ET -Tata Sons seeks shareholders' nod to amend voting rights: ET -Cognizant draws plan to strike 5-10 deals per year -Government to sell Air India Properties owned by them: ET -BPCL eyes government stake in GAIL India for Rs18,000-20,000 crore: Mint -Cadila: Zydus' Nesher Pharma gets US FDA final nod for Oseltamivir powder-Axis Bank keeps its MCLR unchanged

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18th Sep 2017

ERL RESEARCH TEAM Member Name

Designation

Mr. Tuhinanshu Jain Mr. Manish Bimal Mr. Anand Sharma Mr. Sumit Sahu

Research Head Sr. Research Analyst Research Analyst Research Analyst

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