Nifty outlook report 11th july

Page 1

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11th July 2017

NIFTY

NIFTY FUT : PIVOT : 9752

R1:9800 S1:9712

R2:9825 S2:9647

R3:9850 S3:9607

NIFTY INTRADAY CHART NIFTY OUTLOOK Nifty is likely to open in a marginal positive note. Momentum indicators are indicating towards a strong trading session for bulls. Bulls are ready to show their hidden power after bear losses 9675 mark. Positional traders are advised to cover their shorts as we are expecting nifty to show up 10,000 soon in upcoming trading sessions. Strategy: Buy nifty around 9760 with a stop loss of 9725 for the target of 9820.

Name

Current Value

Change

% Chg

Open

High

Low

FTSE 100 (Jul 10)

7,370.03

19.11

0.26

7,350.92

7,388.02

7,344.31

CAC 40 (Jul 10)

5,165.64

20.48

0.4

5,160.70

5,179.34

5,147.67

DAX (Jul 10)

12,445.92

57.24

0.46

12,464.96

12,482.95

12,406.20

20,173.21

92.23

0.46

20,073.86

20,179.78

20,070.67

3,234.11

-12.24

-0.38

3,248.55

3,249.49

3,230.58

25,784.22

284.16

1.1

25,605.19

25,788.99

25,596.21

10,385.81

95.9

0.92

10,313.08

10,392.25

10,313.08

9,793.50

20.5

0.21

9,776.00

9,807.50

9,759.00

Nikkei 225 (Jul 11) Straits Times (Jul 11) Hang Seng (Jul 11) Taiwan Weighted (Jul 11) SGX Nifty (Jul 11)

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11th July 2017

CORPORATE NEWS -Cadila Healthcare: Zydus gets tentative US FDA nod for Lurasidone Hydrochloride tablets -Alembic Pharmaceuticals receives USFDA tentative approval for Dabigatran Etexilate capsules -SBI board approves divestment of SBI's stake in SBI Life through an IPO; offer for sale of 8 crore shares -Patel Integrated Logistics signs letter of intent to acquire a warehouse of 35000 square feet carpet area in Gujarat on 30-year lease basis with Sumar Logistics & Industrial Park -Gallantt Metal - Ind-Ra affirms A- rating to company's long term borrowing -Accel Frontline completes sale of entire shareholding in Accel systems, Singapore to Starhub -Ramco Systems - ICRA reaffirms the long term and short term credit ratings for bank facilities -Oriental Bank of Commerce revises 1-year MCLR rate to 8.45 percent from 8.5 percent -Global carriers, PE hover around Jet Airways to acquire 24 percent stake: ET -SpiceJet - Ex-promoter Maran alleges contract violation “no question of dmamges� -GTL comes clean in audit, lenders to settle debt: ET -DB Corp in talks to sell 2520MW power arm to Tata Power, CDPQ, ICICI venture: ET -Lanco Infratech encashes suppliers bank guarantees: BS -Inox Wind, Suzlon Energy in focus - GST concerns delay renewable auction in Gujarat: FE-IOC, Lanzatech sign statement of intent to construct gas-to-bioethol production unit in India

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11th July 2017

ERL RESEARCH TEAM Member Name

Designation

E-mail ID

Mr. Tuhinanshu Jain Mr. Manish Bimal

Research Head Sr. Research Analyst

Tuhinanshu.jain@equityresearchlab.co.in Manish.bimal@equityresearchlab.co.in

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