qwertyuiopasdfghjklzxcvbnmqwerty

uiopasdfghjklzxcvbnmqwertyuiopasd
fghjklzxcvbnmqwertyuiopasdfghjklzx
cvbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmqwertyuiopasdfghjklzxc
vbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
NIFTY OUTLOOK
hjklzxcvbnmqwertyuiopasdfghjklzxc
REPORT
vbnmqwertyuiopasdfghjklzxcvbnmq
th
16 May 2017
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmrtyuiopasdfghjklzxcvbn
mqwertyuiopasdfghjklzxcvbnmqwert
yuiopasdfghjklzxcvbnmqwertyuiopas
 16th May 2017

NIFTY

NIFTY SPOT : R1:9463 R2:9471 R3:9492

PIVOT : 9450 S1:9442 S2:9429 S3:9408

NIFTY DAILY CHART

NIFTY OUTLOOK
Nifty is likely to open in a positive note with gain of xx points. Momentum indicator RSI is visiting a positive
crossover in the end of yesterday trading session. Nifty is heading towards its all time high of 9464.After a gap up
yesterday nifty sustained to have a closing with fresh numbers. Were expecting nifty to head towards 9500
mark in upcoming trading session. For positional traders it is advised to adopt buy on dips with a trailing stop
loss of 9380 for the target of 9600.For intraday traders, it is advised to go for long positions if nifty manage to
trade around its pivot level of 9450.For short players it is advised to keep a strict stop loss of 9515.
Strategy: Buy around 9450 with a stop loss of 9400 for the target of 9500.

Name Current Value Change % Chg Open High Low

FTSE 100 (May 15) 7,454.37 18.98 0.25 7,435.39 7,460.20 7,434.24
CAC 40 (May 15) 5,417.40 11.98 0.22 5,411.27 5,417.40 5,384.54
DAX (May 15) 12,807.04 36.63 0.29 12,824.05 12,832.29 12,729.49
Nikkei 225 (May
19,905.43 35.58 0.18 19,953.06 19,998.49 19,862.41
16)
Straits Times (May
3,236.18 -28.03 -0.87 3,259.14 3,259.66 3,234.88
16)
Hang Seng (May
25,305.56 -66.03 -0.26 25,413.35 25,413.35 25,228.46
16)
Taiwan Weighted
9,999.64 -37.18 -0.37 10,037.58 10,058.59 9,992.56
(May 16)
KOSPI (May 16) 2,294.19 3.54 0.15 2,306.73 2,309.00 2,283.84
SGX Nifty (May
16) 9,468.50 7 0.07 9,458.00 9,497.50 9,447.00

WWW.EQUITYRESEARCHLAB.COM
 16th May 2017

CORPORATE NEWS

Capacity of Indocount Industries has increased from 68 million meters to 90 million meters

-Brigade Enterprises in focus: Brigade Group leases 3.75 lakh square feet office space to TCS in Bangalore

-Skipper has secured new orders worth Rs 376.48 crore from national & Rs 123.73 crore from international

markets for supply of power transmission towers & telecom pole

-Sutlej Textiles board meeting on May 18 to raise funds via issue of securities

-Tata Motors ropes in Tom Flack as Chief procurement officer: ET

-ICICI Bank, HDFC Bank to cut rates to attract home buyers

-PiramalBain Capital unit in talks to buy KSK Energy's Rs 3,800 crore Chhattisgarh power plant: Mint

-Videocon eyes oil revenue to pare debt: BS

-Colgate to set up herbal presence as competition grows: BS

-Dr Reddy's Labs launches Resof tablets in India

-Maubank adopts Infosys Finacle leasing solution to drive business growth-Premier Explosives' QIP issue

opens; sets issue price at Rs 414.97 per share

WWW.EQUITYRESEARCHLAB.COM
 16th May 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

DISCLAIMER

The information and views in this report, our website & all the service we provide are believed to be
reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have
the right to choose the product/s that suits them the most. Investment in Stocks has its own risks.
Sincere efforts have been made to present the right investment perspective. The information contained
herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch
for the accuracy or the completeness thereof. This material is for personal information and we are not
responsible for any loss incurred based upon it & takes no responsibility whatsoever for any financial
profit s or loss which may arise from the recommendations above. The stock price projections shown
are not necessarily indicative of future price performance. The information herein, together with all
estimates and forecasts, can change without notice.

Equity Research Lab does not purport to be an invitation or an offer to buy or sell any financial
instrument. Analyst or any person related to Equity Research Lab might be holding positions in the
stocks recommended. It is understood that anyone who is browsing through the site has done so at his
free will and does not read any views expressed as a recommendation for which either the site or its
owners or anyone can be held responsible for. Any surfing and reading of the information is the
acceptance of this disclaimer.

Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our
calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly
or indirectly by them. If found so then Serious Legal Actions can be taken. Any surfing and reading of
the information is the acceptance of this disclaimer.

ALL RIGHTS RESERVED.

WWW.EQUITYRESEARCHLAB.COM