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NIFTY OUTLOOK
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REPORT
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20 July 2017
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 20th July 2017

NIFTY

NIFTY FUT : R1:9945 R2:9978 R3:10000

PIVOT : 9903 S1:9869 S2:9839 S3:9820

NIFTY INTRADAY CHART

NIFTY OUTLOOK
Nifty is likely to open in a marginal positive note. Bears are dragged by the bulls and we are expecting they will
be dragged till 9990.Momentum indicators are indicating towards bullish trading sessions ahead. Positional
traders are advised to cover their longs and get ready to make new shorts around 9990 with a very small stop
loss of 10101 for the target of 9600.Intraday traders are advised to adopt buy on dips strategy for the day.

Strategy: buy nifty around 9900 with a stop loss of 9850 for the target of 9990

Name Current Value Change % Chg Open High Low

FTSE 100 (Jul 19) 7,430.91 40.69 0.55 7,390.22 7,442.84 7,379.33
CAC 40 (Jul 19) 5,216.07 42.8 0.82 5,196.13 5,218.99 5,174.29
DAX (Jul 19) 12,452.05 21.66 0.17 12,468.06 12,475.17 12,418.67

Nikkei 225 (Jul 20) 20,149.41 128.55 0.64 20,046.90 20,149.41 20,032.23
Straits Times (Jul
20) 3,320.24 -4.83 -0.15 3,326.82 3,331.13 3,316.38

Hang Seng (Jul 20) 26,741.50 69.34 0.26 26,770.48 26,778.30 26,632.98

Taiwan Weighted
(Jul 20) 10,504.19 -1.91 -0.02 10,513.12 10,534.52 10,489.88

SGX Nifty (Jul 20) 9,930.00 2.5 0.03 9,928.00 9,941.00 9,903.00

WWW.EQUITYRESEARCHLAB.COM
 20th July 2017

CORPORATE NEWS
-Just Dial board meeting on July 24 to consider buyback
-Piramal Enterprises enters into JV agreement with Bain Capital, to transfer 50 percent in held in Piramal Asset
reconstruction to Bain Capital
-Bhageria Industries commissions entire 30 MV solar plant at Ahmednagar
-Elpro International board to consider rights issue
-Atlas Cycles board meeting on August 4 to consider sub division of equity shares
-Trent board approves entering into definitive agreement with Trent Hypermarket Private Limited (THPL), a JV
of the company, for acquiring their value fashion apparel business
-Dwarikesh Sugar in focus - ICRA upgrades rating from A- to A+ with stable outlook for long term loan facilities
of Rs 599.99 crore
-Kei Industries to set up manufacturing plant for LT power and control cables with an estimate cost of Rs 45-50
crore
-NCLT sanctions scheme of arrangement between Tube Investments (demerged company) and TI financial
Holdings
-JSW Steel may revise bid for assets of Monnet Ispat: ET
-Bhushan Steel and SBI lock horns over calculation of loan amount: BS
-Tata Group mulls moving all tech operations under TCS
-JSW Steel keen on Bhushan Steel and even Essar Steel: BS
-Tata Group seeks details of Air India disinvestment: Mint
-NCLT reserves orders on pleas against Bhushan firms
-DLF - Haryana government issues notice for advertising projects without registering them under RERA: ET
-No bankruptcy proceedings initiated against Amtek Auto: Report

-Bhageria Industries received government nod for commissioning of its 30 MW solar power plant at
Ahmednagar

WWW.EQUITYRESEARCHLAB.COM
 20th July 2017

ERL RESEARCH TEAM

Member Name Designation

Mr. Tuhinanshu Jain Research Head
Mr. Manish Bimal Sr. Research Analyst
Mr. Anand Sharma Research Analyst
Mr. Yash Sharma Research Analyst

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