Nifty Outlook Report 29th june

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29 th June 2017 WWW.EQUITYRESEARCHLAB.COM NIFTY INTRADAY CHART NIFTY OUTLOOK Name Current Value Change Chg Open High Low FTSE 100 Jun 28 7387.80 -46.56 -0.63 7434.36 7445.31 7381.36 CAC 40 Jun 28 5252.90 -5.68 -0.11 5235.83 5273.95 5203.90 DAX Jun 28 12647.27 -23.75 -0.19 12586.06 12671.28 12536.86 Nikkei 225 Jun 29 20238.85 108.44 0.54 20260.87 20266.59 20199.38 Straits Times Jun 29 3245.71 30.01 0.92 3234.36 3248.94 3234.33 Hang Seng Jun 29 25892.48 208.98 0.81 25872.93 25918.15 25814.80 Taiwan Weighted Jun 29 10443.68 53.13 0.51 10442.18 10476.51 10433.05 SGX Nifty Jun 29 9527.50 25 0.26 9493.00 9542.00 9493.00 NIFTY NIFTY SPOT : R1:9545 R2:9561 R3:9586 PIVOT : 9510 S1:9490 S2:9455 S3:9410 Nifty is likely to open in a negative note. Intraday chart is visiting the formation of double bottom pattern in 15 minute time frame. We are expecting nifty to trade above 9475 whole day as it’s the base level. Intraday traders are advised to adopt buy on dips strategy. Positional traders are advised to create fresh long in next month contract with a stop loss of 9450. Strategy: BUY NIFTY AROUND 9480 WITH A STOP LOSS OF 9450 FOR THE TARGET OF 9530.

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29 th June 2017 WWW.EQUITYRESEARCHLAB.COM CORPORATE NEWS -Eris Lifesciences to list today -Mindtree will buy back 43.2 lakh shares i.e 2.5 percent of equity at Rs 625 per share -Godrej Industries to sell Rs 400 crore worth of shares in Godrej Agrovet IPO -Bhushan Steel board meeting on July 5 to approve March quarter earnings -Anil Ambani Group stocks in focus: Asset sale picks up pace -JSW Holdings plans to lend more to Jindals wife own entity -Pharma companies in focus - Baddi investors tax holiday cut short by 3 years: ToI -LT in focus: Westinghouse to resume designing on USD 20 billion nuclear plants -Adhunik lenders refer Adhunik Metaliks to NCLT: FE -Amtek Auto in focus - Bharat Forge Sona koyo Blackstone in race to buy all or parts of Amtek Group companies: ET -HPCL to raise USD 500 million through dollar bonds -GE global arm to invest USD 90 million in Rattan India’s assets: Mint -Tata Steel subsidiary Tinplate seeks to undertake business on its own: Mint -Piramal Enterprises in focus: Shriram Capital board approves appointment of Rajesh Laddha as MD CEO -Fortis Healthcare gets shareholders nod to hike FII holding limit to 74 percent of paid-up equity capital -US says to reopen H1B visa premium processing as work loads permit-Cabinet may approve government allowances post 7th pay commission meeting today RCF: Government official says -Government will divest 5 percent stake in RCF -Floor price for RCF stake sale set at Rs 74.25 per share Alert: RCF floor price for 5 percent stake sale set at 7.2 percent discount to Wednesdays closing price of Rs 80 per share Bombay Dyeing Q4 -Net profit up 89 percent at Rs 211.4 crore versus Rs 111.9 crore YoY -One-time gain of 321.2 crore -Revenue down 30.9 percent at Rs 460.2 crore versus Rs 666 crore YoY -EBITDA down 93.5 percent at Rs 12.5 crore versus Rs 192.2 crore YoY -EBITDA margin at 2.7 percent versus 28.9 percent YoY LT Foods -Sets up new rice processing plant at Rotterdam Netherlands -Made initial investment of USD 15 million at Rotterdam plant -Initial processing capacity of Rotterdam plant is 60000 tonne Oil Minister Dharmendra Pradhan says -Working on developing a gas trading hub -Prime Minister was very clear about bringing world class bidding system in oil gas Sugar: Government sources say -Government wont raise sugar import tax for now: Reuters -Government wont allow more duty-free raw sugar imports

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29 th June 2017 WWW.EQUITYRESEARCHLAB.COM ERL RESEARCH TEAM Member Name Designation E-mail ID Mr. Tuhinanshu Jain Research Head Mr. Manish Bimal Sr. Research Analyst 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.

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