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NIFTY OUTLOOK
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REPORT
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th
12 June 2017
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 12th June 2017

NIFTY

NIFTY SPOT : R1:9693 R2:9715 R3:9735

PIVOT : 9678 S1:9648 S2:9630 S3:9603

NIFTY DAILY CHART

NIFTY OUTLOOK
Nifty is likely to open in a negative note. Momentum indicators like RSI are indicating towards a bearish trading
session today. Positional traders are advised to keep their stop loss for their longs at 9675 while for contras it
should be placed at 9600.Intraday traders are advised to adopt sell on rise strategy for the day.

Strategy: Short Nifty around 9665 with a stop loss of 9700 for the target of 9600

Name Current Value Change % Chg Open High Low

FTSE 100 (Jun 9) 7,527.33 77.35 1.03 7,449.98 7,545.12 7,449.73

CAC 40 (Jun 9) 5,299.71 35.47 0.67 5,275.99 5,320.17 5,266.83
DAX (Jun 9) 12,815.72 102.14 0.8 12,711.53 12,821.03 12,711.53
Nikkei 225 (Jun
19,881.93 -131.33 -0.66 19,920.77 19,949.07 19,837.64
12)
Straits Times (Jun
3,264.78 10.59 0.32 3,256.71 3,270.92 3,254.27
12)
25,698.91 -331.38 -1.29 25,925.45 25,957.78 25,689.23
Hang Seng (Jun 12)

Taiwan Weighted 10,134.78 -64.87 -0.64 10,137.04 10,158.64 10,114.94

(Jun 12)
9,618.00 -64 -0.67 9,675.00 9,687.00 9,612.50
SGX Nifty (Jun 12)

WWW.EQUITYRESEARCHLAB.COM
 12th June 2017

CORPORATE NEWS

-Indian Overseas Bank reduces the base rate to 9.45 percent from the existing of 9.50 percent effective
from July 01, 2017
-Reliance Industries commissions last crystallization train of the Para-xylene complex at Jamnagar,
doubled capacity and becomes the second largest producer of Para-xylene (PX) globally
-Corporation Bank in focus: Crisil revises outlook from negative to A/Stable
-Shriram Transport Finance approves and allots Rs 350 crore worth non-convertible debentures
(NCDs) on private placement basis
-Oriental Bank of Commerce reduces MCLR rate by 10-20bps
-Aurobindo Pharma gets tentative US FDA nod for Cigensa Norethindrone Acetate tablets
-Tata Steel/Tata Motors both companies plan to raise Rs 1,500 crore by selling bonds: Mint
-Strides Shasun promoters raise Rs 500 crore from KKR: Mint
-Gold stocks like Titan, PC Jeweller, Gitanjali Gems, TBZ etc in focus: GST rates slashed from 18
percent to 5 percent for jewellery making charges
-Shriram Transport rethinks to raise funds via masla bonds: ET
-Cairn moves arbitration panel against dividend freeze by Vedanta: PTI
-Government sources say no bailout package for telecom companies
-Power companies in focus - State companies may help rescue stressed private power plants: ET
-Inox Wind, Suzlon Energy in focus - Karnataka distribution companies barred from buying more
wind power: ET
-ONGC keen to buy HPCL, might cost over Rs 42,000 crore: PTI
-SBI cuts rates by 10 bps for home loans above Rs 75 lakh to 8.55-8.60 percent
-Met dept says June 9 rainfall 4 mm, 2 percent below normal
-Cadila Healthcare: Zydus' Nesher Pharma gets US FDA nod for Nystatin Topical powder
-Tata Communications partners with Alibaba cloud for digital solutions

WWW.EQUITYRESEARCHLAB.COM
 12th June 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

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