Equity Research Lab

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Date: 05TH Jan, 2018

NIFTY OUTLOOK BANKNIFTY OUTLOOK

Nifty is likely to open with a positive note
today. Intraday traders are advised to go
for the buy on dips strategy as nifty has
crossed its trend line resistance. Positional
traders are advised to book their partial
profits for the longs.
Bank nifty is also likely to open with
positive note today. Intraday traders are
advised to adopt buy on dips strategy for
the day. Positional traders are advised to
revise their stop loss at 25475 for the long
positions.

Strategy Of The Day :

Symbol LTP % Change Volume

TATASTEEL 763.45 3.88 80,82,986
Top
DRREDDY 2414.8 3.24 5,58,617
Gainer LT 1313.3 2.98 45,46,456
ASIANPAINT 1175.3 2.92 7,29,965
s
ONGC 198.75 2.74 1,27,40,860

Symbol LTP % Change Volume

TATAMOTORS 430 -0.9 83,95,377
EICHERMOT 28614 -0.7 49421 Top
BPCL 491.5 -0.69 27,20,308 Losers
POWERGRID 200.4 -0.62 23,64,782
INFY 1015 -0.62 44,73,807

TOP NEWS OF THE DAY

-ONGC may have to pay a premium to acquire government's stake in HPCL

-Infosys partners with ValGenesis to further enable digitisation in life sciences
-Tata Motors' JLR India volume surges 49 percent to 3,954 units in 2017
-Advanced Enzyme Technologies is meeting with Astute Investment Management at 4 PM today
-HCL Technologies terminates agreement with Great America Insurance Company
-Jaypee Infratech aims to complete 24,000 flats by 2020 for Rs 8,000 crore: ToI-Suzlon has asked executives to take
pay cut: Report
-ICICI Bank takes Western India Shipyard to NCLT
-Chinese Bank plans to withdraw insolvency filing against Reliance Communications