qwertyuiopasdfghjklzxcvbnmqwerty

uiopasdfghjklzxcvbnmqwertyuiopasd
fghjklzxcvbnmqwertyuiopasdfghjklzx
cvbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmqwertyuiopasdfghjklzxc
vbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
NIFTY OUTLOOK
hjklzxcvbnmqwertyuiopasdfghjklzxc
REPORT
vbnmqwertyuiopasdfghjklzxcvbnmq
th
19 May 2017
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmrtyuiopasdfghjklzxcvbn
mqwertyuiopasdfghjklzxcvbnmqwert
yuiopasdfghjklzxcvbnmqwertyuiopas
 19th May 2017

NIFTY

NIFTY SPOT : R1:9484 R2:9528 R3:9598

PIVOT : 9458 S1:9414 S2:9388 S3:9318

NIFTY DAILY CHART

NIFTY OUTLOOK
Nifty is likely to open in a positive note. Momentum indicator like RSI is showing some positive move in nifty.
However derivative data is indicating towards trend reversal in nifty as open interest is not shifting its native
place from 9500.Positional traders are advised to keep their trailing stop loss at 9430 for long positions while
contra positions should be squared off at 9525.Intraday traders are advised to go for short nifty around 9500
with a stop loss of 9530 for the target of 9450.

Strategy: short nifty around 9500 with a stop loss of 9530 for the target of 9450.

Name Current Value Change % Chg Open High Low

FTSE 100 (May 18) 7,436.42 -67.05 -0.9 7,503.47 7,503.68 7,389.26
CAC 40 (May 18) 5,289.73 -28.16 -0.53 5,309.91 5,322.70 5,238.51
DAX (May 18) 12,590.06 -41.55 -0.33 12,608.19 12,634.26 12,489.95
Nikkei 225 (May
19) 19,571.82 17.96 0.09 19,591.41 19,599.99 19,497.29
Straits Times (May
19) 3,218.85 -2.81 -0.09 3,217.84 3,226.69 3,213.76
Hang Seng (May
19) 25,210.65 74.13 0.29 25,171.66 25,221.90 25,124.06

Taiwan Weighted
(May 19) 9,960.29 -9.16 -0.09 9,970.40 9,979.73 9,947.14
KOSPI (May 19) 2,289.95 3.13 0.14 2,286.78 2,292.85 2,282.13
SGX Nifty (May 19) 9,490.00 56.00 0.59 9,458.50 9,494.00 9,414.5

WWW.EQUITYRESEARCHLAB.COM
 19th May 2017

CORPORATE NEWS

Results Today: SBI, Grasim Industries, Tata Power, Motherson Sumi, Suzlon, Sintex, Just Dial, Aarti Industries,
Glaxosmithkline Pharma, K E C International, Mahindra Holidays, V-Guard Industries, Chambal Fertilisers, RCF,
IFCI, Abbott India, Action Construction Equipments, Balasore Alloys, Bharat Bijlee, Claris Lifesciences, Dhanuka
Agritech, Titagarh Wagons, Elecon Engineering, Electrosteel Castings, Federal-Mogul Goetze, H T Media,
Kilburn Chemicals, MM Forgings, Munjal Showa, N R Agarwal Industries, Polyplex Corporation, Ramkrishna
Forgings, SPML Infra, Titagarh Wagons, Zuari Agro Chemicals, Zuari Global, VRL Logistics, Future Enterprises,
Kalpataru Power Transmission and Mahindra Holidays

Sutlej Textiles: Board approves raising up to Rs 500 crore via NCDs/bonds: Board approved splitting
each Rs 10 share into 10 of Re 1
Lupin gets US FDA approval for generic Seroquel XR tablets : Alert: Tablets used to treat Schizophrenia
or Bipolar Disorder
Sunil Healthcare: Expansion of production capacity of Empty Hard Gelatin Capsule from 11 billion to 13
billion (appox) p.a
Tanla Solutions: Allotment of 19,68,310 equity shares to the Promoters upon conversion of
Preferential Warrants into Equity.
Alfa Transformer: Allotment of 6, 49,412 equity shares to promoters: IIFL Amc raises USD 250 mn
Rel Com Dsystema merger gets a TdSAT approval
Jet airways to phase ATR aerolpnaes

WWW.EQUITYRESEARCHLAB.COM
 19th 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