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NIFTY OUTLOOK
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REPORT
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th
24 May 2017
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 24th May 2017

NIFTY

NIFTY SPOT : R1:9445 R2:9501 R3:9538

PIVOT : 9400 S1:9352 S2:9315 S3:9259

NIFTY DAILY CHART

NIFTY OUTLOOK
Nifty is likely to open in a positive note today. As we are witnessing, nifty is ruled by bears right now but bulls are
trying their hard to keep nifty above 9400.For positional traders it is advised to keep their stop loss at 9380 for
longs while for contra positions stop loss should be 9525.For intraday traders, it is advised to adopt sell on rise
strategy.

Strategy: short nifty around 9440 with a stop loss of 9475 for the target of 9380

Name Current Value Change % Chg Open High Low

FTSE 100 (May 23) 7,485.29 -11.05 -0.15 7,496.34 7,521.94 7,485.29
CAC 40 (May 23) 5,348.16 25.28 0.47 5,317.12 5,368.88 5,314.48
DAX (May 23) 12,659.15 39.69 0.31 12,597.54 12,703.74 12,593.33
Nikkei 225 (May
19,722.98 109.7 0.56 19,777.56 19,782.81 19,690.10
24)
Straits Times (May
3,224.48 1.79 0.06 3,230.60 3,233.48 3,220.68
24)
Hang Seng (May
25,365.16 -37.99 -0.15 25,382.26 25,419.43 25,296.66
24)
Taiwan Weighted
10,056.29 48.45 0.48 10,014.15 10,059.02 10,014.15
(May 24)
SGX Nifty (May
9,411.00 18 0.19 9,399.50 9,418.50 9,384.50
24)

WWW.EQUITYRESEARCHLAB.COM
 24th May 2017

CORPORATE
Results NEWS
Today: Lupin, Bharat Forge, Adani Ports, Amara Raja Batteries, Adani Ent, Jain Irrigation, Dish TV India,
Somany Ceramics, Kaveri Seed, Gujarat Gas, Praj Industries, Religare Enterprises, GE T&D India, Aptech, Asahi
India Glass, Bayer CropScience, Emkay Global, Fineotex Chemical, Garware-Wall Ropes, Global Vectra Helicorp,
Gujarat Sidhee Cement, GVK Power Infrastructure, Intrasoft Technologies, Jubilant Industries, Kopran,
Kuantum Papers, Minda Corporation, Mukand Engineers, Mukand, Mukta Arts, Murudeshwar Ceramics,
Punjab Alkalies Chemicals, Rajapalayam Mills, Sanghi Industries, Shalimar Paints, Sona Koyo Steering, Zee
Media Corporation, Wonderla Holidays, Sundram Fasteners, Talbros Automotive Components, Timken India,
TVS Srichakra,PNC Infratech

Voltas enters into JV with Ardutch B.V. (a subsidiary of Arelik A.S.; part of the Ko Group
Turkeys largest industrial and services group)

Videocon
Says Crash in stock price due to classification of NPA by Dena Bank
CCI approves amalgamation of Videocon D2H with Dish TV
CCI approves acquisition of up to 6.02 percent stake by Aceville in Flipkart

JHS Svendgaard
Conversion of 4.4 lakh warrants into equity shares allotted on preferential basis

TV Today Network
Migration from Phase II to Phase III of 3 FM radio stations

Mangalore Chemicals & Fertilizers

CARE has revised the Long Term Rating to BBB Stable from BBB-; Stable and Short Term Rating to BBB from
BBB-
Cerebra Integrated Technologies
Karnataka State Pollution Control Board has issued its consent to start production for its E-Waste recycling
plant setup on a 12 acre land

AIA Engineering
Magotteaux initiates arbitral proceedings against co. demands $60 million in damages

WWW.EQUITYRESEARCHLAB.COM
 24th 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

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