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NIFTY OUTLOOK
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REPORT
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st
01 June 2017
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 01st June 2017

NIFTY

NIFTY SPOT : R1:9642 R2:9665 R3:9690

PIVOT : 9624 S1:9608 S2:9590 S3:9573

NIFTY DAILY CHART

NIFTY OUTLOOK
Nifty is likely to open in a flat note. Bulls are not giving a chance for bears to rule the market. Momentum
indicators are indicating towards a volatile market today. Nifty is trading near its all time high. Positional traders
are advised to keep their stop loss at 9500 for longs while for shorts it should be placed at 9650.Intraday traders
are advised to adopt buy on dips strategy today. It is advised to make long position in nifty around 9625 with a
stop loss of 9580 for the target of 9675.

Strategy: Long Nifty around 9625 with a stop loss of 9580 for the target of 9675.

Name Current Value Change % Chg Open High Low

FTSE 100 (May 31) 7,519.95 -6.56 -0.09 7,526.51 7,586.45 7,519.68
CAC 40 (May 31) 5,283.63 -22.31 -0.42 5,306.21 5,334.57 5,283.63
DAX (May 31) 12,615.06 16.38 0.13 12,612.52 12,709.13 12,582.80

19,854.58 204.01 1.03 19,692.16 19,873.02 19,686.32

Nikkei 225 (Jun 1)
Straits Times (Jun
3,228.87 18.05 0.56 3,214.12 3,231.80 3,211.10
1)
25,731.14 70.49 0.27 25,736.35 25,787.28 25,614.61
Hang Seng (Jun 1)

Taiwan Weighted 10,073.06 32.34 0.32 10,064.44 10,100.37 10,059.93

(Jun 1)
9,628.50 -8.5 -0.09 9,639.50 9,650.50 9,616.00
SGX Nifty (Jun 1)

WWW.EQUITYRESEARCHLAB.COM
 01st June 2017

CORPORATE NEWS
-Capital International sold entire stake in Reliance Communications via block deal on Wednesday: Sources

-Dr Reddy's gets US FDA nod for Bivalirudin injectable (a specific & reversible direct thrombin inhibitor)

-MOIL increases prices by 10 percent across categories

-IOC, HPCL, BPCL in focus: Petrol price hiked by Rs 1.23 per litre, diesel price hiked by 89 paise per litre

-Jet Airways, InterGlobe Aviation, SpiceJet in focus: Jet fuel prices cut by (3.8 percent) Rs 1,981/kl in Delhi

-Kolte-Patil completes Phase I of its Three Jewels' project in Pune in 36 months

-Bharat Gears considered and approved the proposal to avail a term loan of Rs 110 crore from KKR India
Financial Services

-Ramkrishna Forgings to raise funds through QIP for an amount not exceeding Rs 200 crore

-JK Paper to consider allotment of equity shares of the company consequent to conversion notices received
from one of the foreign currency convertible bonds (FCCBs) holder

-Pfizer entered into an acquisition agreement with AstraZeneca AB, Sweden to which the brand 'Neksium' is
being acquired by the company in India for a consideration of Rs 75 crore

-Future Market Network has executed a share purchase agreement with IL&FS Township and Urban Assets
(ITUAL) to acquire 50 percent equity share capital

-HDIL, Oberoi Realty, Godrej Properties in focus: Realty buyers in Maharashtra to now pay VAT on staggered
payments: ET

-Indian Hotels to probe charges against Ginger CEO

-IOC and partners in talks to buy stake in Russias Vankor: ET

-Aditya Birla Fashion to cut price points, to focus on value chain: FE

-Hindalco to set up aluminium plant for defence sector: Mint

-Tata Group in focus as Tata Sons Chairman Natarajan Chandrasekaran kicks off divestent plan

-SBI keeps interest rates under MCLR unchanged-Vedanta gets environment nod for Rs 3,240 crore Ravva field
expansion: Cogencis

WWW.EQUITYRESEARCHLAB.COM
 01st 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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