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NIFTY OUTLOOK
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REPORT
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th
14 June 2017
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 14th June 2017

NIFTY

NIFTY SPOT : R1:9650 R2:9680 R3:9715

PIVOT : 9618 S1:9600 S2:9550 S3:9525

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 9625 with a stop loss of 9650 for the target of 9575

Name Current Value Change % Chg Open High Low

FTSE 100 (Jun 13) 7,500.44 -11.43 -0.15 7,511.87 7,540.05 7,491.86
CAC 40 (Jun 13) 5,261.74 21.15 0.4 5,254.14 5,273.87 5,248.29
DAX (Jun 13) 12,764.98 74.54 0.58 12,739.50 12,790.30 12,727.83
Nikkei 225 (Jun
14) 19,931.04 32.29 0.16 19,974.56 20,009.93 19,897.55
Straits Times (Jun
14) 3,249.03 -8.49 -0.26 3,262.82 3,264.05 3,242.53

Hang Seng (Jun 14) 25,775.35 -76.75 -0.3 25,915.46 25,915.46 25,713.02

Taiwan Weighted
(Jun 14) 10,062.57 -65.58 -0.65 10,142.80 10,165.31 10,033.25

SGX Nifty (Jun 14) 9,625.00 10 0.1 9,625.00 9,644.50 9,603.50

WWW.EQUITYRESEARCHLAB.COM
 14th June 2017

CORPORATE NEWS
Reliance Communications
-Reliance Communications-Brookfield tower deal likley to close by next month
-Company said to approach Citic for sale of GCX business

Tata Motors
-Appoints Girish Wagh as head of commercial vehicle business & member of executive committee
-Girish Wagh will take charge of new responsibilities with immediate effect
-Girish Wagh will continue to oversee M&HCV business

MCX in focus
-SEBI issues guidelines on options on commodity futures trading
-Bourses allowed to launch one option contract on pilot basis
-Rs 1,000 crore daily turnover must for non-farm options
-Rs 200 crore daily turnover must for options on farm futures
-Options to be allowed only for top 5 traded commodity futures
-Position limits in commodity futures, options to be separate

Greaves Cotton
-Inks pact with Pinnacle Engines to grant license
-Grants license for manufacturing & sale of internal combustion engines

Dr Reddy's Laboratories
-API manufacturing plant at Miryalaguda receives EIR from the US FDA

-Miryalaguda manufacturing plant was issued Form 483 with 3 observations on February 21

WWW.EQUITYRESEARCHLAB.COM
 14th 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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