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NIFTY OUTLOOK
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REPORT
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02 Aug 2017
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 02nd Aug 2017

NIFTY

NIFTY FUT : R1:10150 R2:10180 R3:10223

PIVOT : 10085 S1:10056 S2:10009 S3:9980

NIFTY DAILY CHART

NIFTY OUTLOOK
Nifty is likely to open in a marginal negative note. Momentum indicators like RSI and stochastic are indicating
towards a bearish trading session. RSI is visiting a divergence formation in intraday 15- minute time frame chart.
For positional traders, it is advised to book their full profit in the range 10150-10190.For intraday traders, it is
advised to adopt sell on rise strategy.

Strategy: Sell nifty around 10175 with a stop loss of 10210 for the target of 10000.

Name Current Value Change % Chg Open High Low

FTSE 100 (Aug 1) 7,423.66 51.66 0.7 7,372.00 7,440.14 7,372.00

CAC 40 (Aug 1) 5,127.03 33.26 0.65 5,116.90 5,148.49 5,087.38
DAX (Aug 1) 12,251.29 133.04 1.09 12,147.89 12,302.38 12,092.06

Nikkei 225 (Aug 2) 20,095.02 109.23 0.54 20,057.07 20,103.19 20,022.05

Straits Times (Aug
2) 3,334.22 -3.98 -0.12 3,337.57 3,337.70 3,321.65

Hang Seng (Aug 2) 27,652.23 112 0.41 27,645.28 27,709.00 27,570.50

Taiwan Weighted
(Aug 2) 10,502.67 65.38 0.62 10,479.26 10,517.03 10,479.26

SGX Nifty (Aug 2) 10,148.50 -8.5 -0.08 10,151.50 10,163.00 10,126.00

WWW.EQUITYRESEARCHLAB.COM
 02nd Aug 2017

CORPORATE NEWS
-Hero MotoCorp July total two-wheeler sales at 6.23 lakh units versus 5.32 lakh units (YoY)
-Punjab National Bank board approves raising equity capital by way of FPO/Rights Issue/QIP/ESPS/ESOP to the
tune of Rs 3,000 crore
-Swan Energy subsidiary of the company has executed a contract agreement of Rs 459 crore for EPC for FSRU
based LNG port with Black and Veatch Private Limited
-Oriental Bank of Commerce - CARE revises rating on Upper Tier II bonds to A+ from AA-
-Cilix Capital to buy Religare Housing for about Rs 600 crore
-L&T Realty, Nirmal ink pact to develop Mulund land parcel
-Indo Rama may buy Tata Chemicals' Haldia unit: Mint
-ABG Shipyard to face bankruptcy proceedings: Mint
-Reliance Capital in focus - Reliance Nippon hires Nomura, JM Financial, CLSA to mange IPO: Mint
-Max Ventures enters realty sector with 3 projects in NCR, Dehradun: Mint
-Tata Steel completes sale of mills to Liberty
-GSFC resumes operations at Ammonia-IV plant after rectifying the problems
-BSE Limited: SEBI approves appointment of Dhirendra Swarup as chairman of board of directors
-Artson Engineering wins orders worth Rs 23.4 crore to install connector fuel pipelines-NCLT pronounces
commencement of a corporate insolvency resolution process, in open court against Amit Spinning

WWW.EQUITYRESEARCHLAB.COM
 02nd Aug 2017

ERL RESEARCH TEAM

Member Name Designation

Mr. Tuhinanshu Jain Research Head
Mr. Manish Bimal Sr. Research Analyst
Mr. Anand Sharma Research Analyst
Mr. Sumit Sahu Research Analyst

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