Professional Documents
Culture Documents
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NIFTY OUTLOOK
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REPORT
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17 August 2016
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Prepared by: Meenakshi Pal
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NIFTY FUTURE
NIFTY FUTURE :
PIVOT :8655
R1:8710
S1:8605
R2:8760
S2:8550
R3:8815
S3:8499
STRATEGY: Buy Nifty Future above 8680 for the target of 8730 -8800 with the stop loss of 8620.
SECTORAL INDICES
Key Indices Levels to watch out for the day
INDEX (Spot)
RESISTANCE 2 RESISTANCE 1
LTP
SUPPORT 1
SUPPORT 2
SENSEX
28420
28250
28064.61
27885
27700
NIFTY
8750
8700
8642.55
8590
8540
NIFTYBANK
19300
19160
19002.15
18760
18600
NIFTYIT
11240
11120
10993.55
10870
11735
CORPORATE NEWS
Power Grid Corporation of India reported a 32.8% rise in Net profit for Q1 to Rs.
1,801.1 Cr as against Rs. 1,355.6 Cr for the same period last year. The Total Income increased
by 30.5% to Rs. 6,119.8 Cr from Rs. 4,689.8 Cr previously.
Indias Whole Sale Price Index (WPI) accelerated to 3.55% in July as compared to
1.62% in June. The increase was led by food inflation which stood at 11.82%, as compared to
8.18% in the previous month. Vegetable inflation stood at 28% and Pulses inflation was at
35.76%.
WWW.EQUITYRESEARCHLAB.CO.IN
Designation
E-mail ID
Research Head
Sr. Research Analyst
Sr. Research Analyst
Tuhinanshu.jain@equityresearchlab.co.in
Yogesh.subnani@equityresearchlab.co.in
Meenakshi.pal@equityresearchlab.co.in
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