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NIFTY OUTLOOK
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REPORT
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th
25 May 2017
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 25th May 2017

NIFTY

NIFTY SPOT : R1:9423 R2:9481 R3:9523

PIVOT : 9381 S1:9323 S2:9281 S3:9223

NIFTY DAILY CHART

NIFTY OUTLOOK
Nifty is likely to open in a positive note today. On this day of expiry we are expecting nifty to close around
9400(+15/-15). Positional traders are advised to sit back and relax for making new positions. Intraday traders are
advised to adopt sell on rise strategy. Traders can short nifty around 9420 with a stop loss of 9460 for the target
of 9360.

Strategy: short nifty around 9420 with a stop loss of 9460 for the target of 9360

Name Current Value Change % Chg Open High Low

FTSE 100 (May 24) 7,514.90 29.61 0.39 7,485.29 7,519.58 7,475.11
CAC 40 (May 24) 5,341.34 -6.82 -0.13 5,336.98 5,353.01 5,326.59
DAX (May 24) 12,642.87 -16.28 -0.13 12,631.39 12,662.05 12,617.76
Nikkei 225 (May
19,822.93 79.95 0.4 19,737.21 19,850.93 19,720.12
25)
Straits Times (May
3,240.83 9.59 0.3 3,231.30 3,242.15 3,229.52
25)
Hang Seng (May
25,587.70 159.2 0.62 25,511.46 25,642.64 25,491.78
25)
Taiwan Weighted
10,091.87 47.45 0.47 10,059.91 10,100.90 10,059.20
(May 25)
SGX Nifty (May
9,399.00 26 0.28 9,374.00 9,414.50 9,353.00
25)

WWW.EQUITYRESEARCHLAB.COM
 25th May 2017

CORPORATE NEWS
Results Today: Indian Oil Corporation, Cipla, Britannia Industries, Ashok Leyland, Bosch, NMDC, Page
Industries, Gujarat State Petronet, Redington India, Repco Home Finance, Bajaj Hindusthan Sugar,
Adlabs Entert, Balkrishna Industries, Container Corporation Of India, AIA Engineering, Dhampur Sugar
Mills, HeidelbergCement India, MphasiS, Manappuram Finance, Bodal Chemicals, BF Utilities,
Butterfly Gandhimathi Appliances, DFM Foods, Excel Crop Care, Archies, Hawkins Cooker, Heritage
Foods, Honeywell Automation India, Hotel Leela Venture, ITI, Kalyani Steels, Kiri Industries, L T Foods,
Lakshmi Mills Company, Liberty Shoes, Mawana Sugars, Prism Cement, Saregama India, South India
Paper Mills, Star Paper Mills, Thomas Cook, Timex Group India, TPL Plastech, Va Tech Wabag, Vadilal
Industries, VST Tillers Tractors, West Coast Paper Mills, Zodiac-JRD-MKJ, Greenlam Industries, MEP
Infrastructure Developers, Lux Industries

Max Financial
Has not received any formal communication from regulator

Jaiprakash Power
Calls a meeting to restructure old bonds
Asks to waive all current bond defaults
Cabinet approves 10.6 percent increase in FRP for sugarcane for 2017-18
Defence Minister says Cabinet clears policy for strategic partnerships in Defence

M&M On CNBC-TV18:
Welcome Cabinet move, its in line with global practice
Policy for FDI in defence is rational & well-structured
M&M has natural strength in aerospace & armoured vehicles
See opportunities of Rs 20,000-50,000 crore in every sector

CNBC-TV18 Exclusive:
CNBC-TV18 accesses USFDAs observation report on Lupins Indore plant
USFDA has issued 6 observations on Lupins Indore plant
Alert: USFDA inspected Indore plant between May 819, 2017

WWW.EQUITYRESEARCHLAB.COM
 25th 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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