Tuesday 16 May 2017

|stock futures tips|Equity Research Lab :- Nifty Report 16 May 2017

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STOCK FUTURES TIPS:-
      
NIFTY SPOT :   R1:9463                    R2:9471                                    R3:9492
PIVOT : 9450     S1:9442                    S2:9429                                    S3:9408



 
   INDEX OUTLOOK     

Nifty is likely to open in a positive note with gain of xx points. Momentum indicator RSI is visiting a positive crossover in the end of yesterday trading session. Nifty is heading towards its all time high of 9464.After a gap up yesterday nifty sustained to have a closing with fresh numbers. We’re expecting nifty to head towards 9500 mark in upcoming trading session. For positional traders it is advised to adopt buy on dips with a trailing stop loss of 9380 for the target of 9600.For intraday traders, it is advised to go for long positions if nifty manage to trade around its pivot level of 9450.For short players it is advised to keep a strict stop loss of 9515. Strategy: Buy around 9450 with a stop loss of 9400 for the target of 9500.
   SECTORIAL INDICES   


    CORPORATE NEWS      
  • Capacity of Indocount Industries has increased from 68 million meters to 90 million meters 
  • Brigade Enterprises in focus: Brigade Group leases 3.75 lakh square feet office space to TCS in Bangalore 
  • Skipper has secured new orders worth Rs 376.48 crore from national & Rs 123.73 crore from international markets for supply of power transmission towers & telecom pole 
  • Sutlej Textiles board meeting on May 18 to raise funds via issue of securities 
  • Tata Motors ropes in Tom Flack as Chief procurement officer: ET
  • ICICI Bank, HDFC Bank to cut rates to attract home buyers
  • Piramal–Bain Capital unit in talks to buy KSK Energy's Rs 3,800 crore Chhattisgarh power plant: Mint 
  • Videocon eyes oil revenue to pare debt: BS
  • Colgate to set up herbal presence as competition grows: BS
  • Dr Reddy's Labs launches Resof tablets in India -
  • Maubank adopts Infosys Finacle leasing solution to drive business growth
  • Premier Explosives' QIP issue opens; sets issue price at Rs 414.97 per share
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