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    NIFTY - REPORT - 16 November Equity Research Lab

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    ram sahu
    Stock Future Tips start from 16000 it completely based on research for intraday market moment with 80%-85% accuracy up to 3-4 calls/day will be provided with two targets one stop loss. The calls accuracy can be judged in our one day free trial.

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    NIFTY - REPORT - 16 November Equity Research Lab

    Uploaded by

    ram sahu
    9 views4 pages
    Stock Future Tips start from 16000 it completely based on research for intraday market moment with 80%-85% accuracy up to 3-4 calls/day will be provided with two targets one stop loss. The calls accuracy can be judged in our one day free trial.

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    NIFTY_REPORT_ 16 November Equity Research Lab

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    Stock Future Tips start from 16000 it completely based on research for intraday market moment with 80%-85% accuracy up to 3-4 calls/day will be provided with two targets one stop loss. The calls accuracy can be judged in our one day free trial.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    9 views4 pages

    NIFTY - REPORT - 16 November Equity Research Lab

    Uploaded by

    ram sahu
    Stock Future Tips start from 16000 it completely based on research for intraday market moment with 80%-85% accuracy up to 3-4 calls/day will be provided with two targets one stop loss. The calls accuracy can be judged in our one day free trial.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

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    NIFTY OUTLOOK
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    REPORT
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    16 November 2016
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    Prepared by: Meenakshi Pal
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    16th November 2016

    NIFTY FUTURE

    NIFTY FUTURE :
    PIVOT :8183

    R1:8243
    S1:8079

    R2:8347
    S2:8020

    R3:8407
    S3:7916

    NIFTY DAILY CHART


    CHART INTERPRETATION
    Technically, A strong break below 8100 will increase the downside pressure and drag it to 7900/7750. Traders can
    go short on a break below 8100.On the other hand, a decisive break above 8280 will ease the downside pressure
    and take the index futures higher to 8450 and 8550 thereafter. Indian Stock Market is still in negative zone but
    market would see a bounce at lower levels near support. Nifty is laying near its major support level of 8100. 8100
    is a make or break level on closing basis. If Nifty closes below those levels then a breakdown would be seen in the
    market and we can even see levels of 7900-7700-7700 in days to come. If Nifty holds 8100 for next couple of
    days then we would see a sharp positive rally.
    MACD and Price ROC are both negative and continue in sell mode. RSI (40) suggests bearish momentum.

    INDEX OUTLOOK
    NIFTY FUTURE: Indian Market succumbed to more selling on Tuesday as the demonetization effect and

    weak earnings drove the Sensex lower by 565 points and the Nifty below 8100 intraday. Strengthening
    of bond yields and US dollar on US president-elect Donald Trump policy also weighed on market
    sentiment. Equity benchmarks closed below their 200-daily moving average. Sensex tanked 514.19
    points or 1.92 percent to 26304.63, the lowest closing level since May 25, taking the total loss for two
    consecutive days to 1200 points. Nifty was down 187.85 points or 2.26 % to close at 8108.45 after
    hitting an intraday low of 8093.20. demonetization will be negative for equities in short term, adding
    that the move is a positive for bond and currency markets. Besides, demonetization will help increase
    deposit growth of banks significantly.
    WWW.EQUITYRESEARCHLAB.COM

    STRATEGY: Sell Nifty Future below 8100 for the target of 8050 -8000 with the stop loss of 8180.

    16th November 2016

    SECTORAL INDICES

    INDEX (Spot)
    SENSEX
    NIFTY
    NIFTYBANK
    NIFTYIT

    Key Indices Levels to watch out for the day


    RESISTANCE 2
    RESISTANCE 1
    LTP
    SUPPORT 1
    26880
    26600
    26304.63
    26050
    8300
    8200
    8108.45
    8025
    19750
    19500
    19289.75
    19000
    9780
    9600
    9487.00
    9350

    SUPPORT 2
    25880
    7975
    18800
    9200

    CORPORATE NEWS

    HPCL reported a sharp 66.6% QoQ fall in Net Profit in Q2FY17 at Rs. 701.3 Cr. The company reported a 7.1%
    fall in Net Income from Operations at Rs. 47,822.5 Cr in Q2 as against Rs. 51,661 Cr in the previous quarter.
    EBITDA fell 65.2% sequentially to Rs. 1,261 Cr and margins contracted by 442 bps to 2.6% in Q2.

    Tata Motors reported a significant drop in Net Profits to Rs. 848 Cr in Q2, as against Rs. 1,740 Cr in the
    corresponding quarter last year. Total Consolidated Revenues rose 6.7% to Rs. 67,999.7 Cr as against Rs.
    62,647.2 Cr previously. Hedging losses worth Rs. 3,510 Cr affected the bottom line severely. JLR revenues for
    Q2 rose 23.2% to 5.95 billion pounds, and PAT improved at 244 million pounds. The companys domestic unit
    reported a fall in Net Revenues to Rs. 11,406 Cr and a net loss of Rs. 289 Cr.

    GAIL (India) reported a 180% rise in Net Profit to Rs. 924.7 Cr for Q2 against Rs.330.4 Cr in the corresponding
    quarter last year. However, total Income from operations decreased 15.3% YoY to Rs.12,058.2 Cr during the
    quarter against Rs.14,240.4 Cr previously. Total expenditure decreased to Rs.10,879.8 Cr in Q2 FY17 from over
    Rs.13,731.3 Cr in Q2FY16.

    WWW.EQUITYRESEARCHLAB.COM

    16th November 2016

    ERL RESEARCH TEAM


    Member Name

    Designation

    E-mail ID

    Mr. Tuhinanshu Jain


    Mr. Yogesh Subnani
    Miss. Meenakshi Pal

    Research Head
    Sr. Research Analyst
    Sr. Research Analyst

    [email protected]
    [email protected]
    [email protected]

    DISCLAIMER
    The information and views in this report, our website & all the service we provide are believed to be
    reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have
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    responsible for any loss incurred based upon it & takes no responsibility whatsoever for any financial
    profit s or loss which may arise from the recommendations above. The stock price projections shown
    are not necessarily indicative of future price performance. The information herein, together with all
    estimates and forecasts, can change without notice.
    Equity Research Lab does not purport to be an invitation or an offer to buy or sell any financial
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