Equity Research Lab

Empowering global research

Date: 11th Jan, 2018

NIFTY OUTLOOK BANKNIFTY OUTLOOK

Nifty is likely to open with a flat note
today. Momentum indicators are indicating
towards mixed signals. Bulls are focusing
on sustaining at this zone and bears are
trying to break this zone. Intraday traders
are advised to be cautious for creating
positions for a longer time period as we
can face trend reversal too.
Bank nifty is also likely to open with flat
note today. Momentum indicators like
RSI, Stochastic and MACD are indicating
towards mixed signals. Intraday traders
are advised to adopt sell on rise strategy
for the day.

Strategy Of The Day : Short banknifty below 25560 tgt 25500 sl 25600

Symbol LTP % Change Volume

INFY 1060.6 0.79 1,31,914
Top
TATAMOTORS 436 0.62 1,69,295
Gainer TECHM 545.2 0.57 1,07,751
HINDALCO 270.2 0.52 1,54,042
s
MARUTI 9411.8 0.38 19766

Symbol LTP % Change Volume

WIPRO 322.6 -1.25 1,21,361
HINDPETRO 420.45 -0.97 38232 Top
YESBANK 336.95 -0.84 1,83,391 Losers
EICHERMOT 27873.75 -0.8 1728
COALINDIA 305.9 -0.78 1,10,728

TOP NEWS OF THE DAY

-Alok Industries says National Company Law Tribunal granted a 90-day extension in insolvency process
-Orient Paper and Industries has ex-date for demerger today
-Essar Steel bidders turn to SBI, ICICI Bank: Media Report
-GMR to raise Rs 5,000 crore via airport business IPO: Media Report
-Welspun Enterprises entered in a concession pact with Madhya Pradesh government for Dewas water supply
project
-Fitch assigns issuer default rating of BBB- to Power Grid
-Welspun India's promoter sells stake worth Rs 350 crore
-Bajaj Auto is confident of 8 percent jump in market share in 2 months
-Jagatjit Industries to refinance Rs 265-cr debt

-Reliance Industries, Jai Corp in focus - RIL's Mukesh Ambani in talks to buy out Jai Corp's 24 percent
stake in NMSEZ: BS