Equity Research Lab

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Date: 19th Dec, 2017

NIFTY OUTLOOK BANKNIFTY OUTLOOK

Nifty is likely to open with a positive note Bank nifty is also likely to open with
today. On the account of Gujarat election positive note. Intraday traders are advised
market showed a strong upside to adopt sell on rise for the session.
movement. Intraday traders are advised to
adopt sell on rise for the session. Positional
traders are advised to create fresh shorts
today with a small stop loss of 10535 for
the target of 10200.

Strategy Of The Day : short nifty around 10200 tgt 10150 sl 10225

Symbol LTP % Change Volume

VEDL 309.45 3.84 1,63,92,365
Top
HINDALCO 250.6 3.23 1,38,33,894
Gainer M&M 1521.8 2.59 42,65,351
CIPLA 591.35 2.58 23,79,562
s
SUNPHARMA 529.3 2.11 40,63,126

Symbol LTP % Change Volume

TECHM 493.95 -1.36 21,75,527
YESBANK 311.8 -1.3 1,36,90,080 Top
HCLTECH 880.65 -1.25 13,07,831 Losers
UPL 709.65 -1.14 37,54,324
COALINDIA 267.95 -1.13 42,51,230

TOP NEWS OF THE DAY

-JM Financial approves raising Rs 650 crore via securities

-LT Foods' QIP opens with a floor price at Rs 79.13 per share
-Bank of Baroda to consider raising additional funds on December 22
-Airtel told NPCI that it will return Rs 190 crore subsidy to original accounts: PTI
-NCLT hearing on Reliance Communications deferred on lenders plea
-Gandhi Special Tubes seeking shareholders approval to buyback 8.80 lakh shares at Rs 500 each
-Supreme Court rules in favour of Kamat Hotels as the prior user of the word "Orchid" in dispute with Orchid
Hotels-Dr Reddy's Labs reaches settlement with US government w.r.t Consumer Product Safety Act