qwertyuiopasdfghjklzxcvbnmqwerty

uiopasdfghjklzxcvbnmqwertyuiopasd
fghjklzxcvbnmqwertyuiopasdfghjklzx
cvbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmqwertyuiopasdfghjklzxc
vbnmqwertyuiopasdfghjklzxcvbnmq
wertyuiopasdfghjklzxcvbnmqwertyui
opasdfghjklzxcvbnmqwertyuiopasdfg
NIFTY OUTLOOK
hjklzxcvbnmqwertyuiopasdfghjklzxc
REPORT
vbnmqwertyuiopasdfghjklzxcvbnmq
2 September 2016
wertyuiopasdfghjklzxcvbnmqwertyui
Prepared by: Meenakshi Pal
opasdfghjklzxcvbnmqwertyuiopasdfg
hjklzxcvbnmrtyuiopasdfghjklzxcvbn
mqwertyuiopasdfghjklzxcvbnmqwert
yuiopasdfghjklzxcvbnmqwertyuiopas
nd

2nd September 2016

NIFTY FUTURE

NIFTY FUTURE :
PIVOT :8818

R1:8845
S1:8781

R2:8881
S2:8754

R3:8908
S3:8717

NIFTY DAILY CHART

CHART INTERPRETATION
The only strategy for the traders should be to hold long positions or initiate fresh long positions at every
dip in the market. And Expectations of a good monsoon have once again reinforced the confidence
among market participants that the growth may come back on a good note, timely onset of the
monsoons will be a positive for the markets. A strong break below 8600 will increase the downside
pressure and drag it to 8400/8300. Traders can go short on a break below 8600.On the other hand, a
decisive break above 8820 will ease the downside pressure and take the index futures higher to 8900
and8950thereafter.
Mechanical indicator stochastic RSI also showing consolidated trend.
INDEX OUTLOOK
NIFTY FUTURE: The bulls took a breather on Thursday as equity benchmarks closed rangebound
session marginally lower after rallying for previous three consecutive days. Sell-off in telecom stocks
on Jio's tariff plans & profit booking in Reliance Industries dampened the market sentiment but
FMCG, metals, auto and select banks limited the downside. Subdued Q1 GDP and July core
industries data also weighed on the market. The market may not see major selling pressure in near
term as foreign investors started pumping in more money into Indian equities again after showing
caution last week ahead of Federal Reserve Chief speech. FII bought Rs 1,800 crore worth of shares
during the week (till Wednesday) against outflow of over Rs 100 crore last week.
WWW.EQUITYRESEARCHLAB.COM
STRATEGY: Buy Nifty Future

above 8850 for the target of 8900 -8950 with the stop loss of 8770.

2nd September 2016

SECTORAL INDICES
Key Indices Levels to watch out for the day
INDEX (Spot)

RESISTANCE 2

RESISTANCE 1

LTP

SUPPORT 1

SUPPORT 2

SENSEX

28800

28650

28423.48

28150

28000

NIFTY

8850

8800

8774.65

8740

8700

NIFTYBANK

20000

19900

19788.85

19600

19500

NIFTYIT

10700

10625

10533.25

10400

10300

CORPORATE NEWS

Maruti Suzuki registered a 12.2% rise in its total car sales for the month of August 2016 at 1,32,211
units, as against 1,17,864 units in August 2015. Passenger cars segment grew at 4.4% to 90,269 as
compared to 86,454. Utility Segment grew by 114.5% to 16,806 as compared to 7,836 units. Domestic
sales increased by 12.3% whereas exports grew by 10.8%.

Apollo Hospitals Enterprise Ltd reported a 17.5 % drop in Net profit of Rs. 72.2 Cr for Q1 as
compared to Rs. 87.5 Cr in the corresponding period last fiscal. Total Income stood at Rs. 1,465 Cr, as
against Rs. 1,306 Cr previously, up by 12.2%.

The Nikkei India Manufacturing Purchasing Managers Index (PMI) surged to 52.6 in August 2016,
from 51.8 in July 2016, indicating a faster expansion in the manufacturing activity in India.

WWW.EQUITYRESEARCHLAB.COM

2nd September 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

Tuhinanshu.jain@equityresearchlab.co.in
Yogesh.subnani@equityresearchlab.co.in
Meenakshi.pal@equityresearchlab.co.in

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
the right to choose the product/s that suits them the most. Investment in Stocks has its own risks.
Sincere efforts have been made to present the right investment perspective. The information contained
herein is based on analysis and up on sources that we consider reliable. We, however, do not vouch
for the accuracy or the completeness thereof. This material is for personal information and we are not
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
instrument. Analyst or any person related to Equity Research Lab might be holding positions in the
stocks recommended. It is understood that anyone who is browsing through the site has done so at his
free will and does not read any views expressed as a recommendation for which either the site or its
owners or anyone can be held responsible for. Any surfing and reading of the information is the
acceptance of this disclaimer.
Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our
calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly
or indirectly by them. If found so then Serious Legal Actions can be taken. Any surfing and reading of
the information is the acceptance of this disclaimer.
ALL RIGHTS RESERVED.

WWW.EQUITYRESEARCHLAB.COM