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Equity Research Lab:- 

Daily outlook 

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 INDEX OUTLOOK•NIFT FUTU!E:"Nifty closed at 8194.55 on Thursday . The Indian equity

market closed with smart gains on Thursday after trading sideways in the

ast two trading sessions. !enchmarks shrugged off early morning losses

and re"ounded into the ositi#e $one during afternoon trades led "y

gains in the metal% "anking% industrial% auto% energy% oil and gas% caital

goods and select ower stocks. en the !'& (idca and 'mallcastocks ended higher. )owe#er% harma and consumer dura"les indices

ended the day in the red .

•INT!#D# $T!#TI%*+!uy Nifty future a"o#e 8,5- for the tgt of 8--+85-

sl 81/-.

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0232T& N&' *+

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•0oal India soared .,6 to 2s.-7. The comany has achie#ed a roduction of

4,.58 million tonnes in (ay% lower than the target of 44.74 million tonnes (T for

the month. :uring the months of ril and (ay% the miner roduced 8,.9 (T of

coal against the target of 89.1, (T. 

•BPCL Ltd has announced that it has received shareholder nod toincrease FII Investment Limit to.

•India;s central "ank is trying to clean u the "alance sheets of the country;s "anks.

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CHART INTERPRETATION !

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•Nifty sot close at 8,18.95 on Thursday . t higher side% imortant le#el 8,5-+

85--. s long as Nifty future manages to sustain a"o#e this le#el on intraday

declines% the trend will "e strong and nifty future will try touch further higher le#els

from this le#el. t lower side% suort near 8---. ?urther weakness is nifty future

is ossi"le only if Nifty future falls and stays "elow the imortant suort of 8---+

/95-. t lower side nifty suort le#el may "e in the range of /8--+//--.

•(echanical indicator stochastic 2'I also showing consolidated trend.

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•Ni&ty Future !': ()** !): (+') !+: (+*,

•-iot: ()' $': ('(0 $): (')1 $+: ,')

NIFTY DAILY OUTLOOK NIFTY SPOT :8218.95

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