8/16/2019 Nifty Daily Outlook NIFTY SPOT: 8179.95 Equity Research Lab

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Equity Research

lab :- Daily OutLook 

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NIFTY DAILY OUTLOOK NIFTY SPOT : 8179.95

Nifty Future R1: 8220 R2:8245 R3: 82

!i"ot: 81## $1: 81%3 $2:8152 $3:812%

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8/16/2019 Nifty Daily Outlook NIFTY SPOT: 8179.95 Equity Research Lab

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CHART INTERPRETATION :-

• Nifty spot close at 8179.95 on Wednesday . At higher

side important level 82508500. As long as Nifty

f!t!remanages to s!stain a"ove this level on intraday

declines# the trend $ill "e strong and nifty f!t!re $ill tryto!ch f!rther higher levels from this level. At lo$er side#

s!pport near 8000. %!rther $ea&ness is nifty f!t!re is

possi"le only if Nifty f!t!re falls and stays "elo$ the

important s!pport of 80007950. At lo$er side nifty

s!pport level may "e in the rang of 78007700

• 'echanical indicator stochastic ()* also sho$ing

consolidated trend

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INDEX OUTLOOK :-• N&F'( F)')R*: Nifty close+ at 81#4.55 o, -e+,es+ay . &t has bee, a

positi"e start to the mo,th of u,e as the *ndian stoc& mar&et closed the

first trading session in the green. +he gross domestic prod!ct ,-/ n!m"er

for an!ary'arch !arter $as ro"!st ho$ever it failed to "!ild the

moment!m. *ndia3s -/ gre$ 7.94 in the an!ary'arch !arter of 20151#

ta&ing the overall economic gro$th to a fiveyear high of 7.4 for the entirefiscal. 6ven the co!ntrys man!fact!ring /'* came in at 50.7 as against 50.5

in April indicating an !ptic& in the man!fact!ring data. )entiment $as also

"!oyed as the prod!ction of eight core sectors !mped 8.54 in April on the

"ac& of pic&!p in o!tp!t of refinery prod!cts# fertiliers# steel# cement and

electricity.• &N'R( $'R'&(: uy Nifty future abo"e 8200 for

the tt of 82508300 sl 8130.

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CORPORATE NEWS:- +he *ndia'an!fact!ring /!rchasing 'anager3s *nde: stood at 50.7 in 'ay 201

as compared to 50.5 in April 201. +he -/ gro$th rate for ;< stood at 7.94 as

compared to 7.24 gro$th on a =o= "asis. +he overall -/ gro$th rate stood at

7.4. Aviation +!r"ine f!el ,A+% prices hi&ed "y 9.524 to (s l. A+%

acco!nts for

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