MARKET OUTLOOK. Issue No: III-IX Date: Wednesday, August 30, Nifty Notes

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1 Issue No: III-IX-2017 Date: Wednesday, August 30, 2017 Nifty Notes The Nifty50 index wiped out all the recovery gains made in last three sessions and slipped below the 50-day EMA. The index formed a Bearish Belt Hold candle on the daily chart and again got stuck in bear grip after the bounce back of last four sessions. The index is still respecting its rising support trend line by connecting the swings lows of 9,075, 9,448 and 9,685 levels. Now, if it sustains below the 9,775 level, then fresh selling pressure could drag it towards 9,720 and then 9,685 level, while on the upside, hurdles are seen at 9,850 and 9,880 levels. The Bank Nifty fell around 1 per cent and corrected towards the 24,100 level. It negated the formation of higher highs and higher lows, but still held near its 50-day EMA. The index has to continue to hold above 24,250 to witness an upward move towards 24,500, while a hold below 24,000 can trigger fresh selling towards 23,750 level. SUPPORT : 9720/9685 RESISTANC 9850/9880 Corporate News BSNL plans to set up 1 lakh wi-fi spots by March BSNL CMD said the company will invest about Rs 1,8000 crore in setting up 70,000 wi-fi hotspots. IOC to invest Rs 32,000 cr to ramp up petrochemicals capacity by FY21. Indian Oil has already executed petrochemicals projects worth Rs 20,800 crore. TVS Logistics eyes $1-billion revenue in 3 years. The company has set this targetafter crossing $1-billion revenue globally. HCL Infosystems to raise Rs 500 cr via rights issue. Board members approved the proposal in a meeting held on Aug 29. Tata Motors mulls electric variant of Nano cars. Firm plans to re-position car amidcentre's push to switch to electric vehicles by MRF Tyres plans to invest around Rs 1000 crore a year till This will support company's Rs 22k-cr revenue target; Rs 4k-cr Gujarat facility to go live by

2 Economic News Jute industry fears Rs 200-cr loss on new pricing formula. Sector surviving on ad-hoc jute bag prices for the past 15 yrs. Low capacity utilisation overhang of energy sector: Assocham-Crisito stay soft at around 62 per cent until study. As plant load factor is estimated Odisha seafood park gets Rs 466 cr investment proposals. The park will process 90,860 tonnes a year of seafood and is expected to generate 7,,214 jobs. SAIL signs long-term tariff pact with Railways. LTTC has been introduced by Indian Railways to establish long-term contracts with customers. High GST rate: Cloud of uncertainty looms over used car industry. The used car market had clocked a healthy growth in recent years Global News Govt begins probe against China over dumping charges. Investigation relates to imports of belting fabric from China. India harming Pakistan'ss hydel and agriculture projects: Pak Minister. Asif made these remarks while addressing a ceremony at the Institute of Strategic Studies. 2

3 Recommendations of the Day Scrip Code Recommended Price Stop Loss Equity technical Recommendations S. No. Date Action Company Product Reco Price 1 2 Stop Loss Time Frame Remarks 3

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