DERIVATIVE REPORT OUTLOOK
NIFTY FUTURE REPORT UPDATE
TOP GAINER vs TOP LOSER
NIFTY FUTURE REPORT UPDATE
NIFTY FUTURE :
|
R1:9102
|
R2:9158
|
R3:9187
|
PIVOT :9073
|
S1:9017
|
S2:8988
|
S3:8932
|
After a positive opening the Nifty failed to sustain at
higher levels and drifted into negative territory weighed down by losses in the
pharma space due to regulatory issues with the US FDA and profit booking in
banking space. However buying support emerged at the lower band of last
Thursday’s bullish gap area (9084) as the index recouped most of the intraday
losses to close at 9121 levels. Sectorally, pharma, banking, auto and telecom
indices were major draggers while FMCG and realty indices rose over 1% each.
Equity benchmarks settled marginally lower amid
consolidation on Tuesday as investors remained sideways amid lack of global and
domestic cues. However, newly listed D-Mart hogged the limelight, rising more
than 114% on its debut on bourses • The Sensex settled at 29485 down 33 points
or 0.11% while the Nifty shut shop at 9121 down just 5 points
Last week Nifty breached
the level of 9119 but unable to sustain above that level and then selling pressure was seen for the 3rd
consecutive day in the market. Support
for nifty on daily time frame was at 9130-9120 which is breached today. If Nifty
is unable to sustain above 9010 then level on downside is between the
8970-8899, 9000 is the next support for Nifty future.
BANK NIFTY FUTURE OUTLOOK
BANK NIFTY FUTURE REPORT
BANK NIFTY
FUTURE :
|
R1:20963
|
R2:21085
|
R3:21153
|
PIVOT : 20895
|
S1:20773
|
S2:20705
|
S3:20583
|
Bank Nifty started on a negative
note and shown downside movement over the full trading hour’s. Its closed near
20841 , Below 20820 prices may slide towards 20600-20515 tomorrow. ICICI Bank
is the loser of the day amongst banking stocks. 11 out 12 bank nifty stocks
closed on a negative note.
Bank
nifty open at 21017 to its previous closing at 21090 on Monday. Major support
of bank nifty seen at 20900 which is breached today. Below 20900 short term
bearish trend might be follow by bank nifty. Trader can keep eye on its support &
consolidation phase between the 20500-20600. Below that support level heavy selling
pressure might be seen.
USDINR
USDINR :
|
R1:65.6200
|
R2:65.7200
|
R3:65.8150
|
PIVOT
: 65.525
|
S1:65.425
|
S2:65.3300
|
S3:65.2300
|
The Indian rupee rose to a fresh near-17-month high against
the dollar, in line with most Asian currencies as the greenback stayed under
pressure after the U.S. Federal Reserve maintained its stance of a gradual pace
of future rate hikes last week..Earlier,
the rupee resumed at 65.5500 as against
yesterday's closing level of 65.3075. Later, it strengthened sharply to 65.6250
before giving closing at 65.5200. USDINR is expected to trade sideways
in today’s session. Resistance is at 65.62 and support is at 65.425 mark.
ASIAN MARKETS
NAME
|
CHANGE
|
% CHANGE
|
NIKKEI 225
|
-414.50
|
-2.18
|
STRAITS
TIMES
|
-40.38
|
-1.29
|
HANG SENG
|
-272.71
|
-1.12
|
TAIWAN
WEIGHTED
|
-49.83
|
-0.50
|
Asian markets traded negative on Wednesday. China's
Shanghai composite fell 0.50 percent or 16.16 points to close at 3,245.45 Hong
Kong’s Hang Seng were negative by 272.71 points.
INDIAN MARKETS
INDEX
|
PREV.
CLOSE
|
OPEN
|
HIGH
|
LOW
|
CLOSE
|
GAIN/LOSS
|
Nifty
50
|
9121.5
|
9047.2
|
9072.9
|
9019.3
|
9030.45
|
-91.05
|
Nifty
IT
|
10787.2
|
10717.1
|
10831.75
|
10710.8
|
10783.3
|
-3.9
|
Nifty
Bank
|
21019
|
20815.35
|
20899
|
20753.9
|
20781.35
|
-237.65
|
Nifty
Pharma
|
10493.75
|
10417.75
|
10525.4
|
10373.3
|
10510.55
|
16.8
|
India
VIX
|
11.9425
|
11.9425
|
12.3575
|
11.5825
|
12.27
|
0.3275
|
TOP GAINER vs TOP LOSER
TOP GAINER
Company
|
LTP(Rs.)
|
%
Change
|
LUPIN
|
1472.90
|
+1.27
|
HCLTECH
|
870
|
+1.25
|
CIPLA
|
595.50
|
+0.62
|
BPCL
|
645.75
|
+0.60
|
DRREDDY
|
2636.25
|
+0.50
|
TOP LOSER
Company
|
LTP(Rs.)
|
%
Change
|
BHARTIARTL
|
338
|
-3.40
|
ITC
|
279.40
|
-2.95
|
TATAMOTORS
|
460.50
|
-2.80
|
HINDALCO
|
193.25
|
-2.55
|
ICICIBANK
|
262.20
|
-2.52
|
|
|
|
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