NIFTY FUTURE REPORT
NIFTY FUTURE :
|
R1:8637
|
R2:8682
|
R3:8713
|
PIVOT
: 8067
|
S1:8562
|
S2:8531
|
S3:8486
|
Nifty ended lower on Tuesday on account of disappointing quarterly numbers from Dr Reddy’s Laboratories. Sensex closed 118.82 points down at 27,976.52, while Nifty 50 index settled 45 points down at 8,590.65. Dr Reddy’s Laboratories posted 76 per cent fall in net profit at Rs, 2016 citing stiff competition in the US markets.
Nifty
on daily time frame trade above the 8600 level, below 8500 it will increase the downside pressure and
drag it to 8400/8300. Traders can go short on a break below 8500. On the other
hand, a decisive break above 8635 will ease the downside pressure and take the
index futures higher to 8650 and 8700 thereafter.
NIFTY BANK REPORT
NIFTY FUTURE :
|
R1:19013
|
R2:19162
|
R3:19258
|
PIVOT
:18916
|
S1:18767
|
S2:18671
|
S3:18522
|
Bank Nifty future opened flat and showing consolidation trend over the full trading hour’s and heavy selling
seen in bank nifty in the last market hour’s due to result impact of heavy
weight stock. Downside movement in bank
nifty may be 18400-18200 if its break the level of 18600-18650. On the other
the hand up sided movement will be seen above 19150-19200. In between
consolidation may be seen for a short time. ICICI BANK (-2.61%) and KOTAK MAHINDRA BANK (-1.66%) is the top losers of
the day.
Bank nifty opened
flat at 18955.00, to its previous closing 19012.35 on Tuesday and touched high
of 19065.55. Bank nifty Bank nifty trade above the level of 19000, if it’s
maintain the level, then new level 19200-19300 will be expected.
USDINR
Rupee pared its initial losses and was trading flat at 67.36,
against the US currency in late morning trade on bouts of month-end dollar
demand from banks and importers amid lower dollar overseas. The rupee opened
lower by 6 paisa at 67.41 as against yesterday's closing level of 67.35 per
dollar at the Inter-bank Foreign Exchange (Forex) market. The domestic unit
hovered in a range of 67.43 to 67.35 during the morning deals before quoting at
67.37 per dollar at 1025 hrs. The dollar index was trading down 0.22 percent at
97.05 against a basket of six currencies in early trade.
USDINR :
|
R1:67.43
|
R2:67.57
|
R3:67.66
|
PIVOT : 67.28
|
S1:67.19
|
S2:67.11
|
S3:66.96
|
INDIAN MARKETS
Name
|
Change
|
%
Change
|
Open
|
High
|
Low
|
Nifty
50
|
-45.00
|
0.52
|
8633.75
|
8644.90
|
8577.15
|
Nifty
Bank
|
-128.75
|
-0.68
|
18979.10
|
19044.45
|
18814.25
|
Nifty
Metal
|
-2.55
|
-0.10
|
2444.40
|
2472.75
|
2430.40
|
Nifty
Pharma
|
-178.45
|
-1.53
|
11888.90
|
11902.55
|
11663.35
|
Nifty
Realty
|
-2.70
|
-1.31
|
209.20
|
209.75
|
205.90
|
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
Sensex
|
-118.82
|
-0.42
|
28121.37
|
28149.53
|
27927.13
|
S&P BSE
Small Cap
|
-84.75
|
-0.70
|
12259.96
|
12298.09
|
12134.26
|
S&P BSE
Midcap
|
21.03
|
0.17
|
12425.61
|
12520.08
|
12395.36
|
TOP GAINER
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
%
Change
|
AXIS BANK
|
538.10
|
553.80
|
+2.92
|
YES BANK
|
1182.75
|
1200.15
|
+1.47
|
POWER GRID
|
168.95
|
171.40
|
+1.45
|
TATA STEEL
|
363.65
|
367.80
|
+1.14
|
INFY
|
1080.85
|
1088.70
|
+0.73
|
TOP LOSSER
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
%
Change
|
DR.REDDY’S
|
3482.35
|
3319.65
|
-4.67
|
HINDALCO
|
135.20
|
131.65
|
-2.63
|
ICICI BANK
|
268.65
|
261.65
|
-2.61
|
HERO MOTOCORP
|
3280.05
|
3210.10
|
-2.13
|
AUROPHARMA
|
799.45
|
784.10
|
-1.92
|
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