DERIVATIVE REPORT
DAILY CHART
NIFTY
OUTLOOK
Nifty ended in red on
Tuesday on account of weak global cues. Sensex closed 87.79 points down at
28,064, while Nifty settled 29.60 points down at 8,642.55. Sentiments also
dampened after Wholesale Price Index (WPI) inflation for month of July
climbed to a two-year high at 3.55 per cent as compared to 1.62 per cent in the
previous month. Industrial inflation climbed to 1.8 per cent from 1.17 per cent
last month. Shares of Power Grid Corporation were trading higher after the
company reported 32.90 per cent rise in
net profit. Jet Airways shares were trading
over 2 per cent down after the airline major reported a 53.47 per
cent fall in net profit for the June
quarter, hit by higher operating expenses and
lower sales.
Nifty
next support at 8500-8550, if its break that level 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
8700 and 8850 thereafter.
|
NIFTY FUTURE :
|
R1:8710
|
R2:8760
|
R3:8815
|
|
PIVOT :8655
|
S1:8605
|
S2:8550
|
S3:8499
|
NIFTY
BANK OUTLOOK
BANK NIFTY
Bank Nifty
future opened flat and showing
Consolidation trend over the
full trading hour’s 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 level ,up
to 19600-19800. In between consolidation may be seen for a short time. INDUSIND
BANK (-1.32%) and AXIS BANK (-1.30%) is the top losers of the day.
Bank nifty opened flat at 18982.00, to its previous closing 18984.45
on Tuesday and touched high of 19094.95. In Bank nifty bullish trend seen above the level
of 19150-19200, if it’s maintain the level, then new level 19400-19600 will be
expected. Below 19000 bank nifty downward
movement seen in between the level of 18200-18400.
|
NIFTY
FUTURE :
|
R1:19140
|
R2:19244
|
R3:19393
|
|
PIVOT :18991
|
S1:18887
|
S2:18738
|
S3:18634
|
USDINR
The Indian rupee opened marginally higher at 66.85 per dollar on
Tuesday versus 66.89 Friday. The expectations of more stimulus from Japan and
China, coupled with jump in global oil prices, is helping the global positive
sentiment. The markets will also await the Fed July FOMC meeting minutes to get
some cues about future hikes. For the USD-INR pair, the portfolio flows
continue to be absorbed by the Central Bank intervention, with the pair trading
in the 66.50-67/dollar range.
|
USDINR
:
|
R1:66.99
|
R2:67.11
|
R3:67.19
|
|
PIVOT : 66.91
|
S1:66.79
|
S2:66.71
|
S3:66.59
|
TOP GAINER
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
CIPLA
|
515.95
|
554.15
|
+7.40
|
|
ADANIPORT
|
258.25
|
273.55
|
+5.92
|
|
HINDALCO
|
146.35
|
154.65
|
+5.67
|
|
BHARAT PETRO
|
579.95
|
596.40
|
+2.84
|
|
AMBUJA CEMENT
|
264.50
|
269.65
|
+1.95
|
TOP LOSSER
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
BHARTI INFRA
|
366.10
|
350.05
|
-4.38
|
|
HCL TECH
|
814.20
|
792.35
|
-2.68
|
|
SUN PHARMA
|
800.55
|
782.70
|
-2.23
|
|
BOSCH LTD.
|
24548.30
|
24002.90
|
-2.22
|
|
TECH MAHINDRA
|
493.35
|
482.95
|
-2.11
|
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