NIFTY FUTURE
NIFTY FUTURE :
|
R1:8658
|
R2:8721
|
R3:8757
|
PIVOT :8622
|
S1:8559
|
S2:8523
|
S3:8460
|
Sensex closed 224.03
points down at 27,835.91 following global cues. Nifty settled 58.10 points down
at 8592.20. In the Nifty 50, BHEL, BPCL, GAIL, ITC and HCL Technologies
shares gained between 0.96% and 3.23%. On the other hand, Wipro, Adani Ports,
Idea , Zeel and Tech Mahindra slid between 2.09 % and 3.16%. Market
sentiment also remained volatile on account of August series derivatives
expiry. Overall market breadth for the day remained negative and advances
to declines ratio for Nifty stood at 15:36 for the day. Welspun India shares were trading 2%
down at Rs 58.10. Shares of the company came under pressure again
after
US retailer Bed Bath
& Beyond said it ordered an external audit
of textiles from Welspun India. The
market
cap of Welspun India nearly halved this
week.
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 BANK OUTLOOK
NIFTY
FUTURE :
|
R1:19399
|
R2:19492
|
R3:19546
|
PIVOT :19345
|
S1:19252
|
S2:19198
|
S3:19105
|
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. AXIS
BANK (+0.54%) and KOTAK BANK (+0.48%) is the top gainers of the day.
Bank nifty opened flat at 19364.70, to its previous closing 19376.00
on Thursday and touched high of 19438.00. 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.
USDINR
The
Indian rupee opened marginally higher at 67.09 per dollar on Thursday
versus previous close of 67.11. Global currency markets are cautious and
rangebound ahead of Yellen's Jackson Hole speech as it could give clues on US
Fed rate hike. Rupee is marginally weaker in-line with other EM currencies.
Dollar held steady led by uncertainty ahead of a meeting of central bankers at
Jackson Hole on Friday.
USDINR
:
|
R1:67.12
|
R2:67.18
|
R3:67.23
|
PIVOT : 67.07
|
S1:67.01
|
S2:66.96
|
S3:66.90
|
INDIAN MARKETS
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
Nifty 50
|
-58.10
|
-0.68
|
8668.85
|
8683.05
|
8583.65
|
Nifty Bank
|
-51.35
|
-0.27
|
19383.70
|
19432.75
|
19282.80
|
Nifty Metal
|
-41.70
|
-1.63
|
2597.85
|
2603.90
|
2548.45
|
Nifty Pharma
|
-45.70
|
-0.40
|
11588.45
|
11657.20
|
11463.65
|
Nifty Realty
|
-1.50
|
-0.72
|
210.70
|
212.15
|
208.05
|
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
Sensex
|
-224.03
|
-0.80
|
28103.60
|
28154.21
|
27803.24
|
S&P BSE
Small Cap
|
-13.43
|
-0.11
|
12541.89
|
12593.17
|
12485.09
|
S&P BSE
Midcap
|
-45.94
|
-0.35
|
13050.80
|
13100.26
|
12957.93
|
TOP GAINER VS TOP LOSERS
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
BHEL
|
136.80
|
140.90
|
+3.00
|
BHARAT PETRO
|
581.75
|
598.25
|
+2.84
|
GAIL
|
365.55
|
373.10
|
+2.07
|
ITC
|
250.25
|
253.45
|
+1.28
|
HCL TECH
|
790.35
|
798.05
|
+0.97
|
Company
|
Prev.
Close(Rs.)
|
Current Price(Rs.)
|
% Change
|
ADANIPORT
|
270.10
|
261.75
|
-3.09
|
WIPRO
|
519.65
|
504.00
|
-3.01
|
IDEA
|
98.35
|
95.65
|
-2.75
|
BHARTI INFRATEL
|
346.65
|
339.35
|
-2.11
|
ZEEL
|
521.80
|
510.80
|
-2.11
|
VISITS:- http://equityresearchlab.com/
CONTACT US:-8370098946.
No comments:
Post a Comment