NIFTY OUTLOOK
Sensex closed
4.67 points up, while Nifty settled 3.45 points up at 8,632.60 after a volatile
trade. However, the BSE Midcap index and BSE Smallcap index closed down by
0.28% and 0.07% at 12945.30 and 12433.78, respectively. Birla Corporation has
completed the process of acquisition of the cement business of Reliance
Infrastructure (RIL). The company has acquired 100% shares of Reliance Cement
Company (Reliance Cement), a subsidiary of RIL. After this acquisition,
Reliance Cement has become a wholly-owned material subsidiary of Birla
Corporation. The acquisition has been funded through existing cash reserves and
incremental debt. Shares of Birla Corporation were trading 2.68% down at Rs
662.70. Reliance
Infrastructure was up 2.27 per cent.
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 :
|
R1:8667
|
R2:8693
|
R3:8731
|
|
PIVOT :8629
|
S1:8603
|
S2:8565
|
S3:8539
|
NIFTY BANK OUTLOOK
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. BANK OF BARODA (+2.66%) and KOTAK
BANK (+0.71%) is the top gainers of the day.
Bank nifty opened flat at 19322.00, to its previous closing 19340.40
on Tuesday and touched high of 19405.45. 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 :
|
R1:19436
|
R2:19501
|
R3:19597
|
|
PIVOT :19340
|
S1:19276
|
S2:19180
|
S3:19115
|
USDINR
The Indian rupee opened
higher by 7 paise at 67.12 per dollar on Tuesday against previous
close 67.19. The market attention is fully focused on Fed Chief Janet
Yellen's Jackson Hole speech this weekend, after some hawkish comments from Fed
speakers have increased the probability of Fed hiking interest rates earlier
than anticipated. The dollar halts its advance against major currencies on
hesitation ahead of a speech from the Fed chair on Friday.
|
USDINR
:
|
R1:67.51
|
R2:67.90
|
R3:68.10
|
|
PIVOT : 67.30
|
S1:66.91
|
S2:66.71
|
S3:66.32
|
INDIAN MARKET
|
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
|
Nifty 50
|
3.45
|
0.04
|
8628.35
|
8642.15
|
8580.00
|
|
Nifty Bank
|
11.40
|
0.06
|
19311.90
|
19372.65
|
19246.90
|
|
Nifty Metal
|
-11.35
|
-0.44
|
2604.30
|
2618.05
|
2567.10
|
|
Nifty Pharma
|
-64.75
|
-0.57
|
11474.05
|
11474.05
|
11361.00
|
|
Nifty Realty
|
-0.70
|
-0.33
|
210.10
|
210.20
|
207.90
|
|
Name
|
Change
|
%
Change
|
Open
|
High
|
Low
|
|
Sensex
|
4.67
|
0.02
|
28012.56
|
28028.98
|
27854.43
|
|
S&P
BSE
Small
Cap
|
-8.69
|
-0.07
|
12442.59
|
12482.54
|
12400.20
|
|
S&P
BSE
Midcap
|
-35.73
|
-0.28
|
12995.42
|
12995.45
|
12884.90
|
|
|
|
|
|
|
|
TOP GAINER
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
IDEA
|
94.50
|
101.00
|
+6.88
|
|
BANKBARODA
|
160.05
|
164.30
|
+2.66
|
|
HCL TECH
|
772.25
|
791.00
|
+2.43
|
|
INFY
|
1015.45
|
1039.65
|
+2.38
|
|
TATA CONSUL.
|
2548.70
|
2601.05
|
+2.05
|
TOP LOSERS
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
BHEL
|
143.90
|
136.90
|
-4.86
|
|
BHARAT PETRO
|
597.50
|
576.10
|
-3.58
|
|
TATA POWER
|
77.05
|
74.80
|
-2.92
|
|
NTPC
|
163.65
|
159.00
|
-2.84
|
|
AUROPHARMA
|
750.15
|
736.60
|
-1.81
|
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