NIFTY FUTURE
TOP GAINER
stock market tips, share market tips, stock future tips, bank nifty tips,equity tips, intraday tips
INDEX OUTLOOK
Sensex closed 284
points down at 27697.51, while Nifty settled below 8,600-mark on Wednesday.
After the passage of GST Bill, stocks of logistics, FMCG (excluding cigarettes
and Jewellery), auto, cement, light electricals, multiplexes and
retail will remain in focus today. GST bill passed by Rajya Sabha is a
game changing, path breaking and the most important reform since independence.
Look forward to an exciting time ahead. The country is
on
the way towards double digit growth. Very bullish on scrip called India. A
historic, transformational and a game changing move. The whole world
would
like to participate in the Indian growth story.
Nifty
taking 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 :
|
R1:8634
|
R2:8674
|
R3:8717
|
|
PIVOT : 8591
|
S1:8551
|
S2:8507
|
S3:8467
|
BANK NIFTY OUTLOOK
Bank Nifty future opened up 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 (-1.03%) and ICICI BANK
(-0.72%) is the top losers of the day.
Bank nifty opened
up at 18812.20, to its previous closing 18693.20 on Thursday and touched high
of 1882.20. 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 :
|
R1:18835
|
R2:18966
|
R3:19121
|
|
PIVOT
:18681
|
S1:18550
|
S2:18395
|
S3:18264
|
USDINR
The Indian rupee opened higher by 14 paise at 66.85 per dollar on Thursday
versus 66.99 Wednesday. We expect rupee and bond markets to recover from the
positive news of Rajya Sabha passing the GST Constitutional Amendment Bill last
evening. This should continue the strengthening trend of the rupee of the last
7 days despite profit booking seen yesterday. With little surprise expected
from RBI policy next week, we expect the rupee to trade in the range of
66.25-66.75/dollar in the next 2 weeks .
|
USDINR :
|
R1:67.00
|
R2:67.09
|
R3:67.19
|
|
PIVOT
: 66.94
|
S1:66.89
|
S2:66.79
|
S3:66.74
|
IIIII
TOP GAINER
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
%
Change
|
|
BANK OF BARODA
|
148.85
|
155.75
|
+4.64
|
|
TATA MOTOR
|
478.40
|
500.00
|
+4.52
|
|
TATA STEEL
|
358.05
|
373.80
|
+4.40
|
|
ADANIPORTS
|
222.85
|
227.90
|
+2.27
|
|
BHARTI AIRTEL
|
358.85
|
366.25
|
+2.06
|
TOP LESSOR
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
ASIAN PAINTS
|
1143.40
|
1127.30
|
-1.41
|
|
LUPIN
|
1679.85
|
1657.65
|
-1.32
|
|
INFY
|
1084.90
|
1071.80
|
-1.21
|
|
ZEEL
|
492.85
|
487.50
|
-1.09
|
|
INDUSIND BANK
|
1178.40
|
1166.30
|
-1.03
|
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