SENSEX , NIFTY UNDER PRESSURE | TODAY STOCK MARKET UPDATE REPORT 26 SEPTEMBER 2016.

NIFTY FUTURE | STOCK TIPS PROVIDER

NIFTY OUTLOOK

NIFTY FUTURE :	R1:8878	R2:8913	R3:8937
PIVOT :8854	S1:8819	S2:8795	S3:8760

Nifty closed with a loss of 36 points at 8,832.  Nifty opened at 8,881 hitting a high of 8,885 and low of 8,820. Snapping a two-session long gaining spree, the Indian equity market closed on Friday with investors’ opting for profit taking in select blue chip counter. A weak opening in the European counter added pressure to the domestic market. Today’s major decline was led by the banking, utilites, telecom, power, auto and IT stocks, while realty, oil & gas, energy and metal were among the gainers. FM Arun Jaitley, said that the GST Council will finalise the tax rate and slabs at its meeting between October 17-19. The India VIX index was down 0.69% at 13.2475. The BSE Midcap and Smallcap indices closed in green. The rupee was trading flat by one paise at 66.66 per US dollar. Axis Bank Ltd dropped 6% on the NSE. The stock, which is down for a second straight session, is the worst performer on Sensex, Nifty and the Nifty Bank indices.

Nifty open flat on Friday  and  shown range range  movement over the full market hour’s. Nifty next support would be 8700-8750.Traders can go short on a break below 8600. Range bound movement may be seen in Nifty ,if its maintain the level of 8800 so, up sided movement would be up to 9050-9150.

BANK NIFTY OUTLOOK

NIFTY FUTURE :	R1:20124	R2:20299	R3:20404
PIVOT :20019	S1:19844	S2:19739	S3:19564

Bank nifty open flat and shown range bound movement over the full trading session on Thursday, Bank Nifty upward movement would be seen above 20000, below 19800 bank nifty downside level  may be 19600-19400. AXIS BANK (-5.80%) and  ICICI BANK (-1.54%) is the top losers    of the day.

Bank nifty opened Flat at 20188.80, to its previous closing 20162.10 on Friday and touched high of 20195.00. In  Bank nifty bullish trend seen above the level of 20000-20500. if it’s maintain the level, then new level 20800-20900 will be expected. Below 19800 bank nifty downward  movement seen in between the level of  19600-19400.

USDINR

The Indian rupee opened lower by 30 paise at 66.96 per dollar on Friday against previous close of 66.66. US Fed announcement of no hike in funds rates, followed by Janet Yellen's statement had a negative impact on the dollar Index. This brushed off positively on USD-INR, which held below 67/dollar throughout yesterday. The dollar fell to its lowest in a week against the euro but recovered some ground against the yen after Fed hinted at a rise in interest rates this year with cuts in the longer term outlook.

ASIAN MARKET

NAME	CHANGE	% CHANGE
NIKKEI 225	-53.60	-0.32
STRAITS TIMES	10.89	0.38
HANG SANG	-73.32	-0.31
TAIWAN WEIGHTED	49.36	0.53

INDIAN MARKET

Name	Change	% Change	Open	High	Low
Nifty 50	-35.90	-0.41	8880.75	8885.20	8820.30
Nifty Bank	-207.80	-1.04	20136.75	20137.55	19861.45
Nifty Metal	1.45	0.06	2541.05	2559.55	2533.65
Nifty Pharma	-45.80	-0.39	11884.95	11895.95	11770.70
Nifty Realty	1.65	0.78	210.05	213.50	209.25

Name	Change	% Change	Open	High	Low
Sensex	-104.91	-0.37	28810.32	28825.09	28627.38
S&P BSE Small Cap	9.92	0.08	12972.28	13043.23	12948.71
S&P BSE Midcap	37.41	0.28	13314.34	13398.71	13303.68

TOP GAINER vs TOP LOSER

TOP GAINER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
RELIANCE INDS.	1088.95	1102.80	+1.27
HCL TECH	788.85	797.25	+1.06
DR.REDDY’S	3149.30	3182.20	+1.04
BHARAT PETRO.	598.80	604.65	+0.98
TATA CONSUL.	2378	2398.10	+0.85

TOP LOSER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
AXIS BANK	591.80	557.45	-5.80
ACC	1666.05	1617.00	-2.94
LUPIN	1528.65	1489.45	-2.56
AMBUJA CEMENT	265.55	259.00	-2.47
AUROPHARMA	856.95	841.15	-1.84