15/09/2016

STOCK MARKET TIPS | DERIVATIVE REPORT OUTLOOK UPDATE 16 SEPTEMBER 2016.

NIFTY FUTURE REPORT



NIFTY OUTLOOK

NIFTY FUTURE :
R1:8795
R2:8817
R3:8851
PIVOT :8761
S1:8739
S2:8705
S3:8683



Sensex was up 22.69 points at 28394, while Nifty was up 7.45 points at 8,734.The market continued its consolidation for the second consecutive session Thursday as investors remained on sidelines ahead of Federal Reserve's two-day policy meeting next week. Nifty failed to hold 8750 level touched in late trade, up 15.95 points at 8742.55. On the global front, Asian stocks closed on mixed note. Markets in China, Taiwan and South Korea were closed for public holidays on Thursday. European stocks were mixed ahead of monetary policy decision from the Bank of England. The FTSE 100 and DAX were marginally up, while CAC 40 is trading in red.
Reliance Communications dropped 2.4% to Rs.49.80. RComm signed an agreement to merge its wireless business with smaller rival Aircel Ltd. The new entity will combine R-Com’s wireless business and Aircel’s operations in India.

Nifty open flat on Thursday  and  shown range bound 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.


NIFTY BANK FUTURE


NIFTY BANK OUTLOOK

NIFTY FUTURE :
R1:20070
R2:20202
R3:20329
PIVOT :19943
S1:19811
S2:19684
S3:19552



Bank nifty open flat and shown consolidation movement on Thursday. Bank Nifty upward movement would be seen above 20000, below 19800 bank nifty downside level  may be 19600-19400.YES BANK (-2.53%) and AXIS BANK (-2.17%) is the top losers of the day.

Bank nifty opened flat at 20230.10, to its previous closing 20014.20 on Thursday and touched high of 20075.00. 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 has opened at 66.88 a dollar on Thursday compared with 66.89 a dollar in previous session. global currency markets are range bound ahead of the September FOMC rate setting decision. The rupee is likely to trade in a range of 66.70-67 per dollar today. The currency closed marginally higher at 66.89 a dollar yesterday compared with 66.92 a dollar on Monday. 

USDINR :
R1:67.04
R2:67.19
R3:67.31
PIVOT : 66.92
S1:66.77
S2:66.65
S3:66.50





TOP GAINER Vs TOP LOSER


------TOP GAINER------

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
BHEL
146.35
150.30
+2.70
ZEEL
518.15
530.85
+2.45
RELIANCE INDS.
1044.75
1065.00
+1.94
MARUTI SUZUKI
5363.90
5452.40
+1.62
HINDALCO
143.25
145.55
+1.61


-----TOP LOSER-----

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
YES BANK
1253.50
1221.80
-2.53
POWER GRID
179.15
174.80
-2.43
AXIS BANK.
601.80
588.78
-2.17
TATA STEEL
373.90
366.40
-2.01
HERO MOTOCORP
3590.20
3523.45
-1.86







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