NIFTY FUTURE
Nifty crossed
8,900 mark on Tuesday On Tuesday, the index was trading 1.50 points up at
8944.50 in the late morning trade. After surging around 750 points last
week, Sensex
rallied further on Tuesday and it surpassed 29,000-mark in
Wednesday’s trade on account of sustained inflows by FII and firm global cues.
Overall, market sentiments turned positive in the recent past on dimming hopes
of an interest-rate hike by the US Fed this month. Traders also got some
encouragement from Prime Minister Narendra Modi’s statement
that the country’s priority will be to work towards trade facilitation
agreement (TFA) for services, a move that will help in movement of
professionals. Some support also came with report that FIIS were net buyers in
Indian equities worth Rs 1,439 crore on Tuesday, as per provisional stock
exchange data.
Nifty
ended above its psychological level of
8900 and made a new high above 8989.50 after successfully breaking the level of
8900 . Nifty up sided movement would
be up to 9050-9150. support for nifty will be 8800-8750.Traders can go short on a break below 8600.
|
NIFTY
FUTURE :
|
R1:8980
|
R2:9008
|
R3:9027
|
|
PIVOT :8961
|
S1:8932
|
S2:8913
|
S3:8885
|
NIFTY BANK FUTURE
|
NIFTY
FUTURE :
|
R1:20620
|
R2:20733
|
R3:20817
|
|
PIVOT :20536
|
S1:20423
|
S2:20339
|
S3:20226
|
BANK NIFTY OUTLOOK
Bank Nifty
future open up and showing consolidation
movement over the full trading hour’s .Downside
movement in bank nifty may be 19700-19600
if its break the level of 19850-19800. On the other the hand up sided movement
will be seen above 20000-20500 level ,up to 20800-20900. In between
consolidation may be seen for a short time. BANK OF BARODA
(+3.13%) and SBI BANK (+2.58%) is the top gainers of the day.
Bank nifty opened up at 20570.00, to its previous closing 20496.55 on
Wednesday and touched high of 20649.45. 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 started off trade at four-month high on Tuesday after fall in
US dollar due to weaker-than-expected jobs data. The currency has opened at
66.53 a dollar, up 29 paise compared with Friday's closing value of 66.82 a
dollar. The market opened after a long weekend as it was shut on Monday for
Ganesh Chaturthi holiday. The probability of a US rate hike in September has
diminished after the recent weaker-than-expected jobs report. The USD traded
heavy against most of the currencies.
|
USDINR
:
|
R1:66.79
|
R2:66.84
|
R3:66.89
|
|
PIVOT : 66.74
|
S1:66.69
|
S2:66.64
|
S3:66.59
|
|
TOP GAINERS VS. TOP LOSERS
|
-TOP GAINER-
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
BHEL
|
138.15
|
159.65
|
+15.56
|
|
BANKBARODA
|
169.50
|
174.80
|
+3.13
|
|
ONGC
|
238.55
|
244.95
|
+2.68
|
|
SBI
|
260.10
|
266.80
|
+2.58
|
|
ICICI BANK
|
272.70
|
278.15
|
+2.00
|
-TOP LOSER-
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
YES BANK
|
1440.80
|
1401.55
|
-2.72
|
|
TATA POWER
|
78.50
|
76.70
|
-2.29
|
|
ASIAN PAINTS
|
1204.15
|
1177.20
|
-2.24
|
|
HDFC
|
1458.05
|
1427.15
|
-2.12
|
|
GAIL
|
403.20
|
395.95
|
-1.80
|
|
|
|
|
|
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