NIFTY
OUTLOOK
|
NIFTY FUTURE :
|
R1:8789
|
R2:8836
|
R3:8867
|
|
PIVOT :8758
|
S1:8711
|
S2:8679
|
S3:8632
|
Sensex closed 443.71
points down at 28353, while Nifty settled 151.10 points down at 8715.60. NSE
Nifty registered their biggest one-day fall on Monday since June 24, 2016 on
account of weak global cues following re-emergence of US Fed rate hike
concerns. Traders also stood cautious ahead of factory output, or IIP data, for
July July and inflation data for August scheduled to be released later in the
day. Weak Indian
rupees further dampened market sentiments on Monday. The BSE Mid cap and
BSE Small cap index were down by 2.94 per cent and 2.28 per cent at 12953.09 and
12568.13, respectively. Meanwhile, European markets also opened in red in line
with global peers.
Nifty open gap down today’s due to global
concern. 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 OUTLOOK
|
NIFTY
FUTURE :
|
R1:20010
|
R2:20126
|
R3:20252
|
|
PIVOT :19885
|
S1:19769
|
S2:19644
|
S3:19528
|
Banking stocks continued to trade under pressure for the
second straight day after rating agency Fitch said that the progressive
increase in minimum capital requirements under Basel III is likely to put
nearly half of Indian banks in danger of breaching capital triggers. Weak
global sentiments further dented market sentiments on Monday as markets are
expecting that the US Federal Reserve could be closer to an interest rate hike.
Bank Nifty upward movement would be seen above 20000, below 19800 bank nifty
downside level may be 19600-19400. BANK
BARODA (-5.93%) and YES BANK (-5.57%) is the top losers of the day.
Bank nifty opened gap down at 20001.25, to its previous closing
20350.40 on Monday and touched high of 20001.25. 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 slipped in the early trade on Monday. It has opened lower by 20
paise at 66.88 per dollar versus 66.68 Friday. We expect the rupee to
trade with a negative bias under pressure from global sentiment. The dollar
began the week on the back foot as a bout of risk aversion underpinned the yen,
though the US currency garnered some support on renewed talk of a possible rate
hike by the Federal Reserve as early as this month.
|
USDINR
:
|
R1:67.13
|
R2:67.21
|
R3:67.29
|
|
PIVOT : 67.05
|
S1:66.97
|
S2:66.89
|
S3:66.81
|
TOP GAINER VS TOP LOSER
--- TOP GAINER---
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
INFY
|
1035.50
|
1054.00
|
+1.79
|
|
TECH MAHINDRA
|
458.30
|
463.85
|
+1.21
|
|
HCL TECHNOLOGY
|
780.55
|
782.70
|
+0.28
|
|
TATA CONSUL.
|
2352.45
|
2359.05
|
+0.28
|
|
RELIANCE INDS.
|
1044.55
|
1046.50
|
+0.19
|
---TOP LOSER---
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
HINDALCO
|
154.85
|
140.85
|
-9.04
|
|
BANKBARODA
|
171.95
|
161.75
|
-5.93
|
|
YES BANK
|
1276.25
|
1205.10
|
-5.57
|
|
TATA STEEL
|
394.60
|
373.60
|
-5.40
|
|
AMBUJA CEMENTS
|
272.65
|
259.85
|
-4.69
|
|
|
|
|
|
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