TODAY SHARE MARKET UPDATE 23 SEPTEMBER 2016.

NIFTY FUTURE | DERIVATIVE REPORT

NIFTY OUTLOOK

NIFTY FUTURE :	R1:8914	R2:8944	R3:8971
PIVOT :8887	S1:8857	S2:8830	S3:8800

The market ended with smart gains as the Sensex was up 265.71 points or 0.9 percent at 28773.13. The Nifty was up 90.30 points or 1 percent at 8867.45. About 1669 shares have advanced, 1067 shares declined, and 236 shares are unchanged. The BSE Smallcap and BSE Midcap index were trading 1.09 per cent and 1.44 per cent up at 12960.51 and 13300.46. Some buying activity is seen in oil & gas, utilities, banking, finance, capital goods and auto sectors, while IT and teck sector are showing weakness on BSE. The INDIA VIX is down 8.89% at 13.4875. SBI, Hero MotoCorp, ICICI Bank, Adani Ports and Asian Paints were top gainers while TCS, Axis Bank, Lupin, Coal India and Dr Reddy's Labs were losers in the Sensex.

Nifty open gap up on Thursday  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.

NIFTY BANK FUTURE

NIFTY BANK OUTLOOK

NIFTY FUTURE :	R1:20327	R2:20492	R3:20635
PIVOT :20183	S1:20018	S2:19875	S3:19710

Bank nifty open gap up 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. BANK OF BARODA(-1.41%) and  SBI BANK (-1.30%) is the top losers    of the day.

Bank nifty opened gap up at 20225.30, to its previous closing 19901.15 on Thursday and touched high of 20349.00. 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

USDINR :	R1:66.86	R2:67.03	R3:67.12
PIVOT : 66.77	S1:66.60	S2:66.51	S3:66.34

The Indian rupee gained in early trade on Thursday. It has opened higher by 16 paise at 66.86 per dollar versus 67.02 Wednesday. FOMC at its meeting yesterday left the Fed funds rate unchanged even while the case for hiking has strengthened. Bank of Japan has also kept its policy rate unchanged while introducing yield curve control. The US dollar extended losses against a basket of major currencies after the US Federal Reserve left monetary policy unchanged and projected a less aggressive rise of interest rates in coming years. 

TOP GAINER vs TOP LOSER

     

----TOP GAINER----

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
AUROPHARMA	807.65	856.95	+6.10
HINDALCO	149.55	154.60	+3.38
BANK OF BARODA	164.35	169.45	+3.10
INDUSIND BANK	1185	1219.60	+2.92
SBI	251.15	257.90	+2.69

---TOP LOSER----

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
TATA CONSUL.	2413.40	2378.00	-1.47
TECH MAHINDRA	461.15	454.75	-1.39
IDEA	84.45	83.35	-1.30
AXIS BANK	598.90	591.80	-1.19
LUPIN	1545.75	1528.65	-1.11

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