23/10/2016

NIFTY HOLDS 8700, SENSEX STEADY | TODAY DERIVATIVE MARKET OUTLOOK 24 OCTOBER 2016.

DERIVATIVE REPORT | NIFTY REPORT



NIFTY FUTURE OUTLOOK

The Indian equity market ended in the red on Friday tracking declines in Asian stocks as a stronger dollar weighed on crude oil prices, hurting investor risk appetite. Today’s major decline was led by consumer durables followed by metal, energy, and finance stocks, while realty, IT, telecom, capital goods and banking were among the gainers. In first half, bias was slightly on the negative side but swift recovery in last one hour of trade completely trimmed the intra-day losses.  Nifty closed with a mere six points loss at 8,693.  Nifty opened at 8,709 hitting a high of 8,709.10 and low of 8,652. India VIX index was down 2.36% at 13.8300. The BSE Midcap and Smallcap indices closed higher. The rupee was trading down five paise at 66.85 per US dollar. On the global front, Japan’s Nikkei slipped 0.30%. Hong Kong’s Hang Seng and the Shanghai Composite closed in the green. European stocks saw a mixed trade after the European Central Bank kept its policy rate unchanged after a monetary policy meeting. 
Nifty open Flat on Friday  and  shown choppy  movement over the full trading hour’s .nifty trade above the level of 8630. Nifty next support would be 8480-8450.Traders can go short on a break below 8500. Range bound movement may be seen in Nifty ,if its maintain the level of 8700 so, up sided movement would be up to 9050-9150.

NIFTY FUTURE :
R1:8722
R2:8743
R3:8777
PIVOT :8688
S1:8666
S2:8633
S3:8611




NIFTY BANK FUTURE



NIFTY BANK OUTLOOK

Bank nifty open Flat today and showing range bound movement over the full market hour’s.  Bank nifty  on technical chart have support of 19000, below that level next level for bank nifty would be 18400-18600. Above the level of 19500 upside movement can be seen. INDUSIND   BANK (+1.45%) and HDFC BANK  (+1.21%) is the top gainers  of the day.

Bank nifty Open Flat at 19651.10, to its previous closing 19669.20 on Friday and touched high of 19753.00. bank nifty have support of 19000,if bank nifty not sustain at that level ,next level of bank nifty would be 18700-18500.On the other hand above 19800 ,new level for Bank nifty would be 20000-20250.

BANK  NIFTY FUTURE :
R1:19810
R2:19897
R3:20042
PIVOT :19665
S1:19578
S2:19434
S3:19346




USDINR

The Indian rupee fell further in early trade Friday. The currency has opened at 66.89 per dollar, down 8 paise compared with 66.81 a dollar in previous session. The US dollar continues to gain against most of its peers with the Dollar Index settling above 98 level. The USD/INR currency pair also came off from recent highs, in-line with other peer currencies. The dollar was boosted by a fall in the euro after the European Central Bank shot down talk it was contemplating tapering its monetary easing - sending the euro lower. The dollar hovered near a seven-month high against an index of peer.

USDINR :
R1:66.95
R2:67.01
R3:67.06
PIVOT : 66.90
S1:66.84
S2:66.79
S3:66.73




ASIAN MARKETS

NAME
CHANGE
% CHANGE
NIKKEI 225
-50.91
-0.30
STRAITS TIMES
-11.56
-0.41
HANG SENG
69.43
0.30
TAIWAN WEIGHTED
-10.67
-0.11






Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.30% and the Shanghai Composite rose 0.21%. The Nikkei 225 lost 0.30%.

INDIAN MARKETS

Name
         Change
   % Change
            Open
             High
           Low
Nifty 50
-6.35
                -0.07
8708.60
8709.10
8652.05
Nifty Bank
52.20
                 0.26
19636.40
19744.00
19516.40
Nifty Metal
-20.45
                -0.76
2705.75
2706.80
2667.35
Nifty Pharma
11.20
0.10
11508.70
11515.20
11416.40
Nifty Realty
1.70
0.81
209.10
210.75
208.30







Name
      Change
    % Change
           Open
          High
            Low
Sensex
-52.66
-0.19
28163.41
28163.41
27957.92
S&P BSE
Small Cap
13.28
0.10

13443.76
13448.81
13397.96
S&P BSE
Midcap
42.19
0.31
13578.67
13611.77
13518.65
















TOP GAINER vs TOP LOSER


TOP GAINER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
IDEA
78.30
80.00
+2.17
TECH MAHINDRA
425
434.10
+2.14
TATA POWER
81.90
83.60
+2.01
HCL TECH.
815.55
831.75
+1.99
INDUSIND BANK
1206.80
1224.30
+1.45

TOP LOSER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
ACC
1609.45
1566.15
-2.69
AXIS BANK
540.05
526.10
-2.58
AMBUJA CEMENTS
253.05
247.00
-2.39
CIPLA
596.60
583.25
-2.24
HINDALCO
155.25
151.85
-2.19





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