NIFTY OPENS ABOVE 8750, SENSEX CLIMBS OVER 100 PTS | TODAY STOCK MARKET OUTLOOK 04 SEPTEMBER 2016.

NIFTY FUTURE | DERIVATIVE REPORT

NIFTY FUTURE OUTLOOK

NIFTY FUTURE :	R1:8825	R2:8872	R3:8957
PIVOT :8741	S1:8694	S2:8609	S3:8562

Globally market turned positive after a report that the Deutsche Bank is near a settlement with the justice department. US market closed higher followed by Asian market which was in green, helped domestic market to open higher. Nikkei Manufacturing PMI data which was higher than expected bring additional momentum in the market and continue buying interest since then lifted the market higher. Finally, Nifty ended the day at 8738.10, up by 126.95 point from the last Friday’s close. Throughout the trading session market breadth was in positive and no such attempt from the bears was visible and market continued to recover most of the big fall we have witnessed last Thursday. However, key resistance is at 8,800, as such one should wait for a close above this level before come into conclusion that market resumes its long-term uptrend after the correction. Breaking of the level market will find the momentum which is lacking couple of days and will then set for moving above the recent swing high at 9,000 level.

Nifty open up  on Monday  and  shown bullish movement After heavy selling on Thursday. Nifty next support would be 8500-8570.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

Bank nifty open up today and showing bullish movement over the full of the market hour’s. bank nifty bullish trend would be seen above the Level of 20000. If its sustain above 20000 so, next high level may be expected. Before that every high level  may be a opportunity for sell. 19000 is the next support in bank nifty future. INDUSIND BANK  (+3.09%) and AXIS  BANK        (1.76%) is the top gainers  of the day.

Bank nifty opened up at 19511.15, to its previous closing 19402.75 on Monday and touched high of 19707.50. 19000 is the next support for nifty ,if bank nifty not sustain at that level ,next level of bank nifty would be 18700-18500.every hike in bank nifty is the opportunity to short position.

NIFTY FUTURE :	R1:19778	R2:19871	R3:20035
PIVOT :19614	S1:19521	S2:19357	S3:19264

USDINR

The Indian rupee rose in the early trade on Monday. It has opened higher by 7 paise at 66.54 per dollar versus 66.61 Friday. Weakness in equity market will persist which will put pressure on rupee. The trading range for the day is seen between 66.50-67.20/dollar The dollar started off the week on a firmer footing as fears about deutsche bank receded and investors looked ahead to this week's US jobs data.

USDINR :	R1:66.87	R2:66.92	R3:67.00
PIVOT : 66.78	S1:66.73	S2:66.65	S3:66.60

ASIAN MARKETS

NAME	CHANGE	% CHANGE
NIKKEI 225	148.83	0.90
STRAITS TIMES	1.37	0.05
HANG SENG	287.28	1.22
TAIWAN WEIGHTED	67.35	0.73

Asian markets finished broadly higher on Friday with shares in Hong Kong leading the region. The Hang Seng is up 1.23% while Japan's Nikkei 225 is up 0.91% and China's Shanghai Composite is up 0.21%.

INDIAN MARKETS

Name	Change	% Change	Open	High	Low
Nifty 50	126.95	1.45	8666.15	8745.20	8635.00
Nifty Bank	303.35	1.55	19395.55	19611.25	19363.95
Nifty Metal	64.00	2.47	2542.10	2590.00	2540.20
Nifty Pharma	177.25	1.52	11528.95	11668.35	11528.95
Nifty Realty	6.30	3.01	204.90	209.45	204.45

Name	Change	% Change	Open	High	Low
Sensex	377.33	1.34	27997.29	28273.02	27919.89
S&P BSE Small Cap	341.41	2.60	12829.72	13128.85	12829.64
S&P BSE Midcap	316.08	2.34	13191.54	13490.00	13189.36

TOP GAINER vs TOP LOSER

TOP GAINER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
ZEEL	546.75	578.85	+5.87
EICHER MOTORS	24827.80	25796.25	+3.90
MARUTI	5477.30	5681.00	+3.72
HERO MOTOCORP	3413.70	3521.15	+3.15
INDUSIND BANK	1195.95	1232.90	+3.09

TOP LOSER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
TATA CONSULTAN.	2430.80	2411.70	-0.79
BHARTI INFRATEL	365.30	362.75	-0.70
BOSCH LTD.	22797.85	22752.95	-0.20