16/10/2016

SENSEX ,NIFTY FLAT BUT MID-CAP,SMALL CAP CONTINUE TO SHINE | TODAY STOCK MARKET UPDATE 17 OCT 2016.

NIFTY FUTURE | DERIVATIVE REPORT


NIFTY OUTLOOK:-

NIFTY FUTURE :
R1:8624
R2:8643
R3:8673
PIVOT :8594
S1:8575
S2:8545
S3:8526



Sensex closed 30.49 points, or 0.11 %, up at 27,673.60, while the Nifty index settled 10.05 points, or 0.12%, up at 8,583.40. Market sentiments improved after India’s Wholesale Price Index (WPI) in the month of September 2016 has softened to 3.57 percent compared to 3.74 % in the previous month. Also, the consumer prices index (CPI), eased in the month of September at 4.31% as compared to 5.05 % in August, mainly on account of a sharp fall in food prices especially those of vegetables. This is the first time in this financial year that the overall CPI inflation has fallen below the Reserve Bank of India’s inflation target of 5% by March 2017. Meanwhile, Finance Minister Arun Jaitley has said that the absence of reforms in infrastructure and power sectors by the previous government created huge non-performing assets (NPAs) in these core segments. If Nifty holds 8500 for next couple of days then we would see a sharp positive rally. 

Nifty open Flat on Friday  and  shown range bound movement over the full trading hour’s .nifty trade above its psychological level of 8500. 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 BANK FUTURE


NIFTY BANK OUTLOOK

BANK  NIFTY FUTURE :
R1:19138
R2:19191
R3:19268
PIVOT :19060
S1:19008
S2:18930
S3:18878



Bank nifty open flat today and showing choppy movement over the full 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. next support of bank nifty  is 18700-18500. KOTAK MAHINDRA BANK (+1.22%) and SBI BANK  (+0.98%) is the top gainers  of the day.

Bank nifty Open flat at 19060.05, to its previous closing 19017.40 on Friday and touched high of 19113.35. bank nifty break its 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.

USDINR:-

The Indian rupee has bounced back on Friday. It has opened at 66.84 a dollar, higher by 9 paise compared with 66.93 a dollar in previous session. The release of FOMC minutes indicating chances of a rate hike in December coupled with weak Chinese data resulted in a risk-off sentiment across markets. The Dollar gained across the board with the Dollar index moving to 98 levels and the USD/INR currency pair was no exception with the pair closing near 67 a dollar figure (on Thursday). 

USDINR :
R1:66.93
R2:67.05
R3:67.12
PIVOT : 66.86
S1:66.74
S2:66.67
S3:66.55





EUROPEAN MARKET
NAME
CHANGE
% CHANGE
FTSE 100
35.81
0.51
CAC 40
65.75
1.47
DAX
166.31
1.57






ASIAN MARKETS

NAME
CHANGE
% CHANGE
NIKKEI 225
82.13
0.49
STRAITS TIMES
9.76
0.35
HANG SENG
202.01
0.87
TAIWAN WEIGHTED
-54.00
-0.59





Asian markets finished higher on Friday with shares in Hong Kong leading the region. The Hang Seng is up 0.88% while Japan's Nikkei 225 is up 0.49% and China's Shanghai Composite is up 0.08%.

INDIAN MARKETS

Name
         Change
   % Change
            Open
             High
           Low
Nifty 50
10.05
0.12
8594.00
8604.45
8549.80
Nifty Bank
65.90
0.35
19016.70
19053.50
18926.15
Nifty Metal
-12.75
-0.48
2660.15
2666.55
2634.60
Nifty Pharma
41.25
0.36
11384.50
11394.45
11320.30
Nifty Realty
1.70
0.83
204.75
206.15
202.65






Name
      Change
    % Change
           Open
          High
            Low
Sensex
30.49
0.11
27712.22
27763.54
27548.18
S&P BSE
Small Cap
108.39
0.82

13092.74
13188.04
13087.44
S&P BSE
Midcap
107.66
0.80
13331.78
13431.67
13331.01
















TOP GAINER VS TOP LOSER

TOP GAINER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
GAILS
413.70
430.40
+4.04
L&T
1438.40
1474.85
+2.53
TATA MOTORS
544.85
556.10
+2.06
RELIANCE INDS.
1057.15
1077.65
+1.94
TATA CONSULT.
2328.90
2366.20
+1.60

TOP LOSER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
ZEEL
546.55
528.50
-3.30
BHARTI INFRATEL
374.35
365.20
-2.44
INFOSYS
1052.35
1027.15
-2.39
HUL
862.05
842.25
-2.30
IDEA
76.05
74.70
-1.78






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