NIFTY FUTURE | DERIVATIVE REPORT
NIFTY FUTURE OUTLOOK
The
Indian equity market spent the entire day in a narrow range after the recent
slide and ended higher on Monday. The
first half was comparatively better; thanks to buying in select index majors,
but profit taking in last two hours completely reversed the intra-day gains and
pushed index to neutral line. Amidst all, stock specific move continued as
usual where banking, financial and energy counters attracted maximum attention
from the traders. Some support also came
with the Union Minister Arjun Ram Meghwal’s statement that the country’s
economy will grow 8% this fiscal, while agricultural growth is expected to be
over 4%. Traders are already under
pressure due to excessive volatility in stocks due to earning season and the
upcoming expiry of October month derivative contract will further add to the
choppiness ahead. Nifty closed with a
gain of 16 points at 8,709. Nifty opened
at 8,710 hitting a high of 8,737 and low of 8,684. The India VIX index was up 3.63% at 14.3325. Out of
1,557 stocks traded on the NSE, 639 declined and 855 advanced today.
Nifty open gap up on Monday 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 :
|
R1:8748
|
R2:8777
|
R3:8806
|
|
PIVOT :8719
|
S1:8690
|
S2:8661
|
S3:8633
|
NIFTY BANK FUTURE
BANK NIFTY OUTLOOK
Bank nifty open Up 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. ICICI BANK (+2.58%) and SBI BANK
(+1.72%) is the top gainers of
the day.
Bank nifty Open Up at 19770.05, to its previous closing 19723.25 on
Monday and touched high of 19899.00. 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.
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BANK NIFTY FUTURE :
|
R1:19895
|
R2:19970
|
R3:20042
|
|
PIVOT :19824
|
S1:19749
|
S2:19677
|
S3:19602
|
USDINR
The
Indian rupee opened flat at 66.90 per dollar on Monday versus 66.89
Friday. Expectation of rate hike by US Fed is clearly reflecting in a stronger
dollar index, which will continue to put its peers under pressure. Thus rupee
too will remain under pressure The dollar rose to its highest level since early
February against a basket of currencies, boosted by higher expectations of a
Federal Reserve interest rate hike this year and by the euro weakening to
seven-month lows.
|
USDINR
:
|
R1:66.91
|
R2:66.97
|
R3:67.02
|
|
PIVOT : 66.87
|
S1:66.81
|
S2:66.76
|
S3:66.70
|
ASIAN MARKETS
|
NAME
|
CHANGE
|
% CHANGE
|
|
NIKKEI 225
|
49.83
|
0.29
|
|
STRAITS TIMES
|
25.62
|
0.90
|
|
HANG SENG
|
229.68
|
0.97
|
|
TAIWAN WEIGHTED
|
15.93
|
0.17
|
Asian
markets finished broadly higher today with shares in China leading the region.
The Shanghai Composite is up 1.21% while Hong Kong's Hang Seng is up 0.98% and
Japan's Nikkei 225 is up 0.29%.
INDIAN MARKETS
|
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
|
Nifty 50
|
15.90
|
0.18
|
8709.85
|
8736.95
|
8684.15
|
|
Nifty Bank
|
97.00
|
0.49
|
19763.85
|
19897.85
|
19751.65
|
|
Nifty Metal
|
2.75
|
0.10
|
2689.75
|
2701.95
|
2683.85
|
|
Nifty Pharma
|
-6.95
|
-0.06
|
11535.05
|
11540.75
|
11450.95
|
|
Nifty Realty
|
1.15
|
0.55
|
210.25
|
212.05
|
208.95
|
|
|
|
|
|
|
|
|
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
|
Sensex
|
101.90
|
0.36
|
28156.59
|
28256.65
|
28075.95
|
|
S&P
BSE
Small
Cap
|
69.25
|
0.51
|
13461.92
|
13535.86
|
13461.89
|
|
S&P
BSE
Midcap
|
-17.45
|
-0.13
|
13632.06
|
13669.04
|
13568.52
|
|
|
|
|
|
|
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TOP GAINER VS TOP LOSER
TOP GAINER
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
ONGC
|
279.80
|
292.35
|
+4.49
|
|
TATA MOTORS
|
544.50
|
559.80
|
+2.81
|
|
BHARAT PETRO.
|
668.25
|
686.20
|
+2.69
|
|
ICICI BANK
|
277.40
|
284.55
|
+2.58
|
|
COAL INDIA
|
313.30
|
321.25
|
+2.54
|
TOP LOSER
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
IDEA
|
80
|
76.80
|
-4.00
|
|
WIPRO
|
499.20
|
483.95
|
-3.05
|
|
HCL TECH
|
831.75
|
810.65
|
-2.54
|
|
ASIAN PAINTS
|
1153.50
|
1127.50
|
-2.25
|
|
ZEEL
|
522.85
|
512.05
|
-2.07
|
|
|
|
|
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