02/10/2016

SENSEX,NIFTY RISE OVER 1%; AUTOS, BANKS, OIL STOCKS SUPPORT | TODAY STOCK MARKET UPDATE 03 OCTOBER 2016.

NIFTY FUTURE | DERIVATIVE REPORT 


NIFTY OUTLOOK-

NIFTY FUTURE :
R1:8675
R2:8710
R3:8751
PIVOT :8634
S1:8599
S2:8558
S3:8523




The key benchmark swung between gains and losses but finally closed higher today. After opening on a flat note indices remained under pressure and slipped lower in the first half. Nifty closed with a gain of 20 points at 8,611. It opened at 8,582, hitting a high of 8,637 and low of 8,555.Sentiments got some support on IMF Managing Director Christine Lagarde stating that India is embarking on significant reforms and will grow at more than 7%. The small-cap and mid-cap stocks rebounded even as the main indices extended losses after falling the most in 3-months following the nation’s attack on terrorists in Pakistan. In the broader market, the BSE Smallcap index gained over 1.9% while the BSE Midcap index was up 2%. Market participants are anxiously awaiting the Monetary Policy Review on October 4, the first to be held under the newly appointed RBI Governor Urjit Patel and the first to be decided by a six-member panel. The India VIX index was down 6.88% at 17.1800. 

Nifty open Flat  on Friday  and  shown Range bound 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-

NIFTY FUTURE :
R1:19533
R2:19663
R3:19880
PIVOT :19316
S1:19186
S2:18969
S3:18839



Bank nifty open Flat today and showing consolidation movement till Afternoon. At closing time of the market hour’s its shown bullish trend after   panic dawn fall seen in bank nifty Due to Indian Army confirmed that it undertook surgical strikes across the Line of Control in  Jammu and Kashmir at terror launchpads sending across a very strong message to Pakistan on Wednesday night.  BANK OF BARODA (+3.40%) and  YES BANK        (1.94%) is the top gainers  of the day.

Bank nifty opened up at 19271.75, to its previous closing 19331.55 on Friday and touched high of 19447.00. 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.

USDINR

The Indian rupee remained unchanged in opening at 66.85 per dollar on Friday against previous close of 66.85. News about India's overnight raid on terror camps at the Line of Control jarred all markets in India. the USD-INR pair is likely to trade in a range of 66.60- 66.90/dollar depending on further news. The US dollar snapped its longest slide since August as gross domestic product and jobless claims data bolstered speculation the Federal Reserve is set raise interest rates by year-end.

USDINR :
R1:66.95
R2:67.05
R3:67.25
PIVOT : 66.75
S1:66.65
S2:66.45
S3:66.35




ASIAN MARKETS

NAME
CHANGE
% CHANGE
NIKKEI 225
-243.87
-1.48
STRAITS TIMES
-16.24
-0.57
HANG SENG
-442.32
-1.90
TAIWAN WEIGHTED
-104.05
-1.14






Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.21%, while the Hang Seng led the Nikkei 225 lower. They fell 1.86% and 1.46% respectively.

INDIAN MARKETS
Name
         Change
   % Change
            Open
             High
           Low
Nifty 50
19.90
0.23
8581.50
8637.15
8555.20
Nifty Bank
102.05
0.53
19116.00
19330.85
19085.20
Nifty Metal
33.45
1.33
2467.00
2530.65
2466.85
Nifty Pharma
28.80
0.25
11438.50
11489.00
11341.05
Nifty Realty
7.55
3.72
194.80
203.55
194.70







Name
         Change
   % Change
            Open
             High
           Low
Nifty 50
19.90
0.23
8581.50
8637.15
8555.20
Nifty Bank
102.05
0.53
19116.00
19330.85
19085.20
Nifty Metal
33.45
1.33
2467.00
2530.65
2466.85
Nifty Pharma
28.80
0.25
11438.50
11489.00
11341.05
Nifty Realty
7.55
3.72
194.80
203.55
194.70







TOP GAINER vs TOP LOSER


TOP GAINER
Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
AUROPHARMA
825.25
855.45
+3.66
BANK OF BARODA
161.90
167.40
+3.40
GAIL
363.45
374.65
+3.08
MAHI.&MAHI.
1364.44
1405.70
+3.03
GRASIM INDS.
4707.60
4836.55
+2.74


TOP LOSER
Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
CIPLA
602.85
580.05
-3.78
ITC LTD.
245.70
241.35
-1.77
TECH MAHINDRA
427.15
419.85
-1.71
BHARTI INFRA
371.35
365.30
-1.63
COAL INDIA
327.65
322.30
-1.63






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