16/11/2016

NIFTY BREAKS 8100 AMID CONSOLIDATION | TODAY NIFTY MARKET REPORT UPDATE 17 NOV 2016.

NIFTY REPORT | DERIVATIVE REPORT


NIFTY OUTLOOK

NIFTY FUTURE :
R1:8197
R2:8276
R3:8327
PIVOT :8146
S1:8067
S2:8016
S3:7937



The Indian stock market see-sawed between the negative and positive zone throughout the day and ended lower on Wednesday. The domestic market slid for a third straight day as investors continued to assess the impact of the Prime Minister's move to ban high denomination banknotes. Today’s decline was led by the consumer durables, metal, pharma, oil and gas, realty and capital goods stocks, while IT, consumer discretionary, auto and technology were among the gainers. Nifty closed with a gain of mere three points at 8,112. The NSE Nifty opened at 8,584 hitting a high of 8,622 and low of 8,544. Investors will be keeping an eye on the Parliament winter session which began today. The Centre has lined up three key GST Bills for approval to roll out the new tax from April 1 next year even as the demonetization move threatens to swamp the winter session of Parliament. The India VIX (Volatility) index was down 3.18% at 19.5025. Out of 1,431 stocks traded on the NSE, 809 declined and 574 advanced today. The BSE Midcap and Smallcap indices ended up. The rupee was trading down 10 paise at 67.84 per US dollar.

Nifty open gap up on Wednesday  and  shown Range bound  movement over the full trading hour’s .nifty trade near the level of 8100 today .above the level of 8550 bull trend will be seen in nifty future. Down side targets for nifty would be 7900-8000. next support level of nifty would be 7970.


BANK NIFTY REPORT



NIFTY BANK OUTLOOK

BANK  NIFTY FUTURE :
R1:19486
R2:19832
R3:20015
PIVOT :19303
S1:18958
S2:18775
S3:18430



Bank nifty open gap 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. KOTAK MAHINDRA BANK (-2.41%) and AXIS BANK  (-1.38%) is the top losers  of the day.

Bank nifty Open gap up  at 19550.00, to its previous closing 19359.45 on Wednesday and touched high of 19649.00. 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 19600 ,new level for Bank nifty would be 20000-20500.


USDINR

USDINR :
R1:68.21
R2:68.35
R3:68.63
PIVOT : 67.93
S1:67.79
S2:67.51
S3:67.37



The Indian rupee opened marginally higher at 67.68 per dollar on Wednesday versus previous close 67.74. The rupee fell to a 4-month low on expectations that Trump's policies may boost inflation in the US and lead to higher interest rates. It is expected to take cues from the equity market and also take support from balance of trade published yesterday which was favourable. The dollar held near an 11-month high against a basket of currencies as some stability returned to the US bond market following a vicious sell-off, helped by unexpectedly strong data on US October retail sales.


ASIAN MARKETS

NAME
CHANGE
% CHANGE
NIKKEI 225
194.06
1.09
STRAITS TIMES
-3.56
-0.13
HANG SENG
-43.38
-0.19
TAIWAN WEIGHTED
31.19
0.35






Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 1.10%, while the Hang Seng led the Shanghai Composite lower. They fell 0.19% and 0.06% respectively.

INDIAN MARKETS

Name
         Change
   % Change
            Open
             High
           Low
Nifty 50
                 3.15
0.04
8205.65
8210.05
8089.40
Nifty Bank
-181.65
-0.95
19591.25
19611.90
19088.40
Nifty Metal
-22.45
-0.85
2715.30
2718.75
2621.30
Nifty Pharma
-188.65
-1.79
10882.95
10907.25
10522.20
Nifty Realty
-1.60
-1.01
162.10
163.75
157.60







Name
      Change
    % Change
           Open
          High
            Low
Sensex
-5.94
-0.02
26508.94
26621.40
26239.21
S&P BSE
Small Cap
6.10
0.05

11982.52
12120.24
11822.69
S&P BSE
Midcap
67.45
0.56
12036.20
12197.60
11938.38















TOP GAINER vs TOP LOSER

TOP GAINER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
ASIAN PAINTS
890.80
935.70
+5.04
ZEEL
453.50
475.30
+4.81
EICHER MOTORS
20281.15
21116.70
+4.12
TATA CONSUL.
2121.30
2189.60
+3.22
MARUTI
4846.60
4990.80
+2.98


TOP LOSER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
AMBUJA CEMENTS
208.55
202.25
-3.02
DR.REDDY’S LABS
3310.70
3210.95
-3.01
HINDALCO
167.75
162.80
-2.95
ITC LTD.
237.50
230.90
-2.78
AUROPHARMA
733.90
714.25
-2.68







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