21/11/2016

NIFTY SLIPS BELOW 8000 AGAIN , SENSEX ERASES EARLY GAINS | TODAY NIFTY OUTLOOK UPDATE 22 NOV 2016.

NIFTY  FUTURE | DERIVATIVE REPORT 


NIFTY OUTLOOK

NIFTY FUTURE :
R1:8058
R2:8177
R3:8246
PIVOT :7989
S1:7870
S2:7801
S3:7682



The bloodbath continues for Indian equity benchmarks where frontline gauges shaved off two and a half percent, breaching their crucial levels. The BSE Sensex fell below the psychologically important 26,000-level while Nifty crashed below the key 8,000-mark. The Nifty Index dropped below the 8000-mark for the very first time since June 24, when global equities had sold off on the surprise .In addition, till November 17, FII trading activities indicated a pull out of Rs 8974 crore from the market which almost doubled as compared to overall October FII trading activity of Rs 4,990 crore. Following the Demonetization of the Rs 500 and Rs 1,000 notes, the Reserve Bank of India has provided a 60-day repayment relief to small borrowers. In this downturn, some sectors worth buying would be Capital Goods, Banking, Oil & Gas, Pharma while sectors that can be avoided are Auto and Realty. The INDIA VIX is up 7.25% at 19.0975. Indian Rupee was trading at 68.15/$ trailing by 2 paise. In the Asian markets, Nikkei 225 and Shanghai Composite closed 1% up whereas Hang Seng closed marginally up, while European markets are trading flat.

Nifty open flat on Monday  and  shown bearish movement over the full trading hour’s .nifty trade below the level of 8000 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 7850.


NIFTY BANK REPORT


NIFTY BANK OUTLOOK

BANK  NIFTY FUTURE :
R1:18931
R2:19391
R3:19686
PIVOT :18636
S1:18175
S2:17880
S3:17420



Bank nifty open Flat  today and showing Bearish movement over the full market hour’s.  Bank nifty  on technical chart break the  support of 19000, below that level next level for bank nifty would be 18200-18400. Above the level of 19300 upside movement can be seen.  BANK OF BARODA(-8.96%) and SBI BANK  (-6.69%) is the top losers  of the day.

Bank nifty Open Flat  at 19085.00, to its previous closing 18993.25 on Monday and touched high of 19096.35. bank nifty break the support of 19000, and made a low of 18470.85. if bank nifty not sustain at that level ,next level of bank nifty would be 18000-18200.On the other hand above 19300 ,new level for Bank nifty would be 19600-19800.


USDINR

USDINR :
R1:68.29
R2:68.41
R3:68.52
PIVOT : 68.18
S1:68.06
S2:67.95
S3:67.83



The Indian rupee has opened flat at 68.10 per dollar on Monday versus 68.12 Friday. In anticipation of a interest rate hike, dollar will continue to trade with positive bias, putting pressure on rupee. The dollar rose to its highest level since April 2003 against a basket of currencies on Friday and was on track for its largest two-week increase since March 2015, as traders piled bets on a massive dose of fiscal stimulus under a Donald Trump US presidency. Also stoking the dollar rally were growing expectations the Federal Reserve would raise interest rates next month on signs of rising inflation and improved economic growth.


ASIAN MARKETS

NAME
CHANGE
% CHANGE
NIKKEI 225
138.61
0.77
STRAITS TIMES
-21.98
-0.78
HANG SENG
13.57
0.06
TAIWAN WEIGHTED
32.32
0.36







Asian markets finished higher today with shares in China leading the region. The Shanghai Composite is up 0.79% while Japan's Nikkei 225 is up 0.77% and Hong Kong's Hang Seng is up 0.06%.

INDIAN MARKETS

Name
         Change
   % Change
            Open
             High
           Low
Nifty 50
              -145.00
-1.83
8102.10
8102.45
             7916.40
Nifty Bank
-512.65
-2.78
19063.80
19075.95
18351.25
Nifty Metal
-89.80
-3.54
2633.20
2659.45
2532.10
Nifty Pharma
-109.35
-1.03
10785.90
10795.55
10586.15
Nifty Realty
-8.45
-5.49
162.85
163.30
153.20







Name
      Change
    % Change
           Open
          High
            Low
Sensex
-385.10
-1.49
26246.70
26270.28
25717.93
S&P BSE
Small Cap
-375.13
-3.26

11899.69
11911.92
11487.39
S&P BSE
Midcap
-338.10
-2.88
12098.14
12116.55
11718.03














TOP GAINER vs TOP LOSER

TOP GAINER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
BHARTI INFRATEL
351.90
359.65
+2.20
WIPRO
437.15
441.80
+1.06
TECH MAHINDRA
445.30
447.15
+0.42
RELIANCE INDS.
987.50
991.50
+0.41
TATA CONSUL.
2125.10
2132.90
+0.37

TOP LOSER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
BANK BARODA
176.95
161.10
-8.96
SBI
275.80
257.35
-6.69
EICHER MOTORS
21792.30
20361.60
-6.57
YES BANK
1180.75
1112.50
-5.78
HINDALCO
165.35
157.35
-4.84











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