23/11/2016

NIFTY STRUGGLES BELOW 8000 AHEAD OF F&O EXPIRY | TODAY DERIVATIVE REPORT 24 NOV 2016.

NIFTY REPORT | DERIVATIVE REPORT


NIFTY OUTLOOK

NIFTY FUTURE :
R1:8064
R2:8104
R3:8150
PIVOT :8018
S1:7978
S2:7932
S3:7892



The Indian stock market closed in the positive zone for the second consecutive session on Wednesday , Supported by positive Asian and European markets. Investors still expected sentiment to remain weak given continued worries about the economic impact from Narendra Modi’s action, with volatility expected ahead of the monthly expiry of derivative contracts on Thursday. Nifty ended the day at 8,033, up 31 points. A total of 6 stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE. Out of 1,883 stocks traded on the NSE, 371 declined, 1243 advanced and 269 remained unchanged today.
The BSE Mid-cap Index is trading up 1.22% at 12043, whereas BSE Small-cap Index is trading up 1.51% at 11802. The India VIX was down 1.50% at 18.1875. The Rupee was trading lower at Rs. 68.50/$. Asian markets, Hong Kong’s Hang Seng and Shanghai Composite Index were marginally down, while Japan’s Nikkei was marginally up.

Nifty open  up on Wednesday  and  shown choppy movement over the full trading hour’s .nifty trade near 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 :
R1:18630
R2:18729
R3:18809
PIVOT :18550
S1:18451
S2:18371
S3:18272



Bank nifty open up  today and showing consolidation 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.  HDFC BANK (-1.11%) and BANK OF BARODA  (-0.67%) is the top losers  of the day.

Bank nifty Open Up  at 18649.90, to its previous closing 18572.15 on Wednesday and touched high of 18650.00. bank nifty break the support of 19000, and made a low of 18471.00. 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 :
R1:68.67
R2:68.77
R3:68.95
PIVOT : 68.49
S1:68.39
S2:68.21
S3:68.11



The Indian rupee has touched 8-month low in early trade. It has opened at 68.36 against the US dollar, down 11 paise compared with previous settlement at 68.25 a dollar. a stronger Dollar index will continue to put pressure on the rupee for the day, as it is trading above the 101 mark. The dollar resumed its uptrend helped by a surge in US existing home sales last month that further cemented expectations not only of a Federal Reserve interest rate hike in December, but also of further tightening next year.


ASIAN MARKETS

NAME
CHANGE
% CHANGE
NIKKEI 225
56.92
0.31
STRAITS TIMES
17.49
0.62
HANG SENG
-1.38
-0.01
TAIWAN WEIGHTED
44.84
0.49






Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.31%, while China's Shanghai Composite was off 0.22%. Shares in Hong Kong were unchanged with the Hang Seng at 22,676.69.

INDIAN MARKETS

Name
         Change
   % Change
            Open
       High
           Low
Nifty 50
           31.00
0.39
8051.20
8055.20
7973.10
Nifty Bank
-7.75
-0.04
18660.55
18669.05
18449.70
Nifty Metal
66.80
2.49
2640.05
2683.90
2627.65
Nifty Pharma
240.35
2.20
10752.80
10962.60
10706.00
Nifty Realty
4.65
2.85
159.85
163.70
158.15







Name
      Change
    % Change
           Open
       High
      Low
Sensex
91.03
0.35
26101.33
26130.49
25877.16
S&P BSE
Small Cap
178.75
1.51

11667.30
11816.18
11637.26
S&P BSE
Midcap
144.93
1.20
11956.84
12059.44
11897.89
















TOP GAINER vs TOP LOSER

TOP GAINER
Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
LUPIN
1412.85
1486.90
+5.24
HINDALCO
166.55
173.70
+4.29
TATA STEEL
378.05
392.70
+3.88
ASIAN PAINTS
907.75
942.05
+3.78
NTPC
154.10
159.86
+3.73


TOP LOSER
Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
MAHI.&MAHI.
1219.10
1191.80
-2.24
HDFC
1249.70
1226.90
-1.82
POWER GRID
183.75
181.65
-1.14
BHARTI AIRTEL
303.95
300.55
-1.12
HDFC BANK
1198.05
1184.75
-1.11





















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