07/11/2016

TODAY NIFTY TIPS REPORT LEVEL (SUPPORT & RESISTANCE ) UPDATE 08 NOV 2016.

NIFTY REPORT | DERIVATIVE REPORT 


NIFTY  OUTLOOK

The Indian equity market ended higher on Monday snapping a five day losing streak. After gap up start, Nifty remained in a narrow range for most part of the session; however, profit taking in final hour trimmed the intraday gains. The midcap closed 0.59% higher and smallcap soared 1.19%. Trading sentiments remained on optimistic note with the report that Foreign Direct Investment in India increased by 30% at $21.62 billion during the April-September period of the current fiscal as against $16.63 billion in the same period last fiscal. Nifty closed with a gain of 63 points at 8,497. The NSE Nifty opened at 8,536 hitting a high of 8,535.85 and low of 8,481.
The India VIX (Volatility) index was down 2.01% at 14.5075.  The BSE Midcap and Smallcap indices closed lower. The rupee was trading down five paise at 66.74 per US dollar.

Nifty open gap up on Monday  and  shown choppy movement over the full trading hour’s .nifty trade in the range of 8400-8500. Nifty next support would be 8380-8350. Nifty break its most important level of 8500, below that level market will be remain negative. In nifty future above the range of 8550-8630 ,trend will be change, toward  positive trend.

NIFTY FUTURE :
R1:8552
R2:8584
R3:8608
PIVOT :8527
S1:8495
S2:8471
S3:8439




NIFTY BANK REPORT


NIFTY BANK OUTLOOK

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.  BANK OF BARODA (+3.86%) and SBI BANK  (+4.06%) is the top gainers  of the day.

Bank nifty Open gap up  at 19400.00, to its previous closing 19131.95 on Monday and touched high of 19435.80. 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 19800-20000.

BANK  NIFTY FUTURE :
R1:19458
R2:19522
R3:19608
PIVOT :19372
S1:19308
S2:19222
S3:19158



USDINR

The Indian rupee opened marginally lower by 4 paise at 66.74 per dollar on Monday versus 66.70 Friday. Weak US economic data and dollar index will help rupee gain today. The rupee is likely to head towards 66.50/dollar levels and the trading range for the day is likely to be between 66.50-66.80/dollar. The US dollar slipped against the safe-haven Swiss Franc on Friday on nervousness ahead of US presidential election, despite a solid US jobs report that supported expectations for a Federal Reserve rate hike next month. 

USDINR :
R1:66.98
R2:67.02
R3:67.08
PIVOT : 66.92
S1:66.88
S2:66.82
S3:66.78



ASIAN MARKETS

NAME
CHANGE
% CHANGE
NIKKEI 225
271.85
1.58
STRAITS TIMES
12.15
0.43
HANG SENG
158.78
0.70
TAIWAN WEIGHTED
121.69
1.32






Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.26%, while the Nikkei 225 led the Hang Seng lower. They fell 1.42% and 0.58% respectively.

INDIAN MARKETS

Name
      Change
    % Change
           Open
          High
            Low
Sensex
184.84
0.67
27552.27
27591.15
27398.72
S&P BSE
Small Cap
153.00
1.17

12954.48
13104.24
12954.48
S&P BSE
Midcap
75.36
0.58
12908.72
13049.01
12893.63














Name
         Change
   % Change
            Open
             High
           Low
Nifty 50
63.30
0.74
8535.75
8535.85
8481.45
Nifty Bank
297.90
1.54
19317.85
19378.00
19233.00
Nifty Metal
53.55
1.96
2714.65
2743.30
2704.40
Nifty Pharma
212.75
1.97
10923.00
10951.95
10784.25
Nifty Realty
3.20
1.61
198.25
199.95
197.90








TOP GAINERS vs TOP LOSER

TOP GAINER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
LUPIN
1420.90
1518.60
+6.88
HINDALCO
158.85
167.60
+5.51
AUROPHARMA
728.10
767.30
+5.38
SBI
242.85
252.70
+4.06
BANK OF BARODA
142.55
148.05
+3.86


TOP LOSER

Company
Prev. Close(Rs.)
Current Price(Rs.)
% Change
BHARTI INFRA
364.05
355.40
-2.38
TATA CONSULT.
2330.55
2277.05
-2.30
L&T
1419.80
1398.00
-1.54
HUL
848
837.65
-1.22
TATA MOTORS
512.30
506.35
-1.16












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