NIFTY FUTURE | DERIVATIVE REPORT
 |
NIFTY FUTURE OUTLOOK
|
NIFTY FUTURE :
|
R1:8196
|
R2:8269
|
R3:8320
|
|
PIVOT :8145
|
S1:8072
|
S2:8021
|
S3:7948
|
Sensex and Nifty erased gains as RBI Monetary Policy Committee left
the repo rate unchanged at 6.25%. Industry was expecting at least 25 basis
point cut. Although Nifty dropped below 8100 points, Nifty was gaining back
some confidence. Sensex also gained back after a dip. The announcement of the
RBI Monetary Policy wherein the committee decided to keep the repo rate unchanged,
has impacted price sensitive sectors including Auto and Realty. Nifty dropped
41 points and closed at 8,102. The India VIX index was down 1.52% at 16.8450.
The BSE Midcap and Smallcap indices both indices ending marginally down. The
rupee was trading at 67.86 per US dollar. On the global front, most Asian
indices closed in green and marginally up. In Europe, the FTSE 100 was up
1.25%. CAC 40 and DAX was up 0.90% and 1.33% respectively while, the US Nasdaq
was also up 0.45%. European indices open on a positive note ahead of the ECB
policy primarily as traders expected the central bank to extend the duration of
its bond-buying programme. The ECB will commence its two-day policy meeting on
Thursday, with the policy statement to be detailed on Friday.
Nifty open up on Wednesday and
shown Range Bound trend over
the full trading hour’s. Nifty closed below
the 8200 today. 8130 -8100 is the
support of nifty if its break that level down side pressure will be seen. Nifty
may be taste the level of 7900-7950. Above 8200 new level of nifty would be
8300-8350.
NIFTY BANK FUTURE REPORT
NIFTY BANK FUTURE OUTLOOK
|
BANK NIFTY FUTURE :
|
R1:18610
|
R2:18960
|
R3:19275
|
|
PIVOT :18295
|
S1:17945
|
S2:17630
|
S3:17280
|
Nifty Bank index witnessed a
downtrend primarily due to the RBI announcement of withdrawal of incremental
Cash Reserve Ratio imposed on bank's deposits in late November to be withdrawn
from December 10. Kotak Bank, Federal Bank, IndusInd bank, HDFC Bank, ICICI
Bank, SBI, Canara Bank were all trading in red, while Yes Bank was the only
bank trading in green on Nifty bank index. Bank
nifty open up today and showing consolidation movement, till RBI policy come. No
change in repo rate influenced market
downward till 17980 first time after July 2016/. Bank nifty closed above 18200.
Bank nifty need to be maintain the level of 18200 , below 18200-18000 next
level would be 17800-17900. BANK OF BARODA (-2.96%) and AXIS BANK (-1.94%) is the top losers of the day.
Bank nifty Open Up at 18560.00, to its previous closing 18475.20 on
Wednesday and touched high of 18645.00. Today’s
bank nifty made a low of 17980 due to RBI Policy. Below 18000 next level
for bank nifty would be 17700-17900. Above 18200 further upside movement can be
seen.
USDINR
|
USDINR
:
|
R1:67.98
|
R2:68.20
|
R3:68.32
|
|
PIVOT : 67.86
|
S1:67.64
|
S2:67.52
|
S3:67.30
|
The Indian rupee
opened marginally higher at 67.84 per dollar on Wednesday versus previous close
67.90. The rupee gained considerably against the USD yesterday on account of
dollar selling by exporters and custodial banks. A deeper than expected rate
cut may take the rupee lower today. In case the RBI policy meets street
expectations, the rupee will trade in a range of 67.75-68.15/dollar The euro
held slightly below three week highs against the US dollar as investors waited
on tomorrow's highly anticipated European Central Bank meeting. The dollar
index rises after dropping to its lowest levels since November 15.
ASIAN MARKETS
NAME
|
CHANGE
|
% CHANGE
|
NIKKEI 225
|
136.15
|
0.74
|
STRAITS TIMES
|
10.72
|
0.36
|
HANG SENG
|
125.77
|
0.55
|
TAIWAN WEIGHTED
|
13.12
|
0.14
|
Asian
markets finished higher today with shares in Japan leading the region. The
Nikkei 225 is up 0.74% while China's Shanghai Composite is up 0.71% and Hong
Kong's Hang Seng is up 0.55%.
INDIAN MARKETS
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
Nifty 50
|
-41.10
|
-0.51
|
8168.40
|
8190.45
|
8077.50
|
Nifty Bank
|
-186.75
|
-1.02
|
18515.50
|
18588.75
|
17952.60
|
Nifty Metal
|
5.20
|
0.19
|
2792.05
|
2802.35
|
2761.25
|
Nifty Pharma
|
-237.20
|
-2.19
|
11065.25
|
11068.55
|
10804.90
|
Nifty Realty
|
-2.00
|
-1.22
|
166.45
|
168.40
|
163.45
|
|
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
|
Sensex
|
-155.89
|
-0.59
|
26456.21
|
26540.83
|
26164.82
|
|
S&P BSE
Small Cap
|
-62.34
|
-0.52
|
12188.68
|
12224.25
|
12085.27
|
|
S&P BSE
Midcap
|
-19.80
|
-0.16
|
12366.73
|
12404.40
|
12258.77
|
|
|
|
|
|
|
|
TOP GAINER vs TOP LOSER
TOP GAINER
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
EICHER MOTORS
|
22457.50
|
23382.00
|
+4.12
|
BHARAT PETRO.
|
612.95
|
632.15
|
+3.13
|
ADANIPORTS
|
271.90
|
277.40
|
+2.02
|
HDFC
|
1243.40
|
1264.95
|
+1.73
|
IDEA
|
74.40
|
75.45
|
+1.41
|
TOP LOSER
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
SUN PHARMA
|
706.15
|
664.00
|
-5.97
|
|
BANK BARODA
|
162.30
|
157.50
|
-2.96
|
|
TECH MAHINDRA
|
465.45
|
455.60
|
-2.12
|
|
AXIS BANK
|
455.95
|
447.10
|
-1.94
|
|
TATA STEEL
|
418.45
|
411.90
|
-1.57
|
|
|
|
|
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