NIFTY EYES 8350, SENSEX UP 150 PTS | TODAY NIFTY REPORT UPDATE 11 JANUARY 2017.

DERIVATIVE REPORT | NIFTY REPORT UPDATE

NIFTY FUTURE REPORT

NIFTY FUTURE :	R1:8308	R2:8322	R3:8347
PIVOT :8284	S1:8269	S2:8245	S3:8230

Indian benchmark indices snapped two days losing streak and closed at two months high. Post the sideways movement till the afternoon session Indian markets broke out in the concluding half an hour where Nifty and Sensex closed 0.65% up at 8289 and 26900 levels respectively. Broader markets maintained outperformance where midcap and small cap indices closed 0.8% and 0.7% higher. Market bias remained positive with 1662 advances and 1151 declines. BSE Metal and BSE Industrials were the top performers with the indices gaining by 1.42% and 1.57%.PSU Bank Index gained impressively even as all sectoral indices close in green indicating a broad-based rally in markets today BSE consumer durables and BSE Auto were the other sectoral index that gained more than 1% on Tuesday. Nifty traded near 8294 levels and closed just below the crucial level at 8289. Nifty has managed to close above its 200 days EMA at 8242. Going forward the immediate resistance at 8298-8300 levels remain intact which is also its 100 days EMA level. On the downside 8260 followed by 8228 will act as the immediate supports for now.

Today, Nifty open Gap up at 8274.80 to its previous closing at 8249.90 .Nifty continued its consolidation movement and then settle down with a consolidated movement. On daily chart, nifty can touch the level of 8350-8400.Whereas, if nifty unable to sustain above 8150 then further selling pressure can be seen. Next support for nifty is lying at 7900.Nifty can be range bound between 7900-8200.

NIFTY BANK FUTURE REPORT

NIFTY BANK FUTURE OUTLOOK

BANK  NIFTY FUTURE :	R1:18486	R2:18541	R3:18625
PIVOT :18402	S1:18346	S2:18263	S3:18207

Bank nifty open gap up  today and  followed the range bound movement over the full trading hour’s  Its closed above the 18400, above that level new level for bank nifty would be 18600-18800 come soon. HDFC BANK and YES BANK is the gainers of the day +1.72 and +1.14 Respectively.

Bank nifty open gap up at 18380.00 to its previous closing at 18329.45 on Tuesday. Major support of bank nifty seen at 17600 on daily time frame. Its closed above 18400 on Tuesday session. Bank nifty may be touch the new high at the level of 18600-18800 soon. Above 18200 bullish trend might be follow by bank nifty, trader  can keep eye on its support & consolidation phase between the 18100-18175. Below that support short position might be seen. up side target would be 18600 to 18800 with sl of 18100.

USDINR

USDINR :	R1:68.39	R2:68.47	R3:68.60
PIVOT : 68.26	S1:68.18	S2:68.05	S3:67.97

The Indian rupee has opened higher by 13 paise at 68.08 per dollar on Tuesday against previous close 68.21. Dollar Index has been taking a beating after recent highs. US dollar weakened against the safe-haven yen as investors' reduced appetite for risk The pound declined to more than two-month lows on talk that Britain would drastically rework trade ties with the European Union after Brexit

ASIAN MARKETS

NAME	CHANGE	% CHANGE
NIKKEI 225	-66.36	-0.34
STRAITS TIMES	24.48	0.81
HANG SENG	186.16	0.82
TAIWAN WEIGHTED	7.22	0.8

Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.83%, while the Nikkei 225 led the Shanghai Composite lower. They fell 0.79% and 0.30% respectively.

INDIAN MARKETS

Name	Change	% Change	Open	High	Low
Nifty 50	52.55	0.63	8262.70	8293.80	8261.00
Nifty Bank	122.95	0.67	18351.45	18441.15	18275.75
Nifty Metal	40.10	1.42	2799.90	2838.40	2797.00
Nifty Pharma	43.25	0.42	10355.45	10380.30	10321.55
Nifty Realty	-0.50	-0.28	179.70	180.70	178.30

Name	Change	% Change	Open	High	Low
Sensex	173.01	0.64	26811.63	26914.95	26804.17
S&P BSE Small Cap	52.56	0.61	8522.53	8552.25	8520.65
S&P BSE Midcap	87.64	0.70	12519.91	12588.47	12519.91

TOP GAINER vs TOP LOSER

TOP GAINER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
HINDALCO	158.00	165.05	+4.46
TATA MOTORS	500.15	517.90	+3.55
ADANIPORTS	284.70	293.90	+3.23
TATAMTRDVR	317.70	327.00	+2.93
TATA STEEL	422.00	431.90	+2.35

TOP LOSER

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
AXIS BANK	452.75	447.80	-1.09
GRASIM	858.60	850.45	-0.95
ACC	1327.85	1317.30	-0.79
DRREDDY	3060.20	3042.00	-0.59
CIPLA	576.70	573.70	-0.52