21/03/2017

NIFTY SLIPS BELOW 9050, MIDCAP SINKS TOO | TODAY DERIVATIVE REPORT UPDATE 22 MARCH 2017.

DERIVATIVE REPORT UPDATE


NIFTY REPORT UPDATE

NIFTY FUTURE :
R1:9172
R2:9201
R3:9230
PIVOT :9142
S1:9113
S2:9084
S3:9055



The Nifty opened on a flat note on the back of mixed global cues and thereafter traded with a negative bias for a whole trading session in a narrow range between 9140 to 9116 levels before finally closing at 9126 levels. Sectorally, IT, telecom and oil & gas indices were  closed  0.50% to 1.4% neagtive, while consumer durable index outperformed by gaining 1%.Equity benchmarks snapped two day rising streak and settled lower on the first trading session of the week weighed by profit booking in key heavy weights after the indices surged to record highs
The Sensex shed 130 points or 0.44% to 29518 while the Nifty eased 33 points or 0.36% to settle at 9126. Broader markets outperformed the benchmarks as the BSE mid cap and small cap indices rose 0.17% and 0.30% respectively. The overall market breadth was marginally favouring the declines with A/D ratio of 1:1.06 on the BSE.

Last week Nifty breached the level of 9119 but unable to sustain above that level and then  selling pressure was seen for the second consecutive day  in the market. Support for nifty on daily time frame is at 9130-9120. If Nifty is unable to sustain above 9130-9120 then level on downside is between the 9070-9010, 9060 is the next support for Nifty future.

BANK NIFTY REPORT  OUTLOOK


BANK NIFTY FUTURE REPORT

BANK  NIFTY FUTURE :
R1:21189
R2:21289
R3:21365
PIVOT :21113
S1:21014
S2:20939
S3:20839



Bank Nifty started on a negative note and shown downside movement over the full trading hour’s. Its closed near 21100 , Below 21200 prices may slide towards 21000-20900 tomorrow. Axis bank is again the loser of the day amongst banking stocks.

Bank nifty open at 21153 to its previous closing at 21182 on Monday. Major support of bank nifty seen at 20900. Below 20900 short term bearish trend might be follow by bank nifty. Trader  can keep eye on its support & consolidation phase between the 20900-20850. Below that support level heavy selling pressure might be seen. 

USDINR

USDINR :
R1:65.4525
R2:65.5975
R3:65.6875
PIVOT : 65.3625
S1:65.2175
S2:65.1275
S3:64.9825



The Indian rupee rose to a fresh near-17-month high against the dollar, in line with most Asian currencies as the greenback stayed under pressure after the U.S. Federal Reserve maintained its stance of a gradual pace of future rate hikes last week..Earlier, the rupee resumed  at 65.4075 as against yesterday's closing level of 65.4350. Later, it strengthened sharply to 65.5075 before giving closing at 65.3075. USDINR is expected to trade sideways in today’s session. Resistance is at 65.60 and support is at 65.35 mark.

ASIAN MARKET

NAME
CHANGE
% CHANGE
NIKKEI 225
-65.71
-0.34
STRAITS TIMES
-7.13
-0.23
HANG SENG
91.13
0.37
TAIWAN WEIGHTED
59.52
0.60






Asian markets traded positive on Tuesday. China's Shanghai composite rose 0.35 percent or 11.39.07 points to close at 3,252.52 Hong Kong’s Hang Seng were positive buy 91.13 points.


INDIAN MARKETS

INDEX
PREV.CLOSE
   OPEN
    HIGH
    LOW
   CLOSE
GAIN/LOSS
Nifty 50
9126.85
9133.95
9147.75
9087.2
9121.5
-5.35
Nifty IT
10776.75
10769.1
10823.7
10751.3
10787.2
10.45
Nifty Bank
21110.25
21110.65
21146.5
20967
21019
-91.25
Nifty Pharma
10710.6
10669.65
10669.65
10425.15
10493.75
-216.85
India VIX
12.0175
12.0175
12.155
11.0325
11.9425
-0.075

TOP GAINER vs TOP  LOSER

TOP GAINER

Company
LTP(Rs.)
% Change
GRASIM
1093.60
+2.93
ITC
287.55
+2.00
ONGC
194
+1.65
HINDALCO
199.40
+1.63
AMBUJACEM
237.50
+1.41

TOP LOSER

Company
LTP(Rs.)
% Change
IDEA
92.85
-4.96
DRREDDY
2610
-4.55
AXISBANK
489
-2.75
AUROPHARMA
690
-2.10
TATAMTRDVR
283.80
-1.68




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