DERIVATIVE REPORT | NIFTY FUTURE REPORT
NIFTY FUTURE OUTLOOK
NIFTY FUTURE OUTLOOK
|
NIFTY FUTURE :
|
R1:8946
|
R2:8969
|
R3:9006
|
|
PIVOT :8909.5
|
S1:8886
|
S2:8849
|
S3:8825
|
Equity
benchmarks opened gap-down to end on a flat note on Friday amid profit booking
at 52 week highs while subdued global cues on expectations of a US interest
rate hike in March also weighed on sentiments. The Sensex settled at 28832,
down just 7 points while the Nifty shut shop at 8897, down just 2 points.The
broader markets outperformed frontier indices as the BSE midcap and small cap
indices rose 0.23% and 0.34%, respectively. The overall market breadth was
marginally tilted in favour of declines with an A/D ration of 1:1.04 on the
BSE.
The Nifty took support precisely near the lower boundary of the narrow
rising channel, which encompasses the entire up move since December 2016
bottom. The market has turned volatile owing to profit booking at the 52 week
high and as we are approaching the key eventful weeks ahead with crucial state
assemble election results and the US FOMC meet scheduled next week that will
influence the market direction going forward. We expect volatility to flare up
in the coming week while the index may witness an extended round of
consolidation between the broad range of 8800 to 9000 levels amid stock
specific action.
NIFTY BANK FUTURE REPORT
NIFTY BANK FUTURE OUTLOOK
|
BANK NIFTY FUTURE :
|
R1:20634
|
R2:18055
|
R3:18122
|
|
PIVOT :20564
|
S1:20509
|
S2:20690
|
S3:20760
|
Bank
nifty open Gap down today but closed on
positive note. Bank nifty closed above its support level of 20500. Below 20450
next level would be 20300-20100. Bank nifty have major support of 20500 on
daily time frame.
USDINR
|
USDINR
:
|
R1:66.8571
|
R2:669416
|
R3:67.0011
|
|
PIVOT : 66.7976
|
S1:66.7131
|
S2:66.6536
|
S3:66.5691
|
The Indian
rupee fell against the dollar, as foreign banks sold the U.S. currency,
allaying concerns about foreign fund outflows. However, further gains in the
rupee were limited by an apparent intervention by the central bank.The dollar
strengthened against major rivals on Thursday sending the U.S. dollar
index to two-month high, as yet another Federal Reserve official appeared to
back a buck-boosting interest-rate hike sooner rather than later.The case at
the Federal Reserve for an interest rate increase in March has gained support
and will be on the table when policymakers meet later this month.
ASIAN MARKET
ASIAN MARKET
|
NAME
|
CHANGE
|
% CHANGE
|
|
NIKKEI 225
|
-95.63
|
-0.49
|
|
STRAITS TIMES
|
-14.14
|
-0.45
|
|
HANG SENG
|
-175.35
|
-0.74
|
|
TAIWAN WEIGHTED
|
-43.59
|
-0.45
|
Asian markets finished lower on Friday with shares in China leading the
region. The Shanghai Composite is down 0.34% while Hong Kong's Hang Seng is off
0.74% and Japan's Nikkei 225 is lower by 0.49%.
TOP GAINER VS TOP LOSER
TOP GAINER
Company
|
Prev.
Close(Rs.)
|
LTP(Rs.)
|
% Change
|
INFRATEL
|
289.850
|
307.60
|
+6.14
|
HINDALOC
|
189.45
|
198.85
|
+4.96
|
GAIL
|
501.60
|
519.30
|
+3.53
|
GRASIM
|
991.10
|
1021.55
|
+2.66
|
RELIANCE
|
1236.75
|
1258.60
|
+1.77
|
TOP LOSER
Company
|
Prev.
Close(Rs.)
|
LTP(Rs.)
|
% Change
|
BOSCHLTD
|
20608.25
|
21130
|
-2.21
|
HDFC
|
1399
|
1370.50
|
-2.04
|
AMBUJACEM
|
228.60
|
225.05
|
-1.55
|
ASIANPAINT
|
1028.75
|
1015
|
-1.34
|
EICHERMOT
|
23488.95
|
23.168
|
-1.20
|
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