SENSEX EXTENDS LOSSES,NIFTY BREAKS 9200 ON WEAK GLOBAL CUES | TODAY DERIVATIVE REPORT UPDATE 12 APRIL 2017.

DERIVATIVE  MARKET REPORT

NIFTY FUTURE OUTLOOK

NIFTY FUTURE :	R1:9295	R2:9324	R3:9377
PIVOT : 9241	S1:9213	S2:9159	S3:9130

The Nifty opened on a flat note on the back of mixed global cues but manage to capitalise on the same. The index then gradually moving upward after taking support at 9180 as the session progressed. In the coming session, it would be crucial for the Nifty to hold the gap area (9250) and strengthen above the previous session’s high of 9225 to open up any positive options. Failure to do so, will lead to continuance of the profit booking trend.

The Nifty has taken a support at trendline which was placed near 9185 zone signalled a strength for uptrend and key overhead hurdle placed around 9250 region. The Nifty has given proper follow up after respected the trendline last week which was placed at 9020 and witnessed a rebound from there. We believe 9250 will remain a crucial overhead hurdle for the index .If Nifty is unable to sustain above 9180 then level on upside is between the 9270-9300. 9180-9170 is the next resistance zone for Nifty future.

NIFTY BANK FUTURE REPORT

NIFTY BANK FUTURE 

BANK  NIFTY FUTURE :	R1:21859	R2:21964	R3:22145
PIVOT : 21679	S1:21574	S2:21393	S3:21288

ICICI Bank and Bank of Baroda are among the top gainer of the day. Nifty Bank index continued outperforming on the back of short covering. Looking at the open interest, the upswing in PSU and midcap banks is likely to continue with a strong support near 21300.

Bank nifty open at 21498 to its previous closing at 21558 on Tuesday. Bank Nifty has faced resistance at trendline which is place at 21700. Bank Nifty need to sustain above 21300 to trade higher. 

USDINR

USDINR :	R1:65.1585	R2:65.2640	R3:65.3710
PIVOT : 65.0515	S1:64.9460	S2:64.8390	S3:64.7335

The Indian rupee was little changed against the dollar, as greenback purchases by state-run lenders likely on behalf of the central bank and importers offset gains arising from strong local shares. India is implementing the General Anti-Avoidance Rule, or GAAR, from the next financial year that starts Apr. 1. Investors have beenwary of the proposed legislation - first tabled in 2012-13 federal budget - that gives authorities the right to examine and tax transactions if they believe those deals were structured solely to evade tax payments. USDINR is expected to trade with negative bias in today’s session. Resistance is at 65.10 and support is at 64.80 mark.

ASIAN MARKET

NAME	CHANGE	% CHANGE
NIKKEI 225	-50.01	-0.27
STRAITS TIMES	-6.70	-0.21
HANG SENG	-173.72	-0.72
TAIWAN WEIGHTED	-50.12	-0.51

Asian markets traded positive on monday, following a flat to lower close on Wall Street, in a light regional data day. China's Shanghai composite fell 0.50 percent or 16.50 points to close at 3270 and the Hong Kong's Hang Seng was negative by 5.12 points.

INDIAN MARKET

INDEX	PREVIOUS	OPEN	HIGH	LOW	CLOSE	GAIN/LOSS
Nifty 50	9181.45	9184.55	9242.7	9172.85	9237	55.55
Nifty IT	10338.15	10341.55	10422.3	10332.45	10398.85	60.7
Nifty Bank	21520.15	21521.45	21753.35	21483.55	21736.15	216
Nifty Infra	3189.55	3188.5	3216.05	3179.15	3209.25	19.7
Nifty Pharma	10315.8	10340.85	10368.55	10321.4	10355.55	39.75
India VIX	11.62	11.62	11.8325	10.2375	11.395	-0.225

TOP GAINER vs TOP LOSER

TOP GAINER

Company	LTP(Rs.)	% Change
ITC	281.85	+3.03
ICICIBANK	283.50	+2.11
AMBUJACEM	250.00	+2.08
POWERGRID	199.20	+2.00
BANKBARODA	174.50	+1.99

TOP LOSER

Company	LTP(Rs.)	% Change
ADANIPORT	333.20	-5.38
ZEEL	539.05	-2.60
TATAPOWER	85.50	-1.78
CIPLA	580.00	-1.64
TATASTEEL	487.90	-1.50