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

SENSEX OPENS 100 PTS LOWER ON CAUTION AHEAD OF RBI MEET OUTCOME | TODAY STOCK MARKET NEWS UPDATE 06 APRIL 2017.

SHARE MARKET OUTLOOK

Equity benchmarks opened lower on Thursday, with the Sensex falling more than 100 points on profit booking as investors maintained cautious stance ahead of outcome of RBI Monetary Policy Committee meet later today. Weak global cues also weighed.

The 30-share BSE Sensex was down 117.91 points at 29,856.33 and the 50-share NSE Nifty fell 36.60 points to 9,228.55.

HDFC, Reliance Industries, ICICI Bank and L&T dragged the market while Tata Motors and Bajaj Auto were gainers.

The Indian rupee declined in early trade. It has opened lower by 18 paise at 65.05 per dollar versus 64.87 Wednesday.

Mohan Shenoi of Kotak Mahindra Bank said, "The dollar has been in a tight range against majors in the absence of any significant triggers. The FOMC minutes released yesterday were in-line with market expectation of a spaced out rate hikes during the year."

"Rupee has rallied strongly on the back of custodial selling. We expect the USD-INR pair to trade in a range of 64.85-65.15/dollar for the day," he added.

Asian markets fell, tracking losses on Wall Street after the Federal Reserve released its March Federal Open Market Committee (FOMC) minutes which was viewed as hawkish.

SENSEX,NIFTY HOLD GAINS; MIDCAP INDEX HITS RECORD HIGH | TODAY DERIVATIVE REPORT UPDATE 28 MARCH 2017.

DERIVATIVE REPORT OUTLOOK

NIFTY FUTURE REPORT

NIFTY FUTURE :	R1:9107	R2:9147	R3:9183
PIVOT : 9071	S1:9031	S2:8995	S3:8955

The Nifty started the expiry week on a dismal note with selling clearly visible in heavyweights. However, writing activity in 9000 strike Put continued indicating major support. Nifty futures settled at a premium of 23 points. India VIX rose 3.8% and ended at 12.4.The highest Put base is at the 8800 strike with 53 lakh shares while the highest Call base is at the 9200 strike with 70 lakh shares. The 9000 and 9100 Call strikes saw additions of 4.1 and 15.0 lakh shares respectively, while 9000 and 8900 Put strikes saw additions of 3.6 and 2.1 lakh shares, respectively.

The Nifty has respected the doji pattern which was formed on friday and witnessed a rebound from 9110 zone. We believe 9250 will remain a crucial overhead hurdle for the index as it is the confluence of upper band of rising channel in place since February 2017 and the 123.6% reciprocal retracement of the entire decline from September to December 2016 decline placed around at 9225 region If Nifty is unable to sustain above 9010 then level on downside is between the 8970-8899, 9010 is the next support for Nifty future.

BANK NIFTY FUTURE OUTLOOK

BANK NIFTY FUTURE REPORT

BANK  NIFTY FUTURE :	R1:21187	R2:21272	R3:21369
PIVOT : 21089	S1:21004	S2:20906	S3:20821

Bank of Baroda and Indusind bank are among the top gainer of the day. Despite the Nifty correcting  65 points, Nifty Bank index continued outperforming on the back of short covering. Looking at the open interest, the upswingin PSU and midcap banks is likely to continue with a strong support near 20900.

Bank nifty open at 21000 to its previous closing at 21140 on Friday. Major support of bank nifty seen at 20900 which is supported in last trading day. Below 20900 short term bearish trend might be follow by bank nifty. Trader  can keep eye on its resistance. Closing above 21220 may open scope for new high in bank nifty.

USDINR

USDINR :	R1:65.5092	R2:65.6058	R3:65.6717
PIVOT : 65.4433	S1:65.3467	S2:65.2808	S3:65.1842

The Indian Rupee appreciate against the Dollar, as greenback demand from crude oil and other importers outweighed early gains triggered by strong local shares. The Rupee settled at 65.4050 from 65.5650 at previous close. It rose to day’s high of 65.54, before falling to 65.3775. RBI said that India’s current account deficit in October-December widened to $7.9 billion, or 1.4% of GDP, in the 3rd quarter of this fiscal that ends Mar. Resistance is at 65.62 and support is at 65.425 mark.

ASIAN MARKET

NAME	CHANGE	% CHANGE
NIKKEI 225	276.94	1.46
STRAITS TIMES	16.02	0.51
HANG SENG	164.57	0.68
TAIWAN WEIGHTED	26.21	0.27

Asian markets traded negative on Monday. China's Shanghai composite fell 0.08 percent or 2.63 points to close at 3,266.82 Hong Kong’s Hang Seng was negative by 164.57 points.

INDIAN MARKETS

INDEX	PREV CLOSE	OPEN	HIGH	LOW	CLOSE	GAIN/LOSS
Nifty 50	9108	9093.45	9094.85	9024.65	9045.2	-62.8
Nifty IT	10768.95	10735.5	10787.2	10630.85	10648.5	-120.45
Nifty Bank	21122.55	21178.1	21179.2	20979.55	21056.9	-65.65
Nifty Pharma	10556.35	10526.5	10543.7	10427.55	10441.9	-114.45
India VIX	11.9775	11.9775	12.57	11.3375	12.435	0.4575

TOP GAINER vs TOP LOSER

TOP GAINER

Company	LTP(Rs.)	% Change
BANKBARODA	171.90	+1.69
INFRATEL	315.25	+1.56
INDUSINDBANK	1405	+1.11
POWERGRID	195.80	+1.06
HDFC	1477	+0.98

TOP LOSER

Company	LTP(Rs.)	% Change
IDEA	1059.85	-3.63
TATASTEEL	472.35	-3.51
HINDALCO	516.60	-3.44
RELIANCE	2428	-2.97
HCLTECH	229.70	-2.45