MULTIPLE SUPPORT FOR NIFTY PLACED AROUND 9250 | TODAY NIFTY TREND OUTLOOK 10 MAY 2017

NIFTY REPORT 

NIFTY SPOT :	R1:9334	R2:9352	R3:9365
PIVOT : 9321	S1:9303	S2:9289	S3:9272

CHART  INTERPRETATION

The Nifty took support near  the cluster of support placed around 9060-9070 region as it is the upper band of bullish gap area formed on March 14, 2017 post state election results (9060) and 80% retracement of the last rising segment placed around 9070. Going forward, we expect the index to trade with a positive bias and a decisive close above 9310 will add fuel to the ongoing momentum and open further upsides towards 9450 over the short term as it is the value of the trend line joining 2016 yearly high and March 2017 peak of 9218. Among oscillators, the 14 period RSI is exhibiting a negative divergence as it has formed lower high against higher high on price front. This may keep the index vulnerable to bouts of profit taking at higher levels

INDEX  OUTLOOK

Nifty Future: The Nifty is likely to open  flat to positive on the back of weak Asian cues. Its important to sustain above 9260 to move upwards. Buy  Nifty near 9270-9290 for targets of 9350,9400 stop loss: 9250

 Nifty Bank Future: Profit booking was seen after hiting new life time However, private sector banks like Axis and HDFC Bank have seen a long accumulation pattern. Looking at the build-up in 23000 strike, we feel the index is well placed to test highest Call base. Buy Nifty Bank in the range of 22600-22650, targets: 22750-22850, stop loss: 22500

SECTORAL INDICES

Key Indices – Levels to watch out for the day
INDEX (Spot)	RESISTANCE 2	RESISTANCE 1	LTP	SUPPORT 1	SUPPORT 2
SENSEX	30300	30125	29933.25	29775	29600
NIFTY	9430	9375	9316.85	9270	9220
NIFTYBANK	23030	22860	22707.30	22545	22400
NIFTYIT	10465	10360	10279.60	10160	10040

CORPORATE NEWS

• FMCG firm Godrej Consumer Products reported more than three-fold jump in consolidated net profit of Rs 390 cr for Q4FY17. In the corresponding quarter last year, company had an exceptional loss of Rs 189 cr resulting in lower profit of Rs 125 cr. Net Sales was up 12.5% to Rs 2,480 cr. The operating profit rose 20.8% at Rs 550.7 cr and EBITDA margin was at 23%. The company has declared a bonus issue of 1:1 and an interim dividend of Rs 12 per share.
• Dena Bank’s Q4FY17 standalone Net Interest Income came in at Rs 450 cr, a 28% YoY decline on lower interest income. Gross NPAs for the period recorded a 47% YoY jump to Rs 12,618 cr leading to a 632 bps worsening of asset quality. Gross NPA stood at 16.27% in Q4FY17, up from 14.79% in Q3FY17. Provisions increased by 7.9% YoY to Rs 972 cr. The net loss for the quarter widened to Rs 575 cr vs net loss of Rs 326 cr in Q4FY16.
• Another PSU lender, Syndicate Bank reported a net profit of Rs 103 cr for Q4FY17 compared to a loss of Rs 2,518 cr YoY, on the back of lower provisions and higher other income. Net interest income increased 27.3% to Rs 1,861 cr YoY. As a percentage of total loans, gross NPAs dropped to 8.5% at the end of the March quarter from 8.69% in Q3FY17 and 6.70% in Q4FY16.

SENSEX OPENS IN THE GREEN, NIFTY ABOVE 9300 | TODAY SHARE MARKET NEWS 08 MAY 2017.

SHARE MAREKT NEWS

Benchmark indices opened in the green, tracking positive global cues, with the Street seeing a quarter percent uptick.

The 30-share Sensex was up 79.41 points at 29938.21, while the Nifty was up 25.65 points at 9310.95. The market breadth was healthy as 733 shares advanced against a decline of 255 shares, while 40 shares were unchanged.

ICICI Bank, Asian Paints and cement stocks Ambuja Cements and ACC gained the most on both indices, while HDFC and Wipro lost the most.

Ambuja Cements and ACC gained between 5 and 7.5 percent on the back of merger talks between the companies, while Eicher Motors gained over 2.5 percent post its Q4 results. Avenue Supermarts, the operator of D-Mart, witnessed some profit-taking.

The Indian rupee gained in the early trade on Monday. It has opened higher by 10 paise at 64.27 per dollar versus Friday's close 64.37.

Pramit Brahmbhatt of Veracity said, "Consolidation near 64.20/USD, resulted into positive divergence on daily chart for USD. A technical pull-back may get extended till 64.50."

"Bias would remain positive for USD and USD-INR pair will trade in a range of 64.20 to 64.50," he added.

Meanwhile, Asian shares traded mostly higher on Monday following the landslide victory of Emmanuel Macron in the French polls on Sunday, with the Nikkei share average hitting its highest level since December 2015.

Macron defeated far-right candidate Marine Le Pen in the French presidential election, with the French interior ministry stating that the former had secured 65.1 percent of the vote. Macron, who is 39 years old, will become France's youngest president.

Market reaction was muted following the results of the French presidential vote, said National Australia Bank Head of FX Strategy Ray Attrill in a Monday morning note, although the euro/dollar bounced significantly.

stock market news

SENSEX, NIFTY SLUGGISH IN OPENING | TODAY SHARE MARKET NEWS UPDATE 03 FEB 2017.

SHARE MARKET NEWS UPDATE

Equity benchmarks started off Friday's trade on sluggish note despite weakness in Asian peers. Investors awaited RBI policy due next week and corporate results. The 30-share BSE Sensex was down 36.47 points at 28190.14 and the 50-share NSE Nifty fell 12.20 points to 8722.05.
Infosys, HDFC, ICICI Bank, Adani Ports, Maruti Suzuki, IndusInd Bank and ACC were losers in early trade while Axis Bank, ONGC, Sun Pharma, GAIL, Coal India, Idea Cellular, Bharti Infratel, Tata Power, Tech Mahindra and Aurobindo Pharma gained. Sun TV Network surged 20 percent in opening after Special 2G court cleared charges against former Telecom Minister Dayanidhi Maran and his brother & head of the company Kalanidhi Maran, in Aircel-Maxis case.
It is a significant positive for the company as this case was the biggest overhang. The Indian rupee opened marginally higher at 67.35 per dollar versus 67.37 Thursday. Ashutosh Raina of HDFC Bank said, “The USD-INR pair continues to gain on the back of global dollar weakness with the dollar index settling around 99.50 levels, sharply lower from its recent highs.” “The market will be keenly awaiting US jobs data due later today. We expect the USD-INR pair to trade in the range of 67.20-67.50/dollar today,” he added.
The US dollar rebounded from its weakest level since mid-November on views that the greenback's longer-term upward trend remained intact, while the rouble surged after the US treasury adjusted sanctions on a Russian spy agency.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-sluggishopening-icici-falls-sun-tv-soars-20_8415381.html?utm_source=ref_article

SENSEX, NIFTY MARGINALLY HIGHER AMID CONSOLIDATION | TODAY STOCK MARKET DERIVATIVE REPORT UPDATE 27 SEPTEMBER 2016.

NIFTY FUTURE | DERIVATIVE REPORT

NIFTY OUTLOOK:-

NIFTY FUTURE :	R1:8795	R2:8856	R3:8890
PIVOT :8761	S1:8700	S2:8666	S3:8605

Nifty closed with a loss of 109 points at 8,723. Nifty opened at 8,808 hitting a high of 8,810 and low of 8,715. The Indian equity market ended in the red as indices extended their losing streak to a second consecutive trading session on Monday. The domestic market extended its fall and hit a fresh intraday low in afternoon trade as European stocks declined in early trade there. The India VIX index was up 9.94% at 14.5650. Today’s major decline was led by the telecom, auto, banking, utilities, industrial, FMCG, finance, capital goods and power stocks, while energy, oil & gas and metal were among the gainers. The BSE Midcap and Smallcap indices closed lower by 0.5% each. The rupee was trading lower by three paise at 66.68 per US dollar. On the global front, Asian Markets closed in a negative territory. European markets opened sharply down on Monday following steep losses in Asia and also sell-offs in oil and gas shares .

Nifty open down on Monday  and  shown range range  movement over the full market hour’s. Nifty next support would be 8700-8750.Traders can go short on a break below 8600. Range bound movement may be seen in Nifty ,if its maintain the level of 8800 so, up sided movement would be up to 9050-9150.

NIFTY BANK FUTURE

NIFTY BANK OUTLOOK

NIFTY FUTURE :	R1:19788	R2:19932	R3:20014
PIVOT :19705	S1:19562	S2:19479	S3:19336

Bank nifty open down and shown range bound movement over the full trading session on Thursday, Bank Nifty upward movement would be seen above 20000, below 19800 bank nifty downside level  may be 19600-19400. ICICI BANK (-3.21%) and  AXIS BANK (-1.80%) is the top losers    of the day.

Bank nifty opened down at 19811.00, to its previous closing 19948.50 on Monday and touched high of 19849.65. In  Bank nifty bullish trend seen above the level of 20000-20500. if it’s maintain the level, then new level 20800-20900 will be expected. Below 19800 bank nifty downward  movement seen in between the level of  19600-19400.

USDINR

USDINR :	R1:66.74	R2:66.86	R3:66.92
PIVOT : 66.68	S1:66.56	S2:66.50	S3:66.38

The Indian rupee opened lower by 10 paise at 66.75 per dollar on Monday versus 66.65 Friday. The rupee recovered from 67/dollar levels on global cues and performance of Indian equity market. It is expected to trade in range of 66.20-66.80/dollar today. The dollar index edged higher on Friday, reversing earlier selling, after Boston Federal Reserve president Eric Rosengren said he believed US short-term interest rates should be raised now and warned a decline in the jobless rate below sustainable levels could derail economic recovery.

ASIAN MARKET

NAME	CHANGE	% CHANGE
NIKKEI 225	-209.46	-1.27
STRAITS TIMES	-7.01	-0.25
HANG SENG	-368.56	-1.58
TAIWAN WEIGHTED	-90.10	-0.98

Asian markets finished sharply lower today with shares in China leading the region. The Shanghai Composite is down 1.76% while Hong Kong's Hang Seng is off 1.56% and Japan's Nikkei 225 is lower by 1.25%.

INDIAN MARKETS

Name	Change	% Change	Open	High	Low
Nifty 50	-108.50	-1.24	8807.90	8809.55	8715.10
Nifty Bank	-310.05	-1.58	19792.20	19794.15	19568.35
Nifty Metal	-2.55	-0.10	2539.20	2557.95	2529.50
Nifty Pharma	-89.95	-0.77	11802.80	11831.75	11688.85
Nifty Realty	-5.00	-2.43	209.60	210.50	205.00

Name	Change	% Change	Open	High	Low
Sensex	-373.94	-1.32	28630.92	28630.92	28272.03
S&P BSE Small Cap	-71.52	-0.55	12964.43	12989.14	12873.63
S&P BSE Midcap	-71.15	-0.54	13331.42	13355.21	13239.31

TOP GAINER vs TOP LOSER

--TOP GAINER-

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
BHARAT PETRO.	604.65	622.45	+2.94
COAL INDIA	328.40	332.45	+1.23
ZEEL	524.60	530.65	+1.15
DR.REDDY’S LABS	3182.20	3199.65	+0.55
RELIANCE INDS.	1102.80	1107.20	+0.40

--TOP LOSER--

Company	Prev. Close(Rs.)	Current Price(Rs.)	% Change
ONGC	260.55	249.55	-4.22
ICICI BANK	271.25	262.55	-3.21
TATA MOTORS	553.05	535.30	-3.21
NTPC	156.90	152.15	-3.03
IDEA	82.50	80.30	-2.67

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