NIFTY FUTURE | DERIVATIVE REPORT
NIFTY FUTURE OUTLOOK
|
NIFTY FUTURE :
|
R1:8762
|
R2:8808
|
R3:8841
|
|
PIVOT :8730
|
S1:8684
|
S2:8651
|
S3:8605
|
Nifty recently
observed some profit booking and the index breached the 8750 levels. There are
strong support clusters around the 8,680-8,700 levels which would act as a
cushion on the downside. The momentum indicators have shown sign of exhaustion
and we recommend reducing aggressive longs. This expiry we expect Nifty to
expire between the 8,750-8,800 levels. The index has an immediate resistance
area, which indicates that level 8,750-8,800 will be a crucial hurdle to be
crossed immediately. It is essential for the Nifty to close above this level
for a positive bias and continuation of the uptrend. And any move beyond that
may trigger a further upside till 8,950 and 9,000, which is a possibility over
the next few months. However, for the uptrend to remain intact, the Nifty
should sustain above the level of 8,550 in case of further correction over the
next few weeks. The decline in the banking along with metal and auto sector was
main reason for the fall in the markets.
Nifty open flat on Tuesday and
shown range bound 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 :
|
R1:19695
|
R2:19832
|
R3:19924
|
|
PIVOT :19603
|
S1:19466
|
S2:19374
|
S3:19237
|
The Bank Nifty faces
immediate resistance around the 19,750 level on the upside and will continue to
face selling pressure at higher levels. Bank nifty open flat and shown range bound movement over the
full trading session on Tuesday, Bank Nifty upward movement would be seen above
20000, below 19800 bank nifty downside level
may be 19600-19400. BANK OF
BARODA (-1.41%) and AXIS BANK (-1.17%)
is the top losers of the day.
Bank nifty opened flat at 19711.10, to its previous closing 19644.90
on Tuesday and touched high of 19740.00. 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
The Indian rupee rose
in the early trade on Tuesday. It has opened higher by 7 paise at
66.53 per dollar, which is a 3-week high, against previous close
of 66.60. The USD-INR pair continues to rally on the back of strong FII
and FDI flows and some spectrum auction related inflows, with overall dollar
weakness also helping.
|
USDINR
:
|
R1:66.57
|
R2:66.65
|
R3:66.72
|
|
PIVOT : 66.50
|
S1:66.42
|
S2:66.35
|
S3:66.27
|
ASIAN MARKETS
|
NAME
|
CHANGE
|
% CHANGE
|
|
NIKKEI 225
|
139.37
|
0.84
|
|
STRAITS TIMES
|
10.29
|
0.36
|
|
HANG SENG
|
253.98
|
1.08
|
|
TAIWAN WEIGHTED
|
-90.10
|
-0.98
|
Asian
markets finished broadly lower today with shares in China leading the region.
The Shanghai Composite is down 1.18% while Hong Kong's Hang Seng is off 0.48%
and Japan's Nikkei 225 is lower by 0.42%.
INDIAN MARKETS
|
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
|
Nifty 50
|
-16.65
|
-0.19
|
8748.90
|
8768.50
|
8690.50
|
|
Nifty Bank
|
-73.05
|
-0.37
|
19652.95
|
19696.45
|
19479.15
|
|
Nifty Metal
|
-15.85
|
-0.63
|
2552.75
|
2559.70
|
2519.35
|
|
Nifty Pharma
|
73.90
|
0.63
|
11729.35
|
11830.85
|
11722.40
|
|
Nifty Realty
|
0.55
|
0.27
|
206.65
|
207.70
|
204.80
|
|
|
|
|
|
|
|
|
Name
|
Change
|
% Change
|
Open
|
High
|
Low
|
|
Sensex
|
-70.58
|
-0.25
|
28373.02
|
28432.74
|
28179.34
|
|
S&P
BSE
Small
Cap
|
16.94
|
0.13
|
12912.68
|
12993.87
|
12888.48
|
|
S&P
BSE
Midcap
|
14.80
|
0.11
|
13280.15
|
13347.43
|
13243.14
|
|
|
|
|
|
|
|
TOP GAINER vs TOP LOSER
TOP GAINER
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
AUROPHARMA
|
838.70
|
860.55
|
+2.61
|
|
TATA CONSUL.
|
2401.10
|
2436.10
|
+1.46
|
|
AMBUJA CEMENT
|
254.85
|
258.15
|
+1.29
|
|
LUPIN
|
1494.50
|
1512.20
|
+1.18
|
|
WIPRO
|
479.30
|
484.20
|
+1.02
|
TOP LOSER
|
Company
|
Prev.
Close(Rs.)
|
Current
Price(Rs.)
|
% Change
|
|
HINDALCO
|
153.60
|
150.05
|
-2.31
|
|
ADANIPORTS
|
270.40
|
264.70
|
-2.11
|
|
L&T
|
1465.70
|
1436.40
|
-2.00
|
|
BHARAT PETRO.
|
622.45
|
610.75
|
-1.88
|
|
BHARTI INFRA
|
365.35
|
358.50
|
-1.87
|
|
|
|
|
|
