SENSEX TRIMS EARLY GAINS, NIFTY AROUND 8950 | TODAY SHARE MARKET REPORT UPDATE 10 MARCH 2017 .

SHARE MARKET REPORT

Investors cheered the results of UP exit poll as the Sensex gained more than 100 points and the Nifty is eyeing 9000 level. The 30-share BSE Sensex was up 127.50 points at 29,056.63 and the 50-share NSE Nifty rose 43.05 points to 8970.05. About 711 shares advanced against 190 declining shares on the BSE. Adani Ports, Hero Motocorp, ICICI Bank, Larsen and Toubro, GAIL, Tech Mahindra, Kotak Mahindra Bank, Bank of Baroda and Tata Motors (DVR) were early gainers while ONGC was under pressure. After the high-intensity battle for over two months, exit polls released on Thursday have predicted BJP cruising through in Uttar Pradesh; AAP in pole position in Punjab, but it has a wafer-thin lead over the Congress. BJP is seen snatching the rule from Congress in Uttarakhand. In Goa, BJP is likely to come up trumps with debutant AAP trailing behind. Congress is marginally ahead in Manipur and may win the state election for third time in a row The Indian rupee opened marginally higher at 66.69 per dollar against previous close of 66.71. Ashutosh Raina of HDFC Bank said, "In the run up to the March FOMC next week, the probability of Fed hiking rates has gone up substantially. While the rupee continues to gain on the back of sustained portfolio inflows, depreciation is likely as the dollar continues to gain." "We expect the USD-INR pair to trade in a range of 66.60-66.90/dollar today," he added. The dollar firmed to six-week highs against the yen and looked set for a modest weekly gain as investors awaited US job data later in the day that is expected to reinforce expectations of a Federal Reserve interest rate hike next week.

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BANKS RALLY PUSHES UP SENSEX OVER 200 POINTS, NIFTY EYES 8950 | TODAY NIFTY REPORT UPDATE 01 MARCH 2017.

NIFTY REPORT

NIFTY FUTURE :	R1:8937	R2:8964	R3:8991
PIVOT :8910	S1:8882	S2:8856	S3:8828

CHART INTERPRETATION

RSI (75) suggests overbought situation on index. Nifty break 52week high but didn’t manage to close above that. Nifty find a stiff resistance near 8970 and have closing at 8956. This week, the indices tested the short term average of 6EMA Nifty – 8800 close above it and 14EMA Nifty- 8745.The indices continue to remain above  the medium term average of 28WMA Nifty – 8710. Thus the trend in the short term, medium term and even the long term timeframe continues to remain upwards. A significant close above 8970 may open the gates for new highs.

INDEX OUTLOOK

NIFTY FUTURE:  We have now revised the immediate support threshold for the index upwards to 8710-8650 region. We believe the current breather to work out the overbought conditions will attract demand at the earmarked support zone of 8650 as it is the confluence of following: ¾ 61.8% retracement of the up move post Union Budget (8537 to 8814) is placed at 8650 region ¾ Previous weeks congestion area is placed near 8670 region¾ Lower band of the short term rising channel encompassing current up move is also placed around 8650 region

STRATEGY:  Sell  Nifty Future below 8940-8950 for the target of 8900-8860 with the stop loss of 8990.

SECTORIAL INDICES

Key Indices – Levels to watch out for the day
INDEX (Spot)	RESISTANCE 2	RESISTANCE 1	LTP	SUPPORT 1	SUPPORT 2
SENSEX	29100	28900	28743.32	28600	28450
NIFTY	8985	8930	8879.60	8840	8800
NIFTYBANK	20950	20800	20607.25	20450	20300
NIFTYIT	10930	10800	10680.95	10580	10450

CORPORATE NEWS

Tata Teleservices gained as Tata Sons agreed to pay USD 1.17bn in damages to NTT DoCoMo in their long running dispute over the latter’s exit from the Joint Venture in India. Shares closed up 19.4%.

Lupin announced that the US Food and Drug Administration (US FDA) had granted it approval to market the generic version of Braintree Laboratories’ Suprep Bowel Prep Kit, which has a market of USD 207mn in the USA.

Shares of Logistics companies rallied after the Economic Affairs Secretary announced that the GST will be rolled out on 1st July 2017. Shares of Gati, VRL, Snowman, Allcargo Logistics gained 1-6%.

SENSEX, NIFTY OPEN FLAT WITH POSITIVE BIAS | TODAY SHARE MARKET OUTLOOK 21 FEB 2017.

Equity benchmarks opened flat with a positive bias on Tuesday, with the Nifty inching towards 8900 level, led by technology, healthcare and metals stocks. The 30-share BSE Sensex was up 34.26 points at 28695.84 and the 50-share NSE Nifty rose 13.05 points to 8892.25. Infosys gained 1 percent on hopes of share buyback. Reliance Industries, Axis Bank, ONGC and Sun Pharma were other gainers while HDFC Bank fell 0.6 percent on profit booking. Bharti Airtel, ITC, Maruti, Cipla and GAIL were other losers. Ambuja Cements fell 2 percent after fourth quarter earnings. Profit grew by 59.9 percent on low base in year-ago period. Markets in Asia traded mostly higher, as traders searched for direction following a public holiday in the US on Monday. In Japan, the Nikkei 225 added 0.65 percent, while across the Korean Strait, the Kospi was up 1.06 percent.

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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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