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

NIFTY OPENS FLAT AHEAD OF MARCH F&O EXPIRY | TODAY SHARE MARKET NEWS UPDATE 30 MARCH 2017.

SHARE MARKET TIPS   (March expiry likely between 9,100-9,200)

Equity benchmarks started off trade on a flat note Thursday ahead of expiry of March futures & options contracts. However, the broader markets outperformed benchmarks.

The 30-share BSE Sensex was up 39.50 points at 29,570.93 and the 50-share NSE Nifty gained 3.65 points at 9,147.45. About 824 shares advanced against 244 declining shares on the BSE.

SBI, Reliance Industries, Hero Motocorp, Adani Ports, BHEL, Bank of Baroda and IndusInd Bank were early gainers while Axis Bank, Tata Motors, Bharti Airtel, M&M, TCS, HCL Tech and Bharti Infratel were losers.

The Indian rupee extended gains today, opening at 64.87 against the US dollar, up 3 paise over 64.90 level in previous session.

Mohan Shenoi of Kotak Mahindra Bank says macro data emanating from US continues to be robust keeping the dollar strength intact. The rupee is resilient on the back of FII flows into bonds and equity, he adds.

He expects the USD-INR to trade in a range of 64.80-65.10/dollar for the day.

The dollar hovered near a one-week high against a basket of currencies, buoyed by a weaker euro which sagged as prospects of the European Central Bank stepping away from monetary easing faded.

Asian shares fell after a mixed start, amid uncertainty over the UK's exit from the European Union, as the dollar strengthened and crude oil prices slipped.

share market tips

NIFTY OPENS ABOVE 8700, SENSEX FLAT | TODAY STOCK MARKET OUTLOOK REPORT 28 SEPTEMBER 2016.

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

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