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SENSEX, NIFTY LOWER ON PROFIT BOOKING | TODAY DERIVATIVE REPORT UPDATE 20 MARCH 2017.

DERIVATIVE MARKET OUTLOOK


NIFTY FUTURE REPORT

NIFTY FUTURE :
R1:9201
R2:9230
R3:9248
PIVOT :8183
S1:9153
S2:9135
S3:9106




The Nifty opened on a strong note to hit new life-time high of 9218 in the opening session led by ITC after the GST council on Thursday cleared a proposal to cap the cess on tobacco and cigarettes. However, the index failed to hold opening gains amid profit booing among heavyweights from banking, capital goods and auto space. After surrendering the initial gains, the index consolidated in a narrow range between 9147 and 9175 before settling at 9160. The FMCG index was the major gainer, up 2.41% mainly led by heavyweight ITC, followed by IT and realty indices, which gained ~0.71% each.The Nifty maintained its rising trajectory and hit a fresh all-time high of 9219 on Friday while the Sensex is still 200 points shy of its 2015 life high of 30024. As per confirmation principle of Dow Theory we await Sensex to hit fresh life-time high to conclude breakout from the two year range. The Nifty has behaved in line with our expectations as the strong breakout above the previous two week’s consolidation range (8860 to 8990) has opened the room for extension of the current up move towards 9250 in the near term. 
 
On Weekly chart, nifty breaked the level of 9119 but unable to sustain above that level then further selling pressure was seen. Support for nifty seen on daily time frame at 9130 ,if nifty not able to retain that level downside level is between the 9070-9010, 9130 is the next support for nifty.
 
BANK NIFTY OUTLOOK
 
 
 
BANK NIFTY FUTURE REPORT
 
BANK  NIFTY FUTURE :
R1:21545
R2:21855
R3:22032
PIVOT :21367
S1:21057
S2:20880
S3:20569

 

 
 
Bank nifty open positive and shown downside movement over the full trading hour’s.  Its closed below 21300 , Below 21200 level, new level for bank nifty would be 21000-20900  come soon. BANK OF BARODA is the losser of the day amongst banking stocks.
 
Bank nifty open at 21678.50 to its previous closing at 21310 on Friday. Major support of bank nifty seen at 20900 and then 20550. On daily time frame. ts closed at 21234 on Friday session. Below 20900 short term bearish trend might be follow by bank nifty, trader  can keep eye on its support & consolidation phase between the 20900-20600. Below that support short position might be seen. 
 
USDINR
 
USDINR :
R1:65.6992
R2:65.8258
R3:65.9117
PIVOT : 65.6133
S1:65.4867
S2:65.4008
S3:65.2742
 
 
The Indian rupee pared its initial gains, while holding its 16-months highs by 28 paise to 65.41 in late morning deals, on the back of continued unwinding of dollars from banks and exporters amid heavy foreign capital inflows and strong equities.Earlier, the rupee resumed higher at 65.40 as against yesterday's closing level of 65.69. Later, it strengthened sharply to 65.21 before trading at 65.41 at 1020 hours.
 
ASIAN MARKETS
 
NAME
CHANGE
% CHANGE
NIKKEI 225
-68.55
-0.35
STRAITS TIMES
5.86
0.18
HANG SENG
21.65
0.09
TAIWAN WEIGHTED
70.86
0.72
 
 
 
 
 
Asian markets traded sideways on Friday, following a flat to lower close on Wall Street, in a light regional data day. China's Shanghai composite fell 0.98 percent or 31.6 points to close at 3,237.31 and the Shenzhen composite slipped 0.81 percent or 16.6 points at 2,029.73. Hong Kong's Hang Seng was positive buy 21.65 points.
 
INDIAN MARKETS
 
Name
PREV. CLOSE
        OPEN
           CLOSE
        GAIN/LOSS
Nifty 50
9153.7
9207.8
9160.05
6.35
Nifty Bank
21249.9
21308.45
21175.05
-74.85
Nifty IT
                  10822.1
             10893.85
10900.75
                    78.65
Nifty Pharma
10731
10776.65
10674.95
       -56.25
Nifty Realty
 206.45
206.85
208
       1.55
 
 
 
 
 
TOP GAINER VS TOP LOSER
 
TOP GAINER
 
Company
LTP(Rs.)
% Change
ITC
280.25
+4.40
HCL TECH
866.05
+1.25
INFY
1039
+0.99
EICHERMOT
24750
+0.96
TECHM
484.60
+0.73
 
TOP LOSER
 
Company
LTP(Rs.)
% Change
IDEA
107.80
-4.56
BHARTIARTL
344.60
-4.45
BANKBARODA
164.85
-2.20
TATAMTRDVR
287
-2.00
SBI
274
 
-1.90
 
 
 
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|stock futures tips|Equity Research Lab :- Nifty ...
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