|stock futures tips|Equity Research Lab :- Derivative Report 29 september

STOCK FUTURES TIPS:-
 
NIFTY FUTURE:-

NIFTY FUTURE :         R1:8792                  R2:8827                          R3:8870
PIVOT :8749                S1:8715                  S2:8671                           S3:8637

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  NIFTY DAILY OUT LOOK   

• Sensex and Nifty snapped a three-day losing streak on Wednesday on account of buying in metal, banking and auto stocks amid firm European markets. The 50-share index settled 38.75 points up at 8745.15. Overall, domestic equity markets remained volatile throughout the day ahead of the derivative expiry on Thursday. Barring the BSE IT index (down 0.26 per cent), rest all other sectoral indices ended the day with gains. Nifty formed a perfect “Bullish Harami” candle on daily chart near to crucial support zones but now requires follow up and hold above 8,767- mark to witness the reversal in immediate declining trend. Now if it manages to hold above 8,767 then it may head towards 8,820 and 8,858 zones in next coming sessions while on the downside multiple support exists at 8,688 zones. Asian equity markets ended mostly in red on Wednesday as the Japanese yen fluctuated and oil prices turned flat after steep losses overnight on doubts over potential OPEC deal.
• Nifty open flat on Wednesday 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 FUTURE :    R1:19776             R2:19861                    R3:19982
     PIVOT :19655          S1:19570              S2:19449                     S3:19364

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 NIFTY BANK OUTLOOK:-

• 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 Wednesday, Bank Nifty upward movement would be seen above 20000, below 19800 bank nifty downside level may be 19600-19400. BANK OF BARODA (+2.71%) and YES BANK (+1.95%) is the top gainers of the day.
• Bank nifty opened flat at 19557.45, to its previous closing 19558.90 on Wednesday 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.

USD/INR

The Indian rupee opened higher by 4 paise at 66.44 per dollar on Wednesday versus previous close of 66.48. The rupee will continue to trade with a positive bias on the back of an overall weak outlook for dollar and in anticipation of rebound in the domestic equity market. The 10-year US Treasury note yield hovered near a three-week low of 1.546 percent touched overnight amid speculation that Europe's banking woes could delay the Fed's next interest rate hike. 
                USDINR :                  R1:66.80            R2:66.82               R3:66.86
                PIVOT : 66.76           S1:66.74             S2:66.70                S3:66.68

FII/DII ACTIVITY

TOP GAINERS:

 TOP LOSERS:-

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