SHIELD RESEARCH : MARKET UPDATE

Stock Cash Tips :- 

NIFTY FUTURE :-  

Nifty reversed their early morning losses and closed higher on Monday on account of buying in selected blue chip companies.

Sensex advanced 120.41 points to end at 27,902.66, while Nifty closed 34.90 points up at 8,607.45.

After two-day correction amid consolidation, equity benchmarks gained strength in last hour of trade on Monday with the Nifty closing above 8600 level on short covering despite weak global cues. Reliance Industries, ICICI Bank and Tata Motors contributed more than 80 percent to index gains. Hopes of further monetary easing by Bank of Japan also aided sentiment.

The market started off day on a negative note on weak global cues after the hawkish comments from the US Federal Reserve Chief Janet Yellen in a speech at Jackson Hole on Friday. However, short covering in later part of the session helped the benchmarks rebound.

   SHIELD RESEARCH

 NIFTY DAILY CHART

Technical views:-

Nifty taking support at the level of 8500-8550, if its break that level it will increase the downside pressure and drag it to 8400/8300. Traders can go short on a break below 8500. On the other hand, a decisive break above 8635 will ease the downside pressure and take the index futures higher to 8700 and 8850 thereafter.

BANK NIFTY FUTURE :-

Bank Nifty future opened flat and showing  Consolidation trend over the full trading hour’s Downside movement in   bank nifty may be 18400-18200 if its break the level of 18600-18650. On the other the hand up sided movement will be seen above 19150-19200 level ,up to 19600-19800. In between consolidation may be seen for a short time.  ICICI BANK (+2.12%) and BANK OF BARODA (+1.11%) is the top gainers of the day.

BANK NIFTY DAILY CHART :-

Technical views :-

Bank nifty opened flat at 19315, to its previous closing 19317.55 on Friday and touched high of 19431.90. In  Bank nifty bullish trend seen above the level of 19150-19200, if it’s maintain the level, then new level 19400-19600 will be expected. Below 19000 bank nifty downward  movement seen in between the level of  18200-18400.Pivot level :-

NIFTY FUTURE :

R1:19436

R2:19558

R3:19685

PIVOT :19309

S1:19187

S2:19060

S3:18938

 

Pivot Point :

 

	NIFTY FUTURE :		R1:8687		R2:8724		R3:8778
PIVOT :8632			S1:8595		S2:8540		S3:8503

USD/ INR :-

USDINR :		R1:67.54		R2:67.59		R3:67.66
PIVOT : 67.47			S1:67.42		S2:67.35		S3:67.30

  The Indian rupee opened lower by 8 paise at 67.14 per dollar on Monday versus 67.06 Friday. Interest rate speculation will continue to keep the USD higher. We expect the USD-INR pair to trade in the range of 66.90-67.20/dollar today." The dollar was near a two-week high against the yen after comments from Central Bank chiefs at the weekend reinforced the divergence between monetary policy in the US and other parts of the world.

EUROPEAN MARKET :-

European markets finished lower on Monday with shares in German leading the region. The CAC 40 is down 0.40% while Germany's DAX is down by 0.40% and London's FTSE 100 was closed yesterday.

NAME		CHANGE	% CHANGE
FTSE 100		21.15	0.31
CAC 40	17.62		0.40
DAX		43.33	0.41

ASIAN MARKET :-

 Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 2.30%, while Hong Kong's Hang Seng was off 0.38%. Shares in China were unchanged with the Shanghai Composite at 3,070.03.

FII/DII  ACTIVITY :- 

BUY						SELL						OPEN INTEREST AT THE
					No. Of			Amt.			No. Of			Amt.
					Contracts			(In. Crores)			Contracts			(In. Crores)
		INDEX
		FUTURES		38733			2549.03			37928			2508.37
		INDEX
		OPTIONS
					423258			29282.20			421610			29117.37
		STOCK
		FUTURES		77109			5284.89			72155			4878.07
		STOCK
		OPTIONS			50329			3431.71			50809			3464.32

 
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