NIFTY FUTURE OUTLOOK :-
Shield Research |
Nifty open Flat on Friday and shown choppy movement over the full trading hour’s .nifty trade above the level of 8630. Nifty next support would be 8480-8450.Traders can go short on a break below 8500. Range bound movement may be seen in Nifty ,if its maintain the level of 8700 so, up sided movement would be up to 9050-9150.
NIFTY FUTURE : R1:8722 R2:8743 R3:8777
PIVOT :8688 S1:8666 S2:8633 S3:8611
NIFTY BANK OUTLOOK :-
Bank nifty open Flat today and showing range bound movement over the full market hour’s. Bank nifty on technical chart have support of 19000, below that level next level for bank nifty would be 18400-18600. Above the level of 19500 upside movement can be seen. INDUSIND BANK (+1.45%) and HDFC BANK (+1.21%) is the top gainers of the day.
Bank nifty Open Flat at 19651.10, to its previous closing 19669.20 on Friday and touched high of 19753.00. bank nifty have support of 19000,if bank nifty not sustain at that level ,next level of bank nifty would be 18700-18500.On the other hand above 19800 ,new level for Bank nifty would be 20000-20250.
BANK NIFTY FUTURE : R1:19810 R2:19897 R3:20042
PIVOT :19665 S1:19578 S2:19434 S3:19346
USDINR
The Indian rupee fell further in early trade Friday. The currency has opened at 66.89 per dollar, down 8 paise compared with 66.81 a dollar in previous session. The US dollar continues to gain against most of its peers with the Dollar Index settling above 98 level. The USD/INR currency pair also came off from recent highs, in-line with other peer currencies. The dollar was boosted by a fall in the euro after the European Central Bank shot down talk it was contemplating tapering its monetary easing - sending the euro lower. The dollar hovered near a seven-month high against an index of peer.
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