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DERIVATIVE REPORT
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27 October 2016
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Prepared by: Meenakshi Pal
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Sr. Research Analyst
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27th October 2016

NIFTY FUTURE

NIFTY DAILY CHART

The Indian stock market closed down for the
NIFTYstraight
OUTLOOK
second
day, dragged lower by financial
stocks such as Axis Bank after the lender reported
a quarterly profit slump and on the back of muted
second quarter earnings by some companies.
Besides banks, Tata Group stocks extended their
fall after the abrupt ouster of Chairman Cyrus
.Mistry on Monday, lower global crude oil prices
and dampened sentiment ahead of the October
month F&O expiry on Thursday. Nifty closed
with a loss of 76 points at 8,615. The NSE Nifty
opened at 8,657 hitting a high of 8,657.30 and low
of 8,597. On the economy front, Union Minister
Nirmala Sitharaman expressed disappointment at
India's rank remaining low on the ease of doing
business front. The India VIX (Volatility) index
was down 0.20% at 14.4525. The rupee was
trading up one paise at 66.82 per US dollar. Axis
Bank tanked 8% to Rs 486 on the BSE. The bank
has posted a net profit of Rs 319 crore for the
quarter ended September 30, 2016 as compared to
Rs 1915.6 crore for the quarter ended September
30, 2015.
NIFTY FUTURE :

Read

R1:8661

more

Nifty open gap down on Wednesday and shown

choppy movement over the full trading hours
.nifty trade below 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.

R2:8707

R3:8745

27th October 2016

PIVOT :8623

S1:8578

S2:8540

S3:8495

27th October 2016

NIFTY BANK FUTURE

NIFTY BANK DAILY CHART

NIFTY BANK OUTLOOK
NIFTY
Bank
nifty OUTLOOK
open gap down today and showing
range bound movement over the full market
hours. 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.
ICICI BANK (-3.75%) and AXIS BANK (7.85%) is the top losers of the day.

BANK NIFTY FUTURE :

PIVOT :19531

R1:19631
S1:19389

Bank nifty Open gap down at 19615.55, to its

previous closing 19844.85 on Wednesday and
touched high of 19674.30. bank nifty have
support of 19000,if bank nifty not sustain at that
level ,next level of bank nifty would be 1870018500.On the other hand above 19800 ,new level
for Bank nifty would be 20000-20250.

R2:19773
S2:19289

R3:19873
S3:19147

27th October 2016

USDINR
The Indian rupee opened marginally higher at 66.80 per dollar on Wednesday versus 66.82 Tuesday.
The rupee fell against the dollar in afternoon trade and closed at 66.89/dollar. The rupee will take cues
from equity markets and trade between 66.65-67.10/dollar. The dollar hit its highest level in nearly eight
months against the euro and a roughly three-month high against the yen on growing expectations that the
Federal Reserve would raise interest rates in December, while the offshore yuan hit a record low.
Traders now see 78 percent chance that the Fed would raise rates in December, according to data from
CME group's Fedwatch program.
USDINR :
PIVOT : 66.78

R1:66.81
S1:66.72

R2:66.87
S2:66.69

R3:66.90
S3:66.63

GLOBAL MARKETS

EUROPEAN MARKET
NAME

CHANGE

% CHANGE

FTSE 100
CAC 40
DAX

59.55
6.25
47.63

-0.86
-0.14
-0.44

European markets finished lower as of the most recent closing prices. The DAX fell 0.44%, while the
CAC 40 led the FTSE 100 lower. They fell 0.14% and 0.86% respectively.

ASIAN MARKET
NAME

CHANGE

% CHANGE

NIKKEI 225
STRAITS TIMES
HANG SENG
TAIWAN WEIGHTED

26.59

0.15

-25.48
-239.68
-23.40

-0.90
-1.03
-0.25

Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 0.15%,
while the Hang Seng led the Shanghai Composite lower. They fell 1.02% and 0.50% respectively.

ADVANCES / DECLINES RATIO

ADVANCE

DECLINE

UNCHANGED

TOTALS

473

1007

27th October 2016

1525

45

INDIAN MARKETS

Name

Change

% Change

-76.05
-351.30
-38.35
-131.05
-0.55

Nifty 50
Nifty Bank
Nifty Metal
Nifty Pharma
Nifty Realty

Name

Change

-0.88
-1.80
-1.45
-1.14
-0.26

% Change

Open

High

Low

8657.30
19581.70
2668.65
11588.20
209.60

8657.30
19725.90
2697.05
11598.25
212.75

8596.60
19434.50
2628.05
11413.45
207.90

Open

High

Low

Sensex

-254.91

-0.92

28050.55

28050.55

27759.56

S&P BSE
Small Cap

-89.85

-0.67

13528.96

13574.12

13409.61

S&P BSE
Midcap

-122.36

-0.91

13543.72

13572.24

13391.97

FII/DII ACTIVITY

BUY
No. Of
Contracts
INDEX
FUTURES
INDEX
OPTIONS
STOCK
FUTURES
STOCK
OPTIONS

SELL

Amt.
(In. Crores)

No. Of
Contracts

Amt.
(In. Crores)

OPEN INTEREST AT THE

END OF THE DAY
No. Of
Amt.
Contracts
(In. Crores)

91880

6226.42

96631

6458.60

290788

19395.97

636768

44636.57

625251

43872.46

1148899

76019.45

384389

26034.66

390036

26422.16

976567

64801.38

107604

7746.70

110303

7964.35

131473

8911.05

27th October 2016

TOP GAINERS VS. TOP LOSERS

TOP GAINERS
Company
IDEA
KOTAK BANK
BHARTI AIRTEL
HERO MOTOCORP
MARUTI SUZUKI

Prev. Close(Rs.)
75.30
786.55
311.80
3355.55
5781.45

Current Price(Rs.)
78.70
811.50
317.70
3419.05
5869.10

% Change
+4.52
+3.17
+1.89
+1.89
+1.52

Prev. Close(Rs.)
529.10
553.80
415.25
289.25
434.05

Current Price(Rs.)
487.55
530.05
398.60
278.40
423.05

% Change
-7.85
-4.29
-4.01
-3.75
-2.53

TOP LOSERS
Company
AXIS BANK
TATA MOTORS
TATA STEEL
ICICI BANK
TECH MAHINDRA

27th October 2016

ERL RESEARCH TEAM

Member Name

Designation

Mr. Tuhinanshu Jain

Mr. Yogesh Subnani
Miss. Meenakshi Pal

Research Head
Sr. Research Analyst
Sr. Research Analyst

E-mail ID
Tuhinanshu.jain@equityresearchlab.co.in
Yogesh.subnani@equityresearchlab.co.in
Meenakshi.pal@equityresearchlab.co.in

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