26th April, 2017

NIFTY FUTURE

NIFTY DAILY CHART

The Nifty gapped up on Tuesday tracking firm global The Nifty has taken support at 9100 and so some
cues and extended
NIFTY OUTLOOK gains as the session progressed. The positive momentum today.. We believe 9330 will
index scaled above the 9300 mark for the first time remain a crucial overhead hurdle for the index .If
ever to close near the high point of the day at 9306 Nifty is unable to sustain above 9270 then level
. on downside is between the 9200-9160. 9330 is
levels. However, the Sensex is still 81 points shy of its
the next resistance zone for Nifty future.
2015 lifetime high of 30024. All major sectoral indices
ended in the green highlighting a broad based rally led
by FMCG, oil & gas, banking, auto, realty and telecom
indices which rose between 1% and 2.6%

NIFTY FUTURE : R1:9327 R2:9347 R3:9380

PIVOT : 9288 S1:9268 S2:9229 S3:9209
 24th April, 2017

NIFTY BANK FUTURE

NIFTY BANK DAILY CHART

NIFTY BANK OUTLOOK

NIFTY OUTLOOK The index ended at all-time high levels very much
near the sizeable Call base of 22000. As the index
continued to trade in a discount for the third day in a
row, we feel spreads are likely to get narrow.
S
However, the overall support for the index has shifted
towards 21700.

BANK NIFTY FUTURE : R1:21929.0667 R2:22027.9833 R3:22208.7167

PIVOT : 21748.3333 S1:21649.3333 S2:21468.6833 S3:21369.7667
 24th April, 2017

USDINR

The Indian rupee rose for the first time in three sessions against the dollar, as foreign banks sold the greenback,
likely for corporate clients. Overnight weakness in the greenback following softer-than-expected U.S. economic
data also aided the rupee. The dollar rose against a basket of major currencies on Wednesday, but failed to
recover losses sustained in the previous session as geopolitical events weighed on sentiment while a drop in June
rate hike expectations capped gains. USDINR is expected to trade with positive bias in todays session. Resistance
is at 64.80 and support is at 64.50 mark.

USDINR : R1:64.715 R2:64.8175 R3:64.875

PIVOT : 64.6575 S1:64.5550 S2:64.4975 S3:64.3950

GLOBAL MARKETS

EUROPEAN MARKET
NAME CHANGE % CHANGE
FTSE 100 14.83 0.20
CAC 40 20.90 0.40
DAX 10.06 0.08

European markets finished lower on Friday with shares in France leading the region. The FTSE 100 is
down 0.06% and France's CAC 40 is down 0.37% while Germany's DAX is up 0.18%.

ASIAN MARKET
NAME CHANGE % CHANGE
NIKKEI 225 203.45 1.07
STRAITS TIMES 19.90 0.63
HANG SENG 316.46 1.29
TAIWAN WEIGHTED 123.76 1.26

Asian markets traded on a positive note on Friday, following a flat to lower close on Wall
Street.China's Shanghai composite rose 0.03 percent or 1.05 points to close at 3173.15 and the Hong
Kong's Hang Seng was negative by 14.96 points.
 24th April, 2017

ADVANCES / DECLINES RATIO

ADVANCE DECLINE UNCHANGED TOTALS

892 781 92 1765

INDIAN MARKETS

INDEX PREVIOUS OPEN HIGH LOW CLOSE GAIN/LOSS

CLOSE
Nifty 50 9217.95 9273.05 9309.2 9250.35 9306.6 88.65
Nifty IT 10058.35 10081.55 10113 10038.15 10091.25 32.9
Nifty Bank 21857.4 21960.65 22093.25 21900.3 22054.7 197.3
Nifty Realty 258.55 261.45 264.05 259.8 262.45 3.9
Nifty Infra 3237.7 3251.15 3273.15 3246.35 3267.45 29.75
Nifty Energy 12273.15 12466.45 12497.3 12343.6 12406.85 133.7

FII/DII ACTIVITY

BUY SELL OPEN INTEREST AT THE

END OF THE DAY
No. Of Amt. No. Of Amt. No. Of Amt.
Contracts (In. Crores) Contracts (In. Crores) Contracts (In. Crores)
INDEX
FUTURES 124300 8988.60 134986 9793.42 390265 28134.62
INDEX
OPTIONS 511555 38967.15 504701 38526.59 984257 70028.51
STOCK
FUTURES 476838 32835.43 450227 31029.68 1357768 93135.95
 24th April, 2017
STOCK
OPTIONS 107348 8405.22 109331 8540.40 106188 7940.96

TOP GAINERS VS. TOP LOSERS

NIFTY 50
TOP GAINERS

Company LTP(Rs.) % Change

INFRATEL 375.30 +4.76
AXISBANK 518.10 +3.90
BPCL 740.20 +3.55
M&M 1306.95 +3.35
IOC 435.85 +3.31

TOP LOSERS

Company LTP(Rs.) % Change

TATAPOWER 85.05 -1.10
CIPLA 551.80 -0.90
TCS 2310.00 -0.78
NTPC 165.35 -0.72
AUROPHARMA 622.90 -0.71
 24th April, 2017

ERL RESEARCH TEAM

Member Name Designation E-mail ID

Mr. Tuhinanshu Jain Research Head Tuhinanshu.jain@equityresearchlab.co.in
Mr. Yogesh Subnani Sr. Research Analyst Yogesh.subnani@equityresearchlab.co.in

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