NIFTY FUTURE :
The Indian stock recovered some of its losses after plunging over 300
points in morning trade following weak Chinese data. Sensex opened at
24,787, touched an intra-day high of 24,962 and low of 24,599. It
finally ended with a loss of 109 points at 24,825.while Nifty opened at
7,527 hitting a high of 7,605 and low of 7,494, before ending with a
loss of 38 points at 7,564. China stocks closed down on Monday at their
lowest since September, following weak inflation data over the weekend
And continuing investor anxiety over the economy and the trajectory of
the yuan.
NIFTY DAILY CHART
Technical views:
Nifty future closed at 7590.00 on Monday .Nifty spot have major support of 7550-7500 on daily time frame. it may be show the reverse trend at this level to level of 7650-6700.
Pivot point :
Nifty future closed at 7590.00 on Monday .Nifty spot have major support of 7550-7500 on daily time frame. it may be show the reverse trend at this level to level of 7650-6700.
Pivot point :
Nifty Future R1: 7633 R2: 7682 R3:7746
Pivot: 7569 S1: 7519 S2: 7455 S3: 7406
Pivot: 7569 S1: 7519 S2: 7455 S3: 7406
BANK NIFTY FUTURE :
Bank Nifty closed at 16070.00 on Monday with the loss of -81.65 point (-0.51%) . Bank nifty open gap down at 15932.35 but did not manage the sustain at lower level and during the whole trading session its was trading its fill the morning gap. ICICI BANK (-2.29%) and SBIN BANK (-2.23.%) is the top losers in bank nifty future.
BANK NIFTY DAILY CHART
Bank Nifty closed at 16070.00 on Monday with the loss of -81.65 point (-0.51%) . Bank nifty open gap down at 15932.35 but did not manage the sustain at lower level and during the whole trading session its was trading its fill the morning gap. ICICI BANK (-2.29%) and SBIN BANK (-2.23.%) is the top losers in bank nifty future.
BANK NIFTY DAILY CHART
Technical views:
Bank nifty closed at 16070.00on Monday . Bank nifty trading below the support its may be trade between the 16000-16360. bank nifty continuing its lower highs and lower lows formation on daily time frame. Above the level of 16400 (after gap filled) bullish trend in bank nifty can be seen.
Pivot level:
Bank Nifty Future R1: 16200 R2: 16365 R3:16545
Pivot: 16021 S1: 15856 S2: 15676 S3: 15511
Bank nifty closed at 16070.00on Monday . Bank nifty trading below the support its may be trade between the 16000-16360. bank nifty continuing its lower highs and lower lows formation on daily time frame. Above the level of 16400 (after gap filled) bullish trend in bank nifty can be seen.
Pivot level:
Bank Nifty Future R1: 16200 R2: 16365 R3:16545
Pivot: 16021 S1: 15856 S2: 15676 S3: 15511
USD/ INR:
The Indian rupee declined in early trade on Monday. It has opened lower by 27 paise at 66.90 per dollar versus 66.63 Friday. The rupee trimmed its initial losses, but was still down by 17 paise to 66.80 per dollar in late morning deals amid persistent demand for the US currency from banks and importers on the back of higher dollar overseas amid weak domestic equities. The Indian rupee resumed sharply lower at 66.90 per dollar against last Friday's closing level of 66.63 per dollar at the Interbank Foreign Exchange (Forex) market. It moved in a range of 66.92 and 66.79 per dollar during morning deals before quoting at 66.80 at 1030 hrs.
USDINR STRATEGY S1 66.58 S2 66.53
Pivot Point 66.75 R1 66.80 R2 66.97
EUROPEAN MARKET:
European markets are lower today with shares in France off the most. The CAC 40 is down 0.49% while Germany's DAX is off 0.25% and London's FTSE 100 is lower by 0.69%.
Name Closing Change
FTSE 100 5871.83 40.16
CAC 40 4312.74 21.02
DAX 9825.07 24.27
ASIAN MARKET:
Asian markets finished broadly lower today with shares in China leading the region. The Shanghai Composite is down 5.33% while Hong Kong's Hang Seng is off 2.76% and Japan's Nikkei 225 is lower by 0.39%.
Name Change % Chg
Nikkei 225 -69.38 -0.39
Straits Times -42.38 -1.56
Hang Seng -565.21 -2.84
Taiwan Weighted -105.55 -1.36
The Indian rupee declined in early trade on Monday. It has opened lower by 27 paise at 66.90 per dollar versus 66.63 Friday. The rupee trimmed its initial losses, but was still down by 17 paise to 66.80 per dollar in late morning deals amid persistent demand for the US currency from banks and importers on the back of higher dollar overseas amid weak domestic equities. The Indian rupee resumed sharply lower at 66.90 per dollar against last Friday's closing level of 66.63 per dollar at the Interbank Foreign Exchange (Forex) market. It moved in a range of 66.92 and 66.79 per dollar during morning deals before quoting at 66.80 at 1030 hrs.
USDINR STRATEGY S1 66.58 S2 66.53
Pivot Point 66.75 R1 66.80 R2 66.97
EUROPEAN MARKET:
European markets are lower today with shares in France off the most. The CAC 40 is down 0.49% while Germany's DAX is off 0.25% and London's FTSE 100 is lower by 0.69%.
Name Closing Change
FTSE 100 5871.83 40.16
CAC 40 4312.74 21.02
DAX 9825.07 24.27
ASIAN MARKET:
Asian markets finished broadly lower today with shares in China leading the region. The Shanghai Composite is down 5.33% while Hong Kong's Hang Seng is off 2.76% and Japan's Nikkei 225 is lower by 0.39%.
Name Change % Chg
Nikkei 225 -69.38 -0.39
Straits Times -42.38 -1.56
Hang Seng -565.21 -2.84
Taiwan Weighted -105.55 -1.36
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