NIFTY FUTURE :
Nifty fell for the second day on Tuesday on account of selling in front line blue chip stocks taking cues from Asian markets. Investors also remained cautious ahead of Index of Industrial Production (IIP) data for December and CPI Inflation data scheduled to be released later in the day. Sensex closed 143.01 points down at 24,682.03, while Nifty settled 53.55 points down at 7,510.30. Asian equity markets ended mostly in red on Tuesday in cautious trading, as oil took another tumble and Chinese stocks seesawed before the release of trade data on Wednesday, which is expected to show further declines in both exports and imports.
Nifty fell for the second day on Tuesday on account of selling in front line blue chip stocks taking cues from Asian markets. Investors also remained cautious ahead of Index of Industrial Production (IIP) data for December and CPI Inflation data scheduled to be released later in the day. Sensex closed 143.01 points down at 24,682.03, while Nifty settled 53.55 points down at 7,510.30. Asian equity markets ended mostly in red on Tuesday in cautious trading, as oil took another tumble and Chinese stocks seesawed before the release of trade data on Wednesday, which is expected to show further declines in both exports and imports.
NIFTY DAILY CHART
Technical views:
Nifty future closed at 7536.95 on Tuesday .Nifty spot have major support of 7550-7500 on daily time frame. And today nifty spot break the level of 7500 but not sustain at that level , nifty may be touché the new level till 7250 in this week.
Pivot point :
Nifty Future R1: 7588 R2: 7643 R3:7687
Pivot:7545 S1: 7490 S2: 7446 S3: 7391
Nifty Future R1: 7588 R2: 7643 R3:7687
Pivot:7545 S1: 7490 S2: 7446 S3: 7391
BANK NIFTY FUTURE:
Bank Nifty closed at 15810.00 on Tuesday with the loss of -225.85 point (-1.41%) . Bank nifty open down at 16125.30 but did not manage the sustain at higher level and during the whole trading session it was trading in downtrend. Bank nifty may be show s reverse trend tomorrow for a short time frame. BANK OF BARODA (-3.31%) and PUNJAB NATIONAL BANK (-3.16.%) is the top losers in bank nifty future.
BANK NIFTY DAILY CHART
Bank Nifty closed at 15810.00 on Tuesday with the loss of -225.85 point (-1.41%) . Bank nifty open down at 16125.30 but did not manage the sustain at higher level and during the whole trading session it was trading in downtrend. Bank nifty may be show s reverse trend tomorrow for a short time frame. BANK OF BARODA (-3.31%) and PUNJAB NATIONAL BANK (-3.16.%) is the top losers in bank nifty future.
BANK NIFTY DAILY CHART
Technical views:
Bank nifty closed at 15810.00on Tuesday . 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.
Bank nifty closed at 15810.00on Tuesday . 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: 16031 R2: 16280 R3:16433
Pivot: 15877 S1: 15630 S2: 15475 S3: 15228
USD/ INR: The rupee surrendered its initial gains and was trading lower by 8 paise to 66.89 per dollar in late morning deals on fresh bouts of demand for the American currency from importers and banks amid volatile domestic equities. The rupee resumed lower at 66.83 per dollar against yesterday's closing level of 66.81 at the Interbank Foreign Exchange (Forex) market. Later, it recovered 11 paise to quote 66.70 on good bouts of dollar selling by banks, it slid again to 66.92 before quoting at 66.89 per dollar at 1030 hrs. The domestic unit moved in a range of 66.92 and 66.70 per dollar during morning deals. Meanwhile, the dollar index was down by 0.12 percent at 98.70 against a basket of six currencies in the early trade.
USDINR STRATEGY S1 66.69 S2 66.59
Pivot Point 66.83 R1 66.93 R2 67.07
EUROPEAN MARKET:
European markets are lower today with shares in France off the most. The CAC 40 is up 1.51% while Germany's DAX is off 1.61% and London's FTSE 100 is lower by 0.97%.
Name Closing Change
FTSE 100 5929 57.41
CAC 40 4378 66.01
DAX 9985 160.36
ASIAN MARKET:
Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.20%, while the Nikkei 225 led the Hang Seng lower. They fell 2.71% and 0.89% respectively.
Name Change % Chg
Nikkei 225 -479.00 -2.78
Straits Times -17.07 -0.63
Hang Seng -176.74 -0.90
Taiwan Weighted -19.97 -0.26
Bank Nifty Future R1: 16031 R2: 16280 R3:16433
Pivot: 15877 S1: 15630 S2: 15475 S3: 15228
USD/ INR: The rupee surrendered its initial gains and was trading lower by 8 paise to 66.89 per dollar in late morning deals on fresh bouts of demand for the American currency from importers and banks amid volatile domestic equities. The rupee resumed lower at 66.83 per dollar against yesterday's closing level of 66.81 at the Interbank Foreign Exchange (Forex) market. Later, it recovered 11 paise to quote 66.70 on good bouts of dollar selling by banks, it slid again to 66.92 before quoting at 66.89 per dollar at 1030 hrs. The domestic unit moved in a range of 66.92 and 66.70 per dollar during morning deals. Meanwhile, the dollar index was down by 0.12 percent at 98.70 against a basket of six currencies in the early trade.
USDINR STRATEGY S1 66.69 S2 66.59
Pivot Point 66.83 R1 66.93 R2 67.07
EUROPEAN MARKET:
European markets are lower today with shares in France off the most. The CAC 40 is up 1.51% while Germany's DAX is off 1.61% and London's FTSE 100 is lower by 0.97%.
Name Closing Change
FTSE 100 5929 57.41
CAC 40 4378 66.01
DAX 9985 160.36
ASIAN MARKET:
Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.20%, while the Nikkei 225 led the Hang Seng lower. They fell 2.71% and 0.89% respectively.
Name Change % Chg
Nikkei 225 -479.00 -2.78
Straits Times -17.07 -0.63
Hang Seng -176.74 -0.90
Taiwan Weighted -19.97 -0.26
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