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DERIVATIVE REPORT
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26 September 2016
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Prepared by: Meenakshi Pal
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Sr. Research Analyst
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26th September 2016

NIFTY FUTURE

NIFTY DAILY CHART

NIFTY OUTLOOK
Nifty closed with a loss of 36 points at 8,832.
Nifty opened at 8,881 hitting a high of 8,885 and
low of 8,820. Snapping a two-session long
gaining spree, the Indian equity market closed
on Friday with investors opting for profit taking
in select blue chip counter. A weak opening in the
European counter added pressure to the domestic
market. Todays major decline was led by the
banking, utilites, telecom, power, auto and IT
stocks, while realty, oil & gas, energy and metal
were among the gainers. FM Arun Jaitley, said
that the GST Council will finalise the tax rate and
slabs at its meeting between October 17-19. The
India VIX index was down 0.69% at 13.2475. The
BSE Midcap and Smallcap indices closed in
green. The rupee was trading flat by one paise at
66.66 per US dollar. Axis Bank Ltd dropped 6%
on the NSE. The stock, which is down for a
second straight session, is the worst performer on
Sensex, Nifty and the Nifty Bank indices.
NIFTY FUTURE :
PIVOT :8854

R1:8878
S1:8819

Nifty open flat on Friday and shown range range

movement over the full market hours. Nifty next
support would be 8700-8750.Traders can go short
on a break below 8600. Range bound movement
may be seen in Nifty ,if its maintain the level of
8800 so, up sided movement would be up to
9050-9150.

R2:8913
S2:8795

R3:8937
S3:8760

26th September 2016

NIFTY BANK FUTURE

NIFTY BANK DAILY CHART

NIFTY BANK OUTLOOK
Bank
NIFTY
niftyOUTLOOK
open flat and shown range bound
movement over the full trading session on
Thursday, Bank Nifty upward movement would be
seen above 20000, below 19800 bank nifty
downside level may be 19600-19400. AXIS
BANK (-5.80%) and ICICI BANK (-1.54%) is the
top losers of the day.

NIFTY FUTURE :
PIVOT :20019

R1:20124
S1:19844

Bank nifty opened Flat at 20188.80, to its

previous closing 20162.10 on Friday and touched
high of 20195.00. In Bank nifty bullish trend
seen above the level of 20000-20500. if its
maintain the level, then new level 20800-20900
will be expected. Below 19800 bank nifty
downward movement seen in between the level
of 19600-19400.

R2:20299
S2:19739

R3:20404
S3:19564

26th September 2016

USDINR
The Indian rupee opened lower by 30 paise at 66.96 per dollar on Friday against previous close of 66.66.
US Fed announcement of no hike in funds rates, followed by Janet Yellen's statement had a negative
impact on the dollar Index. This brushed off positively on USD-INR, which held below 67/dollar
throughout yesterday. The dollar fell to its lowest in a week against the euro but recovered some ground
against the yen after Fed hinted at a rise in interest rates this year with cuts in the longer term outlook.
USDINR :
PIVOT : 66.66

R1:66.72
S1:66.60

R2:66.78
S2:66.54

R3:66.84
S3:66.48

GLOBAL MARKETS

EUROPEAN MARKET
NAME

CHANGE

% CHANGE

FTSE 100
CAC 40
DAX

-1.97
-21.13
-47.21

-0.03
-0.47
-0.44

European markets finished lower on Friday with shares in France leading the region. The CAC 40 is
down 0.47% while Germany's DAX is off 0.44% and London's FTSE 100 is lower by 0.03%.

ASIAN MARKET
NAME

CHANGE

% CHANGE

NIKKEI 225
STRAITS TIMES
HANG SANG
TAIWAN WEIGHTED

-53.60

-0.32

10.89
-73.32
49.36

0.38
-0.31
0.53

Asian markets finished lower on Friday with shares in Japan leading the region. The Nikkei 225 is
down 0.32% while Hong Kong's Hang Seng is off 0.31% and China's Shanghai Composite is lower by
0.28%.

ADVANCES / DECLINES RATIO

ADVANCE
616

DECLINE
987

UNCHANGED
82

TOTALS
1685

26th September 2016

INDIAN MARKETS

Name

Change

% Change

-35.90
-207.80
1.45
-45.80
1.65

Nifty 50
Nifty Bank
Nifty Metal
Nifty Pharma
Nifty Realty

Name

Change

-0.41
-1.04
0.06
-0.39
0.78

% Change

Open

High

Low

8880.75
20136.75
2541.05
11884.95
210.05

8885.20
20137.55
2559.55
11895.95
213.50

8820.30
19861.45
2533.65
11770.70
209.25

Open

High

Low

-104.91

-0.37

28810.32

28825.09

28627.38

S&P BSE
Small Cap

9.92

0.08

12972.28

13043.23

12948.71

S&P BSE
Midcap

37.41

0.28

13314.34

13398.71

13303.68

Sensex

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)

30560

2120.35

25315

1734.69

479775

32490.21

482713

34371.40

492401

35005.47

1380752

93829.32

138721

9521.88

144807

9871.27

939039

62910.17

100642

7186.81

103179

7372.05

123415

8680.77

26th September 2016

TOP GAINERS VS. TOP LOSERS

TOP GAINERS
Company
RELIANCE INDS.
HCL TECH
DR.REDDYS
BHARAT PETRO.
TATA CONSUL.

Prev. Close(Rs.)
1088.95
788.85
3149.30
598.80
2378

Current Price(Rs.)
1102.80
797.25
3182.20
604.65
2398.10

% Change
+1.27
+1.06
+1.04
+0.98
+0.85

Prev. Close(Rs.)
591.80
1666.05
1528.65
265.55
856.95

Current Price(Rs.)
557.45
1617.00
1489.45
259.00
841.15

% Change
-5.80
-2.94
-2.56
-2.47
-1.84

TOP LOSERS
Company
AXIS BANK
ACC
LUPIN
AMBUJA CEMENT
AUROPHARMA

26th September 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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