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DERIVATIVE REPORT
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08 December 2016
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Prepared by: Meenakshi Pal
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Sr. Research Analyst
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08th December 2016

NIFTY FUTURE

NIFTY DAILY CHART

Sensex and Nifty erased gains as RBI Monetary
NIFTY OUTLOOK
Policy Committee left the repo rate unchanged at
6.25%. Industry was expecting at least 25 basis point
cut. Although Nifty dropped below 8100 points,
Nifty was gaining back some confidence. Sensex
also gained back after a dip. The announcement of
the RBI Monetary Policy wherein the committee
decided
.
to keep the repo rate unchanged, has
impacted price sensitive sectors including Auto and
Realty. Nifty dropped 41 points and closed at 8,102.
The India VIX index was down 1.52% at 16.8450.
The BSE Midcap and Smallcap indices both indices
ending marginally down. The rupee was trading at
67.86 per US dollar. On the global front, most Asian
indices closed in green and marginally up. In Europe,
the FTSE 100 was up 1.25%. CAC 40 and DAX was
up 0.90% and 1.33% respectively while, the US
Nasdaq was also up 0.45%. European indices open
on a positive note ahead of the ECB policy primarily
as traders expected the central bank to extend the
duration of its bond-buying programme. The ECB
will commence its two-day policy meeting on
Thursday, with the policy statement to be detailed on
Friday.
NIFTY FUTURE :

R1:8196

Nifty open up on Wednesday and shown Range

Bound trend over the full trading hours. Nifty
closed below the 8200 today. 8130 -8100 is the
support of nifty if its break that level down side
pressure will be seen. Nifty may be taste the level
of 7900-7950. Above 8200 new level of nifty
would be 8300-8350.

R2:8269

R3:8320

08th December 2016

PIVOT :8145

S1:8072

S2:8021

S3:7948

08th December 2016

NIFTY BANK FUTURE

NIFTY BANK DAILY CHART

NIFTY BANK OUTLOOK
NIFTY
OUTLOOK
Nifty
Bank
index witnessed a downtrend
primarily due to the RBI announcement of
withdrawal of incremental Cash Reserve Ratio
imposed on bank's deposits in late November to
Sbe withdrawn from December 10. Kotak Bank,
Federal Bank, IndusInd bank, HDFC Bank, ICICI
Bank, SBI, Canara Bank were all trading in red,
while Yes Bank was the only bank trading in
green on Nifty bank index. Bank nifty open up
today and showing consolidation movement, till
RBI policy come. No change in repo rate
influenced market downward till 17980 first time
after July 2016/. Bank nifty closed above 18200.
Bank nifty need to be maintain the level of 18200
, below 18200-18000 next level would be 1780017900. BANK OF BARODA (-2.96%) and AXIS
BANK (-1.94%) is the top losers of the day.
BANK NIFTY FUTURE :
PIVOT :18295

R1:18610
S1:17945

Bank nifty Open Up at 18560.00, to its previous

closing 18475.20 on Wednesday and touched high
of 18645.00. Todays bank nifty made a low of
17980 due to RBI Policy. Below 18000 next level
for bank nifty would be 17700-17900. Above
18200 further upside movement can be seen.

R2:18960
S2:17630

R3:19275
S3:17280

08th December 2016

USDINR
The Indian rupee opened marginally higher at 67.84 per dollar on Wednesday versus previous close
67.90. The rupee gained considerably against the USD yesterday on account of dollar selling by exporters
and custodial banks. A deeper than expected rate cut may take the rupee lower today. In case the RBI
policy meets street expectations, the rupee will trade in a range of 67.75-68.15/dollar The euro held
slightly below three week highs against the US dollar as investors waited on tomorrow's highly
anticipated European Central Bank meeting. The dollar index rises after dropping to its lowest levels
since November 15.
USDINR :
PIVOT : 67.86

R1:67.98
S1:67.64

R2:68.20
S2:67.52

R3:68.32
S3:67.30

GLOBAL MARKETS

EUROPEAN MARKET
NAME

CHANGE

% CHANGE

FTSE 100
CAC 40
DAX

122.39
62.78
211.37

1.77
1.34
1.92

European markets finished higher yesterday with shares in France leading the region. The CAC 40 rise
1.34% while London's FTSE 100 is higher by 1.77% and Germany's DAX is higher by 1.92%.

ASIAN MARKET
NAME

CHANGE

% CHANGE

NIKKEI 225
STRAITS TIMES
HANG SENG
TAIWAN WEIGHTED

136.15

0.74

10.72
125.77
13.12

0.36
0.55
0.14

Asian markets finished higher today with shares in Japan leading the region. The Nikkei 225 is up
0.74% while China's Shanghai Composite is up 0.71% and Hong Kong's Hang Seng is up 0.55%.

ADVANCES / DECLINES RATIO

ADVANCE

DECLINE

UNCHANGED

TOTALS

564

1038

08th December 2016

1679

77

INDIAN MARKETS

Name

Change

% Change

-41.10
-186.75
5.20
-237.20
-2.00

Nifty 50
Nifty Bank
Nifty Metal
Nifty Pharma
Nifty Realty

Name

Change

-0.51
-1.02
0.19
-2.19
-1.22

% Change

Open

High

Low

8168.40
18515.50
2792.05
11065.25
166.45

8190.45
18588.75
2802.35
11068.55
168.40

8077.50
17952.60
2761.25
10804.90
163.45

Open

High

Low

Sensex

-155.89

-0.59

26456.21

26540.83

26164.82

S&P BSE
Small Cap

-62.34

-0.52

12188.68

12224.25

12085.27

S&P BSE
Midcap

-19.80

-0.16

12366.73

12404.40

12258.77

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)

27748

1786.21

24359

1574.52

185215

11630.29

615575

40176.93

607208

39673.69

1011195

62404.06

87209

5617.39

93733

5965.58

858883

52261.81

46666

3209.56

47391

3260.28

68396

4372.82

08th December 2016

TOP GAINERS VS. TOP LOSERS

TOP GAINERS
Company
EICHER MOTORS
BHARAT PETRO.
ADANIPORTS
HDFC
IDEA

Prev. Close(Rs.)
22457.50
612.95
271.90
1243.40
74.40

Current Price(Rs.)
23382.00
632.15
277.40
1264.95
75.45

% Change
+4.12
+3.13
+2.02
+1.73
+1.41

Prev. Close(Rs.)
706.15
162.30
465.45
455.95
418.45

Current Price(Rs.)
664.00
157.50
455.60
447.10
411.90

% Change
-5.97
-2.96
-2.12
-1.94
-1.57

TOP LOSERS
Company
SUN PHARMA
BANK BARODA
TECH MAHINDRA
AXIS BANK
TATA STEEL

08th December 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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