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DERIVATIVE REPORT
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14 December 2016
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Prepared by: Meenakshi Pal
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Sr. Research Analyst
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14th December 2016

NIFTY FUTURE

NIFTY DAILY CHART

After a volatile start, the Indian indices closed on a
positive
note.
Nifty gained 51 points and closed at
NIFTY
OUTLOOK
8,221. Earlier in the day, the Asian Development Bank
slightly lowered its 2016 growth forecast for developing
Asia, reflecting slower-than-expected expansion in
India. The new estimate for India has been adjusted to
7.0% from 7.4% due to weak investment, agricultural
slowdown and the government's recent demonetisation.
.
The
strong Chinese economic data provided the right
impetus to the Asian indices before the end of the day.
On one of the key parameters, Industrial output, China
rose 6.2%, which was higher than earlier projections.
However, the positive burst was cut short by the
anxiousness over the outcome of the US Fed Monetary
Policy, the meeting for which commences today. The
markets widely expect the US central bank to raise
interest rates by 25 basis points. Long positions were
built in the December futures of the Nifty 50, while
open interest in the contract rose 4.2% to 17.19 million.
Apart from the US Central Bank announcement, the
data on CPI -based inflation for November, led to the
development of an uptrend. The India VIX index was
down 1.66%. The BSE Midcap and Smallcap indices
closed at 12222.52, both closing marginally down.
NIFTY FUTURE :

R1:8256

Nifty open up on Tuesday and shown Range

Bound trend over the full trading hours. Nifty
closed below the 8250 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 8250 new level of nifty
would be 8300-8350.

R2:8286

R3:8328

14th December 2016

PIVOT :8214

S1:8185

S2:8142

S3:8113

14th December 2016

NIFTY BANK FUTURE

NIFTY BANK DAILY CHART

NIFTY BANK OUTLOOK
NIFTY
Bank
niftyOUTLOOK
open flat
today and showing
consolidation movement, over the full trading
hours. Bank nifty closed above 18400. below
18200-18000 next level would be 17800-17900.
SBank nifty have major support of 17900-18000 on
daily time frame. AXIS BANK (+1.76%) and
YES BANK (+1.17%) is the top gainers of the
day.

BANK NIFTY FUTURE :

PIVOT :18441

R1:18563
S1:18368

Bank nifty Open flat at 18405.00, to its previous

closing 18422.75 on Tuesday and touched high of
18514.60. Todays bank nifty made a low of
18320.00. Below 18000 next level for bank nifty
would be 17700-17900. Bank nifty can be trade
between the range of 18300-18800 .

R2:18636
S2:18247

R3:18758
S3:18174

14th December 2016

USDINR
The Indian rupee opened marginally lower at 67.47 per dollar on Tuesday versus 67.42 Friday. he crucial
2-day FOMC meeting starts today, with markets expecting a 0.25 percent hike. The dollar index has come
off from recent highs. The US dollar fell against most major currencies on concerns that the Federal
Reserve could suggest in an upcoming policy statement that the greenback's gains had gone too far, while a
rally in oil prices boosted commodity-linked currencies.

USDINR :
PIVOT : 67.55

R1:67.65
S1:67.50

R2:67.70
S2:67.40

R3:67.80
S3:67.35

GLOBAL MARKETS

EUROPEAN MARKET
NAME

CHANGE

% CHANGE

FTSE 100
CAC 40
DAX

78.15
43.10
94.44

1.12
0.90
0.84

European markets finished higher on Tuesday with shares in France leading the region. The CAC 40 is
up 0.90% while London's FTSE 100 is up 1.12% and Germany's DAX is up 0.84%.

ASIAN MARKET
NAME

CHANGE

% CHANGE

NIKKEI 225
STRAITS TIMES
HANG SENG
TAIWAN WEIGHTED

95.49

0.50

3.04
13.68
32.20

0.10
0.06
0.34

Asian markets finished higher today with shares in Japan leading the region. The Nikkei 225 is up
0.50% while China's Shanghai Composite is up 0.07% and Hong Kong's Hang Seng is up 0.06%.

ADVANCES / DECLINES RATIO

ADVANCE

DECLINE

UNCHANGED

TOTALS

780

816

14th December 2016

1696

100

INDIAN MARKETS

Name

Change

% Change

51.00
73.10
-30.35
52.00
-2.00

Nifty 50
Nifty Bank
Nifty Metal
Nifty Pharma
Nifty Realty

Name

Change

0.62
0.40
-1.07
0.47
-1.20

% Change

Open

High

Low

8196.15
18354.10
2858.20
10909.65
169.50

8228.85
18492.85
2862.95
10956.85
169.70

8155.80
18291.35
2813.55
10833.65
166.35

Open

High

Low

182.58

0.68

26607.65

26724.97

26494.23

S&P BSE
Small Cap

-8.11

-0.07

12253.79

12427.79

12300.84

S&P BSE
Midcap

-53.76

-0.44

12415.59

12427.79

12300.84

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)

18450

1171.94

14682

936.25

213392

13538.52

353234

23327.17

355257

23461.87

1055879

66185.69

77631

5066.42

84326

5543.85

885431

54401.29

37587

2633.13

38906

2709.39

80391

5238.69

14th December 2016

TOP GAINERS VS. TOP LOSERS

TOP GAINERS
Company
TATA MOTORS
TECH MAHINDRA
BHARAT PETRO
WIPRO
IDEA

Prev. Close(Rs.)
454.40
469.40
611.85
453.55
75.60

Current Price(Rs.)
470.65
484.55
628.65
463.75
77.05

% Change
+3.58
+3.23
+2.75
+2.25
+1.92

Prev. Close(Rs.)
3462.35
181.95
452.30
127.50
861.75

Current Price(Rs.)
3366.75
176.95
441.80
125.45
850.55

% Change
-2.76
-2.75
-2.32
-1.61
-1.30

TOP LOSERS
Company
ULTRA CEMENTS
HINDALCO
ZEEL
BHEL
GRASIM INDS.

14th 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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