2nd may , 2017
NIFTY FUTURE
NIFTY DAILY CHART
Nifty took a breather after hitting record highs in the
previous
NIFTYsession
OUTLOOKas participants booked profit amid
choppy trades in the derivatives expiry session .The
Sensex settled at 30029 down 103 points or 0.34%
.
while the Nifty shed just 9 points to end at 9342. The
broader markets ended on a flat note as the BSE
midcap index was up 0.07% while small cap index
settled marginally down 0.02%. The overall market
breadth was marginally in favour of declines with an
A/D ratio of 1:1.18 on the BSE
NIFTY FUTURE : R1:9372
PIVOT : 9357 S1:9337
The Nifty opened on flat note tracking muted global
cues as a long awaited US tax cut plan unveiled by US
president on Wednesday failed to inspire investors.
The index traded choppy in a narrow range of just 45
points thereafter between 9367 and 9322 for the
entire session before finally settling at 9342.
Sectorally, profit booking in FMCG, pharma and metal
space capped the upside while oil & gas, IT and capital
goods indices posted modest gains
R2:9392 R3:9407
S2:9322 S3:9302
 28th April, 2017

NIFTY BANK FUTURE

NIFTY BANK DAILY CHART

NIFTY BANK OUTLOOK

TheNIFTY
Nifty Bank continued to outperform and ended at
OUTLOOK
the highest level for the day. Looking at the overall
setup, we feel the index is well placed to test 22500
on the upside. Buy Nifty Bank in the range of 22200-
S
22250, targets: 22350-22500, stop loss: 22120
The index ended at all-time high levels very much
near the sizeable Call base of 22000. As the index
continued to trade in a discount for the third day in a
row, we feel spreads are likely to get narrow.
However, the overall support for the index has shifted
towards 21700.

BANK NIFTY FUTURE : R1:22356 R2:22427 R3:22521

PIVOT : 22262 S1:22190 S2:22096 S3:22025
 28th April, 2017

USDINR

The Indian rupee soared to a fresh over 20-month high against the dollar, as local shares surged to record,
boosting hopes of further foreign fund inflows amid greater global appetite for risk assets. The rupee ended at
64.12 to a dollar, its highest closing since Aug. 10, 2015 against 64.26 at previous close. The currency rose to an
intra-day high of 63.92 on the back of inflows worth $75-$100 million dollars, likely on behalf of a large
engineering and construction conglomerate, and flows from a masala bond issue of a state-run energy firm.
USDINR is expected to trade with negative bias in todays session. Resistance is at 64.50 and support is at 64.20
mark.
USDINR : R1:64.4717 R2:64.5508 R3:64.6842
PIVOT : 64.3383 S1:64.2592 S2:64.1258 S3:64.0467

GLOBAL MARKETS

EUROPEAN MARKET
NAME CHANGE % CHANGE
FTSE 100 -18.31 -0.26
CAC 40 8.25 0.16
DAX 6.46 0.05

European markets finished lower on Friday with shares in France leading the region. The FTSE 100 is
down 0.06% and France's CAC 40 is down 0.37% while Germany's DAX is up 0.18%.

ASIAN MARKET
NAME CHANGE % CHANGE
NIKKEI 225 -55.13 -0.29
STRAITS TIMES 4.08 0.13
HANG SENG -83.35 -0.34
TAIWAN WEIGHTED 11.38 0.12

Asian markets traded on a positive note.China's Shanghai composite rose 0.20 percent or 6.28 points to
close at 3140.85 and the Hong Kong's Hang Seng was positive by 122.49 points.
 28th April, 2017

ADVANCES / DECLINES RATIO

ADVANCE DECLINE UNCHANGED TOTALS

732 765 87 1584

INDIAN MARKETS

INDEX PREVIOUS OPEN HIGH LOW CLOSE GAIN/LOSS

CLOSE
Nifty 50 9351.85 9359.15 9367.15 9322.65 9342.15 -9.7
Nifty IT 9966.75 9965.05 10045.5 9965.05 10012.35 45.6
Nifty Bank 22242.85 22274.05 22380.85 22169.8 22326.3 83.45
Nifty Infra 3255.2 3251.15 3280.3 3245 3265.05 9.85
Nifty Pharma 10197.2 10225 10226.05 10079.55 10100 -97.2
Nifty PSU Bank 3566.85 3565.95 3573 3521.6 3537.7 -29.15
India VIX 11.74 11.74 11.74 10.36 11.07 -0.67

FII/DII ACTIVITY

BUY SELL OPEN INTEREST AT THE

END OF THE DAY
No. Of Amt. No. Of Amt. No. Of Amt.
Contracts (In. Crores) Contracts (In. Crores) Contracts (In. Crores)
INDEX
FUTURES 94190 6881.61 87131 6294.95 227171 16411.80
INDEX
OPTIONS 788864 61667.47 770773 60345.90 632100 44379.96
STOCK
FUTURES 385833 28160.50 397770 28955.42 944112 64875.69
STOCK
OPTIONS 81419 6695.55 79268 6556.25 2425 149.00
 28th April, 2017

TOP GAINERS VS. TOP LOSERS

NIFTY 50
TOP GAINERS

Company LTP(Rs.) % Change

ONGC 186.05 +3.88
BANKBARODA 187.65 +3.45
SBIN 289.40 +2.61
MARUTI 6511.00 +2.15
HINDALCO 199.00 +2.13

TOP LOSERS

Company LTP(Rs.) % Change

ITC 277.80 -2.80
INFRATEL 356.75 -2.74
HDFC 1537.00 -1.88
YECHM 417.25 -1.81
AMBUJACEM 245.00 -1.80
 28th April, 2017

ERL RESEARCH TEAM

Member Name Designation E-mail ID

Mr. Tuhinanshu Jain Research Head Tuhinanshu.jain@equityresearchlab.co.in
Mr. Yogesh Subnani Sr. Research Analyst Yogesh.subnani@equityresearchlab.co.in

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