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DERIVATIVE REPORT
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23 November 2016
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Prepared by: Meenakshi Pal
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Sr. Research Analyst
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23rd November 2016

NIFTY FUTURE

NIFTY DAILY CHART


Indian stock market snapped a six-day losing streak
NIFTY
and
gainedOUTLOOK
1% when the day closed. Overall, it was
a volatile day with both indices lacking clear
direction. The only positive is that the indices
closed in green. Sentiments remained cautious over
concern of Indias demonetization move estimated
to pull down gross domestic product growth this
.financial year from last years 7.6%. On the
economy front, Fitch re-affirmed its "negative"
outlook for India's banking sector, saying the
financial standing remained "fragile" without
bigger capital injections and that the government's
action on banknotes could end up having a mixed
impact. Asian markets, Hong Kongs Hang Seng
was up 1.4%, while Shanghai Composite Index
gained 0.66%. Japans Nikkei also gained 0.04%.
Both Nifty and Sensex wavered throughout the day
without indicating any clarity. On the other hand,
NSE Nifty reclaimed its 8,002 spot, up by 73
points. The BSE Mid-cap Index closed at 11,898,
gaining 1.39%, whereas BSE Small-cap Index
closed on a positive note at 11,627 gaining 1.16%.
The INDIA VIX closed -3.31% at 18.4650. The
Rupee is trading marginally down at Rs. 68.19/$.
NIFTY FUTURE :

R1:8039

Nifty open gap up on Tuesday and shown


choppy movement over the full trading hours
.nifty trade below the level of 8000 today .above
the level of 8550 bull trend will be seen in nifty
future. Down side targets for nifty would be
7900-8000. next support level of nifty would be
7850.

R2:8071

R3:8121

23rd November 2016


PIVOT :7989

S1:7957

S2:7907

S3:7875

23rd November 2016

NIFTY BANK FUTURE

NIFTY BANK DAILY CHART


NIFTY BANK OUTLOOK
NIFTY
Bank
niftyOUTLOOK
open gap up today and showing
consolidation movement over the full market
hours. Bank nifty on technical chart break the
Ssupport of 19000, below that level next level for
bank nifty would be 18200-18400. Above the
level of 19300 upside movement can be seen.
YES BANK (+1.72%) and BANK OF BARODA
(+1.30%) is the top gainers of the day.

BANK NIFTY FUTURE :


PIVOT :18524

R1:18698
S1:18398

Bank nifty Open gap up at 18620.15, to its


previous closing 18470.85 on Tuesday and
touched high of 18651.00. bank nifty break the
support of 19000, and made a low of 18470.85. if
bank nifty not sustain at that level ,next level of
bank nifty would be 18000-18200.On the other
hand above 19300 ,new level for Bank nifty
would be 19600-19800.

R2:18824
S2:18225

R3:18997
S3:18099

23rd November 2016

USDINR
The Indian rupee opened marginally higher at 68.13 per dollar on Tuesday versus previous close 68.16.
If equities remain flat today, we expect the rupee to trade in a range of 68.05-68.20/dollar. The dollar
slipped after rising 10 straight days. As investors consolidated gains fueled by the election of a new
republican president who is expected to adopt fiscal policies leading to interest rate increases.

USDINR :
PIVOT : 68.20

R1:68.31
S1:68.13

R2:68.38
S2:68.02

R3:68.49
S3:67.95

GLOBAL MARKETS

EUROPEAN MARKET
NAME

CHANGE

% CHANGE

FTSE 100
CAC 40
DAX

41.76
18.77
28.72

0.61
0.41
0.27

European markets finished higher on Friday with shares in France leading the region. The CAC 40 is up
0.41% while London's FTSE 100 rise 0.61% and Germany's DAX is higher by 0.27%.

ASIAN MARKET
NAME

CHANGE

% CHANGE

NIKKEI 225
STRAITS TIMES
HANG SENG
TAIWAN WEIGHTED

56.92

0.31

5.53
320.29
92.28

0.20
1.41
1.01

Asian markets finished broadly higher today with shares in Hong Kong leading the region. The Hang
Seng is up 1.43% while China's Shanghai Composite is up 0.94% and Japan's Nikkei 225 is up 0.31%.

ADVANCES / DECLINES RATIO

ADVANCE

DECLINE

UNCHANGED

TOTALS

991

621

78

23rd November 2016


1690

INDIAN MARKETS

Name

Change

% Change

73.20
102.25
74.50
51.75
4.60

Nifty 50
Nifty Bank
Nifty Metal
Nifty Pharma
Nifty Realty

Name

Change

0.91
0.55
2.85
0.48
2.90

% Change

Open

High

Low

7989.15
18626.70
2562.40
10725.70
154.60

8019.05
18650.50
2615.65
10736.70
159.75

7938.15
18322.70
2560.40
10624.00
151.50

Open

High

Low

Sensex

195.64

0.75

25928.16

26039.70

25765.51

S&P BSE
Small Cap

132.99

1.14

11525.69

11657.49

11462.87

S&P BSE
Midcap

163.19

1.37

11793.91

11926.99

11728.58

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)

98558

6213.56

92801

5843.01

289747

18186.72

1064364

68690.64

1067871

69007.37

1318151

81654.69

342060

20326.63

319014

18930.10

955400

56533.69

83586

5576.82

82658

5525.39

130150

8162.91

23rd November 2016

TOP GAINERS VS. TOP LOSERS

TOP GAINERS
Company
HINDALCO
ZEEL
MARUTI SUZUKI
ULTRATECH CEM.
BAJAJ AUTO

Prev. Close(Rs.)
157.35
434
4787.45
3322.30
2524.40

Current Price(Rs.)
166.55
449.40
4934.55
3422.75
2599.50

% Change
+5.85
+3.55
+3.07
+3.02
+2.97

Prev. Close(Rs.)
128.90
420.85
1347.90
185.05
154.90

Current Price(Rs.)
124.40
414.55
1329.55
183.75
154.10

% Change
-3.49
-1.50
-1.36
-0.70
-0.52

TOP LOSERS
Company
BHEL
GAIL
L&T
POWER GRID
NTPC

23rd November 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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