24th April, 2017

NIFTY FUTURE

NIFTY DAILY CHART

The Nifty failed to capitalise on a positive start The Nifty has taken support at 9100 and so some
NIFTY by
provided OUTLOOK
firm global cues as it hit an opening positive momentum today.. We believe 9250 will
high of 9183 in opening trades and, thereafter, remain a crucial overhead hurdle for the index .If
Nifty is unable to sustain above 9120 then level
gradually surrendered gains as the session
. on downside is between the 9060-9010. 9180-
progressed. Profit booking pressure intensified 9170 is the next resistance zone for Nifty future.
towards the second half as the index slipped 95
points from the high to an intraday low of 9088
before finally closing off the low at 9119.
Sectorally, metals, FMCG, auto and IT indices
came under pressure while energy and realty shares
outperformed

NIFTY FUTURE : R1:9192 R2:9258 R3:9309

PIVOT : 9141 S1:9075 S2:9024 S3:8958
 24th April, 2017

NIFTY BANK FUTURE

NIFTY BANK DAILY CHART

NIFTY BANK OUTLOOK

NIFTY OUTLOOK A mixed bag of activity in the index was seen with
buying in private sector banks HDFC Bank whereas
HDFC Bank hit a record high of | 1499, up 2.51% after
PSUs continued to fall. Support for the index is near
the private sector lender reported a better-than-
21450 which is also backed buy 21-Days EMA. Buy
Sexpected 18% growth in standalone net profit at |
Nifty Bank in the range of 21480-21530, targets:
3990 crore for the quarter ended March 2017
21650-21750, stop loss: 21410
(Q4FY17)

BANK NIFTY FUTURE : R1:21674 R2:21807 R3:21953

PIVOT : 21527 S1:21394 S2:21248 S3:21115
 24th April, 2017

USDINR

The Indian rupee rose for the first time in three sessions against the dollar, as foreign banks sold the greenback,
likely for corporate clients. Overnight weakness in the greenback following softer-than-expected U.S. economic
data also aided the rupee. The dollar rose against a basket of major currencies on Wednesday, but failed to
recover losses sustained in the previous session as geopolitical events weighed on sentiment while a drop in June
rate hike expectations capped gains. USDINR is expected to trade with positive bias in todays session. Resistance
is at 64.80 and support is at 64.50 mark.

USDINR : R1:64.715 R2:64.8175 R3:64.875

PIVOT : 64.6575 S1:64.5550 S2:64.4975 S3:64.3950

GLOBAL MARKETS

EUROPEAN MARKET
NAME CHANGE % CHANGE
FTSE 100 3.99 0.06
CAC 40 18.71 0.37
DAX 21.25 0.18

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 225 190.26 1.02
STRAITS TIMES 1.95 0.06
HANG SENG 14.96 0.06
TAIWAN WEIGHTED 84.72 0.87

Asian markets traded on a positive note on Friday, following a flat to lower close on Wall
Street.China's Shanghai composite rose 0.03 percent or 1.05 points to close at 3173.15 and the Hong
Kong's Hang Seng was negative by 14.96 points.
 24th April, 2017

ADVANCES / DECLINES RATIO

ADVANCE DECLINE UNCHANGED TOTALS

827 857 80 1764

INDIAN MARKETS

INDEX PREVIOUS OPEN HIGH LOW CLOSE GAIN/LOSS

CLOSE
Nifty 50 9136.4 9179.1 9183.65 9088.75 9119.4 -17
Nifty IT 10039.05 10083.5 10103.8 9978.5 10008.1 -30.95
Nifty Bank 21491.4 21567.5 21614.55 21386.2 21551.45 60.05
Nifty Infra 3187.65 3205.35 3213.2 3181.25 3196.95 9.3
Nifty Pharma 10303.95 10340.95 10340.95 10192.5 10208.5 -95.45
India VIX 11.56 11.56 11.735 10.555 11.4225 -0.1375

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 24372 1777.69 42658 3015.98 303985 21496.98
INDEX
OPTIONS 331739 25671.50 323499 25159.08 988495 69169.31
STOCK
FUTURES 114130 8372.96 114215 8463.74 1162823 78450.00
 24th April, 2017
STOCK
OPTIONS 115621 9345.54 116382 9401.41 104675 7659.30

TOP GAINERS VS. TOP LOSERS

NIFTY 50
TOP GAINERS

Company LTP(Rs.) % Change

INFRATEL 352.95 +2.99
RELIANCE 1405 +2.59
HDFCBANK 1498 +2.50
NTPC 167 +2.02
TECHM 427.45 +1.65

TOP LOSERS

Company LTP(Rs.) % Change

SUNPHARMA 638.50 -2.66
WIPRO 487.50 -2.45
BANKBARODA 175.35 -2.39
ADANIPORTS 326 -1.93
GRASIM 1126 -1.86
 24th 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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