11th April, 2017

NIFTY FUTURE

NIFTY DAILY CHART

The Nifty opened on a positive note on the back of The Nifty has signalled a pause in the uptrend
mixed
NIFTY global cues but failed to capitalise on the same.
OUTLOOK after hesitating near the earmarked target and key
The index then gradually descended lower as the overhead hurdle placed around 9250 region. The
session progressed, thereby breaking below last weeks Nifty has given proper follow up after respected
. the trendline last week which was placed at 9020
lows (9188) to settle near the lowest point of the day
and witnessed a rebound from there. We believe
(9181). The index ended below last weeks Shooting
9250 will remain a crucial overhead hurdle for the
star candle indicating extension of profit booking while index .If Nifty is unable to sustain above 9180
last weeks bullish gap (9170) is held on a closing basis. then level on upside is between the 9270-9300.
In the coming session, it would be crucial for the Nifty 9180-9170 is the next resistance zone for Nifty
to hold the gap area (9170) and strengthen above the future.
previous sessions high of 9225 to open up any positive
options. Failure to do so, will lead to continuance of
the profit booking trend

NIFTY FUTURE : R1:9240.43 R2:9271.52 R3:9325.82

PIVOT : 9217.22 S1:9186.13 S2:9162.92 S3:9108.62
 11th April, 2017

NIFTY BANK FUTURE

NIFTY BANK DAILY CHART

NIFTY BANK OUTLOOK

YesNIFTY
Bank isOUTLOOK
among the top gainer of the day.
Nifty Bank index continued outperforming on the
back of short covering. Looking at the open
Sinterest, the up swing in PSU and midcap banks is
likely to continue with a strong support near
21300.
Bank nifty open at 21355 to its previous closing at
21442 on Monday. Bank Nifty has faced
resistance at trendline which is place at 21700.
Bank Nifty need to sustain above 21300 to trade
higher.

BANK NIFTY FUTURE : R1:9197 R2:9218.66 R3:9229.33

PIVOT : 21360 S1:9165.33 S2:9154.66 S3:9133.33
 11th April, 2017

USDINR

The Indian rupee was little changed against the dollar, as greenback purchases by state-run lenders likely on
behalf of the central bank and importers offset gains arising from strong local shares. India is implementing the
General Anti-Avoidance Rule, or GAAR, from the next financial year that starts Apr. 1. Investors have beenwary of
the proposed legislation - first tabled in 2012-13 federal budget - that gives authorities the right to examine and
tax transactions if they believe those deals were structured solely to evade tax payments. USDINR is expected to
trade with negative bias in todays session. Resistance is at 65.10 and support is at 64.80 mark.

USDINR : R1:65.1585 R2:65.2640 R3:65.3710

PIVOT : 65.0515 S1:64.9460 S2:64.8390 S3:64.7335

GLOBAL MARKETS

EUROPEAN MARKET
NAME CHANGE % CHANGE
FTSE 100 0.43 0.01
CAC 40 27.83 0.54
DAX 24.54 0.20

European markets finished lower on Monday with shares in France leading the region. The FTSE 100 is
down 0.01% and France's CAC 40 is down 0.54% while Germany's DAX is down 0.20%.

ASIAN MARKET
NAME CHANGE % CHANGE
NIKKEI 225 133.25 0.71
STRAITS TIMES 4.18 0.13
HANG SENG 5.12 0.02
TAIWAN WEIGHTED 9.17 0.09

Asian markets traded positive on monday, following a flat to lower close on Wall Street, in a light
regional data day. China's Shanghai composite fell 0.50 percent or 16.50 points to close at 3270 and the
Hong Kong's Hang Seng was negative by 5.12 points.
 11th April, 2017

ADVANCES / DECLINES RATIO

ADVANCE DECLINE UNCHANGED TOTALS

998 681 95 1774

INDIAN MARKETS

INDEX PREVIOUS OPEN HIGH LOW CLOSE GAIN/LOSS

CLOSE
Nifty 50 9198.3 9225.6 9225.65 9174.85 9181.45 -16.85
Nifty IT 10485.75 10511.6 10542.7 10304.95 10338.15 -147.6
Nifty Bank 21431.15 21492.05 21552.1 21396.05 21520.15 89
Nifty Infra 3190.7 3202.05 3214.55 3177.65 3189.55 -1.15
Nifty Pharma 10285.8 10317.05 10335.6 10275.15 10315.8 30

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 7271 536.99 14718 1048.05 315051 22443.23
INDEX
OPTIONS 283308 21435.56 275239 20898.53 843615 59162.43
STOCK
FUTURES 84708 6190.24 75334 5402.17 1183157 80489.37
STOCK
OPTIONS 65123 4960.13 64397 4905.69 72553 5412.79
 11th April, 2017

TOP GAINERS VS. TOP LOSERS

TOP GAINERS

Company LTP(Rs.) % Change

IOC 411.45 +3.55
BPCL 697.05 +3.21
GRASIM 1090.25 +3.14
YESBANK 1603.00 +2.98
INFRATEL 356.00 +2.42

TOP LOSERS

Company LTP(Rs.) % Change

INFY 951.05 -3.11
ASIAN PAINT 1059.00 -2.21
IBULHSGFIN 935.85 -2.09
HCLTECH 833.25 -1.89
WIPRO 503.85 -1.57
 11th 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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