See Nifty Futures Open at 8675

Indian Market Outlook: 

Nifty after a gap up opening yesterday, saw profit booking. Nifty August Futures is unable to breach
8750 and profit booking is witnessed from these levels since past few trading sessions. Market heavyweights like banks and Reliance Industries have been underperforming since past few trading sessions. Small Cap Index also witnessed profit booking from its all time high of 6172 to below its two days low of 6073 and made a low of 6039 before closing at 6089. FIIs are still net buyers in the Index Futures and the cash segment. This fall should be considered as a buying opportunity with three day low of Nifty at 8619 which will act as an strong support. 

However, for the next big up move spot nifty has to sustain above 8650 for a trading session.

Top five gainers were HSL Tech, TCS, Tata Steel, Hindalco Industries and Grasim Industries.  

Nifty Futures is expected to open at 8675 as per SGX Nifty at 8:30 am IST, which is 7 points below its previous close of 8682. 

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www.capitalheight.com/freetrial.php 

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Nifty 50 August Futures

Nifty 50 August Futures (8,686) 

The August month Nifty Index futures started the session on a marginally positive note at 8,708, up slightly from its previous close at 8,701. After recording an intraday high at 8,744.7, the contract began to decline, experiencing selling pressure. The contract has breached a key immediate support at 8,700 and registered an intraday low at 8,668.  

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www.capitalheight.com/freetrial.php  

Give a Missed Call at 989-33-582-33

Currently, the contract trades at around 8,686 levels, which is still at a 40 points premium to the Nifty 50 Index, which is trading at 8,646. Traders with a short-term perspective should tread with caution as long as the contract trades above 8,670. An emphatic fall below this level can strengthen the bearish momentum and pull the contract down to 8,650 and then to 8,630 levels. In that case traders can initiate fresh short positions while maintaining a stop-loss at 8,680 levels.  

On the other hand, a strong rally beyond 8,700 will reinforce the uptrend and push the contract higher to 8,725 and then to 8,745 levels.

Nifty Future Trading Tips Today And Trends by Capitalheight

MUMBAI: National Stock Exchange (NSE) today rebranded two of its indices - Nifty Midcap 100 and Nifty Smallcap 100 - which will be effective from the next fiscal.

The bourse said the indices will be known as Nifty Free Float Midcap 100 and Nifty Free Float Smallcap 100 from April 1, 2016.

The five new indices - Nifty Midcap 150, Nifty Smallcap 250, Nifty Full Midcap 100, Nifty Smallcap 50, Nifty Full Smallcap 100 - would be published from the next financial year (April 1, 2016). 

CH GOOD MORNING NIFTY TREND: CONSOLIDATE NIFTY SPOT LEVELS SUPP 1: 7556 SUPP 2: 7450 RES 1: 7740 RES 2: 7870 CH BANK NIFTY TREND -CONSOLIDATE BANK NIFTY FUTURE LEVELS SUPP 1: 15540 SUPP 2: 15220 RES 1: 15990 RES 2: 16230 CH WORLD MARKET ALERT HANG SENG -4 NIKKEI -24 SHANGHAI 0 DOWJONES 19 NASDAQ -4 SGX NIFTY -7.

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Nifty Support & Resistance level Today

Technical Outlook:
Nifty Trend: Bullish
Nifty Spot Levels
Supp 1: 7325; Supp 2: 7240
Res 1: 7420; Res 2: 7490
Bank Nifty Trend: Bullish
Bank Nifty Future Levels
Supp 1: 14850; Supp 2: 14480
Res 1: 15360; Res 2: 15780
CH OPENING BELL:
Nifty Future Up  41 @7401
Bank Nifty Future Up  60@15184
Sensex Up  140@24383
INR 67.41

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INDIAN MARKET OVERVIEW
Bumper rally continued for third consecutive session Thursday, taking the Nifty to one-month closing high on value buying post Union Budget. Nifty future up 88 points at 7449.
The 30-share BSE Sensex up by 364 points at 24606. The market breadth was strong as about 1717 shares advanced against 922 declining shares on the BSE.
Yes Bank acquired 5,00,750 equity shares of Institutional Investor Advisory Services (IiAS) from BSE Limited which is equivalent to 5.006 percent of the paid-up capital of the company.

GLOBAL MARKET OVERVIEW
Asian shares were trying to string together three sessions of gains on Thursday as upbeat data on US jobs and gains for a range of commodities whetted risk appetites globally.
Energy and bank stocks led Wall Street higher on Wednesday, adding to a rally in the previous session, after strong jobs data dispelled concerns over the health of the US economy.
The Dow Jones industrial average rose 34.24 points to 16899, the S&P 500 gained 8.1 points to 1986 and the Nasdaq Composite added 13.83 points to 4703.

Bank Nifty Technical Overview @ Live Market Update

Sensex, Nifty open flat; HUL, Maruti, Bharti early laggards Cipla, BHEL, Sun Pharma, Tata Motors and NTPC are top gainers while HUL, Maruti, Bharti, ITC and Hero are losers in the Sensex.

Bank Nifty Technical Overview:

Bank Nifty futures opened with flat note and witnessed consolidated movement for most part of the day but closed with positive note by end of the day. It closed near 200 days EMA in 15 min chart. If it sustain above 14350 and break 14420 then upside movement is expected.

Nifty Technical Overview:

Nifty futures opened with flat note and witnessed consolidated movement for most part of the day but closed with positive note by end of the day. It closed above the 200 days EMA in 15 min chart and sustained above it so it is expected to go upside in upcoming session.

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INDIAN MARKET OVERVIEW

It was a consolidation session for the market on Friday but the week was strong as equity benchmarks saw biggest weekly gains in 2016 on short covering and globally rally & oil recovery. Nifty future up 21 points at 7212.

The 30-share BSE Sensex up by 59 points at 23709. The market breadth was strong as about 1271 shares advanced against 1234 declining shares on the BSE.

Tata Steel is planning to undergo a massive consolidation and debt reduction drive to bring it down by 10-15 percent by CY16-end. The company is currently sitting on a debt of Rs 77500 crore.

In aviation, SpiceJet surged 4 percent after it recorded highest passenger load factor (92.1 percent for January) among all airlines in India.

Bank Nifty Support & Resistance Levels for 01-Jan-2016

BANK NIFTY TREND -CONSOLIDATE

BANK NIFTY FUTURE LEVELS 

SUPP 1: 16630 

SUPP 2: 16450

RES 1: 17170

RES 2: 17380

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Nifty Technical Overview:

Nifty futures opened around 7900 level and consolidated in morning session at the level, which acted as major support and bounced in later part of the day on expiry. On Friday if it sustain above 7930 and break 7960 then it can test the level of 8000 by the end of the session.

Bank Nifty Technical Overview:

Bank Nifty futures opened on flat note and witnessed consolidated movement for the entire day in the range of 16950-16900. Tomorrow it is expected to trade in range of major resistance of 17000 and major support level with 200 days EMA’s support of in 15 chart of 16940.

INDIAN MARKET OVERVIEW
Equity benchmarks ended last day of the year 2015 on a positive note despite tepid global cues amid thin volumes. Nifty future down 30 points at 7901.
The 30-share BSE Sense up 157 points at 26117. The market breadth was strong as about 1452 shares advanced against 1192 declining shares on the BSE.
Shares of Cadila Healthcare crashed 16.7 percent intraday to hit a 52-week low of Rs 320.45 on Thursday, reacting to a warning letter from the US health regulator for two Gujarat units.

GLOBAL MARKET OVERVIEW
Asian markets traded flat on Thursday, the final trading session of 2015.
The ASX 200 index was up 0.08 percent at 5,324 with both energy and materials sectors in the red.
Major US indexes closed in the red, with the Dow Jones Industrial Average down 117 points at 17604. The S&P 500 finished 0.72 percent lower at 2063 while the Nasdaq Composite index shed 0.82 percent to close at 5066.