Equity Tips
NIFTY FUTURE
Sensex closed 129.21 points up at 26,843.14, while Nifty 50 index settled 39 points up at 8,218.95. Nifty settled above 8,200 for the first time since October 2015.
Nifty pared their initial losses in the last hour of trade on Thursday on account of buying in metals and mining, IT and oil & gas stocks stocks. Rupee on Thursday recovered by 9 paise to
67.36 against the dollar in early trade on fresh selling of the American currency by exporters.
NIFTY DAILY CHART
Technical views:
Nifty future closed at 8243.25 on Thursday. Nifty today trade above the range of 8200 and made a high of 8254.00 .nifty may be taste the new level of 8200-8500 in
the month of June.
Pivot Point :
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Nifty Future
R1: 8277
R2: 8312
R3:8370
Pivot:8219
S1: 8185
S2: 8126
S3:8092
BANK NIFTY FUTURE
Bank nifty open flat in the morning trading session. And shown consolidation movement trend over the full market hour’s and closed at 17573.65. Bank nifty showing
consolidation phase on daily chart ,bank nifty may be trade in the range of 17500-17800 in next contract. YES BANK (+3.06%) and AXIS BANK (+2.42%) is the top gainers in bank nifty
future.
BANK NIFTY DAILY CHART
Technical views:
Bank nifty Open flat at 174000, to its previous closing 17419.70 on Thursday and touched high of 17603.55. Bank nifty technically break the 17500 level above that
level if its manage or sustain above the level of 17000 than new high 17800-18200 might be seen.
Pivot level:
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Bank Nifty
Future
R1: 17673
R2: 17773
R3:17943
Pivot: 17503
S1: 17403
S2: 17234
S3:17134
USD/ INR:
The Indian rupee opened marginally higher at 67.42 per dollar on Thursday versus 67.45 Wednesday. Uncertainty over the second term to RBI governor resulted in weak
rupee and bonds. However, the rupee weakness is expected to be capped today by exporter selling. The US dollar hit its lowest level in two weeks against the yen after Japan delayed a sales tax
hike for longer than expected, raising concerns about the lack of Japanese monetary stimulus to halt the yen's rise. Also the latest economic readings in US, weren't strong enough for the Fed to
justify tightening monetary policy again, traders are now watching out for the May jobs data.
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