Reliance Securities
Published on 29/06/2017 11:07:57 AM

  Derivatives Snapshot

* Nifty traded in an inside range withholding the support levels and saw strong rollover across sectors and stocks. Nifty closed down by 20 points at 9,491 levels. Among the nifty stocks 28 stocks advanced and 23 declined during the day.

* Sectorally it was a mixed bag with Metals, Realty and IT services to gain by 1.6%, 0.8% and 0.6% respectively while Media and FMCG declined by 0.8% for the day. f Broader market indices remained flat with NIFTY 100,200 and 500 to close down by 0.1% average while midcap indices and small cap indices gained by 0.5% and 0.4% respectively.

* Nifty June futures ends with 5 points premium at 9,496 mark, while on other hand, Bank Nifty June futures ended with the premium of 4 points at 23,240 mark.

* Nifty has ended near the previous expiry close as well as near the months low, we believe there could be sharp bout of volatility,  on the higher side it would face resistance near 9,580 levels while strong support exists at 9450. Among sectors PSU banks and  Pharma would be key to watch from current levels.

Sectoral Activity: Amongst sectoral index, Metals and Aviation remained in focus with positive momentum.

Stock Activity: Jsw Steel and Indigo observed build up in long position.

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SEBI registration No. INH000002384

Reliance Securities
Published on 29/06/2017 10:54:59 AM

NSE-NIFTY OUTLOOK

* NSE-NIFTY remained sideways in absence of major headlines in the market and mixed global cues and finally, closed below 9,500 mark for the first time since 25th May, 2017. Though, we believe that NIFTY will remain in pressure till the time it settles below the shortterm moving average 20-day EMA (placed around 9,577 mark), some rebound/volatility cannot be ruled out as its F&O expiry day and key technical indicators reached to their oversold zone. On the higher side, major hurdle is observed around its life-time-high of 9,710 mark. However, in case of any decline, NIFTY will find support at around 9,400 and then at 9,300 levels.

* As for the day, support is placed at around 9,430 and then at 9,340 levels, while resistance is observed at 9,590 and then around at 9,650 levels

Please refer disclaimer at http://www.rsec.co.in/disclaimer
SEBI registration No. INH000002384

GEPL Capital
Published on 29/06/2017 9:37:30 AM

Key Highlights:

NIFTY gives back the bounce back GAINS, as it closes below the psychological 9500 mark. 9560-9700 stands as immediate SUPPLY zone.….

*  The NIFTY opened @ 9520.20, marginally UP by just 9 points over Tuesday. The market seemed quiet somber ahead of the expiry, as NIFTY gave back the GAINS within minutes of actual opening. The NIFTY tested the LOWS of the week, yet the momentum was altogether lacking. In the process the NIFTY moved DOWN by 20.15 points or 0.21% to close below the psychological 9500 mark @ 9491.25.

* The broader indices for a changed outperformed the benchmark NIFTY by a bit. While the NIFTY MID100 FREE closed UP by 0.41% to close @ 17526.90; the NIFTY SML100 FREE closed UP by around 0.40% to close @ 7219.60. The broader move too stood slightly in favor of the BULLSS with 926 advances to 762 declines, a precursor to the bounce back. The INDIA VIX moved DOWN by around 4.33% to close a shade short of the 12 mark.

* The sectoral & thematic indices traded in a MIXED rainbow. On the BULL side NIFTY METALS & NIFTY REALTY held fort, while on the BEAR track; the NIFTY ENERGY & NIFTY FMCG moved DOWN by around a percent a piece.

* The NIFTY balance is clearly favoring the BEARS, while the EXPIRY compulsions point to a SIDEWAYS tranche till EXPIRY. On the daily chart, Index broke its last two weeks low @ 9560 and has formed a real black body candle. In addition, momentum oscillator i.e. RSI has broken 50 levels for the first time this year. All in all, Index is expected to stay under pressure and could lead to retest 9450 levels which is a confluence zone formed by (i) 50DMA, (ii) Rising trend line and (iii) 61.8 retracement level of near-term rise (9341 - 9709). A clear break below 9450 level would indicate that Index has moved into medium term bearish phase (with an immediate downside of 9280 levels).On the flip side, previous support zone around 9560 will now act as a resistance zone

SEBI Registration number is INH000000081.
Please refer disclaimer at www.geplcapital.com/Disclaimer.aspx

Mehta Equities
Published on 29/06/2017 9:19:34 AM

Stocks in action for the day: Mindtree, RCF, GodrejInd, L&T, AmtekAuto, FortisHealt, Tinplate, PiramalEnt.

INR/1USD: 64.5288

SGX Nifty: 9527(+25)

Please refer disclaimer at www.mehtagroup.in/MehtaGrp.aspx
 

Achiievers Equites Ltd
Published on 29/06/2017 9:17:46 AM

DAILY LEVELS     

NIFTY FUT     

R: 9522 - 9549 - 9574

S: 9470 - 9445 - 9418

BANK NIFTY FUT     

R: 23335 - 23431 - 23565

S: 23106 - 22971 - 22876

Please refer disclaimer at www.achiieversequitiesltd.com/Disclaimer.aspx

Religare Securities Limited
Published on 29/06/2017 8:54:14 AM

Nifty Outlook

Markets settled marginally lower in a range bound session, continuing its corrective phase. Meanwhile, traders kept themselves busy in rollover and unwinding of their derivatives positions. Mostly sectoral indices traded in line with the benchmark and closed on flat note. In short, it was a dull session in absence of any fresh trigger.

We expect volatility to remain high, due to scheduled F&O expiry and GST implementation ahead. Traders are already struggling and we feel the upcoming events will further add to their worries. We reiterate our view to keep leveraged positions hedged and avoid highly volatile counters for day trade.

 

Please refer disclaimer at  http://old.religareonline.com/research/Disclaimer/Disclaimer_RSL.html


 

IIFL Wealth Management Ltd
Published on 28/06/2017 11:31:17 AM

Options Strategy: Nifty- Low Volatility trade to continue on index

Nifty short straddle strategy on June expiry, have met our target spread of 80 points. ~Approx. 85 points captured on the strategy as given selling options with inflow of 164 points on June 13th, 2017. 

Nifty consolidated in narrow range during the month finally breaking below key levels of 9,550 on downside. Going forward we expect 9480 to provide immediate support zone for the week and June series expiry likely to be in range of 9,500 to 9,560. 

 

IIFL Wealth Management Ltd
Published on 28/06/2017 11:31:17 AM

Options Strategy: Nifty- Low Volatility trade to continue on index

Nifty short straddle strategy on June expiry, have met our target spread of 80 points. ~Approx. 85 points captured on the strategy as given selling options with inflow of 164 points on June 13th, 2017. 

Nifty consolidated in narrow range during the month finally breaking below key levels of 9,550 on downside. Going forward we expect 9480 to provide immediate support zone for the week and June series expiry likely to be in range of 9,500 to 9,560. 

 

Tradebulls Securities (P) Ltd
Published on 28/06/2017 9:55:04 AM

 Nifty

Nifty commenced the week on a negative note as the selling pressure continued for the 3rd consecutive session. On the daily scale the Belt Hold formation augurs a key bar for the upcoming expiry. A breach above 9650 its high would reverse the trend & serves as a key trigger for the coming sessions.

 Please refer disclaimer at  Disclaimer https://www.tradebulls.in/Static/Disclaimer.aspx

Mehta Equities
Published on 28/06/2017 9:46:40 AM

 Stocks in action for the day: ONGC, Hero Motocorp, Country Club, Arrow Green, Coal India, ABG,  ABG Shipyard, Raymond

INR/1USD: 64.45

SGXNifty: 9501(-15)

Please refer disclaimer at www.mehtagroup.in/MehtaGrp.aspx