Weekly Bank Nifty Futures Strategy 8 November 2014

Bank nifty future ended with fresh all time closing high for second consecutive week after Bank of Japan surprise expansion of its massive stimulus program raised hopes for additional foreign inflows. Last week bank nifty closed at 17,146 with a high of 17,187 with percentage change of 4.02%. For this week bank nifty is having the resistance of 17400 and above this level next resistance of 17650 and in down side having the support of 17000 and next support of 16800.

BULLISH TREND BUY on dips till market closes below the level of 16550.
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Weekly Nifty Futures Strategy 8 November 2014

Nifty future ended with gains for second consecutive week and ended with all time closing high after Bank of Japan surprise expansion of its massive stimulus program raised hopes for additional foreign inflows. Nifty future closed at 8,352.70 with a high of 8,358.30 with percentage change of 4.10%. Open interest addition was seen in 8300/8200 calls and 8000/7900 puts. Maximum OI concentration is placed at 8300 call indicating resistance for nifty and maximum OI is placed at 8000 put indicating support for market. For this week Nifty future is having the major resistance of 8480 and above this level having the next resistance of 8600 and in down side first support of 8220 and below this level next support of 8080.

 

BULLISH TREND BUY on dips till market closes below the level of 7750.
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News Of Nifty Top Gainers 7 November 2014

Today Nifty top gainers is DLF, Zee Entertainment, Dr. Reddy, Lupin, Sun Pharma.

DLF- DLF opened at 131.00 and closed at 134.50 move up to 8.00 point with 6.31 percentage. DLF total turnover is 21,414.84 lacs.

Zee Entertainment- Zee Entertainment opened at 358.20 and closed at 371.90 move up to 18.30 point with 5.16 percentage. Zee Entertainment total turnover is 15,829.91 lacs.

Dr. Reddy- Dr. Reddy opened at 3275.00 and closed at 3397.15 move up to 142.95 point with 4.40 percentage. Dr. Reddy total turnover is 27824.32 lacs.

Lupin- Lupin opened at 1388.25 and closed at 1419.35 move up to 43.95 point with 3.18 percentage. Lupin total turnover is 10,525.28 lacs.

Sun Pharma- Sun Pharma opened at 852.00 and closed at 894.30 move up to 23.50 point with 2.70 percentage. Sun Pharma total turnover is 32,194.27 lacs.

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Nifty Sensex Closed Flat On 7 November 2014

In Friday, Equity benchmarks closed marginally lower amid consolidation on Friday, weighed down by capital goods, metals, auto and index heavyweights like Reliance and ITC. Nifty declined 1.30 point at 8337.00 and Sensex declined 47.25 point at 27868.63 value. In 50 shares index, About 22 shares have advanced, 27 shares have declined and 1 shares have unchanged.

DLF move up to 6.31, Zee Entertainment move up to 5.16 and Dr Reddy move up to 4.40 percent while BHEL, Hero Motocorp, GAIL laggards as 2 to 3 percent.

Top gainers is DLF, Zee Entertainment, Dr. Reddy's, Lupin, Sun Pharma, Axis Bank, BPCL.

Top losers is BHEL, Hero Motocorp, GAIL, Asian Paint, SSLT, SBI, Tata Steel.

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