Derivative Daily

NIFTY-TECHNICAL OUTLOOK
Today the markets are likely to open with flat the
back of mixed global cues. All Emerging markets are trading flat. Pivot points for Nifty based on 60 minute chart are P=4079 R1=4119 R2=4154 S1=4044 S2=4004. The coming session is likely to witness a range of 4000 on declines and 4150 on advances.

WORLD MARKET COMMENTARY
Yesterday all leading American indices like Dow Jones
Industrial Average, NASDAQ index and the S&P 500 (SPX)
were flat. Dow gained by 0.06% and closed at 8183; S&P 500 up by 0.35% and closed at 883. European indices ended in green with in FTSE up by 0.45%, DAX gained by 1.26% & CAC 40 up by 0.54% Today major stock markets in Asia are trading in red. The Shanghai Composite is trading down by 0.16% at 3118; Hang Seng is down by 0.04% at 17784. However Japan’s Nikkei is down by 0.04% at 9287 and Singapore’s Straits Times is down by 0.03% at 2307.

Singapore Nifty future is currently is down by 9 point at 4066.