Derivative Research

NIFTY-TECHNICAL OUTLOOK
Today the markets are likely to open with flat note on back of
mixed global cues. All Emerging markets are trading mixed. Pivot points for Nifty based on 60 minute chart are P=4461 R1=4545 R2=4594 S1=4412 S2=4329.
The coming session is likely to witness a range of 4460 on
declines and 4590 on advances.


WORLD MARKET COMMENTARY
Yesterday all leading American indices like Dow Jones
Industrial Average, NASDAQ index and the S&P 500 (SPX) were in green. Dow gained by 1.19% and closed at 8848; S&P
500 up by 1.14% and closed at 951. European indices ended in green with in FTSE up by 1.25%, DAX up by 1.04% & CAC
40 up by 1.63%. Today major stock markets in Asia are trading mixed. The Shanghai Composite is trading up down by 0.53% at 3249; Hang Seng is down by 0.41% at 19422. However Japan’s Nikkei is up by 1.35% at 9522
and Singapore’s Straits Times is up by 0.14% at 2459.
Singapore Nifty future is currently is down by 17 point at 4488.5