Derivatives Research

NIFTY-TECHNICAL OUTLOOK
Today the markets are likely to open with flat note on the
back of mixed global cues. All Emerging markets are trading flat. Pivot points for Nifty based on 60 minute chart are
P=4385 R1=4472 R2=4521 S1=4336 S2=4250.
The coming session is likely to witness a range of 4380 on declines and 4450 on advances.


WORLD MARKET COMMENTARY
On Friday all American indices were closed on account of
Independence Day. European indices ended flat with in
FTSE up by 0.05%, DAX lost by 0.22% & CAC 40 up by
0.10%. Today major stock markets in Asia are trading mixed.
The Shanghai Composite is trading up by 0.55% at 3105; Hang Seng is down by 0.65% at 18084. However Japan’s
Nikkei is down by 1.58% at 9661 and Singapore’s Straits
Times is down by 0.72% at 2283.

Singapore Nifty future is currently is up by 8 point at 4428.00