Derivatives Research

NIFTY-TECHNICAL OUTLOOK:

Today the markets are likely to open with flat to positive note
on back of positive global cues. All Emerging markets are
trading in green. Pivot points for Nifty based on 60 minute chart are P=4474 R1=4511 R2=4561 S1=4424 S2=4387.
The coming session is likely to witness a range of 4420 on
declines and 4560 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 0.77% and closed at 8916; S&P
500 up by 0.36% and closed at 955. European indices ended in green with in FTSE up by 0.85%, DAX up by 1.27% & CAC 40 up by 0.98% Today major stock markets in Asia are trading in green. The Shanghai Composite is trading up by 1.52% at 3262; Hang Seng is up by 0.12% at 19526. However Japan’s Nikkei is up by 0.16% at 9668 and Singapore’s Straits Times is up by 0.56% at 2468.

Singapore Nifty future is currently is up by 25 point at 4496.